SideChannel Inc (SDCH)

[TronCarter]

Main takeaway from hearing-Judge orders trial!

Hearing highlights (summarized):
1) LeBlanc claims De la Garza and Cipherloc owe him millions in stock, cash and civil damages
2) De la Garza claims Leblanc was paid in full by issuance of 25 million S-8 shares issued in 2014
3) LeBlanc agreed that the shares were issued to him, but he did not receive most of the proceeds
4) De la Garza admitted, under oath, that he received proceeds from the sale of the prementioned 25 million shares issued to LeBlanc
5) It is my understanding that this admission confirms criminal activities of fraud by De la Garza
6) It is also my understanding that this is not the only criminal allegation against De la Garza
7) I don’t believe that acts of fraud are covered by D&O or E&O insurance

Based upon what I’ve heard and read, these allegations will significantly impact De la Garza and Cipherloc