Replies to post #110571 on Data443 Risk Mitigation Inc (ATDS)

[rawsteel]

Maybe not but they have voted to if they want the best I understand but couldn't before the 20 calendar days is up. Is that the way you read it

Pursuant to Rule 14c-2 of the Exchange Act, the actions described herein will not become effective until at least twenty (20) calendar days following the date on which this Information Statement is first mailed to our stockholders of record. This Information Statement will be mailed on or about February 24, 2021 to our stockholders of record as of the Record Date.




(2) That the Board be authorized to implement through the amendment to our Articles of Incorporation a reverse stock split of the Company’s Common Stock by a ratio of not less than 1-for-10 and not more than 1-for-2,000, (the “Reverse Split”), at any time prior to the one year anniversary of the filing of the Definitive Information Statement, with the Board having the discretion to determine whether or not the Reverse Split is to be effected, and if effected, the exact ratio for the Reverse Split within the above range.


The consents that we have received approving the Authorized Common Stock Reduction and the Reverse Split constitute the only stockholder approval required under the NRS, our Articles of Incorporation, as amended, and our Bylaws. Accordingly, the Authorized Common Stock Reduction and the Reverse Split will not be submitted to the other stockholders of the Company for a vote.



The accompanying Information Statement, which describes the Authorized Common Stock Reduction and the Reverse Split in more detail, is being furnished to all our stockholders for informational purposes only, pursuant to Section 14(c) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Stockholders of record at the close of business on the Record Date are entitled to receive this Information Statement.



Pursuant to Rule 14c-2 of the Exchange Act, the actions described herein will not become effective until at least twenty (20) calendar days following the date on which this Information Statement is first mailed to our stockholders of record. This Information Statement will be mailed on or about February 24, 2021 to our stockholders of record as of the Record Date.

[Wayne R]

the R/S is not set in stone. they announced it but they got a year to enact on it.

Funniest thing I've heard today. They WILL reverse, sooner than you think and it will be bigger than you imagined.

JMO

Prolly happen before the end of the month, but again, JMO

[Bubae]

Yeah, Jason won't split the stock after releasing a "preliminary" notice to shareholders. They have been very careful communicating the shareholder value destruction in recent months. It is coming, and when shareholders complain to the SEC or whoever,the company will simply point to the filings.