Forwardly Inc (FORW)

[I-Glow]

You don't seem to understand that the warrants are in addition to the convertible notes.

"August through September 2019 $300,000
Notes convertible into common stock at $0.0032 per share, 15% interest, due one year from issuance (August through September 2020) with issuance of 46,875,000 warrants with a term of three-years and an exercise price of $0.0064 per share."

The $300k plus interest converts at $0.0032 that is a 67% discount.

And the warrants are exercised at $0.0064 which is a which is a 35% discount. These can be exercised anytime in the next 3 years.

So it most certainly is a toxic loan or loans.

IG