Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Not quite what I had in mind, but if we were speculating, I could see FORW investing in a group of Israeli startups. Funds would come from a VC who purchases FORW equity or provides debt, or both. One of the startups would SPAC into SRNW. The result would be a higher valuation for FORW, which in turn will help fuel further funding to invest in additional startups. Also the warrants for SRNW would remain with FORW and become a model for future SPACs. In other words, FORW would receive warrants from future SPACs, possibly from GVSI or WNFT, if they get cleared or some other clean shell.
The strategy is identical to what GS was trying to do with FORW from the out start. The major difference now is that it will be in the capable hands of Israeli investors who have access to legitimate startups that matter and the experience to pull it off.
I think we can all agree that GS was a bit over his head with his three failed attempts, Starsona, Maverick Energy, and the ventilator one. It's refreshing to expect that GS will be passing the baton and stepping out of the lime light. Maybe that's what he meant all along that he was planning to 'retire'.
JMHO
Not if both come in 'joined at the hip', ...a very strong and likely possibility, i.e. the VC brings in several of its private investments (such as AI related) into FORW where one of them is goes SPAC as SRNW. FORW would then become an AI fund or ETF.
Two recent developments seem to confirm GS's current situation. First, GS has pretty much stopped his pro-Israeli tweets. As you recall, he was on a tirade earlier this year. Either he tired of repeating himself or was mildly 'reprimanded' by his Israeli partners to tone it down. Personally I think it's the latter. Then secondly, GS has yet to announce the GVSI partners that pulled out of his deal due to 'cultural differences'. Again I believe his Israeli partners asked him to refrain due to the Israeli-Gaza conflict and the global antisemitism it has triggered.
All in all, I stand with my original conviction that GS no longer is in control of the destiny of his tickers. Of course, he would never admit to it but recent confirmation supports my belief that his Israeli partners are in charge now and GS like the rest of us is also waiting for further developments.
All that said...
GVSI has broken out of its trading range and is rising on low volume. It's possible that it will seek to close its gap before retreating to mid point. I personally have never liked GVSI due to its bloated OS. When and if anything happens with it, it's almost certain to experience a minimum 1:4 RS and more likely 1:10. Essentially buying a million shares will equate to 100k when all is said and done.
WNFT may some day amount to something but not after a long and arduous set of legal battles. Neither side wants to give in and the court system is happy to extend deadlines for as long as is necessary.
SRNW remains the darling of the bunch due to its low OS and clean shell status, but I feel it's being reserved for a special deal. The merger candidate may already be in the works and may be waiting for the Israeli-Gaza conflict to subside. That could be as early as this summer or after the US elections, but not longer.
FORW shows the most promise of the pack. It's shovel-ready, packed with GS shareholder cronies, and is flexible in its mandate. It can continue investing in companies or merge into one. Who knows what they have in store but one thing is for sure, GS's cronies want to see something happen and GS would like nothing more than to please them to regain his status as the OTC Wiz, ....plus retire. FORW represents the best option for GS to achieve his personal goals.
Finally, GS's recent tweet on how he considers his tickers to be 'good investments' rather than Rosen-like scams was encouraging. What he failed to mention is the timeline, a key detail that has been too often missing in this entire saga.
JMHO
Like the rest of us who own shares in Nasdaq companies, sure we're owners of a Nasdaq company too. Oh and we merged and sold companies all day long too.
LMAO!!!
Business law is not business... Not understanding this distinction demonstrates a lack of real life experience.
Did you say you ran or owned some company? Based on your comments here, it must have been a popsicle stand that went BK on day one. LMAO!
Go back to your Mexican frejoles dude. You're overdue for another load. Once you pass some gas, read this post again. Maybe, just maybe it might make some sense to you. I doubt it, though, but I'll remain optimistic.
LMAO!!!!
You must be a clueless and impatient GenZer...
Like I've said several times before... If you lived and worked with Israelis for a long time, you'd know exactly what I meant with my statement, otherwise, like you, you'd have no clue.
Only if they are in unrelated businesses, otherwise it would make sense to leave them as is.
I would add that SRNW can and will surge on any good news. Low volume and low float are pushing the pps down. The reversal is only a matter of time. JMHO
I like the way you think but am not sure we can expect GS to think strategically like you. He's shown himself to be more of an egotistical bully in the OTC rather than a smart investor. That assessment does not include his Israeli partners and especially his current FORW shareholders. Many of them are sophisticated investors who bought into the GS SPAC idea, albeit late in the game.
