Data443 Risk Mitigation Inc (ATDS)

[TROW]

Sturgis- I'm not 100% sure that LDSR went "bankrupt" until Bill Alessi sought relief from the debts in 2017.

The DTCC suspended trading of LDSR on August 24, 2012 and put on the DTC chill.

The LDSR shell was then sold with MMG being the lead agent in the sale on February 2014 to Kevin Hayes.

In or around April 2017 there was another change in control when Kevin Hayes sold the 1,000,000 shares of Series A to Hybrid Titan Management, which then proceeded to assign the Series A to William Alessi. Mr. Alessi was then appointed as the sole director and officer of the Company. Mr. Alessi initiated legal action in his home state of North Carolina to confirm, among other things, his ownership of the Series A; his “control” over the Company; and, the status of creditors of the Company. In or around June 2017 the court entered judgment in favor of Mr. Alessi.

Included in the declaratory judgement was claim bar date which provided existing investors and creditors and time frame to file proof of claim against the entity for liabilities and claims existing as of that date. That date was twenty days subsequent to the filing of the declaratory judgment. Accordingly, all potential claims against the Company have expired except the above mentioned Note #1 and Note #2. (This was the 125k note that was on the books for 2016 and 2017).

The DTC chill was then lifted in June 2017 and LDSR began trading again.