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NoMoDo

11/21/22 10:26 AM

#115338 RE: surfkast #115337

Great, thank you for playing...
So Forwardly has a $2mil loan on the books that is taken away. Sounds like good news to me.

As of November 15, 2022, $1.4 million of the principal remained unpaid on that loan from the CEO.


So if $1.4mil principal remained, that means that FORW will have $600k in cash and 10mil HMBL shares. Plus no debt for this. I'd say that is great news for FORW.

Plus - and this is the important part... If that $1.4mil balance isn't immediately paid off, what will FORW do with the money? Even if it is paid off immediately - which it likely will be, there is that $600k of play money available.