CLOK status report is needed from new Interim-CEO
I agree that an honest status report is needed from the new Interim CEO to "clear the air" about Cipherloc. I think that removing de la Garza from the CEO seat was long overdue, and something that I have wanted for ALL SHAREHOLDERS for a very long time. But de la Garza's past actions will have negative consequences for CLOK shareholders and we can't just turn a blind eye to de la Garza until everything is on the table and he is no longer a part of the company.
I would like to know how the rest of the cleanup is going, specifically, getting family, friends and prepaid "consultants" off of the payroll.
I think all shareholders want to know about sales and what's in the pipeline. This seems to create the most CLOK-related disagreements. My opinion has always been more on the negative side because I KNOW THAT DE LA GARZA HAS LIED ABOUT WHAT'S IN THE PIPELINE. There are many others who choose to believe de la Garza and still think that DataPath, the Air Force, the US Government and other unnamed entities are on the verge of some huge sale with CLOK. While I don't doubt that CLOK can make a real sale, for real money, with a real company or government agency, I believe that the sale will be very small given CLOK's actual product offering at this time. And given the history of de la Garza's claims about pilot programs, and sales next month, next quarter, next year that have not turned into sales, anything that de la Garza has promoted or alluded to has to be ignored.
Which leaves us with the following big questions:
1) How much cash is left in CLOK bank accounts?
2) What are the current liabilities, including commitments by de la Garza?
3) What will be the impact of the LeBlanc lawsuit?
4) What is the monthly/quarterly burn?
5) What resources are needed to make sustainable sales?
