SideChannel Inc (SDCH)

[22rover]

I continue to believe the tender offer for outstanding warrants is a positive development, but I'm perplexed by Paulson’s lack of support for the stock. The good news is, with a TAM of $500 billion, even *bad* cybersecurity should do fine. Not that side channel falls into that camp. Quite the contrary actually, as SDCH has real revenues, no debt, a viable product in Enclave, and a stellar management team.

For the uninitiated, Knudson & Company found the story compelling enough to serve as the placement agent for not one, but *two* offerings. The first offering, back in 2019, was set at $1.00. They were generous enough to let their best clients, who, incidentally are in the hole a cool 96%, take down the entire offering. More recently, Knudsen came back with another offering at .18 cents, leaving that lot of investors with an 80% drawdown.

Now, keep in mind, I wasn't around for the De La Garza reign vis a vis Cipherloc, so I'm not in at nosebleed levels, but I still can't understand how/why Knundson & Co got tangled up with DLG.