Data443 Risk Mitigation Inc (ATDS)

[Bubae]

Grasping for anything in an attempt to mislead new traders here. I have said, and will repost here, it is my opinion that the Dubai office PRs are another deception. Those who promote here cannot point to a single PR that can not be taken apart to reveal the deception. Jason and company are supposed to have a Dubai office, one of the most expensive places in the world, yet ask for rent relief here in the U.S. because of Covid? I am giving them the benefit of the doubt by saying that it is because of Covid.

Under NOTE 5: LEASES

We have a non-cancelable operating lease for our office facility that expire in 2024. The operating lease has renewal options and rent escalation clauses. On July 1, 2020, the Company renegotiated the office lease to obtain rent expense relief for the months of April 2020 – December 2020.


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

Six figure deal PR again. They always word their PRs very carefully for maximum impact. The intent is to get primarily the volume needed for the dilution. If they could have said "annual revenue of at least $100K per year" I would fully expect that they would have. Statements like these are why the company has such a a credibility problem. This deal was likely done by, what is referred to in the filings, as a "channel partner" with all the expenses the relationship suggests. That is why this statement from the PR is also deceptive. This company does not have the resources to staff an office in Dubai and actually operate internationally. Conversion to the US dollar is .27 to 1.They likely made very little actual revenue from this deal. The value is in the PR and the selling of shares.

Additionally they get away with saying "leading provider of All Things Data Security!" because they own the trademark phrase "Data Privacy Solutions for All Things Data Security™"

"Data443 Risk Mitigation, Inc. (OTCPK: ATDS), is the de facto industry leader in Data Privacy Solutions for All Things Data Security™"

"Leveraging the opening of our Dubai office and our new incredible partner in the Middle East, we look forward to continuing to be a leading provider of All Things Data Security!”

https://www.otcmarkets.com/stock/ATDS/news/DATA443-ANNOUNCES-MULTI-YEAR-CONTRACT-TO-PROVIDE-DATA-CLASSIFICATION-AND-PRIVACY-SERVICES-TO-FLAGSHIP-MIDDLE-EAST-BANK?id=285281