SideChannel Inc (SDCH)

[TronCarter]

Brad Mitchell is Michael de la Garza's grandson?

I hadn't heard that theory.

The S-8 shares were disclosed here (https://www.otcmarkets.com/filing/html?id=10026812&guid=sJIIU679ctaPqth) and mentioned in financials (below), but not accurately. Since de la Garza has now provided sworn testimony stating that the S-8 shares were issued to Leblanc to settle a promissory note that he and one (or more) of his businesses owed to Leblanc, the 9/30/14 10-K is wrong and de la Garza has committed another felony fraud act associated with this filing by misleading shareholders and regulators.

From page 19 of 9/30/14 10-K (some words abbreviated):

Stock Issued for Services

During the year ended September 30, 2014, the Company issued 68,242,506 shares of common stock as compensation. The fair values of the shares were a total of $1,625,118 and were recorded at the market price on the date of grant. The issuances of stock were as follows:

Date # Shares Fair Value Description of Services
March 5, 2014 31,750,000 $666,750 Comp to officers
April 3, 2014 5,000 $116 Comp for legal services
April 21, 2014 1,392,506 $34,227 Comp for CLOK consultants
April 22, 2014 7,000,000 $138,600 Mktg agreement with Hemp, Inc.
May 3, 2014 5,000 $115 Compensation for legal services
May 5, 2014 50,000 $1,150 Comp for marketing services
May 6, 2014 25,000,000 $605,000 Comp to a sales consultant * S-8 valued shares at $500,000 *
June 3, 2014 5,000 $111 Compensation for legal services
July 7, 2014 35,000 $1,750 Comp for CipherLoc consultants
September 3, 20143,000,000 $177,300 Comp for marketing services
Total 68,242,506 $1,625,119

9/30/14 10-K is here: https://www.otcmarkets.com/filing/html?id=10392056&guid=LgIIU6_tBe24Fth