SideChannel Inc (SDCH)

[TronCarter]

Tax evasion by Michael de la Garza explained

So if de la Garza "rolled his company(s)" into CLOK, fka CLOUD-MD, fka NSCT, with a $500k promissory note owed to Leblanc, then de la Garza would have to recognize this note when he allegedly sold PayMed or Absolute Medical to CLOK, or, when CLOK settled this note with Leblanc.

I believe that not only did de la Garza NOT disclose any of these transactions to the SEC or to the CLOK sharesholders, de la Garza also did not and has not disclosed this taxable event to the IRS.

Gino Mauriello, CPA, CLOK CFO, would probably be the best person to opine on this topic. Gosh, I hope de la Garza informed Mauriello of this taxable event and Mauriello didn't ignore IRS penalties of perjury.