SideChannel Inc (SDCH)

[Microcap Woman]

The recent Q is a strong indication that CLOK will be below a penny per share soon enough. That will assuredly happen if no one comes to the rescue to massively dilute the shares with new money in a private raise. If CLOK goes to zero, then spending millions in legal fees to buy back MDLG's worthless shares will look like a very "dumb" move as TronCarter suggests. It would have been much more intelligent to first see if the company had good technology that could be monetized into revenues and then go ahead spend millions to buy valuable shares vs. spending millions for invaluable shares like Tom Wilkinson did. The salt in the wound for us shareholders is the BOD actually rewarded MDLG with $400,000.00 for stealing from us shareholders. But maybe the plan of the BOD's was to give MDLG enough money to buy his company back in bankruptcy? That plan would make better sense of the "dumb" moves by the BOD's and also would explain why no conference call was ever given to us shareholders by the new CEO. What would Mr. Chasteen have said: "We are almost out of money after giving $400,000.00 to MDLG for stealing and giving $220,000 to Andrew Borene for failing and committing nearly $20,000.00 per month for an office space in Washington DC for several years. I will be the new and final CEO until we run 100% out of money and we watch MDLG buy his company back in bankruptcy. Thank you shareholders for you continuing support of me and the BOD."

TronCarter Friday, 02/26/21 10:04:17 PM
Re: CLOKtickticktick post# 22449: Make no mistake, Tom Wilkinson is to blame! I mean, seriously. Doesn't Wilkinson have a CPA? He can't be that dumb, right? So that means it must be intentional. Why? Incompetence? Self-destructive behavior? Does Wilkinson have a beef with Besser?

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If we are all out of money with no options, one really has to ask why the board would spend the last of its cash to buy back shares from MDLG.