Mitesco Inc. (MITI)

[Stockingstuffer12]

Another short term loan from Larry for 47k hopefully that keeps the lights on for a few more weeks. Are employee’s going to receive IOU instead of pay. Scary. What if Mitesco can’t make payroll? Walmart and Target are getting hit because of consumer spending and inflation.


Mitesco, Inc. (the “Company”) issued a 10% Promissory Note due as described below (the “Diamond Note”), dated May 18, 2022, to Lawrence Diamond (the “Lender”). Lawrence Diamond is the Chief Executive Officer of the Company. The principal amount of the Diamond Note is $47,059.00, carries a 10% interest rate per annum, payable in monthly installments, and has a maturity date that is the earlier of (i) four business days after the date on which the Company successfully lists its shares of common stock on Nasdaq or NYSE, or (ii) two business days after the date of receipt of the Company of the next round of debt or equity financing in a net amount of at least $600,000