Replies to post #64356 on Worldwide NFT Inc (WNFT)

[Yolo]

Facts or proof Sharp "engineered it that way?"
Let the conspiracy speculation continue.

I said:

If he was CEO of only WNFT, he wouldn't have allowed FORW to breach the contract. But since he's CEO of FORW and WNFT, he engineered it that way.

Yes, there are facts and proof that Sharp engineered it that way, as in FORW canceled the warrant agreement with WNFT without repercussions or payment of the $200k owed to WNFT.

The facts are that Sharp is CEO of FORW and WNFT. Last July, both companies announced that they had reached a warrant agreement and that FORW would pay WNFT $200k for warrants that execute at $0.32. But nothing ever happened, FORW never paid WNFT the $200k, and it was never included in the 10Q/10K filings with the SEC.

In March, FORW announced that the warrant agreement was canceled. Canceled, not voided, there was no claim that they never existed, only that FORW would no longer honor it.

Sharp, as CEO of both companies, clearly made the decision to cancel the warrant agreement and not pay WNFT the $200k it was owed. However, Sharp, as CEO of WNFT, has a fiduciary duty to demand that FORW pay WNFT the $200k. Yet he did nothing.

I'm not sure what you're referring to as conspiracy speculation, it's all very black and white and factual. A true CEO, without a conflict of interest, would have demanded compensation or taken them to court.