Data443 Risk Mitigation Inc (ATDS)

[Sturgis]

Reverse split and reverse merger have already been done. The preliminary prospectus i would assume is for whatever exchange they are submitting for. They can actually be on more than one with approval. Rule 144A QIB’s are allowed to trade securities on the market which increases the liquidity for these securities. The rule provides Safe Harbor Exemption against the SEC’s registration requirements. So, to me this says. PAG is the underwriter. They are rounding up the syndicate in which will act like a market maker. QIB’s. Which are the Safe Harbor Exemption. By-passing the Sec. Rule 144. This rule governs the sale of controlled and restricted securities in the market place. This rule protects the interests of issuing companies because the sales are so close to their interests. Sect. 5. Of the securities Act of 1933 governs all offers and sales and requires them to be registered with the SEC. OR. To qualify for an Exemption from registration requirements. So all in my opinion. This says PAG with Syndicate QIB’s are exempt from the SEC requirements. So it’s up to the exchanges if they will let them uplist. I don’t know about anyone else but I’m thinking they will let them do what they want. I guess we’ll see what happens.