Replies to post #62736 on Nutra Pharma Corp (NPHC)

[joe_techi]

Rik is just advertising his business model of toxic loans for cash. One would now know it is officially the business model since it is in the SEC sanctioned annual report via 10-k. You can believe what you read if it is in the 10k

[joe_techi]

Was this corrected or is it correct? From the 10k:

Promissory Notes

During January 2022, the Company received a loan for a total of $199,000 from a non-related party. The loan is expected to be repaid through scheduled payments through July 2023 along with interest on average 63.76% annum. The Company has recorded loan costs in the amount of $4,975 for the loan origination fees paid at inception date. The total loan cost is amortized over the term of the loan. The loan is under personal guarantee by Mr. Deitsch.

Hate to see the massive amount of toxic, discounted shares Rik will settle this for when he doesn't pay it down. Wonder when the scheduled payments are due.