My focus now is on the list of FORW shareholders who have been removed from the restricted list with the recent S-1 filing. Obviously they won't be selling unless there's a good reason to do so. In other words, they aren't going to sell at these levels in the same way the HMBL Series B holders have done, for fraction of pennies. My guess is that they are getting involved with FORW on some funding capacity and want the flexibility to sell a portion or all of their holdings on the market, once an announcement is out. That said, their exit 'buyers' will come from a merger announcement and quite likely a NASDAQ listing qualified candidate rather than another OTC retail rubbish. I'd be looking for something in the AI space, particularly Generative AI potentially based out of Israel.
Surprisingly, SRNW seems to be on the back burn for a secondary play, perhaps. It's not clear, yet, what role it will play aside from helping FORW's valuation at some point.
JMHO
You're assuming judges think like business people. They don't!
I don't want to burst your bubble but the tone of GS's tweet is quite negative. Just consider yourself as one of the new ten newbie judges. A pile of cases are presented to you. You don't start with the oldest but rather the most recent case and work backwards. Why? Judges know that if a case has been sitting around too long, something is amiss. Usually that means that a predecessor deliberately avoided ruling on the case for one reason or another.
The case with Callesse clearly is one that the previous judges felt should be settled out of court. I believe that a decision by the judges would have set a dangerous precedent that they preferred not to author. ...and even if they do choose to rule on the case, it will probably be to pass it back down to the lower courts for a retrial or further investigation on a minute technicality.
A 100% resolution sufficient for GS to take a victory lap is, in my humble opinion, very unlikely. ...at the very least late 2025 or 2026, we might get more clarity, but not before then.
JMHO
A recent GS tweet expressed his sentiment regarding a settlement with Callasse. His exact words, "No shot". ...meaning, "no way, Jose!". That said, WNFT's case has become either a personal issue to GS or a convenient stall tactic. Either way, both GVSI and WNFT are dead tickers until some time in 2025 at the earliest and with no guarantees of success. Investing in either ticker today is dead money bordering "senseless". JMHO
FORW and SRNW remain in the spotlight for 2024. Will they be joined at the hip or become two separate deals is anyone's guess. Clearly from the accumulation of FORW stock this week, something is brewing there. It closed up 28% today on chase-like volume.
FORW shareholders include GS's cronies. It also is the key to his reinstating his ego, once more. SRNW lacks that similar panache, although its OS is more attractive. Considering what we've learned about GS in the past 3 years, an ego reinstatement seems to be more important to him than anything else. That said, I believe FORW will be his first move. What seems most logical to me (all things considered) is that FORW purchases warrants of AI startups in Israel or elsewhere.
JMHO
What a stupid post! ...but does explain your frazzled state of mind.
LMAO!!
Give I-Glow a break. He lost a ton of money on TSNP. Hates himself 24/7 for this life-changing mistake. Soon after, he moved to Mexico, ...probably to avoid seeing his wealthy friends who stuck it out. ..and now spends his days and nights posting on GS's tickers, ...non stop bashing. He lives in a one room basement apartment with no windows. Eats Mexican frejoles for breakfast, lunch, and dinner. His place smells so bad that he can't have any visitors, and the last time he cleaned his sheets was during Covid. So, you can just imagine the stench. Yea, it must be pretty bad! The constant bad odors seem to have 'clouded' his vision and understanding of OTC trading, ...as we have all read from his posts.
LMAO!!!
A recent GS tweet expressed his sentiment regarding a settlement with Callasse. His exact words, "No shot". ...meaning, "no way, Jose!". That said, WNFT's case has become either a personal issue to GS or a convenient stall tactic. Either way, both GVSI and WNFT are dead tickers until some time in 2025 at the earliest and with no guarantees of success. Investing in either ticker today is dead money bordering "senseless". JMHO
FORW and SRNW remain in the spotlight for 2024. Will they be joined at the hip or become two separate deals is anyone's guess. Clearly from the accumulation of FORW stock this week, something is brewing there. It closed up 28% today on chase-like volume.
