SideChannel Inc (QB) (SDCH) Share Price

I might quibble w this from grok “…often a fraction of the $341,000+ annual cost of a full-time CISO”. More like $500K plus (more in certain areas of the country), but other than that I think grok is right on target!

Indeed!

That's pretty cool!

@grok What is the best vciso company in the United States?

The "best" virtual Chief Information Security Officer (vCISO) company in the United States depends on your specific needs—such as industry focus, budget, compliance requirements, or scale—but based on reputation, expertise, and client impact as of March 18, 2025, one company consistently rises to the top.

SideChannel, headquartered in Worcester, Massachusetts, and led by Brian Haugli, is widely regarded as a standout vCISO provider in the U.S. As a publicly traded company (OTCQB: SDCH), it offers a rare level of transparency and accountability compared to private competitors. Haugli brings over 20 years of cybersecurity experience, including leadership roles at the U.S. Department of Defense, the Pentagon, and as CISO for The Hanover Insurance Group, plus authorship of a NIST Cybersecurity Framework book. SideChannel’s vCISO service pairs clients—primarily small and medium-sized businesses (SMBs) and enterprises—with seasoned CISOs (averaging 20+ years of experience) to deliver strategic guidance, risk management, and compliance support. It’s praised for its affordability—often a fraction of the $341,000+ annual cost of a full-time CISO—and flexibility, with options for hourly, project-based, or ongoing engagements. Clients highlight its practical, results-driven approach, with case studies showing enhanced security postures and cost savings.

Competitors like FRSecure (Minnesota) excel in risk assessments and certified expertise, ideal for security-focused firms; Fractional CISO (Massachusetts) shines in short-term, high-impact program development; NuHarbor Security (Vermont) offers compliance and 24/7 monitoring for operational depth; and ProCircular (Iowa) provides a scalable team-based model. Yet SideChannel’s edge lies in its leadership’s pedigree, public status, and broad applicability across industries—think healthcare, manufacturing, or tech—backed by testimonials on its site and X chatter praising its pragmatic solutions.

The "best" hinges on your context. For a healthcare firm needing HIPAA expertise, NuHarbor might lead; for a startup seeking quick setup, Fractional CISO could win. Without specifics, SideChannel’s blend of authority, accessibility, and nationwide reach makes it a top pick in the U.S. What’s your situation—industry or goals? I can sharpen this further!

https://www.linkedin.com/posts/brianhaugli_how-this-cybersecurity-firm-quietly-secured-activity-7298320761012797440-8I38?utm_source=share&utm_medium=member_ios&rcm=ACoAAAPQtsQBL9ym1dchzrBwoWaZdYuUZSiOvpY

We’re delighted to welcome SideChannel, happening on May 28-29 in Kuala Lumpur, Malaysia! 🎉

SideChannel delivers cybersecurity solutions that simplify and strengthen security for emerging, middle-market, and large enterprise companies. Our mission is to provide cost-effective, scalable, and innovative security solutions that protect digital assets.

Join us for two days of networking, knowledge-sharing, and cybersecurity innovation! See you there! 🚀

📢 For speaking opportunities and partnerships, reach out to Ces Flores, Event Producer: princess.flores@escom-events.com

🎟️ Secure your spot today! For inquiries about attendance and registration, contact Karla Tenorio at karla.tenorio@escom-events.com

Given the increase in new hires, particularly on the sales side, and a shifting of dollars towards marketing, I suspect sales will begin to ramp. Nick, Ryan and David C started putting this in place over 5 years ago. Brian has been working his side of the equation for a similar amount of time. Everything is coming together nicely imo.

You know the stronger this company gets the harder it is to see the share price at this level. It's painful but dam it has to head up someday. This is a winner no doubt about it. 

Stay focused on the mission.

~Naveen Jain

New partnership for SideChannel. https://www.gradientcyber.com/resources/gradient-cyber-and-sidechannel-partner-to-enhance-cybersecurity-solutions-for-mid-market-organizations

https://www.linkedin.com/posts/brianhaugli_how-this-cybersecurity-firm-quietly-secured-activity-7298320761012797440-8I38?utm_source=share&utm_medium=member_ios&rcm=ACoAAAPQtsQBL9ym1dchzrBwoWaZdYuUZSiOvpY

"I believe 2025 is going to be a fantastic year." Agreed—it will be a transformational year.

