Replies to post #86972 on Data443 Risk Mitigation Inc (ATDS)

[Zani]

This is correct.

Going Concern



The consolidated financial statements accompanying this Annual Report have been prepared on a going concern basis, which implies that our company will continue to realize its assets and discharge its liabilities and commitments in the normal course of business. Our Company has generated very limited revenues since inception and has never paid any dividends and is unlikely to pay dividends or generate earnings in the immediate or foreseeable future. The continuation of our company as a going concern is dependent upon the ability of our company to obtain necessary financing to achieve our operating objectives, and the attainment of profitable operations. As of December 31, 2018, our Company has an accumulated deficit of $21,003,544. We do not have sufficient working capital to enable us to carry out our plan of operation for the next twelve months.

[TROW]

You're not telling the whole picture here.

Accumulated deficit has about 6 mill plus from the old LDSR days.

The other major chunk of that debt is BC's notes under the derivative liability of 12,447,109. The reporting period ended on December 31 when the shareprice was much higher around the 60 sub penny area.

That liability is cut in a third right now due to the share price being down here.

This further validates my point that Jason wants the SP down here while he gets the shell cleaned up. It also validates why he has underplayed his hand to this point.

It's that simple.... sell if you want. I will continue to add.