FORW shareholders include GS's cronies. It also is the key to his reinstating his ego, once more. SRNW lacks that similar panache, although its OS is more attractive. Considering what we've learned about GS in the past 3 years, an ego reinstatement seems to be more important to him than anything else. That said, I believe FORW will be his first move. What seems most logical to me (all things considered) is that FORW purchases warrants of AI startups in Israel or elsewhere.
JMHO
Mexican 'Frejoles' I-Glow is on a roll. Soon he'll be passing gas and calm down. In the meantime 'hold your nose' because anything he says is full of sh$t! LMAO!!!
GS is keeping his cards close to his vest and revealing little. Currently he seems hell bent on making sure Rosen is exposed with CYBL, ...not that it was necessary but his latest tweet shows that he's unraveled Rosen's complex scheme. What I have noticed is fewer, if any, Israeli related tweets. My guess is that his partners there have asked him to tone it down due to the ongoing conflict and antisemitism globally. It may also explain why he's never revealed the potential merger candidate for GVSI, the one that supposedly backed out at the last minute last month.
Most likely GS has handed SRNW's future to someone else to handle. It's probably to one of his two Israeli contacts or someone within their tight circle.
The silence from GS regarding SRNW and FORW makes me feel something is very much brewing and he's now on the receiving end of whatever is decided. In other words like us, he no longer knows any time lines.
At the end of the day, it makes sense that GS takes a backseat. He's been on the front lines for too long and his presence no longer is an asset. What is of value are his two tickers, SRNW and FORW. Others in charge will fix up his mess, so he can, as he suggested, finally retire. Frankly, it would be the best decision of his life and not too mention also, for the rest of us.
JMHO
Thank you for putting this obvious issue to bed for Surfer Boy. Let's see what he comes up next...
Too many Mexican frejoles for dinner this evening? I thought so. Don't worry, you'll be smelling your own stupidity soon.
The tone of GS's tweets were a dead giveaway. I've lived and worked with Israeli's for decades. Anyone else who has would know what I mean. It's painfully obvious. The good news is that GS is not alone this time. Plus as I mentioned in another post, I would expect many of his FORW shareholders are very likely Israelis too and/or connected to the same circles. It's how they like to operate. No secret and no surprise...
I'm sure they are working with GS to make sure the next merger is a success considering they all got a sweet taste of what a SPAC can do when TNSP surged to extraordinary levels in 2021. This time around, however, they will make sure that they are not caught off guard by a Brian Foote type Series B common conversion dirty trick. My guess is that they will put one of their own in charge.
In this case I would consider the help from Israelis, their eco systems, and GS's past experience to be a plus for current shareholders. At this stage we can only hope that they do the right thing, especially when it's so attainable, all things considered!
JMHO
"Cut & Paste" Iglow's Library Revealed! Now any idiot can be an 'IGlow"! ...except you'd have to move to Mexico and join a loonie commune. LMAO!
Interesting perspective... One would have to appreciate what it must have been like for these restricted shareholders when FORW hit the mother load at $1.33 during the TSNP days. Some of them probably saw their accounts hit some eye watering levels. Of course, all of it has since disappeared, leaving many wondering if GS can do it again with SRNW.
I would guess that many are helping GS out to achieve this objective, only this time they want the pps to stick.
JMHO
Just like I said. GVSI is and will continue to bar code at and below $0.002 until years end. Watch and learn...
Living in the past? Don't you know that historic performance does not guarantee future predictions... blah, blah, blah... When GS delivers, it'll be Mexican frejolis daily at the loonie farm for you. They already have your room ready for you. Fans included... LMAO!
Based on GS's trifecta+ history, FORW remains his 'little baby' where he and his cronies are all well saddled with shares. Odds are he plans on remaining CEO, if for any other reason that to keep his 'close friends' happy. ...and yes, I would agree that his vision of being a CEO is one of a passive nature where the FORW continues as a holding company by acquiring warrants/shares of other companies.
JMHO
It's self-explanatory... "At the closing of this offering..." That's what we're all waiting on.
You were dead wrong with TSNP. Your Nov 2020 tweet reveals your biggest and most costly error there. Your next one will be here soon. Then you'll be all set to join a Mexican loonie farm where you're 'always right'. LMAO!
You are one sick puppy by spending your day watching every trade of FORW. LMAO!!! Well, at the very least you'll be ready for the loonie farm once GS delivers. They might even give you a position as the trash door entrance guard. I hear it pays a peso an hour. Imagine that? They might even pay you in FORW shares, so you feel whole again.
