Data443 Risk Mitigation Inc (ATDS)

[Bubae]

Only 750,000 shares total outstanding

One of the basic requirements for a NASDAQ up-list is a minimum of 1 million publicly traded shares of common stock. That 750K OS number is an indication of how badly shareholders got hammered with the latest reverse split. The stock has closed below the $4 minimum two days since this article ran. As a matter of record Data433 has not met independent board or other corporate governance requirements. Jason holds voting control with his exclusive ownership of 150K class "A" preferred shares and independently makes all decisions for the company. Jason serves as CEO and CFO since January 2020 so they don't even have a normal corporate structure.

If anyone believed this was actually going to the NASDAQ it wouldn't be trading where it is. What everyone is really waiting for is the details for the latest acquisition target Centurion Technologies. What other acquisition targets does he have in focus and how many shares will it cost. Share sales through the acquisition and promotion of ineffective products has been the model for a couple of years and two reverse splits. That is it in a nutshell.


NASDAQ process and requirements.

http://www.legalandcompliance.com/wp-content/uploads/2011/12/LC-Whitepaper-NASDAQ-Listing-Requirements.pdf