Mr. Kay setup a great deal with CSI/ACS, and yes a
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Posted On: 01/29/2018 12:08:25 AM
Mr. Kay setup a great deal with CSI/ACS, and yes another brilliant move by the retired JPM Chase Exec!
Until September 30, 2020, even if the Asset Purchase Promissory Note is paid in full, SFOR gets 15% for GID/MT and 20% /PID, of ACS net sales.
After 30 SEP 2020 and promissory note paid in full, it's actually 15% of 1/2 / 50% PID net sales. And GID/MT ACS net sales to SFOR are terminated.
However, SFOR can still sell GID/MT, but then pay ACS 15% for GID and MT.
Here's the APLA:
https://www.sec.gov/Archives/edgar/data/12855...r_ex21.htm
$SFOR/BST STRONG!!!!
Until September 30, 2020, even if the Asset Purchase Promissory Note is paid in full, SFOR gets 15% for GID/MT and 20% /PID, of ACS net sales.
After 30 SEP 2020 and promissory note paid in full, it's actually 15% of 1/2 / 50% PID net sales. And GID/MT ACS net sales to SFOR are terminated.
However, SFOR can still sell GID/MT, but then pay ACS 15% for GID and MT.
Here's the APLA:
https://www.sec.gov/Archives/edgar/data/12855...r_ex21.htm
$SFOR/BST STRONG!!!!
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$SFOR/SFT and BSAFE/BST STRONG!!!!
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Parent: https://www.strikeforcetech.com
Subsidiary: https://www.blocksafetech.com
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