Monday, January 24, 2022 8:19:11 PM
I'm sure development costs are high and it does come with a customer base. The devil is in the details of the "note" and I haven't seen it yet. If this were trading $6 to $7 like it should in my opinion, it wouldn't be a big deal. If they actually had a chance for the NASDAQ up-list and the S1 executed, again no big deal... “If Ifs And Buts Were Candy And Nuts, We’d All Have A Merry Christmas”
Centurion 8K filing
https://sec.report/Document/0001493152-22-002091/#index.html
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On January 19, 2022, Data443 Risk Mitigation, Inc., a Nevada corporation (the “Company”) entered into an Asset Purchase Agreement (the “Purchase Agreement”) with Centurion Holdings...
.... In exchange for the Assets, the Company paid to Centurion (i) $250,000 payable in cash, (ii) $2,900,000 payable pursuant to a five year promissory note issued by the Company in favor of Centurion, which accrues interest at a rate of 8% per annum and (iii) $250,000 in the form of a contingent payment, as further described in the Purchase Agreement.
Data443 Completes Acquisition of Leading Ransomware Recovery and Data Extortion Mitigation Platform, Centurion SmartShield
PUBLISHED
JAN 20, 2022 8:00AM EST
https://www.nasdaq.com/press-release/data443-completes-acquisition-of-leading-ransomware-recovery-and-data-extortion?utm_content=195050607&utm_medium=social&utm_source=linkedin&hss_channel=lcp-11414733
"...Trusted by customers worldwide with over 3 million licenses deployed, Centurion will deliver valuable intellectual property and patents, customers, and extensive partner portfolio and integrations to Data443...."
Everything that I post is just my informed opinion and is simply an invitation to debate. Trade on your own due diligence please..
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