jimr1717
2 days ago
What the heck is this??? This is VERY misleading. And why ya can't trust the promotional material produced by IFUS, and the need for a 3rd party study to back up the claims that are being made.
IFUS does not own this property, though he sure would like folks to think IFUS does in this PR. The property is actually currently owned by RR Louisiana Property LLC.
This is VERY misleading.
IFUS does not own this property, though he sure would like folks to think IFUS does in this PR. The property is actually currently owned by RR Louisiana Property LLC.
]NAPOLEONVILLE, LA / ACCESSWIRE / September 30, 2022 / Impact Fusion International, Inc (OTC PINK:IFUS) today announced that it has successfully modified its loan agreement for its property and buildings located at 204 Highway 1011, Napoleonville LA 70390. The 74.85 acre property that the Company acquired after completing a reverse merger in 2009 is the site of the Company's proprietary plant dedicated to the production of Supreme Gold Plus™ Bagasse. Supreme Gold Plus™ is infused with the Company's proprietary ingredient Nutri-Mastic™. The term for the new modified loan is 3 years and has been negotiated in favor of the Company.
Marc Walther/CEO
https://www.accesswire.com/718246/impact-fusion-international-inc-announces-loan-modification-for-its-7485-acre-property-and-buildings-in-napoleonville-la
Walthers later clarifies the situation.
Impact Fusion International, Inc leases 74.85 acres of property in South Louisiana. The property includes a 50,000 square foot building where we manufacture our Supreme Gold brand. From the same facility, we ship all our Nutri-Mastic Branded products. This facility houses a large, specially designed, press and also houses our automated bagging system, as well as a mixing machine with an attached conveyor belt system. The balance of the property is used to store raw materials for our Supreme Gold products. The property is leased from a third party and is ideally situated for manufacturing of our products and storage of raw materials in the heart of sugar cane industry in Louisiana, located at 204 Hwy 1011, Napoleonville, LA 70390
https://www.otcmarkets.com/otcapi/company/financial-report/389823/content
So... IFUS claims they applied for a USDA grant for 3rd party study, got a few pumping miles out of that, then say, Na, were not going to do that? Lol!!
Hilarious... Despite the BS they PR'd about why, I think it's clear that Marc Walther doesn't have confidence that the results of that study would have been beneficial...
Huge RED flag...
Marc Walther was found liable in a securities fraud lawsuit...
Complaint:
https://drive.google.com/file/d/1Wpk0lRCJaTOI3dmR_BeSNw6eWtnTt71s/view
Judgement: $397,744.50
https://drive.google.com/file/d/1nZjmmsmCwJlFwm9TR6NvokHH1H3K01uK/view?usp=sharing
And Marc Wallther has been the sole person putting together the disclosure statements. No accountant, no auditor.
Worthless...
That lawsuit was also never publicly disclosed. There is a HUGE gap in the disclosure statements between 2011 and 2018. With statements between 2019 and 2021 extremely lacking.
Marc Walther doesn't pay his bills or judgments either.
--
Another one for fraud... Vito V. Florio vs Marc Walther. This one quite detailed and a doozie...
https://drive.google.com/file/d/1_sjflJICDGkVpJ2wUU7UUSrCplnGo4zF/view?usp=sharing
--
I'll just set this right here...
HYGN and Shareholders Prevail as Judge Imposes Injunction Against Fired CEO Marc Walther
March 20, 2009 14:18 ET
| Source: HydroGenetics, Inc.
MIAMI, March 20, 2009 (GLOBE NEWSWIRE) -- Hydrogenetics, Inc., (Pink Sheets:HGYN) announced today that a Florida State Court Judge in Miami, Florida on March 9th granted an emergency injunction against fired CEO Marc Walther, enjoining him from acting on behalf of the company as an officer and director or making representations to this effect. In the order, the judge ruled that Walther likely would cause irreparable harm to the Company if the injunction was not entered. Walther was fired for cause from both Hydrogenetics, Inc. and Xynergy Holdings, Inc., but refused to step down from the Companies.
The Company is still pursuing damages in Miami-Dade County Florida Circuit Court Against fired CEO Walther for Breach of Fiduciary Duty and intends to seek damages and other relief based on the claim that he fraudulently and improperly issued a massive number of Preferred Shares to himself and a personal friend, Rhonda Windsor, after he was terminated by a majority of the shareholders for cause. The Company deems the preferred shares that were issued by Walther in an attempt to gain control of the Company to be void for the failure of Walter to comply with applicable law. The Company is exploring additional claims related to his acting wrongfully as CEO after being fired.
https://www.globenewswire.com/en/news-release/2009/03/20/394417/11087/en/HYGN-and-Shareholders-Prevail-as-Judge-Imposes-Injunction-Against-Fired-CEO-Marc-Walther.html
https://www.otcmarkets.com/otcapi/company/financial-report/27597/content
.
On January 15, 2009, after notifying Walther of his removal for cause, the company, filed with the Secretary of State of Nevada showing the removal of Walther and his replacement, Ronny Halperin.
On January 16, 2009 the company discovered that Walther, purporting to act as a director, created Series B Convertible Preferred Stock, 250,000 to one voting rights and without shareholders approval, issued it to himself and Rhonda Windsor, his personal friend 45,000,000 shares each as reflected in filings filed with the State of Nevada, one day after he was removed. The filing also changed the address of the corporation. The company has not moved
On January 26, 2009 the Company filed a lawsuit in the Circuit Court of the 11th Judicial Circuit, in Miami-Dade County against the former CEO and director Marc Walther. In part, the court has been requested to uphold the rights of the majority shareholders to vote Walther out of office and to require Walther to return all corporate documents and records that Walther improperly and illegally removed from the corporate office. Further the court is being asked for speedy determination as the removal of these documents which are necessary for the corporation to conduct its business.
https://www.sec.gov/Archives/edgar/data/920749/000110801709000025/xynergy8k.htm
Shows Marc Walthers character. A liar, a thief, a con, and a fraud. And, it shows he's been doing it for a while.
