Impact Fusion International Inc (IFUS)

[Alleyba1]

I was looking at some court cases in the circuit court of Broward County. After reading article something struck me that was very important: Apparently Marc Walther settled amicably with Steve Adelstein to pay back to Adelstein $225K in monthly payments. The 1st year was $1000 per month. The 2nd , 3rd, and 4th years were to be $3000K per month. The 5th year and subsequent years was to be $4k per month.

In my opinion I think Walther thought he could do enough business to pay off loan early. There was no pre payment penalty.

But what has happened Marc Walther has DEFAULTED after paying $15,000. According to the article since Walther (IFUS) has defaulted he owes lawyers fees and court costs and interest. He know owes Adelstein $533K-15K which leaves balance of $518K.

The question I have now is what happens to IFUS? Can Adelstein take over? Or does Adelstein have to buy enough shares in open market to hold a shareholder meeting to see if he can take over company? IFUS in last 10 days has traded more shares (30 million) which is more than last 2 years? anyone know the buyer? Any guesses who buyer or buyers are?

This is my interpretation of the article which is public knowledge. It was published March 19,2018 in court filing #69457894. It was e-filed. Case #13-15311CACE05. Motion for entry of Final Judgment. This what I read. This is all public knowledge.