We are still waiting on this, but now know the entire story. Two ex-Directors, one who loaned IFUS-Supreme Energy the money for the bailing line 18 months ago, tried to call the note and seize the company days after the first payment due, but he interefered with the companies ability to make the payment, ie he had planned to seize the company, and do 3 pump and dumps.... but the current CEO figured out his plan and stopped it. We expect the judge to nail them for fraud, theft of company assets, toruous interference and to cancel the loan as an award for damages, plus terble damages as the CEO has proof of their felony actions.
It will be a sight to see once the court issues a decision against Steve Adelstein (the ex-Director loan shark that tried to steal IFUS), who has a history of this where he started and bleed investors in over 100 registered scam companies the last 10-15 years in Dade County Fl.
Once the dust settles I expect SA to be indicted by the FEDs.
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