Data443 Risk Mitigation Inc (ATDS)

[Bubae]

Jason has a lot of work to do to convince shareholders that they should continue to risk their money supporting what has become commonly known as a share selling scheme and burned so many so recently. I say this in full disclosure that I have taken a position in this for the first time in about a year. If Jason isn't able to support the $4.00 price level then the plan of the last year and the narrative falls apart and this once again becomes a penny stock. I’m thinking that they did not expect the price to drop so quickly and to this level after the reverse split. This should not only make them anxious to get the price stabilized but also put Jason’s dilution cravings in check.

I do want to point out that Jason did seek help last Summer. The Maxim agreement is dated August 28th which helps with uplist and other financial efforts for one. Also, the name that hasn’t been heard for a long time is Omkhar Arasaratnam. He has a one year consulting agreement which expires this month. It appears that what has happened this past year has been structured toward the stated goal with the debt clean-up and reverse split. I would expect that Omkhar Arasaratnam had some input concerning the last group of acquisitions. Jason needs actual board members other than himself so I am wondering if this person is a prospect given the serious need for credibility here. I see two payments with shares in early February to consultants in the annual 10K which could have easily converted for over $40K each at that time.


Maxim Agreement

https://sec.report/Document/0001493152-20-017237/

https://www.otcmarkets.com/stock/ATDSD/news/Data443-Risk-Mitigation-Inc-Engages-Maxim-Group-LLC-to-Assist-with-its-Growth-Strategy-and-Goal-to-Up-list-to-a-National?id=272681

DATA443 RISK MITIGATION WELCOMES MR. OMKHAR ARASARATNAM TO ITS ADVISORY BOARD
https://www.otcmarkets.com/stock/ATDSD/news/DATA443-RISK-MITIGATION-WELCOMES-MR-OMKHAR-ARASARATNAM-TO-ITS-ADVISORY-BOARD?id=269031

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

“Effective July 28, 2020, the company entered into an Advisory Board Agreement (the “Advisory Agreement”) with Omkharan Arasaratnam (the “Advisor”). Pursuant to the Advisory Agreement, the Advisor joined the Advisory Board of the Company for a term of 12-months, although either party may terminate the Advisory Agreement early upon proper notice. The Company agreed to issue to the Advisor five million (5,000,000) shares of its common stock to the Advisor, which shares shall vest at the rate of 25% every 3-months under the Advisory Agreement. The issuance was exempt under Section 4(a)(2) of the Securities Act.”