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Re: None

Thursday, 03/11/2021 9:33:51 AM

Thursday, March 11, 2021 9:33:51 AM

Post# of 24517
Everyone is entitled to their opinion but here are the facts of the matter for Cipherloc. There are only three options to be considered. Since the company is out of cash, it must obviously raise new money. Option1: Raise money and keep the current people in place. Option2: Raise new money and do what TronCarter suggests and clean house and hire new folks. And finally, option3: Should there be no interest in giving CipherLoc new money, it must go into receivership and file bankruptcy. It's as simple as these three options. It's my opinion, the story isn't compelling enough for brokers to pitch and the poor track record of past performance will lead CipherLoc to option3 in the next 2-8 weeks. IMO Option1 is the easiest solution but not the best option for shareholders given the poor performance of past executives and the current BOD driving CipherLoc to it's knees with no cash and no revenues. Option2 makes the most sense because Cipherloc needs competent people on the BOD's looking out for shareholders vs. their own best interest (cya) and CLOK needs new executives that know how to lead people, run a business, build a business, and get to profitability BEFORE running out of cash like now. Option3 seems to be inevitable because brokers are not likely to call their best clients and pitch a penny stock with no cash and millions in liabilities and having so much controversy surrounding it or "too much hair" as they say. But the proof will be in the pudding. Are brokers willing to call their best clients and convince them to take a big risk and invest? Will current shareholders give CipherLoc more new money? I doubt it either will happen but I wish all deserving shareholders nothing but the best.
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