SideChannel Inc (SDCH)

[TronCarter]

And still, things never come to fruition.

The pattern of press releases, forum posts and "leaked information" looks exactly like a company that has a better chance of being on American Greed than NASDAQ or NYSE. Why? Because, as stated in a quote from tedpeele: "Based on the history of many things that never came to fruition". No companies are doing business with Cipherloc. No companies are willing to do business with Michael de la Garza.

So what are the main takeaways from everything we've seen thus far?

1) Paulson Inv has been successful in raising $18mil in exchange for a nice commission 12% + warrants? There is $14mil left in the bank as of the 9/30/18 10-K.
2) CEO compensation is not tied to sales, and is completely out of control. He paid himself and his family over $500k in FYE 2018, and another 600,000 common shares AND STILL HASN'T MADE A SALE.
3) CEO has repeatedly made poor mgmt decisions and does not and cannot exercise prudent fiscal control. He is incapable of running a profitable business.
4) Older investors continue to be undercut and minimized. Looks and smells like a sham, a shell, a fraud.
5) The only revenue came from one "customer", "GAWK", who is no longer active on the OTC. That sale is still under question.
6) Every potential "customer" that has been thrown around on the CLOK board has decided to do without CLOK. Why? Probably because they have no trust in the CEO, hence, no trust in the technology. How can I say that? See #3 and #4 above.

Negative? Yes. Truthful and spot on? ABSOLUTELY