Replies to post #112393 on Data443 Risk Mitigation Inc (ATDS)

[Bubae]

They receive $600K from the note. There is a $150K OID which is essentially fees etc. It just simply comes down to more shares and those of course are printed for free.

8K December 7th
https://www.otcmarkets.com/filing/html?id=16253877&guid=SYP-kK7YUF2pJth

This Note is subject to the following additional provisions:

Upon the execution and delivery of this Note, the sum of $600,000.00 shall be remitted and delivered to, or on behalf of, the Company, and $150,000.00 shall be retained by the Holder through an OID (original issue discount) (the “OID”) to cover the Holder’s accounting fees, monitoring, and other non-legal transactional costs incurred in connection with the purchase and sale of this Note.