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Thursday, August 22, 2019 3:17:14 PM
Michael de la Garza owned PayMed with his wife, Robin de la Garza. They likely recognized this business on their individual tax return on a Schedule C. Was there ever a disclosure regarding a sale of PayMed to Cipherloc (CLOK), kinda sorta formerly known and Cloud Medical Doctor Software Corp(CLOUD-MD), formerly known as National Scientific Corporation (NSCT)?
What happened? Why? When?
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Opinion:
de la Garza rolled his companies with debts and lawsuits (pending and active) into NSCT/CLOK to avoid being personally liable by using the Company to pay off his bad debts and wrongdoings. The Leblanc case, the Krooss case, Illercil case and Lisa Byrd case are all examples. With the doctors (Krooss, Illercil, Byrd) de la Garza sold software licenses that he couldn't fulfill, and then "took care" of his shortcomings by reissuing shares of CLOK to the various doctor who got duped.
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