Data443 Risk Mitigation Inc (ATDS)

[Bubae]

I have said before that this is an OTC stock that is masquerading as something else at the moment. What that is isn't clear but have found myself interested enough to buy a stake and see what happens. I am not new to losses so if it breaks what I consider support I will dump quickly. If it breaks current support the NASDAQ angle goes with it as well. While this may not attract the typical OTC trader it appears that the rate at which they are bailing has leveled off for now even with those interested.

You have to admit what is going on doesn't make sense. They are pushing the NASDAQ narrative but have only conducted the reverse split but cleaned up the debt situation considerably. If they want to continue the story they will need to defend the $4.00 price level and reveal other steps that are being taken and fix their corporate governance issue and Jason's controlling interest. They will "especially" above all need to convince the market that they have a product that is actually performing and profitable because share selling schemes aren't NASDAQ material.

None the less they are pushing the story line along with Maxim to include the recent S1 fund raising through the sale warrants. So I have to ask what is with all the fund raising about. What is with the S1 filing, the $750K Auctus note and the $million raised in the Triton share selling deal?

I regard Seeking Alpha articles articles as print directly from the company. But it is the only information available aside from the filings to get a hint of what they are up to. In the article they talk about their new product but I automatically dismiss this because of Jason's history and credibility of the publication. If the subject matter were printed somewhere of substance it would get some real traction. So it goes on to emphasize the NASDAQ angle but again without a product that replaces share selling as the primary source of income it doesn't work. They do suggest increasing income.

The intrigue is fun and I have followed this stock to long not to get a little caught up. Something is clearly going on and I have decided to put some money on the table and play a hand or two. Could Jason have actually pulled off a blind squirrel stunt and found a product that works? The speculation could make this a nice flip like the old days.


https://seekingalpha.com/instablog/21922151-bioresearch-alert/5612516-fast-growing-data443-what-every-cybersecurity-company-needs-data443-users-cannot-be-held



https://www.sec.gov/Archives/edgar/data/1068689/000149315221013614/forms-1.htm