I'm thinking those $.30 options are just for show as were the options at $1.70. I doubt Jason will be happy trying to pound out cash at this level. He needs more days like December 12th with a daily volume of 137K shares traded at around a buck. The big tell then was despite the volume the price didn't increase. Traders seem to always believe that they are catching a bottom on this and Jason just takes it lower to capture even more speculators. Then he splits and begins again with a fresh share structure. It is my opinion that Jason has no scruples when it comes to robbing even private placement investors.
On August 25, 2022, Data443 Risk Mitigation, Inc initiated a private placement transaction with certain “accredited investors,” as defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended and such investors. In connection with the Offering, we entered into a securities purchase agreement with each Investor pursuant to which we offered and sold to the Investors a total of 829,000 shares of our common stock, par value $0.001 at a purchase price of $1.00 per share, for aggregate gross proceeds of approximately $829,000. The Common stock has not been registered under the Securities Act, and may not be offered or sold in the United States absent effective registration or an applicable exemption from registration requirements. For these shares, we are relying on the private placement exemption from registration provided by Section 4(a)(2) of the Securities Act and by Rule 506 of Regulation D, promulgated thereunder and on similar exemptions under applicable state laws. The Offering closed November 4, 2022, and we will issue the shares to the investors in due course.
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