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WalkInClouds

02/23/21 9:26 PM

#110223 RE: jbnavy #110219

The way I understand it, it’s a mixed bag. The more shares you own pre RS split, means the more shares you’ll have post RS. The problem lies in the size of the RS. Anything from 10-1 to 100-1 wouldn’t be too bad but the size of the AS right now, was set for Jason to maximize it.
The recent debt holders electing to take their debt in shares of common stock, is also a mixed bag. On one hand you can say they believe in Jason enough to hold their shares a while longer. However those guys, if they choose to hold them through the reverse split, will have a very nice position post RS, merely due to the fact that they had so many shares to begin with as a percentage of whats outstanding. They have to have known Jason intended to uplist all along and must believe owning shares was way better than owning the debt even with a reverse split. The size of the reverse split will be done to meet NASDAQ uplisting requirements, so it will be much much higher than 10-1. That really cuts into smaller retail investors, but post RS they will have revalued according to the share price and size of the RS. Finding a accurate market cap will be the key. Once they’re on NASDAQ they’re the new kids on the block and who’s to say that the institutional investors wouldn’t be interested in buying a up and coming tech company that is first to market in their niche? Who the eff really knows For sure right?.
RELI is insurance and real estate. ATDS is tied to blockchain, data security and privacy, is used by governments at all levels down to state and local, educational, businesses in any sector, and basically by anyone needing to track and trace their data.
I had hoped that Jason would allow this to grow organically, give it a year to make sales, reduce debt and increase cash flows, and then uplist to a higher tier of the OTC, with the goal being a eventual Nasdaq uplist maybe 6 months to a year afterwards. That’s what would have been beneficial to current shareholders of ATDS IMHO. But then again, as alluded to by TROW and others, Jason could have a ace in the hole, have financial backing, a possible merger, and pull it all off in the end....
Feel free to correct me if I’m wrong. Any post RELI RS investors here care to chime in?
TIA - GLTA - WIC