Data443 Risk Mitigation Inc (ATDS)

[Bubae]

So the VP is also the CFO who has a pretty lucrative pay package including quarterly options awards which we discussed last week on this board. Those two form 4s are for "options" to buy and it wouldn't surprise me to learn that those big buys of the common the past 2 weeks was based on the notion that they actually bought in.

The fact is that they split this stock at the beginning of March which resulted in 125K outstanding shares. Weeks later Jason issued 800K new shares, most of which went into restricted status. These unregistered shares would require a 6 month holding period. If you look at the current outstanding share count increase it is where it was when it split about 1 million and the restricted share count is almost 1.5 million now. This is but a share selling scam and it appears to be much worse now.

There are many more to come because the 381K shares that Centurion received won't put but a dent in that $3.4 million ransomeware deal. The revenue is way off year over year so that software must be selling as poorly as PCMag rated it's effectiveness. Looks to me like Jason may be pulling his 4th reverse split in less than 4 years early into the new year. Watch the reduction in restricted share count for the timing. Jason has raised millions in the past selling shares at less than a dime so from here he is probably giddy with excitement. LOL Jason took the share price at the beginning of 2020 from the low $0.70s to a $0.01 in less than 4 months. Jason prints shares for free and that is the way that he conducts business.


March 2022 8:1 Stock Split 8K
https://sec.report/Document/0001493152-22-006663/

...The Certificate (i) reduced the number of authorized shares of common stock by a ratio of 1-for-8, resulting in one hundred twenty five million (125,000,000) authorized shares of common stock...

...Split was approved on March 7, 2022 and the Reverse Stock Split was effected on March 8, 2022...



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 shares issued for conversion of debt and interest.
> 108,000 shares to our CEO for conversion of Series A Preferred Stock.
> 146,291 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.


Form 4 Jason Remillard
https://www.otcmarkets.com/filing/html?id=16208361&guid=8SG-knIyAU7-B3h

Form 4 McCraw Greg
https://www.otcmarkets.com/filing/html?id=16208351&guid=8SG-knIyAU7-B3h