Data443 Risk Mitigation Inc (ATDS)

[nodummy]

LDSR - yes I've made some posts about this unusual, clumsy situation in the past

LDSR was always a Nevada entity.

LDSR was a Minnymar Group shell for years and years. In 2014 MinnyMar Group put a bunch of their shells up for sale presumeably in an effort to exit the shell peddling business because of issues that the SEC Shell Expel program was causing for shell peddlers at the time. LDSR was one of the many shells that MinnyMar Group advertised for sale.

Allegedly William Alessa acquired the LDRS shell from the Minnymar Group some time around 2015 or 2016 by acquiring the preferred control stock.

But no preferred stock was ever designated at the Nevada SOS so it's impossible that any preferred shares could have had any voting rights.

Despite selling the LDSR shell, MinnyMar Group kept control of a $125,000 convertible debt Note which could be converted into LDSR stock at $.00005/share for a total of 2,500,000,000 shares.

By this time the LDSR Nevada business entity had already had its business license revoked for a few years for failing to pay its annual taxes.

William Alessi Allegedly filed for custodianship of the LDSR shell through Mecklenberg County, NC using the preferred stock as his claim to the shell.

After allegedly being named custodian of the shell by the Mecklenberg County courts, Alessi made a new entity by the same name (Landstar Inc) in North Carolina on July 7, 2017.

William Alessi failed to reinstate the Nevada entity. Instead he elected to file a merger document with the North Carolina SOS saying he was merging the Nevada entity into the North Carolina entity.

The problem with that is that William Alessi was never added as a control person at the Nevada SOS and William Alessi never reinstated the Nevada business entity and never filed a merger document with the Nevada SOS - this made the merger filing fraudulant.

William Alessi then sold his North Carolina Landstar Inc entity to Jason Remillard.

Jason Remillard thought that by buying Landstar Inc (NC) he was buying the LDSR shell, but since William Alessi never properly merged the Nevada etity into his new North Carolina shell all Jason really bought was an unrelated North Carolina entity with the same name as LDSR.

After acquiring the North Carolina Landstar Inc, Jason Remillard registered the data443.com domain (on December 10, 2017) and immediately changed the name of the Landstar Inc (NC) entity to Risk Mitigation Inc (on December 11, 2017)

Data443 became the holding company for Jason's Classicdocs as well as other forward looking business plans by Jason to enter the cyber security industry and blockchain industry.

On January 29, 2018, LDSR did a press release saying that LDSR acquired ClassicDocs

https://www.otcmarkets.com/stock/LDSR/news/DATA443-OTCPK-LDSR-Closes-First-Acquisition?id=181729

Obviously at this point Jason still thought that by merging his business operations into the North Carolina entity he'd be merging them into the LDSR shell (which wasn't the case).

Over the next 5 months LDSR would do a bunch of press releases and tweets touting the Data443 business operations as being the business operations of LDSR.

Some time between January 1, 2018 and March 31, 2018, MinnyMar Group converted $3,750 of its debt into 75,000,000 free trading shares of LDSR stock leaving MinnyMar Group with $121,250 of debt left (convertible into 2,425,000,000 shares).




Jason Remillard filed for a name/symbol change with FINRA and quickly realized that there were tons of issues with the LDSR shell as I had already been saying for weeks.

https://backend.otcmarkets.com/otcapi/company/financial-report/193888/content



But despite the fact that by March 31, 2018, Jason knew that there were Issues with the merger, Jason still continued to claim in the quarterly report for the period ending March 31, 2018 that LDSR had acquired ClassicDocs on January 26, 2018 and continued to do press releases and tweets touting the Data443 operations as part of the LDSR shell

https://backend.otcmarkets.com/otcapi/company/financial-report/193888/content

https://www.otcmarkets.com/stock/LDSR/news



Obviously the acquisition of ClassicDocs was separate from any merger with Data443 and so the quarterly report should have showed the assets/revenues of ClassicDocs which it did.

https://backend.otcmarkets.com/otcapi/company/financial-report/193887/content

LDSR listed $1,500,000 in intellectual property as an asset (the cost of the acquisition of ClassicDocs), but LDSR listed no revenues. ClassicDocs had no revenues


By April of 2018, Jason Remillard started to take steps to cure the many issues. He paid the back taxes owed by the Nevada business entity and had it reinstated/revived on April 27, 2018

https://www.nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=n07YicCFnq0ZhR%252fMfyt37g%253d%253d&CorpName=LANDSTAR%2c+INC.

Jason then finally designated the preferred stock with voting rights so that the preferred stock he acquired from William Alessi actually did give him voting control of the LDSR shell.

Then Jason voided the fraudulant merger document that William Alessi had done and filed a new merger document merging the Nevada business entity into the North Carolina entity

Oddly though, Jason gave the merger document an effective date of June 29, 2018 which was over 3 weeks in the future. I really have no clue why he'd do.

Today that merger was cancelled

https://backend.otcmarkets.com/otcapi/company/financial-report/196689/content

Persumably Jason realized that it made much more practical sense to have a Nevada entity for LDSR instead of a North Carolina entity, but I still don't understand the 3 week window he set up. Did he plan on cancelling the merger all along and just wanted to get 3 weeks of nice pump action out of the stock?

Around the same time Jason was working on fixing the mess with the Nevada SOS, on June 4, 2018, Jason did a filing once again confirming that LDSR had acquired ClassicDocs back in January claiming that the acquisition made LDSR no longer a shell company

https://backend.otcmarkets.com/otcapi/company/financial-report/195417/content

Perhaps there were some issues/questions about the conversion of $3,750 of debt by MinnyMar Group into 75,000,000 shares of free trading stock or possible there were Issues with the conversion of more MinnyMar Group debt into free trading stock thus the filing about no longer being a shell company.


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At this point LDSR owns ClassicDocs, but ClassicDocs had no revenues as of March 31, 2018 and so how much the company is actually worth is debatable. Obviously it's not worth $1,500,000. That's just the value of the stock and debt that Jason issued to himself for the acqusition.

At this point LDSR doesn't own any of the other Data443 business operations though I'm skeptical that any of those operations have much real value either. But Jason does claim that he still plans on merging the rest of the Data443 operations into the LDSR shell at some point in the future

https://backend.otcmarkets.com/otcapi/company/financial-report/196709/content

At this point we don't know how many more of those 2,425,000,000 shares MinnyMar Group may have gotten since March 31, 2018. What is known is that on March 31, 2018, MinnyMar Group was still due to get 2,425,000,000 more free trading shares of stock. 2,425,000,000 shares is a hell of a lot of free trading stock. That many shares being added to the float in the future will reap havoc on the LDSR share price sending it deep into the subpennies.