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Re: I_Am_Ram post# 206921

Monday, 08/20/2018 1:36:52 PM

Monday, August 20, 2018 1:36:52 PM

Post# of 235079
Can you show me where the $665,500 is shown as being used as revenue? Looks to me like is was classified as a notes payable. Or are you referring to something different from BlockSafe?

https://ih.advfn.com/p.php?pid=nmona&article=78090230
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.

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