Impact Fusion International Inc (IFUS)

[Darth Trader]

I spoke to a couple of corporate level contracts and finance legal types to gain a more thorough understanding of the "contract-loan-debt" relationships. My original assumptions were correct.

Referring to the file, the minimum requirements to "legally" establish a "debt" and to "legally" establish a 'legally enforceable loan" there are minimum standards that have to be met, which DO NOT exist in favor of the boot boys. First, a "promissory note" that clearly defines the terms and conditions one party is to pay another party a define sum of money on demand or either a date or series of dates. It also has to establish the amount due, interest rate and maturity date. If there are assets used to secure the loan, it also has to be specified.

There is also a legal connection required in process to demonstrate the money was provided for the intended purpose.

I can say the legal minimums do not exist and even though asked for and yet to be provided, the boot boys have zero case to support their claims.

At best their claim will be dismissed.

You are right in assuming the court may look at this as a gift. It's certainly not a loan by any legal standard.

I'm also buying more shares and with my own DD on the Ifus case complete, I'm going to buy a lot more.