Forwardly Inc (FORW)

[NoMoDo]

You are correct, they won't sell. There are convertible loans however that will likely be converted. The loans are at a fixed price - which is good. The first one is $50k worth at 1.2 cents. That comes out to about 4mil shares. That means that we will likely see around 1.2 cents/share for a few months - or someone could buy $50k worth of stock and get it over with. The next loan is at 5 cents. Once the first loan has been converted, expect the price to mysteriously rise slightly above .05 so the next company can unload. Surf will tell you that this is bad for everyone - because it is dilution. But if you own stock at today's price, this dilution could be a 4 bagger.

I have been reading your posts and am in agreement with most of what you have been saying. However, I believe that Sharp's reason for the S1 was to get rid of this debt first because he knows that the conversion is fixed. That means that there is little downside for converting at or below 1.2 cents, but little upside in raising the value of the company while someone is dumping 4 mil shares at a fixed price. Once the debt is sold, I expect a merger to be announced and Sharp to retire.