SideChannel Inc (SDCH)

[TronCarter]

CLOK is not a healthy company. Here's why.

As a C-level executive with prior work experience with Fortune 50 companies and true start-up experience (started 3 businesses and sold 2 of them), I can confidently state that Cipherloc (CLOK) is not a healthy company. The lack of experience within the company at this time illuminates that very fact. Cipherloc does not have any seasoned professionals with a track record for success (Dr. Mattox undoubtedly brings the most corporate value to CLOK). This point is very true with the CEO, who has a fictitious and non-verifiable bio. Cipherloc, as a public company, should not have a CEO like de la Garza, who doesn't have the experience necessary to make a data encryption company profitable. He doesn't know what he's doing, and Cipherloc's history confirms this statement. Shouldn't CLOK have had more than 1 sale for the past 5 years?

Cipherloc offers some embedded code that is not stand alone. Cipherloc does not have a hardware offering, only software. With that said, Cipherloc will have to develop many partnerships to try and get its code into use, fix problems encountered along the way, and hope that it is stable enough to not reveal flaws or vulnerabilities. To date, Cipherloc has not been tested in the real world.

If Cipherloc were a healthy company, it wouldn't be paying out so much cash and stock to its CEO. If Cipherloc were a healthy company, it would have figured out a way to generate sales, and then build on those sales to create partnerships, increase product usage, and increase sales. Sales are $0. If Cipherloc were a healthy company, it would have seasoned sales and business development staff creating opportunities. If CLOK were a healthy company, it wouldn't be paying off legal settlements for non-delivery of software and for fraud allegations.

How does CLOK become a healthy company?
CLOK needs an honest SEC-fearing CEO with real verifiable C-level experience, high integrity, and the ability to build and manage an experienced team of professionals to find channel partners, create sales and build on those business relationships and product offerings.