BTCS Inc (BTCS)

[cjstocksup]

New 8K filing hit in the middle of the night. BTCS merger news can hit anytime. Let them chase to dollars anyday now.
At 3:00am eastern time an announcement Dec20,2017
A fresh form 8-K filed to the SEC!

“On December 14, 2017, the Board of Directors (the “Board”) of BTCS Inc. (the “Company”) agreed to pay Charles Allen, its CEO, and Michal Handerhan, its COO, cash bonuses of $75,000 and $35,000, respectively, or collectively $110,000 for fiscal year 2017. The Company further agreed to pay Charles Allen and Michal Handerhan contingent cash bonuses of $175,000 and $75,000 respectively, collectively $250,000 (the “Contingent Bonus”) which will be deemed earned on the earlier of i) the closing of a merger approved by the Board, ii) the closing of one or many financings in 2018 totaling over $1.25 million in gross proceeds, or iii) the Company having cash and digital assets valued over $1.5 million. Provided further that the Contingent Bonus if deemed earned will only be payable if the Company has at least $1.25 million in cash and digital assets prior to paying the bonuses.

The bonuses were approved by the disinterested members of the Board at a Board meeting where Charles Allen participated but abstained from the vote. Michal Handerhan was not present at the Board meeting and a quorum was comprised of Charles Allen, David Garrity and Jonathan Read.”