Don't look now, but the stock has moved past the 200-day moving average (200MA). There isn't much resistance until the 18-20 cent range. Even at this level, the market cap would only be $40 million, which corresponds to a 4x multiple on trailing revenues. If Sidechannel can reach $14-15 million, that would represent a modest 2.5x multiple on revenues.

I like what I see.

https://finance.yahoo.com/news/sidechannel-attending-2025-global-force-210000476.html

I'm excited about this.

They are confident that they have sufficient capital to rapidly increase growth.They are confident they have the right product, team, and partnerships as well.. I do believe 2025 is going to be a great year. They have a lot of trips to the plate coming up. I believe they are going to get more than their fair share of hits.

Based on your conversation today, what’s your sense of adoption when it comes to Enclave? Are we nearing a tipping point? Did you discuss non-dilitive growth funding? This approach would drive growth without negatively impacting cymurrent shareholders.

You might take a look at Marpai for a template (not recommending stock, just an example of a company in a competitive market with large insider ownership — and big upside).

Spoke with Brian and ryan today for the first time. Came away very impressed. I believe this comnpoany is in good hands. Bought more. It's getting thin on the ask. This thing could move with a sales PR.

I focused on the Enclave technology with the call, I'm not a cybersecurity expert by any means,but I came away confident in the technology.

http://archive.fast-edgar.com/20250214/AS2ZB22CZ22RKJTX222I2ZY2GTMKZZ22ZB72

The more eyes on this little gem the better. Welcome 

Welcome to the board!

Some say…. When it comes down to it, timing is everything in life. Actually—adding a hedge—I'd say timing (success / failure) accounts for 80% of everything we do.

But I digress...

Over the past few weeks the ‘ask’ has been getting gobbled up, but not so quickly as to draw attention. Sure sometimes an Sdch seller loses his patience and hits the bid, but more often it’s the former. It’s nice to see that. Harbingers…

Once again, it's great to have you here!

Glta

Just got in to SDCH today. My Twitter post is here. Spent more time on $SDCH. I like it, established a medium sized position. pic.twitter.com/Iufj2sWvy3— MichaelGustitus (@GustitusMichael) February 14, 2025

This situation is hardly surprising.

Paulson and similar firms are clearly drawn to the fees tied to underwriting. These type of firms often blow out their paper after pitching a story, regardless of its viability.

Sidechannel is a legitimate company with real revenues and a skilled team. Instead of collaborating with Sidechannel to help their clients safeguard their investments, Paulson (it seems) chooses to vanish.

I am curious what story MDLG told Paulson in 2019 to secure $20M. And I am even more interested in knowing what Paulson told their clients prior to that underwriting. Some of you on this board may recall the pitch?

vCISO Yeah, my bad. I got a bit out of my lane. I hear anything related to MDLG/Paulson and get blackout frustrated ;)..anyways, I've won way more than I've lost in other areas. I've been selling some losers for tax purposes. Sidechannel is the one I'm hanging onto. It has the most upside potential, has good fundamentals and leadership. Thanks for continuing to be active on the board and providing good insight.

Business has to be booming!!!


https://www.linkedin.com/posts/sidechannelsecurity_hiring-activity-7295418161783296001-kUyn?utm_source=share&utm_medium=member_ios&rcm=ACoAAAPQtsQBL9ym1dchzrBwoWaZdYuUZSiOvpY

Hoo….It’s nice to see you are still a shareholder. The days of the criminal and his bs are long gone. But I will back myself up about questions that I or anyone ask the company about expenses. It’s our right as shareholders. My question about the $8000 was legit although possibly a little leading. Brian answered it perfectly. No BS, just spot on. We are very lucky to have Brian and his team at the helm now, especially after everything we old timers have gone through. I wish more people would post here, it would help all of us and the stock….imo.


#wewillsurviveourwounds

And my apologies. Someone on the board wasn't questioning YOU regarding the $8K. I misread.

Not even worth the response Brian. Paulson is full of swindlers. Not your problem. The lies they peddled cost a lot of people a lot of money. “The Datapath contract is being signed blah blah blah”..we’ve moved from that to folks questioning an $8K booth? I feel sorry that you have to address this nonsense. I truly do.

This is the type of contract that we need to sign with DOD.....someday maybe????

