SideChannel Inc (SDCH)

[TronCarter]

No rational support for an increase in stock price.

In the prior PP, the company raised $5 million before broker commissions, the CEO took the majority of net proceeds, and the rest was blown through rather quickly with nothing to show in sales or positive increases to assets or equity.

In the current PP, the company sold 17+ million shares of CLOK at $1.00 per share, paid 12.5% cash commissions to Paulson (per 8-K) plus a ten-year warrant to purchase up to 5% of the offering at $1.20 per share. So, what will this do to stock price? Well, with everything else staying the same (ceteris paribus) continual downward pressure on the stock price.

I "hope" that something happens to stop current leadership from draining the bank account.
I "hope" that those of you who have invested your retirement into CLOK will get most of it out.
I "hope" that people are held accountable for their actions.