Data443 Risk Mitigation Inc (ATDS)

[Bubae]

Get ready BC, I'm going to try and unwrap my new thinking on this. I bought yesterday morning until ten o'clock and accumulated some more today. I have been looking for an entry this week and hoping for a retest of $4.00. That came for me yesterday morning and I have taken a nice position in this.

I went looking for how Blue Citi come to acquire the "Smea2z Note" last Sunday evening and found that Sergee was actually correct though couldn't point to it. I have been looking for the notes by name as I have documented in my DD and couldn't find where they were satisfied. I discovered that the "Smea2z Note", the “Granite Note”, and the Unnamed “Lender” note that I believe would convert this summer had been wrapped up in the Blue Citi deal dated February 12th. That deal consisted of $1.6 million in debt converted to shares. If you look at the chart you will see the price drop rapidy on high volume shortly after that with the conversions. If Blue Citi still has any of those shares they would be seriously under water themselves.

Now I look at the Triton deal which raised another million dollars cash for Jason from conversions during the first couple of months of the year. Also, you likely remember what I always referred to as the cartel of four who had agreed in December to hold off their conversions through January. At that time the purported value of that debt represented 83% of the outstanding debt. The Triton conversions and I'm sure the debt cartels have been satisfied.

The Triton deal and the recent Auctus note represent a bit over $1.5 million in cash. For what purpose Jason raised these funds is currently unknown to me.

So with all these conversions and negatives known to traders at that time they still piled into this driving the price to just under .04 pre-split. All during the time I railed about the outstanding conversions, debt, and how Jason works this stock but none the less they converted shares nicely well over .02. So now with all this debt out of the way and the reverse split done, I couldn't talk myself out of loading up my own pile of this stinky shit in the very low .002's pre-split. How is it possible that traders valued this easily in the .03s ($60.00) with all that was going on and now justify selling below $4.50 now with those negatives removed. Not pumping this stock and never will. Jason can't be trusted in my opinion but surely there is a bounce to be taken advantage of here.






ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

A. Blue Citi Notes.

On February 12, 2021, Data443 Risk Mitigation, Inc. (the “Company”) entered into the Blue Citi Notes Settlement Agreement, with an effective date of February 8, 2021 (the “Blue Citi Agreement”), with Blue Citi LLC (“Blue Citi”). Pursuant to the Blue Citi Agreement, the Company and Blue Citi agreed, among other things, to (i) a fixed conversion price for each of the convertible variable price notes issued by the Company in favor of Blue Citi (collectively, the “Blue Citi Notes”); and, (ii) settle all disputes regarding the Blue Citi Notes and mutually release each other from all claims and liabilities arising under the Blue Citi Notes (other than the payment and conversion obligations under the Blue Citi Notes...

With regard to each of the respective Blue Citi Notes, the Company and Blue Citi further agreed as follows:

The “Credit Line Note” held by Blue Citi

https://sec.report/Document/0001493152-20-021394/

(i) Convertible note in the original principal amount of Two Hundred Thousand Dollars ($200,000) issued on 08 January 2020 shall have a fixed conversion price of $0.01, resulting in the issuance of 20,000,000 shares upon conversion.

(ii) Convertible note in the original principal amount of Twenty Five Thousand Dollars ($25,000) issued on 01 July 2020 shall be nullified in full and be deemed to be zero, and be of no further force and effect.

“July Blue Citi Note”

https://sec.report/Document/0001493152-20-021394/

(iii) Convertible note in the original principal amount of One Hundred Fifty Thousand Dollars ($150,000) issued on 01 July 2020 shall have a fixed conversion price of $0.01, resulting in the issuance of 15,000,000 shares upon conversion.

“August Blue Citi Note”

https://sec.report/Document/0001493152-20-021394/

(iv) Convertible note in the original principal amount of Two Hundred Thousand Dollars ($200,000) issued on 03 August 2020 shall have a fixed conversion price of $0.005, resulting in the issuance of 40,000,000 shares upon conversion.

Unnamed the “Lender” The Note may be prepaid in whole at any time up to and until the 6-month anniversary of the Note, Maturity date August 28, 2021.
https://sec.report/Document/0001493152-20-017237/

(v) Convertible note in the original principal amount of Three Hundred Thousand Dollars ($300,000) issued on 24 August 2020 shall have a fixed conversion price of $0.005, resulting in the issuance of 60,000,000 shares upon conversion.

The “Granite Note” Maturity date 30 September 2021

https://sec.report/Document/0001493152-20-018919/

(vi) Convertible note in the original principal amount of Three Hundred Twenty Five Thousand Dollars ($325,000) issued on 30 September 2020 shall have a fixed conversion price of $0.015, resulting in the issuance of 21,666,667 shares upon conversion.

The “Smea2z Note” Maturity date 30 June 2021

https://sec.report/Document/0001493152-20-022064/

(vii) Convertible note in the original principal amount of Four Hundred Thousand Dollars ($400,000) issued on 17 November 2020 shall have a fixed conversion price of $0.0035, resulting in the issuance of 34,285,714 shares upon conversion.

"As of April 26, 2021, the Company has sold to Triton 166,666,667 shares of its common stock pursuant to the CSPA, and which shares were registered under the S-1. All sales occurred during the three month period ended March 31, 2021 and resulted in the receipt by the Company of net proceeds in the amount of $807,852.69. The Company is owed $83,895.00 by an unrelated third party for shares of our common stock acquired from Triton."

"Pursuant to the Purchase Agreement, Auctus purchased from the Company a Senior Secured Promissory Note (the “Note”) in the aggregate principal amount of $832,000.00 (the “Principal Amount”), and delivered gross proceeds of $750,000.00…"