================================================== whatdidimiss Tuesday, 04/10/18 05:49:34 PM Re: BRATTLECAM post# 40791 Post # of 79062
Due Diligence - 8K UNAUDITED RESTATED FINANCIALS 04-09-18
I'm long LDSR.
I encourage those who own this stock to read the restated financials. And compare to the original.
The 1.5 Billion Shares owned by the Chinese Company was disclosed in the supplemental disclosure (on OTC Markets), not in the Financial Statements (restated here), so that could still be an issue. It may or may not be.
Below are restated and/or new items:
The convertible note of $125,000 is convertible at the option of the holder (Emry Capital - see below, and Shareholder Advocates, Inc.) at $.0001/share which is 1.25 Billion Shares. The note is from 2008.
The prior financials stated it was convertible at $.00005/share which is 2.5 Billion Shares. This note says it is interest bearing. Prior financials said it was non-interest bearing.
$1,000,000 in Long-Term debt has been added due to a loan from Emry Capital (again, before 2008). It states "The North Carolina Company ignored the inclusion of debt of $500,000 which has now been restated..."
It states they have employment agreements with key employees Eric Chan (this may be Eric Yang) and Colm King. They are not Data443 employees. They were Landstar employees.
It is signed by Zoran Cvetojevic, Preferred Shareholder. Not Jason Remillard, like the original 12/31/17 financials. Zoran is listed on multiple businesses that have loans or equity stakes from Emry Capital.
Worst case it is not good news. Or maybe it's a dispute and/or lawsuit waiting to happen.
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