Another one...
Another securities fraud suit with Marc Walthers as a defendant. Rhonda Windsor was also working with Marc Walthers and the company "AmeriChip International". Walthers doesn't like paying his debts...
Complaint:
1 Breach of contact
2 Fraud and Deceit
3 Securities Fraud
https://drive.google.com/file/d/1TdhhHe_P6IwSL1F8yokhJOhsC08t_UOI/view
AmeriChip was also suspended and eventually revoked by the SEC for failing to file.
Suspended:
http://sec.gov/litigation/suspensions/2011/34-65305-o.pdf
Revoked:
https://www.sec.gov/files/litigation/admin/2011/34-65474.pdf
jimr1717
4 days ago
IFUS DD Updated 🏆️ >>, Marc Walther was found liable in a securities fraud lawsuit...
Complaint:
https://drive.google.com/file/d/1Wpk0lRCJaTOI3dmR_BeSNw6eWtnTt71s/view
Judgement: $397,744.50
https://drive.google.com/file/d/1nZjmmsmCwJlFwm9TR6NvokHH1H3K01uK/view?usp=sharing
And Marc Wallther has been the sole person putting together the disclosure statements. No accountant, no auditor.
Worthless...
That lawsuit was also never publicly disclosed. There is a HUGE gap in the disclosure statements between 2011 and 2018. With statements between 2019 and 2021 extremely lacking.
Marc Walther doesn't pay his bills or judgments either.
--
Another one for fraud... Vito V. Florio vs Marc Walther. This one quite detailed and a doozie...
https://drive.google.com/file/d/1_sjflJICDGkVpJ2wUU7UUSrCplnGo4zF/view?usp=sharing
--
I'll just set this right here...
HYGN and Shareholders Prevail as Judge Imposes Injunction Against Fired CEO Marc Walther
March 20, 2009 14:18 ET
| Source: HydroGenetics, Inc.
MIAMI, March 20, 2009 (GLOBE NEWSWIRE) -- Hydrogenetics, Inc., (Pink Sheets:HGYN) announced today that a Florida State Court Judge in Miami, Florida on March 9th granted an emergency injunction against fired CEO Marc Walther, enjoining him from acting on behalf of the company as an officer and director or making representations to this effect. In the order, the judge ruled that Walther likely would cause irreparable harm to the Company if the injunction was not entered. Walther was fired for cause from both Hydrogenetics, Inc. and Xynergy Holdings, Inc., but refused to step down from the Companies.
The Company is still pursuing damages in Miami-Dade County Florida Circuit Court Against fired CEO Walther for Breach of Fiduciary Duty and intends to seek damages and other relief based on the claim that he fraudulently and improperly issued a massive number of Preferred Shares to himself and a personal friend, Rhonda Windsor, after he was terminated by a majority of the shareholders for cause. The Company deems the preferred shares that were issued by Walther in an attempt to gain control of the Company to be void for the failure of Walter to comply with applicable law. The Company is exploring additional claims related to his acting wrongfully as CEO after being fired.
https://www.globenewswire.com/en/news-release/2009/03/20/394417/11087/en/HYGN-and-Shareholders-Prevail-as-Judge-Imposes-Injunction-Against-Fired-CEO-Marc-Walther.html
https://www.otcmarkets.com/otcapi/company/financial-report/27597/content
.
On January 15, 2009, after notifying Walther of his removal for cause, the company, filed with the Secretary of State of Nevada showing the removal of Walther and his replacement, Ronny Halperin.
On January 16, 2009 the company discovered that Walther, purporting to act as a director, created Series B Convertible Preferred Stock, 250,000 to one voting rights and without shareholders approval, issued it to himself and Rhonda Windsor, his personal friend 45,000,000 shares each as reflected in filings filed with the State of Nevada, one day after he was removed. The filing also changed the address of the corporation. The company has not moved
On January 26, 2009 the Company filed a lawsuit in the Circuit Court of the 11th Judicial Circuit, in Miami-Dade County against the former CEO and director Marc Walther. In part, the court has been requested to uphold the rights of the majority shareholders to vote Walther out of office and to require Walther to return all corporate documents and records that Walther improperly and illegally removed from the corporate office. Further the court is being asked for speedy determination as the removal of these documents which are necessary for the corporation to conduct its business.
https://www.sec.gov/Archives/edgar/data/920749/000110801709000025/xynergy8k.htm
Shows Marc Walthers character. A liar, a thief, a con, and a fraud. And, it shows he's been doing it for a while.
jimr1717
5 days ago
Just a heads up, 🏆️ How did $102.000 in inventory disappear with no record? The last report filed shows that existing inventory fell from $120,000 of feed stock to $18,000 in a year ... even though there were only $20,000 of sales in the entire year. So, $102,000 of inventory disappeared with no explanation. If this were a genuine company there would be either a detailed explanation or a thorough investigation in which heads would roll.
There are only three possibilities.
A) The inventory was given out freely to ranchers/farmers to use so that IFUS could claim it was shipping product,
B) The inventory never actually existed,
C) The inventory was sold but Walther stuffed his pocket with the proceeds and did not report them as required. This fits right in with Walther's well known and long term propensity of defrauding shareholders and embezzlement.
OPEN YOUR EYES!! IFUS is a naked con job with longtime con artists at its head.