Replies to post #110206 on Data443 Risk Mitigation Inc (ATDS)

[WalkInClouds]

They’re doing a reverse split dude. I’ve been here a long time and know this CEO pretty well. He has big plans and doesn’t care about current shareholders. The ones that get in after the RS will be ok though. Have to see how it dovetails with earnings. Can’t argue with numbers. If Jason has to borrow more money to pay the bills, which given his reported net losses is a foregone conclusion, shareholders here are screwed.
Some note holders took shares instead of cash. That’s more dilution. I think something like another half billion worth is coming. A reverse split is INEVITABLE and NECESSARY to Jason’s EGO. You cannot underestimate the man. He will get there.
Wow. He just announced it right now. Nasdaq, by hook or by crook!

[Sy-ATDS]

That is a very important point!

[Bubae]

What the....? They don't file a prospectus for a reverse split for Christ's sake. Jason makes all decisions for this company through his exclusive ownership of the class "A" preferred shares. Shareholders get no vote. I understand that he is also the ONLY board member. You are very fortunate that they filed this notice rather that the official 8K. They are probably waiting to see what share price does, but if it were me, I would take it down to 10 million outstanding, it only makes sense. They will absolutely reverse split in my opinion. Why Not!??! Hang onto that hope. LOL

://sec.report/Document/0001493152-19-016127/