Forwardly Inc (FORW)

[I-Glow]

The S-1 was required by Brighton Capital so their shares are free trading immediately.

Just another toxic note. "Any redemption with shares of our common stock shall be at the “market price” which is defined as 80% of our lowest closing trade price for the 10 consecutive trading days prior to the date on which the market price is measured."

More dilution and the note can be converted and sold not 12 months from the time the S-1 was deemed effective - but from the anniversary of the note.

"Under the terms of the note, Brighton Capital has a right of redemption commencing on the earlier of the effective date of this Registration Statement and the 12-month anniversary of the note"

So Brighton can start converting and dumping immediately.

IG