LANDSTAR Inc/SH (OTCMKTS:LDSR), now going under the name DATA443 Risk Mitigation, Inc., has been soaring higher out of deep sub-penny levels. The real catalyst here, originally sparking the stock into gear to start February, was the company’s announcement of its contributions to the cryptocurrency “Ripple”. LDSR has powered over 600% higher since then, with new catalysts starting to enter the picture last week.
To wit: the company just announced that its recent acquisition – ClassiDocs – has won prestigious industry awards for GDPR Compliance, Data Classification and Governance in the 2018 Cybersecurity Excellence Awards. According to the release, “The Cybersecurity Excellence Awards are organized and managed by the team at Cybersecurity Insiders – the same group that manages the 400,000+ member information security technology professional LinkedIn group. The organization also produces numerous webinars and deep industry research for all facets of information security.”
LANDSTAR Inc/SH (OTCMKTS:LDSR), aka DATA443 Risk Mitigation, Inc., casts itself as company that was formed December 2017 to identify whitespace existing in the security offerings of competitors and fill those gaps with self-developed and/or acquired technologies to offer to the market.
To that end, the company has a growing R&D team and an active acquisitions and financing team – both of which act quickly on targeting opportunities (both customer & acquisition candidates) to quickly bring to market. Primary focus is on current and next generation cyber security product offerings – for cloud and on premise consumption.
According to company materials, “DATA443 Risk Mitigation, Inc. (OTCPK:LDSR) (https://www.data443.com) is a technology company that is actively developing and acquiring cyber-security products & service offerings that are central to blockchain, cyber data security, GDPR, compliance and governance capabilities. The Company develops its own technologies and has an active acquisitions program in place.”
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As noted above, this is a sub-penny mover that has jumped onto the radar of OTC traders over the past few weeks following an announcement tying to the company, at least to some extent, to Ripple. More recently, the company announced that its recent acquisition called ClassiDocs has received recognition from the Cybersecurity Excellence Awards for GDPR Compliance, Data Classification and Governance. The stock appears to be toting around a giant trading float, which makes this move even more impressive on some levels.
“This is validation for the whole team. The volume of support we received from the community surprised us but does match the feedback we get from clients and partners – that the ClassiDocs product set is an on-point technology that facilitates many requirements of the upcoming GDPR legislation and provides for a unique and feature-rich Data Classification and Governance solution,” stated Mr. Remillard, CEO of DATA443 Risk Mitigation, Inc. today.
“Congratulations to DATA443’s product team for being recognized as the gold winner in three categories: Data Classification and Data Governance. The GDPR category – a new one this year – had the ClassiDocs GDPREngine product place first also as a gold winner,” said Holger Schulze, CEO of Cybersecurity Insiders and founder of the 400,000-member Information Security Community on LinkedIn that organizes the awards program. “With over 400 entries in more than 70 categories, the 2018 awards are highly competitive and all winners truly reflect the very best in today’s cybersecurity industry.”
Traders will note nearly 870% during the past month in terms of shareholder gains in the listing, but that move comes in the context of a larger bearish trend. This is emblematic of the stock. LDSR has evidenced sudden upward volatility on many prior occasions. Moreover, the stock has registered increased average transaction volume recently, with the past month seeing 62% above its longer-run average levels.
Now commanding a market cap of $22.9M, LDSR has virtually no cash on the books, which is balanced by about $125K in total current liabilities. The company is pre-revenue at this point. You can bet we will update this one again as new information comes into view. Sign-up for continuing coverage on shares of $LDSR stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $LDSR, either long or short, and we have not been compensated for this article.