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Re: None

Tuesday, 03/02/2021 9:35:16 AM

Tuesday, March 02, 2021 9:35:16 AM

Post# of 24470
Yes, this PR is "fluff" and it has no credibility because there isn't a comment from Datapath and no corresponding PR from DataPath. DataPath probably has no idea this even came out. This is probably the BOD's last attempt to attract new money to cram-down shareholders. Since the BOD waited until there was NO CASH LEFT, they have two bad choices: First, do a private raise and massively dilute the shareholders. Second: Admit failure as a weak Board and file for bankruptcy. Both will lead to lower prices for CLOK. The first option could place CLOK below ten cents per share and the second option will put CLOK under one penny per share. Option one is better than option two but both options are the result of an incompetent BOD's taking CipherLoc to its knees with a balance sheet that looks like a bankrupt company.
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