Data443 Risk Mitigation Inc (ATDS)

[Bubae]

Jason released a S-8 filing April 2022, "Amended and Restated Articles of Incorporation" where it appears to try and absolve himself and others of the coming money grab. It would appear to try and help cover what he would be doing for the next year, that being to take this stock down from north of $10 to a 52 week low of less than 3 cents. In any other universe other than the OTC stinky pinks this would be obvious fraud in my opinion.

This is a great example of how the SEC sanctions this sort of activity as long as the crooks file the proper paperwork. As long as they file the debt deals for conversions Jason can do this all day long. He can split the stock again for the fourth time in four years, and continue to do this all day long as long as traders line up to buy the stock. This will only stop when those who enter into the convertible note deals can no longer find hapless traders to unload the shares on for a profit. Sunlight on this SOB is the only sanitizer.

Form S-8 April 27th 2022
https://www.otcmarkets.com/filing/html?id=15755599&guid=B2A-kF02DfImB3h

tem 6. Indemnification of Directors and Officers

Our Amended and Restated Articles of Incorporation (our “Articles”), provide to the fullest extent permitted by the Nevada Revised Statutes, that our directors or officers shall not be personally liable to us or our stockholders for damages for breach of such director’s or officer’s fiduciary duty. The effect of this provision of our Articles is to eliminate our rights and our stockholders’ rights (through stockholders’ derivative suits on behalf of our company) to recover damages against a director or officer for breach of the fiduciary duty of care as a director or officer (including breaches resulting from negligent or grossly negligent behavior), except under certain situations defined by statute. We believe that the indemnification provisions in our Articles are necessary to attract and retain qualified persons as directors and officers.