Data443 Risk Mitigation Inc (ATDS)

[trader59]

Jason has been posting financials and taking corporate actions (ie - the name change) for the Landstar NC entity that spoke for the NV entity. All the stock and the ticker is tied to the NV entity that he does not own nor control (at least with the filings that have been made).

Yes, he can fix this and he absolutely must because, as it stands, nothing he has done on behalf of the NV entity is legal. I don't know him, but I expect he believed he owned them both and they were already merged, then tried to merge them and found he'd been hoodwinked by the previous owner. His solution to not merge won't work since the NV entity he wants to use isn't the one that he bought (on paper).

As I said, his lawyer has a lot of work to do, he can't just say he's working through a NV entity that he didn't buy, and if he does the paperwork to acquire it, his financials and the actions taken are all hosed. In short, on behalf of the NV entity, he acquired the product and gave himself money and stock. If he couldn't do that, you don't have a clue what you actually own as a shareholder.