Replies to post #343388 on Forwardly Inc (FORW)

[knrorrel]

This is great new information and I learn something new every day and because I'm not from America, I find it very interesting how things are going in your country and I think you are right and I have noticed that $FORW has shown very good strength in the last few days and does not want to go down! ........ The tendency is rather that this stock $FORW wants to go up. There are definitely some reasons running in the background, so I think we have an exciting time ahead of us and the patient ones will be the winners.

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!

[surfkast]

No. The SEC will upload the document once effective

Is it possible that FORW's S-1 was actually marked effective on 1/24/2024? And it' being kept confidential

Notifications of effectiveness for Securities Act registration statements and post-effective amendments (other than those that become effective automatically by law) are now posted to the EDGAR system the morning after a filing is determined to be effective. The new EDGAR form type for these notices is EFFECT.

https://www.sec.gov/edgar/searchedgar/edgarsearchupdates.htm#:~:text=Notifications%20of%20effectiveness%20for%20Securities,for%20these%20notices%20is%20EFFECT.

EDGAR Search

https://www.sec.gov/cgi-bin/browse-edgar?company=Forwardly&match=&CIK=&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany

[MrSmith18]

I'm not surprised to hear that the S-1 was approved back in January. There just wasn't any hard evidence in favor of a decline. The fact that it hasn't been posted officially also doesn't surprise me. I'm sure GS has found some minor technicality to stall the SEC from publishing it.

...which leads me to believe that GS is prepping for a very determined re-entry with a deal that not even his angriest opponents will be able to derail.

I'm of the belief that GS (with the advise of his Israeli partners) orchestrated an ugly scenario to achieve two goals. First, they had to get rid of the unruly OTC retail shareholders/flippers. They had become a liability for any deal and had to go. So far it appears by the reduced number of messages on this board and others that he's removed the undesirables. Second, he's opened up his SPAC to the would be investors to pick up some cheap shares. As DrugDoctor noted on the SRNW board recently, the accumulation numbers for SRNW have increased notably in the past few weeks. By redistributing shares from weak hands to stronger ones, GS can close an awesome deal, especially with SRNW, since its float is a mere 50m shares. Any rise in SRNW will also affect FORW.

JMHO

[MrSmith18]

I'm not surprised to hear that the S-1 was approved back in January. There just wasn't any hard evidence in favor of a decline. The fact that it hasn't been posted officially also doesn't surprise me. I'm sure GS has found some minor technicality to stall the SEC from publishing it.

...which leads me to believe that GS is prepping for a very determined re-entry with a deal that not even his angriest opponents will be able to derail.

I'm of the belief that GS (with the advise of his Israeli partners) orchestrated an ugly scenario to achieve two goals. First, they had to get rid of the unruly OTC retail shareholders/flippers. They had become a liability for any deal and had to go. So far it appears by the reduced number of messages on this board and others that he's removed the undesirables. Second, he's opened up his SPAC to the would be investors to pick up some cheap shares. As DrugDoctor noted on the SRNW board recently, the accumulation numbers for SRNW have increased notably in the past few weeks. By redistributing shares from weak hands to stronger ones, GS can close an awesome deal, especially with SRNW, since its float is a mere 50m shares. Any rise in SRNW will also affect FORW.

JMHO