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Ecomike

01/21/19 7:16 PM

#56346 RE: 4u2nv2 #56345

Joe and his ex partner,

(the one that sued him for fraud(?) in 2009 for selling his half of the company to Walther, with out telling Walther he owned half of it)

Could have sold those restricted IFUS shares any time in about an 18 month period when IFUS had current financials. Everyone knows this.

IFUS filed financials in Dec 2010.

It was his choice not to sell.

Why did he not sell? If never got paid as the fake news claims, he would have sold and moved on by 2010/2011.

The SEC reports show he got paid as proven in recent posts the last 2 days here.

drugmanrx

01/21/19 10:33 PM

#56348 RE: 4u2nv2 #56345

Thought we covered this before.

Word on the street was that Scivoletto called MW the CEO "the sole check writer".



In the majority of small start of company IT IS NOT uncommon that only one or two directors have check write powers.

Just because only one person has the ability to write checks for a company it DOES NOT mean they can write them without the consent of the board.

Example Walther could not write a check to buy himself a car unless the car was approved by the board.

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I am assuming Scivletto was offer compensation mainly for purchasing his patent pending product.

If he was never paid, he would have the right to reclaim all rights to the patent pending product.

Since he never did even try to reclaim what was once his, but decided to instead modify the product for Absorbezz, the only logical conclusion is that what ever compensation given to him was acceptable by him.

If it was only stock, no one twisted his arm to take it.

He could have refused and sold his product elsewhere.