Impact Fusion International Inc (IFUS)

[4u2nv2]

Last filing was 2010 and yet it shines light on the so called who was the bad guy that messed IFUS up in a business deal???? 21 million dollars in the hole and IFUS stopped filing. Read on with an open mind about who was who at IFUS around 2010.

On July 28, 2010, the Company reincorporated in the State of Nevada. The Company has
five wholly owned subsidiaries; Supreme Energy Resources, Inc., Versace Direct, LLC,
Impact Fusion International, Inc., and Mastic Blast Beverages, Inc.
Supreme Energy Resources, Inc., f/k/a RR Louisiana Properties LLC (“Supreme”), is a
corporation formed in the state of Louisiana in February 2007. Supreme is engaged in
providing alternative energy research, validation and commercialization of various energy
technologies. Supreme currently has marketing contracts for low wind velocity turbines
with solar skin energy retrieval systems and battery backup for areas of the world that do not
have cost effective grid access. Supreme’s principal asset consists of an 83 acre property in
the state of Louisiana with several building structures, intended to be used as an energy
research park. For the nine months ended June 30, 2009 and 2008, Supreme did not conduct
any operations, and was a holding company with the Louisiana property as its principal
asset. The Company currently intends to spin-off Supreme to the Company’s shareholders
as a separate corporation, and has, contemporaneously with this filing on Form 10, filed a
separate registration statement on Form 10 to register under the Exchange Act the shares of
common stock proposed to be spun off to the Company’ shareholders. We determined to
spin-off Supreme since its business is unrelated to the Health & Wellness Business, the
Company’s principal focus, and due to management’s belief that our shareholders would
realize greater value from the business and assets of Supreme if it were operated as a
separate corporation.
Versace Direct, LLC is a limited liability company formed in the state of Florida in August
2008 (“Versace”). Versace was originally established to function as a wholesale distributor
of the Company’s products marketed and sold in its Health & Wellness Business. For the
nine months ended June 30, 2010 and 2009, Versace did not conduct any operations.
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Versace does not currently have any operations, and is considered a development stage
company.
Impact Nevada Corporation. was incorporated in the state of Nevada in February 2009
(“Impact Nevada”). Impact Nevada holds the Company’s patents. Impact Nevada was
purchased by the Company and is now a subsidiary of the Company. During the year
ended Impact Nevada became a wholly owned subsidiary of the Company.
Mastic Blast Beverages, Inc. was incorporated in the state of Florida in July 2010
(“Mastic Blast”). The Company intends to enter into an agreement with Mastic Blast to
license its Nutri-Mastic™ formula to Mastic Blast to develop energy and related drinks
featuring the Nutri-Mastic™ formula. Mastic Blast currently is considered a
development stage company.
NOTE 2 – BASIS OF PRESENTATION
The accompanying financial statements represent the consolidated financial position and
results of operations of the Company and include the accounts and results of operations
of the Company and its wholly owned subsidiaries. The accompanying consolidated
financial statements include the active entity of Impact Fusion International, Inc., Versace
Direct, LLC, Impact Nevada Corporation, Mastic Blast Beverages, Inc., and Supreme
Energy Resources, Inc.
NOTE 3 - GOING CONCERN
The accompanying financial statements have been prepared in conformity with
accounting principles generally accepted in the United States of America which
contemplate continuation of the Company as a going concern. However, the Company
has an accumulated loss from operations is September 30, 2010 of $21,219,030 since
inception. Further, the Company has inadequate working capital to maintain or develop
its operations, and is dependent upon funds from private investors and the support of
certain stockholders.
These factors raise substantial doubt about the ability of the Company to continue as a
going concern. The financial statements do not include any adjustments that might result
from the outcome of these uncertainties. In this regard, Management is planning to raise
any necessary additional funds through loans and additional sales of its common stock.
There is no assurance that the Company will be successful in raising additional capital.
The Company's ability to meet its obligations and continue as a going concern is
dependent upon its ability to obtain additional financing, achievement of profitable
operations. Although the Company plans to pursue additional financing, there can be no
assurance that the Company will be able to secure financing when needed or to obtain
such financing on terms satisfactory to the Company, if at all.

https://www.otcmarkets.com/stock/IFUS/filings
(7 plus years ago but it explains a ton of excuses on how nothing was IFUS fault)

Read the filings and understand this was over in 2010.

Litigation was probably over fighting for the money made and debts among friends not paid. IFUS was a cash cow back before it smelled like a pig. What .59c down to .005-.003 now???? WOW. IFUS was once a heffer!!!!! But I doubt that loss on market cap put a frown on directors faces. Cough Cough.

Read the filing and understand that IFUS could not have "that many bad guys" on it's road to making back the 20 plus million it lost...... 2010. Right there guys. IFUS sold about 25 million in rotten sugar cane???? I just got to ask.....................