Data443 Risk Mitigation Inc (ATDS)

[Bubae]

Where did Jason manage to find a group of investors to put up $1.00 a share for 829K shares? They must see the share dump already in place. Jason took 108,000 of common shares for himself but that likely just puts a small dent in the value of the 150K of Series "A" shares that he owns. According to the 2021 S-1 filing he claimed a ratio of 15,000 :1 of the common to his series "A" shares.

For the quarterly period ended September 30, 2022
https://www.otcmarkets.com/filing/html?id=16200180&guid=2aG-kKevTCFAB3h

Common stock

On August 25, 2022, Data443 Risk Mitigation, Inc initiated a private placement transaction with certain “accredited investors,”...

...we offered and sold to the Investors a total of 829,000 shares of our common stock, par value $0.001 at a purchase price of $1.00 per share...

...private placement exemption from registration provided by Section 4(a)(2) of the Securities Act and by Rule 506 of Regulation D, promulgated thereunder and on similar exemptions under applicable state laws. The Offering closed November 4, 2022, and we will issue the shares to the investors in due course...

As of September 30, 2022 and December 31, 2021, 1,078,173 and 122,044 shares of Common stock were issued and outstanding, respectively.


From the June 2021 S1 filing
https://sec.report/Document/0001493152-21-013614/

"Our sole director and chief executive officer has the ability to control all matters submitted to stockholders for approval, which limits minority stockholders’ ability to influence corporate affairs."

"Our sole director and chief executive officer, Jason Remillard, holds 150,000 shares of our Series A Preferred Stock (each share votes as the equivalent of 15,000 shares of common stock on all matters submitted for a vote by the common stockholders), and as such, Mr. Remillard would be able to control all matters submitted to our stockholders for approval, as well as our management and affairs. For example, Mr. Remillard would control the election of directors and approval of any merger, consolidation, or sale of all or substantially all of our assets."