Data443 Risk Mitigation Inc (ATDS)

[Sturgis]

In a reverse merger the private company exchanges shares with the public company usually retaining 80-85%. The wholly owned subsidiary is the company and then the public entity manages the companies affairs. Thus the board of directors. In this case. Jason founded Data443 llc. An llc has more of a membership by percentage of ownership. Jason purchased a shell company. Ldsr. The public entity. He is retaining the role of leader of its management by the control of ClassiDocs. There has to be a board of directors. In this scenario I would assume they will be more the consultant legal and financial types. Not so much IT types. Jason has majority control as well as leveraged control of both entities. The perfect set up. When he talks the board and investors listen. Pretty much like Warren Buffet has it. Believe me he knows what he’s doing. The ticker symbol will most likely change to something that reflects Data443 as Data443 is the company. They may have the option of keeping ldsr possibly using it somehow to uplist extremely fast. As of now it will be a month before they can move up to OTCCB. A reporting company. Pink Sheets not required to report. OTCCB required to report. I do not believe they will reverse split. At least I wouldn’t if in his shoes. He has options and many people at his fingertips about now. A lot of people now. The day of the merger (myself) I would have been out shopping for my limo. Lol. Needless to say. This company is poised for success. Not if it’s going to happen. It’s happening. Very speedily I might add.