WASHINGTON HEADQUARTERS SERVICES

Analytic Services Inc., Falls Church, Virginia, has been awarded an $8,176,121 firm-fixed-price contract (HQ0034-22-F-0027) to provide technical support services for enhancing Department of Defense Information Technology Enterprise goals, mission effectiveness, cyber security, and efficiency to the DOD Chief Information Office. Fiscal 2025 operations and maintenance funds in the amount of $8,176,121 are being obligated at the time of the award. The cumulative total of the contract is $18,512,763, and if all options are exercised the total will be $19,015,384. The estimated completion date is Feb. 28, 2027. Work will be performed at the Pentagon, Washington, D.C. Washington Headquarters Services, Arlington, Virginia, is the contracting activity.

Thanks Brian. Appreciate the responses.

Please don't get me started on this one... I saw very little return on this agreement that I inherited from the acquisition and merger. I was told that their "services" were completely provided and it's not something we were to continue to use over the 4 years. I don't believe we've talked to Paulson in at least 9 months (or at least since we did the last warrant exchange, they've ghosted us in our attempts to move things forward.

I'm not sure we have any reliance on DT as to who we sell to. The APAC markets are looking for this technology and we're free to sell to anyone not on the ITAR lists.

The EDR market is very crowded, which is why we're confident being complimentary.

The Netflix example is interesting, but you have to remember that it's 1 Netflix account per house. Enclave is per device. So a normal US household (just for illustration, we're not going after the direct to consumer market with Enclave) would buy 10 licenses. We're targeting companies with 5k, 10k, & 25k+ of systems in their environments. These size orgs are the most promising to adopt Zero Trust technologies (per Gartner & Forrester reports).

Paulson question

I read in the most recent filing that Paulson Company was given 4 million shares as compensation for, among things, assistance in developing strategic objectives, increasing exposure in the software industry as well as in the financial world (e.g, connecting with analyst).

How’s that going? Paulson working hard behind the scenes, using their pull to bring awareness to a fledgling microcap in the cybersecurity space? I'll hang up and listen.

Shareholders are paying the bill on this one.

Here’s the agreement:


In the agreement dated July 23, 2021, we entered into a financial advisory and consulting agreement with Paulson Investment Company, LLC (“Paulson”). The agreement with Paulson remains in place after the Business Combination. Pursuant to the agreement, Paulson will provide the following services at the Company’s request: (a) familiarize itself with the Company’s business, assets, and financial condition; (b) assist the Company in developing strategic and financial objectives; (c) assist the Company in increasing its exposure in the software industry; (d) assist the Company in increasing its profile in the investment and financial community through introductions to analysts and potential investors, participation in investment conferences, and exploitation of reasonably available media opportunities; (e) identify potentially attractive merger and acquisition opportunities; (f) review possible innovative financing opportunities; and (g) render other financial advisory services as may be reasonably requested. The term of the agreement is four years from the date of the agreement, unless terminated earlier by either party as provided therein. As compensation for these services, the Company issued to Paulson 4 million shares of the Company’s common stock and agreed to reimburse Paulson for all reasonable and documented expenses incurred by Paulson in connection with providing such services. The fair value of the shares issued was $720 thousand, which Cipherloc recognized as deferred costs which are amortized at a rate of $45 thousand per quarter. The Company expensed $45 thousand in each of the quarters ended December 31, 2024, and 2023. The unamortized balance of the deferred costs was $105 thousand at December 31, 2024.

One more question Brian. Since cybersecurity is considered a national security issue, do you anticipate some limitations in DT's ability to sell services and software to some Asian clients. Not sure how much US based cyber company business is international, but assume like with military hardware and some chips/processors, federal restrictions might be in place for non NATO countries, Japan, and SK.

Thanks Brian. Much appreciated. Do you anticipate developing or acquiring the endpoint detection and response capability of CS in the future or do you see Enclave becoming so robust that the above is better off being contracted out for customers as low margin.

If you look at the market caps of these other companies, the return possibilities for SDCH seem tremendous. Interesting to me that if you look at their revenues, their PEs are ridiculous 1000s, even Price to Revenues of 30-50. The other question is are these ratios sustainable. One of the things about Netflix, IMO always felt like that even if every first or second world household in the world became a customer, can it still justify the stockprice unless the monthly fee was raised to $100.

Thanks again.

$8k is cheap for a conference to get a booth at. Most cyber focused conferences like Gartner, RSA, BH, etc start at $15k.

