LANDSTAR Inc/SH (OTCMKTS:LDSR) has continued to move in a parabolic manner in its current remarkable advance. The company is moving to tie itself to a number of new initiatives, with its relationship with the Ripple crypto coin as a key driving force. Shares have moved over 900% higher in the past few weeks with very little rest or break.
The company just announced a new partnership with N8 Identity Inc., a company that frames itself as “a market leading software and services provider headquartered in Burlington, ON Canada.” According to the release, “in addition to developing and marketing the Employee Lifecycle Manager software, N8 Identity also provides a fully managed IAM services capability for many leading organizations in Canada and abroad. Privately funded and operated, N8 Identity Inc. continues to develop capabilities in the Cloud Identity Governance marketplace.”
LANDSTAR Inc/SH (OTCMKTS:LDSR), aka DATA443 Risk Mitigation, Inc., casts itself as a 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. The primary focus is on current and next-generation cybersecurity product offerings – for cloud and on-premise consumption. ClassiDocs’s unique implementation of Machine Learning enables organizations to quickly train the algorithms with native business-based datasets – seamlessly for all involved. This provides a data rich environment for the Machine Learning algorithms to learn upon – widely known as one of the most expensive parts of machine training – dataset training has been effectively reduced to zero effort and cost.
The company further maintains that ClassiDocs is “the only Data Classification & Governance platform that provides organizations with a GDPR compliance interface that facilitates queries required to complete PII-based searches across data files (unstructured) and databases (structured) data sets – for the whole enterprise. Having the only endpoint-based classification engine – this unique unified view portal gives organizations a full view and search capability across their whole data estate – Network, Workstation and Cloud – resulting in significantly reduced costs.”
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, the company just formed a new partnership with a cloud player that has apparently already helped to spark another leg to this incredible rally.
“Every segment in this space is highly competitive – where everyone is looking for the next technical and market advantage. The N8 Identity team has developed, delivered and supported millions of seats of Identity and Access Governance products for almost two decades worldwide. We are proud to be associated and working with such a strong and capable team,” stated Data443 Risk Mitigation, Inc. CEO & President Jason Remillard.
“Data443 delivers an industry leading GDPR solution via its Data Classification & Governance product – ClassiDocs. Leveraging this solution stack with our products in the Cloud Identity & Governance market segment gives us a significant advantage for our major clients,” added N8 Identity CEO & President Jay O’Donnell.
Recent action has seen nearly 1900% during the past month in terms of shareholder gains in the stock, a rally that has pushed up against longer standing distributive pressure in the stock. That said, LDSR is a stock with a past that has featured a litany of sudden rips to the upside. Moreover, the listing has seen a growing influx of trading interest, with the stock’s recent average trading volume running 180% over what the stock has registered over the longer term.
Now commanding a market cap of $63.2M, 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.