BTCS Inc (BTCS)

[Elptxcowboy7]

I’ve been in this since before their reverse split in February and have added a little here and there since. So believe me I want this merger to go through. According to them if he merger doesn’t happen Allen and Handerhan are going to leave the company. This is from page 4 of their S-1/A filed on 11/29/17:

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.

Charles Allen, our Chairman, Chief Executive Officer and Chief Financial Officer and Michal Handerhan our Chief Operating Officer have both notified the Company that in the event the Company is unable to consummate the proposed merger with an Australian entity they intend to terminate their employment and resign as officers and directors of the Company, which would have a material adverse effect on us.