TAP Real Estate Technologies Inc (RWAX)

[al19]

Agreed they needed the cash and George clearly said he had no intentions of selling at discounted price.


Forwardly Arranges for $2 million in Non-Dilutive Debt Financing; Will Commence Exercising HUMBL Warrants
November 19, 2021 09:00 ET | Source: Forwardly, Inc.




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Henderson, NV, Nov. 19, 2021 (GLOBE NEWSWIRE) -- Forwardly, Inc. (OTCMKT: FORW), announced today that it has arranged for $2 million in debt financing from its CEO, George Sharp. Under the terms of the 12 month loan, Mr. Sharp shall be entitled to an interest rate of 8% APR. The loan is not subject to conversion into Forwardly stock.

Proceeds from the loan will be used to immediately purchase 10 million shares of HUMBL, Inc. (OTCMKT: HMBL) through the partial exercise of a warrant the company holds to purchase up to 125 million warrant shares through December 2023 at $.20 per share. Forwardly will be unable to sell these shares until they are registered with the SEC, and the company has no intention of disposing of any stock at depreciated values.