Data443 Risk Mitigation Inc (ATDS)

[Bubae]

yeah, 241 shares traded today, pretty pitiful showing. Jason is servicing $1,114,000 in the two Auctus financing notes so he needs to move some paper monthly. He also is servicing that $1.4 Arcmail deal. He will have Matt crank out some more PRs when the need arises. Jason also has a lot of those class "B" preferred that he created November 2020. That was a pool of 80,000 shares priced at $10 that convert after 6 months with very nice terms. If I were to buy heavily into this those are the shares I would want.

One thing that has always been true with this company, if they are promoting they are selling shares. I'm anxious to see how bad that Centurion deal will be for shareholders here. I believe this was the reason for the reverse split and he plans to drop a load on it. Another product that surely won't be worth the inevitable shareholder losses. Same game, new group of investors.

https://sec.report/Document/0001493152-20-022832/

“The conversion price shall be 61% multiplied by the lowest trading price for the Company’s common stock during the twenty (20) days of trading ending on the latest complete trading day prior to the conversion date.”


https://sec.report/Document/0001493152-20-024298/

Series B Preferred Stock

As of March 31, 2021 and December 31, 2020, 22,200 and 5,300 shares of Series B were issued and outstanding, respectively. Each share of Series B (i) has a stated value of Ten Dollars ($10.00) per share; (ii) are convertible into common stock at a price per share equal to sixty one percent (61%) of the lowest price for the Company’s common stock during the twenty (20) day of trading preceding the date of the conversion; (iii) earn dividends at the rate of nine percent (9%) per annum; and, (iv) generally have no voting rights.

https://sec.report/Document/0001493152-21-018448/

During the six months ended June 30, 2021, the Company issued a total of 33,210 shares of Series B preferred stock as follows

> 26,650 shares for $266,500, less $16,500 financing fees.

> 6,560 shares in exchange for convertible note and accrued interest of $65,600