Data443 Risk Mitigation Inc (ATDS)

[Bubae]

I bird dog this ticker because I thought maybe another flip was possible. Jason gets away with fleecing shareholders because few here dig and calls him out on it. He has racked up millions in shareholder losses with his schemes and is well rewarded for his efforts. This company runs on false and deceptive PRs in my opinion. The ZOOM deception was huge. Another example is the flowery PR at the beginning of the year about launching the new sales team to focus on generating revenue. Fact is they spent only $3000 on sales and marketing last quarter and a decrease from last years total to date of 67%. Yet we have a new sales team and leader to increase sales.

Data443 Expands Sales Capabilities


"RALEIGH, N.C., Feb. 20, 2020 (GLOBE NEWSWIRE) -- Data443 Risk Mitigation, Inc., (OTCPK: ATDS)a leading data security and privacy software company, today announced the completion of its first build phase of new sales organization headed by its new Chief Strategy Officer – Mr. Raymond Bruni. “Mr. Bruni brings a wealth of experience scaling new sales teams at the enterprise level...

https://finance.yahoo.com/news/data443-expands-sales-capabilities-173911020.html


from the latest 10Q

"Sales and marketing expense for the three and nine months ended September 30, 2020 amounted to $3,000 and $151,000, respectively, as compared to $79,000 and $461,000 for the three and nine months ended September 30, 2019, respectively, which are decreases of $76,000, or 96%, and $310,000, or 67%, respectively. The expenses for the nine months ended September 30, 2020 primarily consisted of developing a sales operation, with some previously reported expenses, primarily management costs, reclassified to general and administrative expenses. Expenses for the nine months ended September 30, 2019 consisted of primarily the same items."

https://sec.report/Document/0001493152-20-021394/