With the PR below, FTS now owns 60% (undilutive) of USBF, and USBF now also owes FTS $1.5M....Note that this 60% is in preferred shares, not to be confused with the 11.5M common shares that are traded as USBF on the market...this means that the common shares only own 40% of the Elysium company (with 10M common shares owned by SG and his other holding company being restricted as not available for trading at the moment, IMO)

<<<Gallagher continued, "With regards to the Elysium transaction, we sold our Internet Company Elysium Internet, Inc. to US Biodefense in exchange for a $1.5 Million Note and non dilutive preferred stock that convert into 60% of the issued and outstanding shares subject to certain restrictions. FTS immediately acquired significant assets expected to double stockholder value, the proceeds from the note will accelerate our convertible debt reduction plans.>>>