Transportation and Logistics Systems Inc (TLSS)

[Tdl9586]

are you serios ??? do your dd if you really think there are no notes due at years end, you have not business trading this stock ,because then you know nothing about it
I can not believe you boldly lie to pump this stock so so so sad of you

CURRENT LIABILITIES:
Notes payable, current portion
$ 6,035,877 $ 4,953,078
from the 10-Q released 05-15-2023
Transportation and Logistics Systems, Inc. (OTC PINK: TLSS) (“TLSS” or the “Company”), a publicly-traded holding company in which its wholly-owned operating subsidiaries, Cougar Express, Inc., Freight Connections, Inc., JFK Cartage, Inc., and Severance Trucking Co., together provide a full suite of logistics and transportation services, announced that, on April 14, 2023, its Board of Directors approved a credit facility (the “Credit Facility”) under which the Company would obtain unsecured senior debt financing of up to $1,000,000. The terms of the Credit Facility provide for interest at 12% per annum. The maturity date of the financing will be December 31, 2023, provided, however, that loans are prepayable by the Company at any time without premium or penalty. Each loan under the Credit Facility will be made on promissory notes, substantially in the form of Exhibit 10.1 hereto.



The Company received initial loans under the Credit Facility, in the following amounts: (a) $500,000 from John Mercadante on April 17, 2023; Mr. Mercadante is a Director of the Company; and (b) $100,000 from Sebastian Giordano on April 21, 2023; Mr. Giordano is the Company’s Chief Executive Officer, President, and Chairman of the Board of Directors.,Due 12-31-2023