Lol give him it. He’s saying they can’t secure their own token... how are they supposed to secure anything if they can’t even secure a token. The formula for making these things is out there. Thousands of cryptocurrencies have been made. The problem is they are leaning on one guy to do something he doesn’t know how to do. Waller and Kay have no clue what they’re doing software wise and all the other Blocksafe higher ups are running away as fast as they can. Leaving Ram. They’re asking Ram to learn how to code something he doesn’t understand. It sounds like he’s built the coin but has no idea how to make it not replicable. Which means anyone can go mine one of these things and replicate it over and over. Killing all progress they’ve made and essentially screwing over their note holder as I’m sure they agreed to accept a defined amount of coins in exchange for their loans.
All this ever was, was a ploy to fluff revs and bring in cash by screwing someone else over.... Its Kay’s pattern
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142992704 "Lol give him it. He’s saying they can’t secure their own token" - Where did i say anything about them not able to "secure their own token". What happened to them stealing them and moving them to an offshore account with the name of Mark on the account and now they cant even get to them?
"then why did you leave out the As of June 30, 2018?" - Because it is not important. https://www.investopedia.com/terms/o/operating-activities.asp Operating activities are the functions of a business directly related to providing its goods and/or services to the market.
"it says right there as of June 30, 2018 blocksafe hasn't done a damn thing. Nothing, no operating activities, and no tokens....." - So nope. Operating activities does not mean they were doing nothing. It only means there were not doing "business directly related to providing its goods and/or services to the market"
Before you say i didnt speak to the "There is no assurance as to whether, or at what amount, or on what terms, tokens will be available, if ever." - "As of June 30, 2018" was also before the SEC approved the STO.
Also read from https://ih.advfn.com/p.php?pid=nmona&article=78090230&symbol=SFOR: 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. At June 30, 2018 and through the date of filing, BlockSafe has not developed or issued any tokens and there is no assurance as to whether, or at what amount, or on what terms, tokens will be available to be issued, if ever. Nonetheless, management determined an obligation is bundled with the note agreements and determined that 100% of the face amount of the promissory notes, or $665,500, is probable of being settled. Accordingly, the Company recorded a liability for $665,500 as a financing obligation. "BlockSafe has not developed or issued any tokens and there is no assurance as to whether, or at what amount, or on what terms, tokens will be available to be issued, if ever." - not a fan of "or at what amount, or on what terms" but there isnt much i can do about that.
Forward looking investors make money trading this....not those always looking backwards. Buying after earnings has been rewarding for me. Of course it depends on when you sell to be a profitable trade.
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