Data443 Risk Mitigation Inc (ATDS)

[Bubae]

Jason probably already cashed out that 108,000 shares at a penny. The date exercisable on the form 4 was 11/15/2017 which would probably be the date of the series "A" shares. Then there is the balance of the 800K shares issued two weeks after the reverse split earlier this year. Add another 931K shares with the new regulation "D" offering at a dollar. That is a lot of shares to get into the market before he needs another cash infusion to keep this tragedy operating. I don't know if even an annual reverse split will keep this going.

Where is the SEC when a business model is so clearly and simply about selling shares? The unloading of his controlling series "A" shares tells me that Jason himself admits that this is not sustainable. Looking at the volume for the past 10 days and it appears that traders are still buying into the story. Keep watching that restricted, unrestricted, and held at the DTC counts as it changes before the next date with the reverse split.




Form 4 April 2020
https://www.otcmarkets.com/filing/html?id=15751388&guid=02KwkegWbj3TB3h



For the quarterly period ended March 31, 2022
https://sec.report/Document/0001493152-22-014062/

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 sharesissued 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.

Regulation "D" Offering 8K

https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=117039830&type=HTML&symbol=ATDS&companyName=Data443+Risk+Mitigation%2C+Inc.&formType=8-K&formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&dateFiled=2022-11-07&CK=1068689

...with each Investor pursuant to which we offered and sold to the Investors a total of 931,000 shares of our common stock, par value $0.001 (the “Common Stock”), at a purchase price of $1.00 per share, for aggregate gross proceeds of approximately $931,000. We intend to use the net proceeds from the sale of the Common Stock for general corporate purposes....