"The Chasteen abides..."
David Chasteen is obviously at the mercy of Tom Wilkinson. Chasteen appears to be the appointed captain to go down with the CLOK ship. Wilkinson probably jumped in the first life raft. This may be part of a future narrative, where Wilkinson "saves the day, and shareholders."
Message in reply to: Microcap Woman
Based on this most recent quarterly report, maybe we can now understand why David Chasteen didn't do a shareholder conference call when he became the new CEO of a public corporation which is unheard of and very confusing for all of us. What would he have said?: Hello, my name is David Chasteen. I'm the one who put Andrew Borene in as CEO. He was a crummy CEO and I should have known better than to suggest a Hollywood actor as the CEO of a cyber security company. I also approved putting $220,000.00 into Andrew's pocket for doing a crummy job. As your new CEO, I will do much better than the lousy job I've done as a board member contributing nothing to the success of CipherLoc and instead did destructive actions like approving a huge monthly lease payment for the next several years for a big office space in Washington DC which could force CipherLoc into bankruptcy. In summary, I know this might be hard to believe, but CipherLoc is still burning $800,000.00 and by March 2021 we will be completely out of money and filing for bankruptcy but as your new CEO I will do my best to guide CipherLoc to bankruptcy as painless as possible for shareholders.
