SideChannel Inc (SDCH)

[TronCarter]

Disbelief? Disillusioned? Disappointed? Yeah, MDLG is a letdown.

- Michael de la Garza and Carl Ranno used Robert Leblanc to issue 25 million shares of S-8 stock and had Leblanc, even though de la Garza knowingly knew that Leblanc had back taxes owed to the IRS, and made him sell the stock and give de la Garza full access to all of the money that Leblanc transferred to the bank account. de la Garza admits that he received proceeds from this S-8 stock sale. He can't remember the exact amount in his sworn testimony provided here https://www.filedropper.com/leblanctrialexcerpt, but credible sources suggest it was over $400k of the $500k total proceeds.

- de la Garza and Ranno did not disclose that de la Garza benefited from this stock sale

- de la Garza and Ranno did not disclose the PayMed "promissory note" due to Leblanc in the financials

- de la Garza and Ranno did not disclose the extinguishment of this debt in the financials

- de la Garza and Ranno took a $500k expense for the issuance of the 25 million shares of S-8 stock to Leblanc