Data443 Risk Mitigation Inc (ATDS)

[Bubae]

Jason has diluted retail over two reverse splits and with the recent share additions to the point where they are fairly inconsequential. By design in my opinion so that he and Centurion can have much of the selling to themselves. Why is this legal? They will cut themselves as many new shares as they need to cash Jason out of his series "A" shares and to pay for that $3.4 million Centurion deal. How could this be worth any more as a NASDAQ listing given the circumstances of poor product acquisitions and the new debt. Time will catch up with his acquired worthless product stack and he knows it. Traders are crazy if they don't believe another split is in the future when the price is dumped back to a buck again.


NOTE 15: SUBSEQUENT EVENTS
Subsequent to March 31, 2022, the Company issued 807,663 shares of common stock as follows:

>380,952 shares to Centurion Holdings LLC as part of the acquisition (see Note 1).
>160,416 shares issued for conversion of debt and interest.
>108,000 shares to our CEO for conversion of Series A Preferred Stock.
>46,291 shares issued under a registration statement on Form S-8, to employees and consultants for services.
>7,200 shares issued for a restricted stock award.
>4,804 shares to debt holders for commitment obligations.



Outstanding Shares 867,084----10/29/2021
Outstanding Shares 945,316----11/30/2021----+78,232
Outstanding Shares 981,149----12/31/2021----+35,833
Outstanding Shares 1,063,068---02/28/2022--- +81,919

Post split 8:1 right back to nearly 1 million
Outstanding Shares 776,120 04/29/2022
Outstanding Shares 954,561 05/31/2022