Forwardly Inc (FORW)

[MrSmith18]

Nice to see a little progress finally. No surprises, really. The S-1/A sums up most of what we've known all along. 137m restricted shares will become unrestricted. In the meantime, their $0.02 valuation is a formality prior to final approval. The question becomes why has GS who owns 70% of the voting rights has elected to essentially increase the tradable float by 137m shares.

Based on my earlier post, I believe GS has handed over his merger-seeking duties to another party, which I'm guessing to be Israeli-connected partners or even an existing shareholder(s) who is currently holding restricted shares. The list of restricted shareholders seem to have gained GS's attention (and for good reason) and are looking to have the option of cashing out (partially or wholly) once a merger is announced. The 137m shares are already counted in the OS, hence this S-1 once approved will not initially dilute existing shareholders.

What was more meaningful than this S-1/A was GS's tweet today to GVSI shareholders. He made it clear to everyone that GVSI's recent pps rise was unfounded. The tone of his tweet confirmed to me that someone has read GS the riot act to clean up his erratic behavior.

JMHO