They could not have been given shares, the AS has been unchanged since 2010. IFUS has no shares to issue until they file financials and raise the AS in public State registration and SEC records first. And the CEO has / had no assets to pledge that I know of, so all they could get was a hand shake deal. As a long term investor, the reason to toss money into the pot would be to support a stock I own part of, and to help see this great $IFUS technology succeed, seems the CEO has friends after all.... as it would have been bankrupt with out some business and real friends and real customers, long ago.
But the real question should be, since IFUS is not borrowing toxic debt to pay the CEO, and since he was working a second full time job to pay the IFUS bills and keep IFUS a float during a super expensive multi year multi lawsuit assault, the question is why did he do that, why did he stay and fight with no income from IFUS all these years? Obviously he and the ones on the other side of the lawsuit think IFUS and its technology is worth millions, otherwise there would be no reason for the IFUS CEO to have stuck it out. Why did he not print shares to pay the bills like 99.9% of real penny scams do? Why would they lend money on a hand shake knowing the company was being sued!!!! Being sued for default on a loan!!!!
One answer, IFUS must be worth millions and the long positions are backing the Founder and current CEO and holding the float locked up.
