Replies to post #5664 on Reverse Mergers & Low Float Plays

[Potse]

FWFW(.45)...disposal/acquisition transactions a couple of weeks ago.......

29.6M outstanding
452K unrestricted
400K DTC

I increased my position in FWFW yesterday by buying a little more than 15K shares at sub-45 cent prices. Ideally I would have liked to just bid sit, but my experience over the last couple of years on FWFW (difficult to buy, my high bids getting passed over, etc) made me want to be more aggressive with my buying.

FWFW disposed of its primary asset/business (QBS System) a couple of weeks ago and acquired a 9.38% equity position in Flywheel Financial Strategy (FFS). This is the company that was supposed to be the reverse merger target when Roy Tang first gained control of the shell. And that is what I thought I was buying into when I first started purchasing shares back in 2022. But they never actually vended FFS into the shell, and instead they acquired QBS System and also started forming a robot distribution company. To complicate matters, throughout all of this time the management/company has made it sound like the reverse merger between FWFW and FFS did in fact take place. So this has made for a somewhat confusing/puzzling situation over the years.

I don't know if they are now planning to acquire control of FFS or if these transactions are just part of some broader corporate strategy. The timing for entry/accumulation just seems particularly attractive to me at this moment in time. Investors seem to be a little more receptive recently to some of these low float plays. Given the current relatively tight share structure, and the fact that there appears to be some increase in corporate activity taking place, I would like to have a position built before any more potential catalysts might appear. It would be nice if FWFW turned into one of those sub-50 cent to multi-dollar type of plays.