Data443 Risk Mitigation Inc (ATDS)

[Bubae]

Sure all companies in this space release PRs every week and dump shares every week. All companies burn capital at a rate of over $20 million in 9 months as indicated in the Q3 filing accumulated deficit figures. All companies in this space need a "Quick Capital" loan despite selling an additional billion shares since last August to pay operating expenses. There are good companies in this space conducting actual business with net positive balance sheets. If all of your holds are like this one you will not be trading long. This is a pump and dump flipping stock during certain period. If yo catch it right you can make money. Most however will lose big because someone is paying for all the debt and losses and it isn't Jason.

https://sec.report/Document/0001493152-21-006652/

On January 25, 2021, pursuant to the terms and conditions of a Note Purchase Agreement, the Company issued a Convertible Promissory Note (the “Quick Capital Note”) in the aggregate principal amount of $114,500, and received gross proceeds of $100,000 from the lender, Quick Capital, LLC (“Quick Capital”). The proceeds will be used for general corporate purposes. The Quick Capital Note (i) has a one-time interest charge of five percent (5%); (ii) is due and payable 90-days from issuance; and, (iii) can be converted into shares of the Company’s common stock upon an event of default, at a conversion price equal to the lesser of: (a) $0.01, or (b) 61% multiplied by the average of the two lowest trading prices for our Common Stock during the 20-days prior to the date of the conversion. In connection with, and as a condition to, the issuance of the Quick Capital Note, the Company also issued 5,725,000 shares of its common stock to Quick Capital. The Quick Capital Note and the shares of common stock were issued in reliance on the exemptions provided by Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder, and in reliance on similar exemptions under applicable state laws.


"As of June 30, 2020, we had assets of cash in the amount of $549,000 and other current assets in the amount of $42,000. As of June 30, 2020, we had current liabilities of $16,558,000. The Company’s accumulated deficit was $34,365,000, largely due to derivate liability treatments."

"As of June 30, 2019, we had assets of cash in the amount of $241,000 and other current assets in the amount of $521,000. As of June 30, 2019, we had current liabilities of $3,401,000. The Company’s accumulated deficit was $13,780,000, largely due to derivate liability treatments."

https://sec.report/Document/0001493152-20-014876/