Data443 Risk Mitigation Inc (ATDS)

[Sergee10]

Centurion was only making just over a million dollars in revenue and that was based on unaudited results and also didn’t account for the companies expenses either . I would imagine that centurion would have needed some form of assurance in regards to the funding ability of which the company must have provided something with much more substance , especially with the fact that a large chunk will be paid over a 5 year period. So I am under the impression that this acquisition was based on much more than atds and its current cash flow situation. Because if it were based off of that then I would highly doubt that the deal would have ever been completed . This is just my personal opinion and an upfront payment of 250k is all fine and dandy but it wouldn’t account for the assurances and the ability of Atds being able to produce the remainder of the 5 year contract obligations. So I do believe that centurion was provided more reassurances to get them to sign the contract .