Monday, July 24, 2023 7:36:54 PM
1- Because the CEO has something lined up, or
2- Because the CEO wants people to think he has something lined up.
Forget that it's Sharp for a moment, pretend that it is Frank. Frank has three custodianships he needs to merge and changes the name. Does the logic "he must have something lined up" still apply?
It could. But as we've seen with several scam companies lately (IGEX comes to mind), CEOs will say things knowing that investors will take them at face value and not question whether it will actually happen. And before you balk and say "but Sharp is different!", please explain to me whether FORW ever bought warrants from WNFT or not, or whether FORW is about to finally get the acquisition Sharp teased in March, or if FORW is about to file audited financials.
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