Data443 Risk Mitigation Inc (ATDS)

[Timetravelerdos]

Here are 3 Highlights of todays News email and tweet from LDSR

How many shares of the Company’s stock are currently outstanding?
As of August 12, 2018, the Company had 4,447,676,982 share of its common stock issued and outstanding, of which (i) 1,606,347,924 shares were restricted; and, (ii) 2,841,329,058 were free-trading. As of August 12, 2018, the Company had 1,000,000 shares of its Series A Preferred Stock issue and outstanding.

Why is the shell risk flag still on OTC Markets listing?
You should recall that the Company was previously considered to be a “shell” (a company which has (i) no or nominal operations; and, (ii) no or nominal assets (or, assets consisting mostly of cash). When the Company ceased to be a shell in January, 2018, the designation as a “shell” was removed by OTC Markets. However, it is the policy of OTC Markets to place a ‘shell risk” flag on companies for a period of time after they cease being a shell. We expect that the shell risk flag will be removed by the end of the year.

What is status of the long-term debt which has been on the Company’s books?
The $125,000 convertible note was reassigned in a private transaction between the existing noteholder and another organization that has had no previous interactions with the Company or Mr. Remillard. The current noteholder has communicated its intent to be supportive of the Company, and expressed its approval of our plan to be a major power in the global cyber data security marketplace.