VaporBrands International Inc (VAPR)

[tigerpac]

While the right hand is paying off convertible notes ($4770 oldest note) and PR’s it on Nov 9, the left hand is issuing millions of shares and takes out another new convertible note. Some of the new debt pays the old debt. Unsurprisingly this was not PR’d.

On October 10, 2023, the Company issued 7,648,443 unrestricted shares of the Company’s common stock in exchange for a debt conversion at $0.003 per share to fully settle a convertible note and accrued interest for $22,945. The note was dated December 3, 2020.

On October 12, 2023, the Company issued a $30,000 convertible promissory note to a corporation. The convertible note bears interest at 8% and has a maturity date of October 12, 2025 at which time all principal and accrued interest shall be due and payable in full. Prepayment is permitted without penalty. After maturity the interest rate increases to 10%. The convertible note is convertible by the holder, at its election, into shares of the Company’s common stock at an exercise price of $.01 per share.

Typical Barry move.