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Re: ARobinson post# 11273

Thursday, 01/23/2025 11:22:37 PM

Thursday, January 23, 2025 11:22:37 PM

Post# of 11638
It’s good to finally see some movement, even if it’s just to “clean house.” As you know, FORW has made several investments, all of which need to be addressed or removed in some form. Withdrawing the S-1 could be a simple and efficient way to start that process. My guess is that there’s a merger candidate in the wings who wants a clean slate. At least for now, based on his comments to the SEC, it seems like he’s prioritizing existing shareholders’ interests.

By withdrawing the S-1, he now has the flexibility to reorganize operations, form strategic partnerships, or even make changes in leadership or business focus before revisiting the idea of an IPO. I also wouldn’t be surprised if the remaining SRNW warrants are canceled as part of a new plan.

I’m seeing similar reorganization efforts with GVSI, though the situation there is far more complicated. The share structure is messy, and cleaning it up will be a challenge—the OS is massive, and the history is tangled. On the flip side, WNFT and SRNW seem to be on much firmer ground.

No need to worry—GS isn’t about to abandon his tickers. There’s no reason for him to do so, especially with such a favorable crypto environment unfolding. Now that Trump is in office, I’d expect more positive updates in the coming weeks.