BTCS Inc (BTCS)

[Jerm17]

What do you make of this from the S-1?

“We have no other officers and only two other directors . The simultaneous loss of Charles Allen, our Chairman, Chief Executive Officer and Chief Financial Officer, and Michal Handerhan, our Chief Operating Officer, would have a material adverse effect on us. Their Employment Agreements permit them to resign for Good Reason which includes non-payment of salaries beginning on December 22, 2017. This would result in the Company owing them $435,000 and would leave the Company without officers or employees which may have a material adverse effect upon us.”

If no merger then no more company?? They are burning $millions every month so there is no money to pay salaries without a merger.

It also says there is enough to get through April 2018 so maybe I’m reading into things too much. Thoughts?