SideChannel Inc (SDCH)

[TronCarter]

WRONG! For a public company raising over $20mil

...and a CEO with a very sketchy past, it MUST have a full-time CFO and probably an audit committee. Otherwise, someone like de la Garza just can't help himself. He has no integrity. He only thinks of himself and will pay out as little as possible for the necessities (fiscally responsible staff, engineers that know how to bring products to market, seasoned sales and marketing team) to make it look like a "real" company. But he doesn't have any experience running a real company.

Why doesn't de la Garza want a CFO? Because he uses the corporate bank account as if it's his own. And he doesn't want a CFO telling him that what he's doing is wrong and unethical.

The auditors are probably having a field day with him and his poor decisions right now. When the 10-K comes out (the next Q is not due until 45 days after 12/31/18), be sure to look at the Statement of Cash Flow, all of the disclosures, executive compensation, cash left in the corporate bank account, and much much more.

Whoever is betting on de la Garza has bet on the wrong horse.

But I guess one good thing about de la Garza is that he does know a lot about bankruptcy law. And being sued. And non-delivery of software. And making up grandiose stories about potential "deals" that never generate revenue and make the company look like a shell.