Cost a few buck to get rid of all these deadbeats.....On May 27, 2024, the Corporation also entered into a funding commitment agreement (the “FCA”) with PRHI, whereby the PRHI has agreed to fund the (i) certain legacy expenses of the Corporation, provided that the aggregate amount of such expenses shall not exceed approximately $3.3 million; and (ii) the costs and expenses of TVI incurred in the normal and ordinary course of its business which are necessary to enable TVI to continue its operations in the same manner and to the same extent as conducted immediately prior to the date of the FCA. The advances will be evidenced by the issuance of unsecured interest-bearing promissory notes, which are expected to accrue interest at a rate of prime plus 2.0% per annum.
Cliff made out really good, especially considering he has been retired for many,many years.
Seajay: Clifford M. James, President & CEO Active Past Salary:$ 917,393 Get rid of bonus :$ 721,000 Interest:$ 141,088 total:$ 1,779,481
Get rid of 5 useless Directors $ 812,395