Replies to post #115372 on TAP Real Estate Technologies Inc (RWAX)

[OMOLIVES]

Given the unknowns....this smells pretty good..:

The issue I am referring to is whether there was any agreement to keep FORW whole if the stock tanked.

That would have made the exercise of the warrants a loan and therefore not “fully paid and non-assessable”. And that is illegal.

Sharp knew where the stock was going to go...he just didn't think those holders would be so egregious with their conversions and selling of such. He thought he had more time apparently....not to mention...and this may be the key...:

The delay of the Company to issue his shares. I know I talked about that a long time ago..as in the stalling tactics via HUMBL

[NoMoDo]

You said you read the agreements, yet you wonder if there was an undisclosed agreement to "keep FORW whole if the stock tanked."

I wonder if in those verbal agreements (or agreements written in invisible ink) whether I was specifically mentioned and if they planned on making me whole. Let me know if you find something.

Verbal agreements are only as good as the paper they are written on.
"We agreed you would buy me a car and I have witnesses."
"We later agreed that we cancelled that agreement, and I have witnesses."
Four corners rule anyone?

More likely it was a violation of the consulting agreement, breach of fiduciary duty - the RS decisions, and how it affected FORW's warrants specifically. The warrants were offered as part of a package that included brokering a reverse merger likely in liu of an immediate payday. I think Foote might have been wise to settle with Sharp and keep him as an ally.