Replies to post #343467 on Forwardly Inc (FORW)

[Blue Skys]

Since you have researched this issue can you explain something to me that I have been having difficulty researching. If company desires to sell shares into the market to raise capital over time and the shares are available in the AS can they just create the shares as they sell them by reporting an increase in the OS? Or do they need to do an S-1 or other filing and issue shares into their treasury first? I am struggling to understand the dilution process for stocks with a high AS.

[I-Glow]

There seems to be a problem with the S-1. For WNFT the Form 10 was filed on 09/28/2021 and the SEC comments started on October 21, 2021 - in about 3 weeks Sharp received SEC comments.

But for the FORW the S-1 was filed on December 12, 2023 and still no comments from the SEC and it has been close to 4 months since the S-1 was filed and still no SEC comments.

Why hasn't the chatty little Sharp posted on X - what is causing the delay?

A Form 10-12G only registers the securities and does not create trading shares.

Form S-1 is the registration statement that the Securities and Exchange Commission (SEC) requires domestic issuers to file in order to publicly offer new securities. That is, issuers file S-1s for initial public offerings (IPOs) and follow-on offerings of new securities.

A company that is using toxic financing - some lenders require the company to file a S-1 and it be deemed effective before the lender will loan the money.

A Form 10 will register the tradable shares but that is all - they can't issue new shares or new Issuances.

The biggest problem is why it has taken the SEC to comment on the S-1 filing.

A Form 10, S-1, S-3, S-8 are all registration statements.

IG

[surfkast]

Don't confuse restricted with unregistered shares . Then it becomes clear.