Replies to post #111463 on Data443 Risk Mitigation Inc (ATDS)

[Birch69696969]

What I say is who was the person that really got the money? Probably not a chinaman!!!!!

[BullMarket34]

Who knows what his reasoning was. He’s a complete POS.

[Bubae]

This is nothing more than a distraction at the time, and now frankly. It looks like they paid $65K to make the issue go away. You should be complaining about all the recent conversions needed to keep this scheme running. The quick capital deal was like payday loan in January for general corporate expenses that indicates a cash flow issue. Th "Auctus note" created in April, who knows where that money is going.

https://sec.report/Document/0001493152-21-006652/

"On January 25, 2021, pursuant to the terms and conditions of a Note Purchase Agreement, the Company issued a Convertible Promissory Note (the “Quick Capital Note”) in the aggregate principal amount of $114,500, and received gross proceeds of $100,000 from the lender, Quick Capital, LLC (“Quick Capital”). The proceeds will be used for general corporate purposes. The Quick Capital Note (i) has a one-time interest charge of five percent (5%); (ii) is due and payable 90-days from issuance; and, (iii) can be converted into shares of the Company’s common stock upon an event of default, at a conversion price equal to the lesser of: (a) $0.01, or (b) 61% multiplied by the average of the two lowest trading prices for our Common Stock during the 20-days prior to the date of the conversion. In connection with, and as a condition to, the issuance of the Quick Capital Note, the Company also issued 5,725,000 shares of its common stock to Quick Capital. The Quick Capital Note and the shares of common stock were issued in reliance on the exemptions provided by Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder, and in reliance on similar exemptions under applicable state laws."


https://sec.report/Document/0001493152-21-009857/

On 23 April 2021, Data443 Risk Mitigation, Inc. (the “Company”) entered into and closed a financing transaction pursuant to the terms and conditions of a Securities Purchase Agreement (the “Purchase Agreement”) with Auctus Fund, LLC, a Delaware limited liability company (“Auctus”). Pursuant to the Purchase Agreement, Auctus purchased from the Company a Senior Secured Promissory Note (the “Note”) in the aggregate principal amount of $832,000.00 (the “Principal Amount”), and delivered gross proceeds of $750,000.00 (excluded were legal fees for Auctus and a transaction fee charged by Auctus). The Note is secured by a security interest in the assets of the Company and its subsidiaries, pursuant to the terms and conditions of a Security Agreement (the “Security Agreement”). Timely payment under the Note is further secured by the issuance of a Common Stock Purchase Warrant (the “Second Warrant”) to Auctus for 110,933,333 shares of the Company’s common stock at an exercise price of $0.0075, exercisable only in the event of a default under the Note.

[Sturgis]

If you were here from the beginning. Then you would have seen the manipulation right at the get go. The shares have been manipulated ever since. Then add in the problems with the NC company/Nev company BS. And then the Chinese shares and you end with creating shares and selling shares to stay alive. Pretty simple.