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Re: Baffic post# 206929

Monday, 08/20/2018 2:42:45 PM

Monday, August 20, 2018 2:42:45 PM

Post# of 235079
Actually it is kind of comical.

In June 2018, the former CEO of BlockSafe resigned, and the Board of Directors appointed two members of the Company’s management team to serve as BlockSafe’s CEO and Chief Technical Officer, respectively. Additionally, the Company’s CEO was appointed as Chairman and President of BlockSafe.



BlockSafe is owned 49% by the Company and 31% by three executive officers of the Company, which combined represents an 80% controlling interest in BlockSafe.



I doubt "using" SFOR's offices as in each has 2 separate offices. Hahaha.

Troubling part is the large amount. How much can rent be in NJ for the current office? $5k a month? $10k - that would seem high but then that leaves $26k for utilities and salaries. Let's say $7k each ($21k / 3), that a fair salary? $100K a year each.

10k - rent
5k - utilties and operating?
21k - salaries