SideChannel Inc (SDCH)

[Microcap Woman]

To avoid bankruptcy, CipherLoc will most obviously need to find someone to sell new shares and dilute the shareholders by selling stock 75-80% below the Paulson pipe in 2017. But even if they do try to raise new money, who will write checks for a company with no revenues and has chewed through $17 million dollars in 3 years and with the exact same BOD's in charge with exception of the smart one who left recently. What hedge fund would buy this stock now? They would see Jeb and Manchester got totally embarrassed and blown to pieces in the loser company and new funds will stay far away. What brokerage firm or what stockbroker at a brokerage firm would take the risk to call their clients and pitch a no revenue penny stock that is out of cash and +$2 million in liabilities filled with 3 part time executives? The only people left to fund this near bankrupt company are the tired old shareholders who have been lied to time and time again and right up to today's CEO letter. Will these angry shareholders step up and write checks to CipherLoc? I doubt it. Once the BOD's realizes no one will put new money into this loser stock, they will file for bankruptcy and the stock will go from .30 to .00000030 overnight. Then you can expect class action lawsuits to begin. The balance sheet shows CipherLoc has bills to pay and it shows they don't have cash to pay future bills. They will have one choice left and bankruptcy will be inevitable. The month of March will be the last full month CipherLoc will live half-dead. April will be the last month of its miserable existence and most will be relieved to see it finally die. The BOD's will be most happy to see it die.