Replies to post #343379 on Forwardly Inc (FORW)

[surfkast]

If the S 1 was approved the SEC would have filed a NOTICE OF EFFECTIVENESS statement.

[ARobinson]

Hey MrSmith18, I got curious and found something interesting. Per this the OTC Updates Twitter handle, 141m shares were added to FORW float on 1/24/2024. This is the approx. the same number of shares that was registered in the FORW S-1 (~138m).

ChatGPT says: Yes, when an S-1 registration statement is marked effective by the SEC, the newly registered shares are typically added to the company's float. The float refers to the number of shares actually available for trading by the public. Once the SEC declares the S-1 effective, the company can issue the registered securities, and these shares can then be traded on the open market, thereby increasing the float.

Is it possible that FORW's S-1 was actually marked effective on 1/24/2024? And it' being kept confidential because it in some way reveals the SRNW merger? Thoughts? Thanks!

[ARobinson]

Hi MrSmith18, given that we've gone beyond April 1 now do you think they have extended the date for close? Any thoughts on this?