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Monday, August 20, 2018 9:44:58 AM
"Lol give him it. He’s saying they can’t secure their own token" - Where did i say anything about them not able to "secure their own token". What happened to them stealing them and moving them to an offshore account with the name of Mark on the account and now they cant even get to them?
"then why did you leave out the As of June 30, 2018?" - Because it is not important.
https://www.investopedia.com/terms/o/operating-activities.asp
Operating activities are the functions of a business directly related to providing its goods and/or services to the market.
https://www.marketwatch.com/press-release/blocksafe-technologies-first-to-market-with-cybersecurity-solution-for-crypto-wallets-2018-07-10
As of June 30, 2018 CryptoDefender had not been released. So "BlockSafe had no operating activities"
"it says right there as of June 30, 2018 blocksafe hasn't done a damn thing. Nothing, no operating activities, and no tokens....." - So nope. Operating activities does not mean they were doing nothing. It only means there were not doing "business directly related to providing its goods and/or services to the market"
Before you say i didnt speak to the "There is no assurance as to whether, or at what amount, or on what terms, tokens will be available, if ever." - "As of June 30, 2018" was also before the SEC approved the STO.
Also read from https://ih.advfn.com/p.php?pid=nmona&article=78090230&symbol=SFOR:
Between January 2018 and June 2018, BlockSafe issued promissory notes payable to fifteen unrelated parties aggregating $665,500 (see Note 4). The notes mature one year from the date of issuance, are unsecured, and bear interest at 8% per annum. As part of each promissory note agreement BlockSafe agreed to pay a financing obligation to the note holders equal to the note principal in cryptocurrency tokens to be issued by BlockSafe. At June 30, 2018 and through the date of filing, BlockSafe has not developed or issued any tokens and there is no assurance as to whether, or at what amount, or on what terms, tokens will be available to be issued, if ever. Nonetheless, management determined an obligation is bundled with the note agreements and determined that 100% of the face amount of the promissory notes, or $665,500, is probable of being settled. Accordingly, the Company recorded a liability for $665,500 as a financing obligation.
"BlockSafe has not developed or issued any tokens and there is no assurance as to whether, or at what amount, or on what terms, tokens will be available to be issued, if ever." - not a fan of "or at what amount, or on what terms" but there isnt much i can do about that.
"It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so." - Mark Twain
https://www.brainyquote.com/quotes/quotes/m/marktwain109624.html
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