Data443 Risk Mitigation Inc (ATDS)

[Bubae]

It is remarkable that it is perfectly legal to create an online business who's purpose is to steal as long as you comply with the SEC filing requirements. It is clear that the business model here is to sell shares since Jason hasn't created anything that contributes to shareholder value since conception. While real software companies in this space have evolved to experiment with AI, Jason simply continues to purchase products from others that have failed to find their market. Even after the massive dilution and price drop from north of $10, they would have us believe that they needed to borrow funds from Jason for expenses then repay him at a 100% premium. How does that not violate typical usury laws. This is arguably the scummiest ticker in the OTC.


For the fiscal year ended: December 31, 2022
https://www.otcmarkets.com/filing/html?id=16432850&guid=NYA-kq6Mr6aUAch

NOTE 16: RELATED PARTY TRANSACTIONS

During the year ended December 31, 2022, the Company borrowed $299,281 from our CEO, our CEO paid operating expenses of $167,653 on behalf of the Company and the Company repaid $602,237 to our CEO. During the year ended December 31, 2021, the Company borrowed $231,150 from our CEO, our CEO paid operating expenses of $135,793 on behalf of the Company and the Company repaid $399,169 to our CEO.