Forwardly Inc (FORW)

[I-Glow]

Here is the answer to Blue's question.

The A/S is the Authorized Shares to issue without filing a S-1.


"Since you have researched this issue can you explain something to me that I have been having difficulty researching. If company desires to sell shares into the market to raise capital over time and the shares are available in the AS can they just create the shares as they sell them by reporting an increase in the OS? Or do they need to do an S-1 or other filing and issue shares into their treasury first? I am struggling to understand the dilution process for stocks with a high AS."

The Answer to your question is yes, because the Shares are already Authorized.
"If company desires to sell shares into the market to raise capital over time and the shares are available in the AS can they just create the shares as they sell them by reporting an increase in the OS?"

I explained this earlier if a Toxic Lender agrees to loan the company $2M - with the caveat that the company files a S-1 and when it is deemed effective the toxic lender will make the loan. In the contract I have seen 50% discounts on the average of the 3 lowest prices in the past 30 days (or whatever the terms are) - the S-1 makes the shares free trading immediately - and the 50% discount is what creates dilution.

If you file a Form 10 the common stock which is already tradeable - the A/S can be increased in 15 minutes as it is done at the state level.

With the Sharp shells - his vote is the only one that counts - so Sharp doesn't have to get approval from anyone.

The Common stock can be created by increasing the A/S.

IG