Data443 Risk Mitigation Inc (ATDS)

[TROW]

Did some deeper digging back into 2008 posts. Found these related to the acquisition issue. The plot thickens....

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=39461506

BEIJING, Oct. 6 /PRNewswire-FirstCall/ - MonArc Corporation, www.monacorporation.com, (MONA.PK) is pleased to announce that it has negotiated to receive $1.5 million in stock from Landstar Inc. upon the closing of the sale of MonArc's holdings in Hubei Chuguan Industry Co. Ltd. to Landstar.

As previously announced, Yellowsea Management, Inc, a special purpose company incorporated in Belize will acquire a 100% interest Hubei Chuguan. Yellowsea will then be acquired by Landstar, Inc (LDSR). The Belize special purpose company and these simultaneous transactions are needed in order to comply with Chinese security laws. MonArc has a 10% carried interest in this deal, and will receive stock valued at $1.5 million from Landstar as part of the acquisition process.

MONA CEO Yong Chen advised; 'We think this is an excellent transaction for our shareholders. This receivable stems back from several years ago from the previous management and their dealings. We have therefore negotiated a carried interest in the deal of 10%, and will realize our compensation in stock of Landstar upon closing of the final acquisition of Hubei Chuguan by Landstar. Needless to say, this is a significant gain over our hard costs related to this deal.

This will be 1 of the 5 cash and stock dividends MONA will issue to its shareholders by Dec 31 2008.'


Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet filings (www.pinksheets.com), and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation describing the risks of investing in penny stocks.


Safe Harbour statement under the Private Securities Litigation Reform Act of 1995: Certain information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.



https://investorshub.advfn.com/boards/read_msg.aspx?message_id=41100537

By Kraken

The problem I have is that there is a question of veracity in claiming that it is the posters that are providing misinformation when in actuality it is the issuer that is the one providing misleading information to the public. This goes against their "get the facts right" mantra they keep shoving down our throats. How can we get the facts right when what they state one day changes when the actual deal goes down.
For example...
Sep 1, 2008
Pink OTC Markets News Service

Beijing, China— Beijing, September 1 2008 - MonArc Corporation www.monacorporation.com (Pink Sheets: MONA - News) is pleased to provide this corporate update to its shareholders and followers.
On the status of other asset disposition, the issuer has identified 1 purchaser for its Oil Company position. The Oil Company (Hubei Chuguan Industry Co.Ltd) is part of a larger conglomerate with revenues in the 80-100 million dollar range and assets in the 400-500 million range. The issuer's stake is in the Hubei Chuguan Industry Co.Ltd (Environmental) division with current revenues of about 10 million dollars and assets of about 20 million. The issuer's corporate advisors and management believes that a dividend of 10-12 million dollars to MONA shareholders may be achieved in this transaction.

Then...one month later...

MonArc Corporation (MONA) to Receive $1.5 Million in Stock on Closing of Hubei Chuguan (LDSR)

BEIJING, Oct. 6 /PRNewswire-FirstCall/ - MonArc Corporation,
http://www.monacorporation.com, (MONA.PK) is pleased to announce that it has
negotiated to receive $1.5 million in stock from Landstar Inc. upon the
closing of the sale of MonArc's holdings in Hubei Chuguan Industry Co. Ltd.
to Landstar.

This is just one example of them providing misinformation and in light of this one example puts the veracity of their entire claim in question.

Furthermore...
I see people posting that chuguan got this contract and that deal and is in negotiations for this or that. Sorry folks...this is NOT a division of Chuguan anymore...it is Landstar. Chuguan SOLD 100% of their ENVIRONMENTAL DIVISION to yellowsea which then vended into LDSR subsequently breaking any ties with Chuguan. If I am wrong in this let me know but that is how I see it.



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By breezin_chs:

I was under the impression that hubei chuguan SOLD 100% of their environmental division to yellowsea management and simultaniously reversed into Landstar? Would that not mean that division is NO LONGER a part of Hubei Chuguan??? Am I wrong in assuming this? The transaction was very clearly spelled out...

The key to understanding SPC's (Special Purpose Companies), is to follow the assets, IMO. Remember, Hubei Chuguan is the "primary operating subsidiary" of LandStar, Inc, [LDSR]. So (not to confuse the issue), that leaves the door open for LandStar to acquire other companies/assets.

So I would quibble with your word "SOLD." Again, Hubei Chuguan is a subsidiary. It didn't sell its assets. Instead it reverse-merged into an existing public company, LandStar, Inc.

Chuguan could have chosen to go the IPO route, which would have been prohibitively expensive and time consuming.

Fortunately, in its capitalist wisdom, China (and other countries) has created vehicles for companies to access foreign capital. This seems to throw a lot of investors out of whack because now the term tax shelter gets abused complete with images of Belize, the Caymans, etc., and little umbrellas in tax-sheltered drinks. I would remind everyone, though, that Delaware is also considered a tax haven.

Anyway, read this PR from Oct 20, 2008 and we'll continue muddling through this.

www.landstarcorp.com (site under construction) the issuer is pleased to announce that it has completed its filings in Belize with its special purpose company Yellow Sea Management Inc. According to Chinese laws affecting Chinese based companies a special purpose company is required for a merger with a USA based company (LandStar Inc.).

Yellow Sea Management Inc. will acquire Hubei Chuguan and then, Yellow Sea will be simultaneously be acquired by LandStar Inc. and issue common shares to shareholders of Hubei Chuguan in proportion to their current holdings.

The issuer recently appointed Mr. Li as their official new CEO and chairman.

These filings are currently being done with the State of Nevada and should reflect with Nevada shortly. Mr. Li also acts as a CEO - President of Hubai Chuguan Oil a China based oil vapor recovery company with over 200 employees under its administration. Mr. Li has over 30 years of business experience to LandStar and is a highly respected businessman both internationally and in China.