Replies to post #30281 on Impact Fusion International Inc (IFUS)

[Gantor50]

No actually I am not confusing anything.

I am trying to apply the same standards consistently across the board. And I am trying to understand the story as I read it here.

We are encouraged to view IFUS as a criminal cabal with a scary past that should make any potential investor run screaming for the hills. But somehow that past was not so scary to George Bailey. Why? Because although the people that actually ran IFUS are supposedly a criminal cabal, there were a couple of people that used to work at IFUS that were so super nice and super special that George Bailey was willing to overlook the supposed sordid history of…the people that actually ran the company who would control how his money was spent…and give the company a $250K loan of his own real money ultimately secured by…that’s right…shares in a worthless company run by a longtime criminal cabal.

Why does that story sound like we just took logic and turned it into a pretzel?

And of course, unlike what is somehow fair game with certain members of IFUS, we should definitely not ask any questions at all about George Bailey, his past, or the real reasons he might have been motivated to loan $250K to a scary, criminal cabal like IFUS in the first place. Like in the Wizard of Oz, we are all told “Pay no attention to the (money) man behind the curtain!”

[Darth Trader]

My comment are mixed in your texts in parens.


LOLOL!! Twist it however you wish. (I disagree with this, don't see it twisted, but as anything but the truth) It was a loan, not an investment. An investment would mean that equity (shares) were acquired in return for the $250,000.00. But, as the Duke of Bag Holders himself said, no shares were exchanged. Hence, it was a loan.

Also, keep in mind, that at the time the loan was made, Joe Scivoletto was an officer and board member. (Was is the operative iow before the "boot") Perhaps the lender(s) were impressed with him (this guy can't even walk and chew gum and someone's impressed with him?) and the loan was made on the strength of their faith in Ol' Joe. (I seriously doubt it) He was, after all, the inventor. (He can't even spell inventor, let alone invent something! The guy was so corrupt and stupid, everything he did was visible from the outset...that's impressive)

(This is not as simple as you portray it to be IMHO. Your forgetting the reasons behind the counter suit and the illegal activities this guy was up to when he was caught and booted for, soon to be owned with his partner in crime, SA. The things he was involved in we're just stupid, really plain and simple. The guy's a moron! And he didn't invent anything. lololol "Larry, Curley and Mo ron's Invention company....woop woop!! lolololol)

What would help everyone is if MW had filed an 8K detailing the terms of the loan agreement, as a legitimate company would have done.