debt
confidence high
sentiment negative
materiality 0.65
VPR Brands issues $100,001 promissory note to CEO at 24% interest with daily ACH withdrawals
VPR Brands, LP.
- Issued $100,001 unsecured promissory note to CEO Kevin Frija on Dec 8, 2021.
- Interest rate 24% per annum; principal and accrued interest due Dec 8, 2022.
- Holder may deduct $500 per business day via ACH from company bank account until repaid.
- Note is unsecured and prepayable at any time.