Data443 Risk Mitigation Inc (ATDS)

[rgdphd]

"These shares shall be only used for a merger purposes and, following the merger, these restricted shares will be placed in escrow with an agent in the USA. LDSR management hopes to complete the merger without increasing its current float or free trading share structure, and diffuses any ideas from public about the possibility of the reverse stock split. No such actions are planned nor warranted. The "no reverse stock" policy of LDSR remains undisturbed, and no stock reversal of any kind is planned or contemplated. "

Ok, you underlined several words. First, let me underline "hopes". That is a term used intentionally to keep it vague and not approachable in legal proceedings. Second, the reverse split. With 8.8B at some point outstanding and in the float (I am giving the benefit of the doubt and assuming a 2-5 year period for the restriction), a reverse split for the company becomes inevitable, especially if it wants to get to levels above OTCBB (assuming it gets there first). Third, the use of "policy of LDSR". There was a no dilution policy in place (according to their PR) last fall, but obviously that was recinded very quickly. What makes you believe that this no RS policy won't go the same fate?

After the failed merger last year in which they set aside a billion plus shares for, why didn't they cancel those? What guarantee is there that this won't happen again and you won't see 8.8B outstanding?

If they PR'ed pigs can fly, would you believe it? I am surprised at the lack of objectivity sometimes, and the dominance of naivite.