Replies to post #12083 on Ideanomics Inc (IDEX)

[ItsMyOption]

new 8K - looks to me that management is tiring to Bankrupt this company with poor management agreements:

Item 1.01 Entry into a Material Definitive Agreement.
Promissory Note

Effective on March 19, 2023 (the “Effective Date”), Ideanomics, Inc. (the “Company”) issued a promissory note (the “Note”) to Tillou Management and Consulting LLC, a New Jersey limited liability company (the “Noteholder” or “Tillou”), an entity controlled by Vince McMahon, the father of our Executive Chairman Shane McMahon, in the principal amount of $2,000,000 (the “Loan”). The Company agreed to pay the aggregate unpaid principal amount of the Loan, all accrued and unpaid interest, and all other amounts payable under the Note on demand any time after April 20, 2023. The principal amount outstanding under the Note bears interest at a rate of 20% per annum (the “Interest Rate”).