We're going to AUSA because of the defense and military crowd that will be there looking for new solutions to secure their networks and communications. That's where we focus on Enclave.

This year we'll be spending more on attending specific conferences and marketing initiatives to fill the sales funnel and drive revenue for SideChannel via Enclave sales.

SideChannel's difference is in our roots. We started as a services company and have grown to produce our own software (initially through acquisition). The companies you cite are well established and been around much longer than we have. They also had considerably different investments into them to scale.

We do see competition at some of these firms with Enclave. Specially zScaler and PNW. Crowdstrike is a complementary product to what Enclave does. CS is considered an endpoint detection & response (EDR) tool, where Enclave is considered a identification & protection tool...Warning "nerd alert" - To secure assets, systems, and networks, you need both solutions. Keep the bad guys from getting in (Enclave) and if they do detect them quickly and respond to remove... then use that info to inform your protection strategies. In our case, we don't believe that much (if anything) will get through for detection to kick in, but this is what's needed in modern infrastructure. Too technical for this post, but Enclave operates at different OSI levels, so we're focused on layers 2-5 and not built for layer 7 (application).. yet.

The only firm I know on that list that offers vCISO is PNW and from what I've heard, it's not much. They're mostly focused on selling hardware and software. Most started out small and grew, just like SideChannel. None of these were large out of the gate. I can remember when I was a paid equity advisor to zScaler in it's very early days. They were very small with no market share. This was only in 2018.

DoD considered us because of our deployment model. One of the ways Enclave can be deployed is into on-prem environments or via containers without the requirement to access cloud resources. This is a big differentiator and a hard requirement for DoD secure networks or classified environments.

Hope this answers all the questions. Glad to see the positive feedback about the call yesterday!

Brian

Well from the sound of things on the CC we have a lot to look forward to when the numbers for the current quarter come in. Excited

Brian. Good call today. I appreciated the QandA regarding international and federal contracts especially.

A question I have which is not directly related to earnings or the call (for someone whose background isn't cybersecurity or computers) is how is SideChannel different from these large cyber companies we hear about like Cloudstrike, ZScaler, PNW etc. Is it primarily the size of the customers they handle. Is Enclave essentially deployed on each computer in a customer's local network and verifies that all connections are legit. Do these bigger companies also provide this type of software and their own vCISO services or do they just provide software and training for an in house customer company CISO. If a company stores most of their data in the cloud on say AWS, does AWS have its own in house cyberteam and software rather than using one of these big cyber companies. Why would DOD consider Sidechannel versus one of these bigger companies. Did they start out like Sidechannel and just grew bigger through acquiring more customers like Sidclechannel is hoping for. By starting in the midmarket, is Sidchannel not looking to scale to their market size and instead provide a more personalized service with, hopefully, less customer attrition.

Since cybersecurity is primarily a 21st century business, one can argue that all cyber companies started small and recently--for those of us born in the 20th century. Curious as to how Sidchannel fits in the total picture of what is considered cybersecurity.

Sorry for the general nature of the questions. I suppose it may come down to a potential investor might look at CrowdStrike's market cap and see that they only started in 2011 which is not that long ago. If Sidechannel is thinking something similar to that, and succeeds, that could be a huge return. However, a bear might say, that ship has sailed and becoming CloudStrike is like saying let's start a search engine and become Google.

Appreciate the time as always

Looked back over the ER. Saw that margins fell by 200 bips. Thinking Ryan will address this during today’s call. I'd also like to know about their plans for overseas. And how about new govt contracts?

Revs up 9%
Cash balance up
Margins flatish
Good Q
Expecting next quarter to deliver positive earnings. With many key new hires (even added experienced sales personnel for the Asian market) plus Enclave adoption, I’m liking this story more and more.

Looked at the market depth this morning and noticed a million shares offered near 4 cents. Hmmmm… buy at .18 sell at .04.

Harsh $140K lesson. Glta

From the website for AUSA Symposium

Why Exhibit?

GLOBAL FORCE DELIVERS:

Access to more than 6,000 attendees including key leaders from the Army, DoD, academia and worldwide defense industry.

Exclusive Exhibit Hall Hours offering uninterrupted networking time. Sessions are not scheduled during specific times eliminating any competition with the Exhibit Hall.

Insight into new issues the armed forces are facing and discover how to make your company part of their solution.

