Nutra Pharma Corp (NPHC)

[RSI38]

Oooooops! LOL



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The last 10-Q states there is toxic financing.

"Current operations are primarily being funded through a combination of product sales and convertible notes. During the nine months ended September 30, 2021, we raised $1,976,560 through the issuance of convertible notes."

"SUBSEQUENT EVENTS

Convertible Notes Payable

During October 2021, we issued convertible promissory notes to the unrelated third parties for a total of $117,300 with original issuance discount of $15,300. The Noteholders have the right to convert the note into shares of Common Stock at a conversion price of $0.0008 per share. The notes are due one year from the execution and funding of the notes."

So Deitsch receives $102,000 out of the $117,300 but NPHC still owes $117,000. That is toxic - and will be at least 147 million shares and that doesn't include interest etc and Deitsch hasn't provided the promissory note.

IG

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RSI38