Too funny!!!
Go back to your Mexican looney house where there's always room for one more. LMAO!
Oh, BTW I disagree with your assessment. SRNW is so shovel-ready that it won't take much to get something very significant off the ground. Why anyone would try to scam a sure bet is just not smart and hence not Israeli. Patience will pay off with this one.
JMHO
When you're dealing with Israelis, they, who pretty much wrote the rules also know how to move the goal posts. All I can say is that I'm pretty confident that something very significant is brewing and all we mortals can do is 'wait and see' what happens. At the end of the day, it's how this game has always been played.
Like I said already, GS is probably holding it up on some minor technicality. If I was in his shoes and planning a strong re-entry, I'd certainly hold all of my 'powder' until I was ready to fire. GS is no fool. He's not going to repeat the GVSI pre-announcement mistake again.
JMHO
I'm not surprised to hear that the S-1 was approved back in January. There just wasn't any hard evidence in favor of a decline. The fact that it hasn't been posted officially also doesn't surprise me. I'm sure GS has found some minor technicality to stall the SEC from publishing it.
...which leads me to believe that GS is prepping for a very determined re-entry with a deal that not even his angriest opponents will be able to derail.
I'm of the belief that GS (with the advise of his Israeli partners) orchestrated an ugly scenario to achieve two goals. First, they had to get rid of the unruly OTC retail shareholders/flippers. They had become a liability for any deal and had to go. So far it appears by the reduced number of messages on this board and others that he's removed the undesirables. Second, he's opened up his SPAC to the would be investors to pick up some cheap shares. As DrugDoctor noted on the SRNW board recently, the accumulation numbers for SRNW have increased notably in the past few weeks. By redistributing shares from weak hands to stronger ones, GS can close an awesome deal, especially with SRNW, since its float is a mere 50m shares. Any rise in SRNW will also affect FORW.
JMHO
I'm not surprised to hear that the S-1 was approved back in January. There just wasn't any hard evidence in favor of a decline. The fact that it hasn't been posted officially also doesn't surprise me. I'm sure GS has found some minor technicality to stall the SEC from publishing it.
...which leads me to believe that GS is prepping for a very determined re-entry with a deal that not even his angriest opponents will be able to derail.
I'm of the belief that GS (with the advise of his Israeli partners) orchestrated an ugly scenario to achieve two goals. First, they had to get rid of the unruly OTC retail shareholders/flippers. They had become a liability for any deal and had to go. So far it appears by the reduced number of messages on this board and others that he's removed the undesirables. Second, he's opened up his SPAC to the would be investors to pick up some cheap shares. As DrugDoctor noted on the SRNW board recently, the accumulation numbers for SRNW have increased notably in the past few weeks. By redistributing shares from weak hands to stronger ones, GS can close an awesome deal, especially with SRNW, since its float is a mere 50m shares. Any rise in SRNW will also affect FORW.
JMHO
SRNW will do just fine and when it does, you'll have yet another screw up to fill your head at night. ...as though your TNSP miscall wasn't enough. This one will swing you over the top. You'll probably land in the looney farm and never leave. Yea, the one in Mexico, no doubt. LMAO!
Like I said before... Barcoding at or under $0.002 for a few months, if not longer. You may end up watching the other tickers leave you behind, if you're still here hoping for hope. If you have a calculator on hand, do the numbers. An OS of 2.2 billion won't drop to the attractive level of 50m without a major RS or redistribution of shares or both. ...just ain't gonna happen! Watch and learn...
SRNW and FORW are joined at the hip. As long as FORW holds unexpired SRNW warrants, the pps will follow that of SRNW. As of January the ratio appears to be as follows: For every $0.17 that SRNW rises or falls, FORW moved a penny. The ratio is based on historic data and could change due to external factors plus the two warrant's respective expiration dates.
All that said...
I'm guessing that the S-1 has been approved. There's no reason for it not to. GS is probably waiting on an approval deadline to either close a deal or continue negotiating. The basis for my guess was basically taken from the same playbook for GVSI where GS set a date and allowed for an extension. The difference being this time is that he's working this deal behind the scenes to avoid a calamity similar to March 15. Just as a guess, maybe that date in question is March 31 or April 1. Knowing GS's cynical humor, I'd take the latter for April Fool's Day.
JMHO
More likely GS is no longer looking but rather negotiating for a close...