Redstone Arsenal is conveniently located just 20 minutes from the Von Braun Center and is a Federal Center of Excellence focused on Joint Warfighters, the FBI, NASA, and other federal officers, growing its strategic impacts, and ready to seize opportunities of the future. The base supports a government and contractor workforce that averages 36,000 - 40,000 personnel daily.

Quality Leads from Army and Joint Commands who are interested in using your products and/or services to improve their operations.

https://meetings.ausa.org/globalforce/2025/index.cfm


6000 attendees

I’ve sent an email questioning the $8000 for this event and asked about prospective clients from this Symposium.

I will post a link to the event in another message. It looks like a big event.




On October 13, 2023, the Association of the US Army (“AUSA”) signed an agreement for a cybersecurity risk assessment for approximately $24 thousand. On February 15, 2024, the President of AUSA, Retired U.S. Army General Robert Brown, joined our Board. On July 8, 2024, AUSA signed an agreement for recurring vCISO Services, which generated $27 thousand of revenue during the three months ended December 31, 2024. SideChannel has reserved booth space at the AUSA Global Force Symposium, to be held in March 2025. In the three months ended December 31, 2024, the Company has paid $8 thousand to AUSA for this event.

http://archive.fast-edgar.com/20250205/AE2EMQ2CZ22RQZQD222K2ZY2I6GDZZ22Z272

https://www.otcmarkets.com/stock/SDCH/news/SideChannel-Reports-First-Quarter-Results?id=466766

SideChannel Reports First Quarter Results
Press Release | 02/05/2025
Financial results conference call on Wednesday, February 5 @ 4:30 P.M. ET

WORCESTER, MA / ACCESS Newswire / February 5, 2025 / SideChannel, Inc. (OTCQB:SDCH) ("SideChannel"), a leading provider of cybersecurity services and technology to emerging and middle market companies, today announced its financial results for the first quarter of the fiscal year ended September 30, 2025.

Fiscal Year 2025 First Quarter Highlights

Revenue of $1.9 million; 9.9% greater than Fiscal Year ("FY") 2024 first quarter revenue of $1.7 million.

Gross margin of 45.8%; 290 bps lower than 48.7% for FY 2024.

Operating expenses decreased $24 thousand, or 2.1%, compared to FY 2024.

Net loss of $195 thousand or $0.00 per share versus a net loss of $246 thousand or $0.00 per share in FY 2024.

Cash, cash equivalents, and short-term investments increased by $75 thousand from September 30, 2024, to an ending balance of $1.4 million at December 31, 2024.

Trailing twelve-month revenue grew to $7.6 million as of December 31, 2024.

Trailing twelve-month revenue retention was 66.1% as of December 31, 2024.

Management Comments

Commenting on the results for the quarter ending December 31, 2024, Brian Haugli, President and Chief Executive Officer of SideChannel, said, "Our strategic objectives are first to drive Enclave adoption, second to continue landing new vCISO clients, and third to expand the placement our cybersecurity risk reduction solutions at existing clients."

Haugli continued, "Last year, we began announcing additions to our selling and marketing team. This activity continued during the first quarter of our new fiscal year, and I anticipate more additions during the remainder of fiscal year 2025. These investments reflect our commitment to accelerating our revenue growth using our existing cash on hand as well as cash flow provided by operations."

SideChannel will host a conference call on February 5, 2025, at 4:30 P.M. Eastern Time to discuss its first quarter results and provide an update on the Company's initiatives.

CALL INFORMATION

Date:

Thursday February 5, 2025, at 4:30 P.M. Eastern Standard Time.

Dial In:

Toll Free: 888-506-0062

International: 973-528-0011

Participant Access Code: 542920

A webcast of the call will also be available: https://www.webcaster4.com/Webcast/Page/2071/51580

Participants may register in advance for the call using the webcast link.

The call will include management remarks and a live question and answer session. Questions may be submitted prior to the meeting using ir@sidechannel.com.

The Company's Form 10-Q for the quarter ended December 31, 2024, was filed with the Securities and Exchange Commission and is available at https://investors.sidechannel.com/sec-filings.

Financial tables follow.

