Sunday, November 14, 2021 11:19:12 AM
And what has that 25 million shares done for the company
- eliminated Adelstein strangle hold over the company
- reduced company debt
"The Company is pleased to announce that it has converted $150,000 of its long term debt to Common Shares under Rule 144. A total of 11,000,000 common shares were issued.
The net effect of this transaction is to reduce the overall long term debt of the Company by an additional 15% for a total of 57% since October 13, 2021. The previously stated total debt owed by the Company was $1,566,000 which was reduced by $650,000 (Adelstein's debt) last month. With this conversion the long term debt now stands at $816,461."
- allow IFUS to become pink current and REMAIN TRADING
- The shares went to a company friendly investor, who is working with the company to GROW IT instead of destroying it
"The current arrangement between Acra Investments, LLC and Impact Fusion will allow Impact Fusion to increase its scalability for bagasse procurement, manufacturing and packaging, without having the overhead of rent. Acra Investments, LLC will only require Impact Fusion to cover the cost of future property taxes as they come due. This arrangement also allows Impact Fusion to purchase the land from Acra Investments at any time in the future."
REDUCED DEBT, ELIMINATED PAST TAXES AND FINES, ELIMINATED EXPENSE OF RENT, AND PROVIDED FREEDOM TO GROW, LOOKS LIKE SHARES WELL SPENT.
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