Actually, IFUS would have at least produce unaudited filing for 2011 - 2017 to be able to have ANY 144 restricted shares cleared by the transfer agent for use/transfer/sell. On top of that a lawyer would have to write an opinion letter have reading the public filings and sign off on the restricted legends being removed from the 144 shares.
What does this mean in simple terms??? Easy. IFUS common stock held by insiders/directors with cow poop boots are worthless. That is correct. The insiders/directors/promoters can not sell or transfer one single share until many hoops like the one I outlined above are completed.
I could see IFUS liking to get "shareholder loans" to put money in their pockets more so than caring about the common stock. Let fools loan the company money in their hopeless quest to profit on the stock and insider info they got. It is how the game was played.
My understanding is IFUS borrowed money from some gentlemen that were not into playing silly games. The truth is going to come out on what really happened with this company working out of a falling down barn that used shareholders to work for free. IFUS is a house of cards and the silly cow food pickup truck mud barn business dream is still being smoked in that pipe.
I could see IFUS running an extension cord from the barn to a neighbors house and stealing electricity as opposed to paying the bills. There does need to be a light on in the IFUS barn in case a shareholder rides by the property.
Reports coming in that IFUS is blaming the common shareholders for their bad luck/20 million dollar working debt/loss. Smoke, Mirrors, and bad checks.
Bye bye Miss American Pie. IFUS was selling a lot of jazz for years and the sole check writer just had it all kept hush hush during the trial. Temporary fix.
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