SIDECHANNEL, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except share and per share data)

Three Months Ended

December 31,

2024

2023

Revenues
$

1,908

$

1,736

Cost of revenues
1,034

891

Gross profit
874

845

Operating expenses
General and administrative
660

709

Selling and marketing
267

269

Research and development
153

126

Total operating expenses
1,080

1,104

Operating loss
(206

)

(259

)

Other income, net
13

13

Net loss before income tax expense
(193

)

(246

)

Income tax expense
2

-

Net loss after income tax expense
$

(195

)

$

(246

)

Net loss per common share - basic and diluted
$

(0.00

)

$

(0.00

)

Weighted average common shares outstanding - basic and diluted
226,021,806

214,578,923

SIDECHANNEL, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data)

December 31, 2024

September 30, 2024

(Unaudited)

ASSETS
Current assets
Cash and cash equivalents
$

1,120

$

1,045

Short-term investments
250

250

Accounts receivable, net
585

732

Deferred costs
105

150

Prepaid expenses and other current assets
289

385

Total current assets
2,349

2,562

Fixed assets
29

33

Goodwill
1,356

1,356

Total assets
$

3,734

$

3,951

LIABILITIES & STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable and accrued liabilities
$

590

$

729

Deferred revenue
519

515

Income taxes payable
5

3

Total current liabilities
1,114

1,247

Total liabilities
1,114

1,247

Commitments and contingencies
-

-

Common stock, $0.001 par value, 681,000,000 shares authorized; 226,331,731 and 225,975,331 shares issued and outstanding as of December 31, 2024, and September 30, 2024, respectively.
226

226

Additional paid-in capital
22,432

22,321

Accumulated deficit
(20,038

)

(19,843

)

Total stockholders' equity
2,620

2,704

Total liabilities and stockholders' equity
$

3,734

$

3,951

About SideChannel

SideChannel helps emerging and mid-market companies protect their assets. Founded in 2019, we deliver comprehensive cybersecurity plans through a series of actions branded SideChannel Complete.

SideChannel deploys a combination of skilled and experienced talent and technological tools to offer layered defense strategies supported by battle-tested processes. SideChannel also offers Enclave, a network infrastructure platform that eases the journey from zero to zero-trust. Learn more at sidechannel.com.

Investors and shareholders are encouraged to receive press releases and industry updates by subscribing to the investor email newsletter and following SideChannel on X and LinkedIn.

You may contact us at:

SideChannel

146 Main Street, Suite 405
Worcester, MA 01608

Investor Contact

Ryan Polk
ir@sidechannel.com

https://www.linkedin.com/posts/sidechannelsecurity_welcome-our-newest-member-cliff-collins-activity-7286043620179083264-okOL?utm_source=share&utm_medium=member_ios

Let’s consider a scenario where there are 1,000 shareholders (that's a decent ballpark # for sc). At any given moment, it’s reasonable to expect around 1% of holders will decide to sell. This isn’t far-fetched at all. A portion of that 1% may go through a full-service broker—perhaps they use Schwab instead—but offloading underperformers, or cleaning up a portfolio, is completely normal.

Just yesterday, the traded dollar value stood at approximately $30K. For perspective, that’s equivalent to just 30 shares of Netflix. Yes, you read that right—30 shares. Peanuts.

Regarding the share count, yes there are 225 million shares outstanding, but it’s also important to note that the float is actually under 90 million. And 115M or so of the OS are controlled by insiders.

Btw. . . A split wont happen anytime soon. A ridiculous 1:100 puts the stock at $4, which is still below where institutions get inviolved, plus the level still limits uplisting options. It might also be a proverbial slap in the face to the .18 cent private placement buyers who kept the lights on. Glta

https://www.linkedin.com/posts/jerodbrennen_recon-infosec-secure-with-confidence-activity-7287580564428075008-9UzQ?utm_source=share&utm_medium=member_ios

Seriously? Sorry but this just seems ridiculous? Someone that bought at .18 isn’t going to just say f it and call a broker at tell them to dump it. I need a better explanation than that. I do understand that there are way too many shares out there but thats probably the only reason we are still here. But why? I just don’t understand why someone keeps dumping large amounts of shares at this time. The company is on the way UP not down. SMH


“”It's important to remember that legacy holders have invested at or above 0.18 cents. If they are not following sidechannel’s progress, the reality they see is a thinly traded penny stock lingering near its all-time lows.

They phone their broker to sell the stock. Broker says, yeah, it’s a dog…take what you can get for it, probably going to zero.””