SideChannel Inc (SDCH): Legal matters are material and will cost...

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SideChannel Inc (SDCH)

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Re: None

Thursday, 02/14/2019 11:39:44 PM

Thursday, February 14, 2019 11:39:44 PM

Legal matters are material and will cost millions.

The last legal settlement for Cipherloc was for software termination and cost CLOK$ over $1 million.

The current CLOK$ issue is much bigger and cannot be resolved by an insurance company. Why? Because the main issue is fraud.

Michael de la Garza can continue to make the same entry in the legal proceedings (litigation) section of the 10-Q, but this Is not proper disclosure, in my opinion. This lack of disclosure will likely be the basis of future lawsuits by investors.

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