Replies to post #37337 on Impact Fusion International Inc (IFUS)

[Slojab]

Legitimate company's divulge their financials to their shareholders (the real owners of all assets) so they don't have to guess about sales, profits, losses or anything else.

Since then MW, IFUS CEO extraordinaire got the mortgage refinanced and has held onto to the IFUS-SE 64 acre property and buildings since then, which takes profits from revenue to pay the mortgage payments the last 4-5 years!!!!

Perhaps blue line product sales profits and now bagasse sales profits as well???? And yes perhaps selling soil payed those bills. Maybe selling soil by the bag soon????

Mining and selling dirt is a legitimate business, so is using the hole generated later from excavating and selling soil, for a fish pond to raise and sell fish.

[pantherj]

There is absolutely no proof of sales of bagasse, dirt, blue line products or anything going into the company's coffers. MW, RW and the crims surrounding them have never filed voluntarily filed one shred of financial evidence for shareholders. The only thing share holders have to go by is the court document submitted by MW/RW in the original, and still pending, state court case for repayment of the $250,000.00 and costs.

So who knows how much of the assets rightfully belonging to share holders went into MW's & RW's pockets, how much went to MW's divorce lawyer, how much went to his boat, vacations, etc, etc, etc.

There can be NO doubt that MW is guilty of embezzlement and commingling.