Data443 Risk Mitigation Inc (ATDS)

[HokieHead]

Data443 valuation as of 8/2/18

Going to use rounded, close numbers..

Let's start with the closest competition Data443 has on their website, Varonis, ticker VRNS:
PPS: $60
Shares OS: 28.8m
Market Cap: $1.7 billion
2019 Sales: $316 million
Current 2019 PS Ratio: 5
So our nearest competitor is trading for 5x it's 2019 sales figure.

Let's take a look at where Data443 would be valued at with the following share structures. Again, close rounded figures..

Data443
PPS: $0.01
Shares OS (latest known): 4.1 billion
Market Cap: $41 million
2019 Sales: Unknown
Current 2019 PS Ratio: Unknown

Now let's back in to a comparable valuation for Data443 trading at $0.01:

$40 million market cap / PS 5 (comparable to VRNS) = $8 million

So we are valued as if we are going to do $8 million in 2019 sales.

The PPS at $0.01 is basically trading for 2x 2019 sales versus VRNS 5x sales and that's with nothing coming in the next year other than the Araloc possible revenues. A similar PS ratio with the last known share structure to VRNS would put Data443 at $0.025, or 150% higher than the current PPS.

So if we find out the LDSR share structure is unchanged we are currently trading as if we are going to do $8 million in 2019 sales.

Okay, lets add and subtract some billions from our share structures for fun!

Outstanding Shares:

6 billion (2 billion added):Market Cap would be $60 million, and at a $0.01 would be trading for a 2019 sales figure of $12 million comparable to VRNS 5x PS. Wait? Araloc has probably already done $12 million in sales lol.

2 billion (2 billion removed):Market Cap would be $20 million, and at a $0.01 would be trading for a 2019 sales figure of $4 million comparable to VRNS 5x PS.

Conclusion- Go ahead and add 2 billion to our share structure and you have Data443 trading at a sales figure of only $12 million in 2019 BUT THOSE SHARES SURELY HASN'T HAPPENED.

Any way you slice it, 2,4,6 billion shares, Data443 at $0.01 is just plain manipulated cheap. I'll continue to add at these levels. No matter how you look at the shares outstanding and throw on a super low 2019 sales figure there's no reason this should be under $0.05 for starters.

So tell me we diluted 2 billion more and I'll still tell you we are still 400% undervalued for starters.