Impact Fusion International Inc (IFUS)

[Fisch]

The pr also stated NO shares of Impact Fusion were issued as part of this financing nor will they be in the future.


I just read the Mar 18 for the first time and damn, I'm not sure where to start...


"The Board of Directors of Impact Fusion approved and completed funding for a convertible debenture of $250,000 for the purchase of equipment and resources necessary to start production in its Louisiana facilities. No shares of Impact Fusion were issued as part of this financing nor will they be in the future. The Company has purchased and accepted delivery of this equipment in early March 2013. Production was originally scheduled to begin before the end of the first quarter of 2013. This schedule was accelerated and the Company is now in full production."


A "convertible debenture" of $250,000. Convertible into what?


http://www.investopedia.com/terms/c/convertibledebenture.asp

Definition of 'Convertible Debenture'

A type of loan issued by a company that can be converted into stock by the holder and, under certain circumstances, the issuer of the bond. By adding the convertibility option the issuer pays a lower interest rate on the loan compared to if there was no option to convert. These instruments are used by companies to obtain the capital they need to grow or maintain the business.

Investopedia explains 'Convertible Debenture'

Convertible debentures are different from convertible bonds because debentures are unsecured; in the event of bankruptcy the debentures would be paid after other fixed income holders. The convertible feature is factored into the calculation of the diluted per-share metrics as if the debentures had been converted. Therefore, a higher share count reduces metrics such as earnings per share, which is referred to as dilution.
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One of the most important lessons to learn in Pennyland is that phrases like "nor will they be issued" are little more than wishful thinking as far as The Law is concerned. From the same PR:

"All statements that are included in this release, other than statements of historical fact, are forward-looking statements."



Why not just get a secured loan on the Supreme property valued at $400k years earlier? If they haven't needed to sell stock for 3+ years for the brand new bagasse venture why include it in the public company at all and just keep it private in the first place? The answer is obvious; it's silly that this discussion is even occurring. Disgusting, really, how a supposedly religious CEO is trying so hard to rip people off who don't understand the OTC. Mighty Christian of him I must say.