Data443 Risk Mitigation Inc (ATDS)

[Bubae]

Jason has issued so many shares that these deals are fairly meaningless for traders. Whatever volume is generated by the many press releases will be soaked up by the share conversions in place. This has been Jason's routine for years. Acquisition news to generate some volume and space from which to sell into the bid. The filings show the shares issued just the month of March listed below and has been doing this every month.

The March 23rd 8K filing turned the regulation "D" offering that is now vested from $1 a share to $.02 a share. That is in excess of 46 million shares that needs to be converted to cover nearly $1 million. This is just a bottomless pit of share conversions that is a trap for any retail that plays with it in my opinion.

Looking at the relatively small amounts raised on each transaction for March you have to wonder how bad the cash flow situation is. This is how you go from more than $10 a share to a 52 week low of .025 in less than a year after the 3rd split in less than 3 years..



For the quarterly period ended March 31, 2023
https://www.otcmarkets.com/filing/html?id=16655167&guid=_Zu-kK05OdBTB3h

On March 2, 2023, we issued 245,000 shares of Common Stock to Mast Hill Fund pursuant to an agreement with Mast Hill Fund, in exchange for $2,020 in note payable principal and $430 of accrued interest.

On March 3, 2023, we issued 220,139 shares of Common Stock to GS Capital Partners LLC pursuant to an agreement with GS Capital Partners LLC, in exchange for $2,900 in note payable principal and $471 of accrued interest.

On March 3, 2023, we issued 235,992 shares of Common Stock to One44 Capital, LLC pursuant to an agreement with One44 Capital, LLC, in exchange for $3,300 in note payable principal and $313 of accrued interest.

On March 7, 2023, we issued 273,081 shares of Common Stock to One44 Capital, LLC pursuant to an agreement with One44 Capital, LLC, in exchange for $3,800 in note payable principal and $364 of accrued interest.

On March 9, 2023, we issued 245,000 shares of Common Stock to Mast Hill Fund pursuant to an agreement with Mast Hill Fund, in exchange for $2,205 in note payable principal and $997 of accrued interest.

On March 10, 2023, we issued 302,030 shares of Common Stock to One44 Capital, LLC pursuant to an agreement with One44 Capital, LLC, in exchange for $4,200 in note payable principal and $406 of accrued interest.

On March 23, 2023, we issued 310,125 shares of Common Stock to One44 Capital, LLC pursuant to an agreement with One44 Capital, LLC, in exchange for $4,300 in note payable principal and $429 of accrued interest.