Data443 Risk Mitigation Inc (ATDS)

[trader59]

Couple posts about this Chinese company holding the shares. LDSR did state they merged with them a long time ago, and if Chiguan can produce the legal details of said merger, meaning if they can show they received the shares as part of the merger deal, they might just be hitting the float. All the PR's around that time look like a typical scam merger, but even those sometimes have real looking paperwork and contracts and stuff filed to help the pump. Wonder if the Miramar group (who had the shell back then and did the "merger") got wind of the lawsuit and is helping their former partners out?


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147137086

I don't think so, either.

You guys know that back in the Miramar days Landstar "merged" with Chiguan, right? Wouldn't be surprising if, somewhere tucked into the documents of that alleged merger, there was a share exchange. Jason seems to be trying to put the burden of proof on them and probably is counting on them either no longer existing or not really caring about it, which is really the best play he has. But the judge may not make it easy on him to cancel shares that have been reported as outstanding for quite some time in the company financials.

http://averagejoespicks.blogspot.com/2008/12/land-star-inc-ldsr-completes.html?m=0

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147181658

While it was likely a scam, it wasn't necessarily a "moronic foreign company," but rather one of a string pulled off by the US owners, which was the Miramar group at the time. They have a reputation for it.

https://www.marketscreener.com/LANDSTAR-INC-90434/news/LANDSTAR-INC-Land-Star-Inc-LDSR-Targets-Merger-with-a-USA-Company-13267677/

It is likely the defendant will not appear to claim the shares, not sure the company was real in the first place and, even if it was, you can't find them on Google anywhere as a current company (not that it would be easy to find a Chinese company on Google). I expect Jason to win if he can demonstrate appropriate effort has been made to contact them. The shares aren't really trading in the market, so whether they exist or not won't impact the PPS.