SideChannel Inc (SDCH)

[22rover]

Read the 10Q today.

Some important numbers.

62,000,000

212,000,000

Shares outstanding increase of better than threefold from March 2022 to current.

4,000,000 non-assessable shares, gifted to Paulson for their role as placement agent (nice work if you can get it).

Incidentally, Paulson Company also acted as placement agent for another Cipherloc offering, back in 2018. That one was for close to $20M, with shares offered at $1.00.

Scoreboard:
Paulson’s best clients are down over 90% on the first offering.

As for the April 2021 offering, Paulson clients are down close to 70%.

But Paulson Co is doing fine. I’m sure they are on the offer, peddling their gratis shares. Of course I could be wrong, but where else is this paper coming from since this stock has an otherwise tight float.

But rest assured, if the SdCh principals and Paulson clients look to cash in on their shares, the stock needs to climb north of .18cents.

Back to the business….

Balance sheet looks good. Management is executing.