Forwardly Inc (FORW)

[I-Glow]

There seems to be a problem with the S-1. For WNFT the Form 10 was filed on 09/28/2021 and the SEC comments started on October 21, 2021 - in about 3 weeks Sharp received SEC comments.

But for the FORW the S-1 was filed on December 12, 2023 and still no comments from the SEC and it has been close to 4 months since the S-1 was filed and still no SEC comments.

Why hasn't the chatty little Sharp posted on X - what is causing the delay?

A Form 10-12G only registers the securities and does not create trading shares.

Form S-1 is the registration statement that the Securities and Exchange Commission (SEC) requires domestic issuers to file in order to publicly offer new securities. That is, issuers file S-1s for initial public offerings (IPOs) and follow-on offerings of new securities.

A company that is using toxic financing - some lenders require the company to file a S-1 and it be deemed effective before the lender will loan the money.

A Form 10 will register the tradable shares but that is all - they can't issue new shares or new Issuances.

The biggest problem is why it has taken the SEC to comment on the S-1 filing.

A Form 10, S-1, S-3, S-8 are all registration statements.

IG