Bread - Due diligence

[icochecker]

Bread (BRD)

Team

Executive Team

• Adam Traidman (Co-founder & CEO) - Oct 2014 - Present | Linkedin profile
• Aaron Voisine (Co-founder & President) - 2013 - Present Linkedin profile | Github
• Aaron Lasher (Co-founder & CMO) - Apr 2017 - Present Linkedin profile
• James MacWhyte (Chief Product Officer) - Sept 2015 - Present Linkedin profile
• Samuel Sutch (Chief Technology Officer) - Sept 2015 - Present Linkedin profile | Github
• Brent Traidman (Chief Revenue Officer) - Sept 2017 - Present Linkedin profile
• Scott​ ​Wiebe​ ​(CFO) - Sept 2017 - Present Linkedin profile

Advisors

• Charlie Lee Linkedin profile
• Ben Davenport Linkedin profile
• David Johnston Linkedin profile
• Batara Eto Linkedin profile
• Shinji Kimura Linkedin profile
• Mai Fujimoto Linkedin profile

Engineering and development

• Adrian Corscadden (iOS Developer) - Nov 2016 - Present Linkedin profile
• Matt Davids (DevOps Architect) - Jan 2016 - Present Linkedin profile
• Mihail Gutan (Android Architect) - Jul 2015 - Present Linkedin profile
• Daniel Moore
• Pieter Parker
• Kevin Ponto
• Daniel Staudigel (Sr. Software Engineer) - Jul 2017 - Present Linkedin profile

Company

Headquarter

Breadwinner AG
Schindellegistrasse 3
8808 Pfäffikon SZ
Switzerland

• UID Register
• Swiss Official Gazette of Commerce

Entry in the commercial register 03.05.2017
Legal form: Company limited by shares (AG)
UID: CHE-357.612.662
Commercial register number: CH-130.4.024.180-3

Management

• Jan Happel | Board of directors-Member | Since 29.09.2017
• Christopher Aaron Lasher | Board of directors-Member | Since 29.09.2017
• Aaron Voisine | Board of directors-President | Since 29.09.2017
• Adam Traidman | Board of directors-Delegate, Board of directors-Vice-president | Since 29.09.2017

Past and translated company names:

• readstar Sàrl
• Breadwinner SA
• Breadstar GmbH
• Breadwinner Ltd
• Breadstar LLC

SOGC notifications

SOGC 189/2017 - 29.09.2017
Categories: Changes of business name, Changes of legal status, Changes in the activity, Changes in the capital, Address changes, Personal changes.

Breadwallet LLC (US)

File Number: 5717431
Incorporation Date / Formation Date: 26 Mar 2015
Entity Kind: Limited Liability Company
Entity Type: General
Residency: Domestic
State: DELAWARE

• Delaware entity search

Github

• bread

Product

• Bread - iOS
• Bread - iOS beta with ethereum support
• Bread - Android

Smart contract

• Crowdsale on github
• Crowdsale - View on etherscan
• Bread Token - View on etherscan

Vesting

• No vesting schedule for team and advisor tokens.
• Team and advisors tokens are not vested in the smart contract.
• Ceo says that vesting will be added after the ICO.

• Co-founder Aaron Lasher has no idea about the Team vesting schedule.

Additional info

Questions not answered by the company:

Live Youtube AMA with Bread CEO (click to view)

CEO Adam Traidman, when asked about vesting schedule for team and advisors tokens:

• "The final vesting plan has not been ratified by the board of directors."
• "Generally these types of affairs are considered confidential"
• "2 to 3 year vesting terms"
• "final details will be ratified by the end of the crowd sale"

Conclusion

• The founders never answered the questions asked by investors, showing disregard for their concerns.

[agentbutlr]

Another money grab!