Data443 Risk Mitigation Inc (ATDS)

[Sergee10]

He is also issuing notes to a hedge fund ???????. For some odd reason that doesn’t provide much information about . But he has been focused on signing new loans and if I recall he added 4-5 new lenders within a very short period of time and yet seems to somehow use the funds that were exchanged for convertible notes instantly and I mean instantly. He provides the lenders with some of the worst shareholder friendly terms and then complains that the company would need to raise more capital and equity in order to succeed. Which is very precious . We just paid off 10 million derivatives of notes and he has already diluted the stock ever since the rs happened . Like literally a day after it occurred and decided why not get Auctus funding to be a lender and. Receive 800k in exchange for a massive amount of shares at an exercisable price of 4.20 and were converting around 80k worth of notes within the first month of the rs . And adds a few other lenders at of course massive discounts on their convertible notes in exchange for receiving funds that were 100k here and there and then added the hedge fund to top it off . And was amazed that they didn’t wait to finalize the deal until after the 10q was released . But also adds in the 10q how they want to hire a cfo and board members but will need more funding in order to be able to pay them . Which at that point came to the realization that he used all of the funds that he has already received and chose to change his prioritization list and move adding a cfo and the rest of the board members further down the list