Stockholder Update. George Sharp, was hired on October 10, 2018. 5) Issuer’s Business, Products and Services The purpose of this section is to provide a clear description of the issuer’s current operations. In answering this item, please include the following: A. Summarize the issuer’s business operations (If the issuer does not have current operations, state “no operations”) The Company is a holding company organized with a goal of investing, acquiring and managing a diversified portfolio of profitable, growth-oriented companies. B. Describe any subsidiaries, parents, or affiliated companies, if applicable, and a description of their business contact information for the business, officers, directors, managers or control persons. Subsidiary information may be included by reference NONE C. Describe the issuers’ principal products or services, and their markets The Company focuses its efforts on the investment, acquisition and development of various businesses. The Company is actively pursuing investment, acquisition and development of target businesses and expects to secure an investment or acquisition in the near future. Because of management expertise and business alliances the Company expects to succeed in future ventures in growth industries with vast potential within the domestic U.S. market.
FAILURES
On May 26, 2020, the Company and Ligand Innovation Global, a Canadian Corporation (“Ligand”) entered into an Exclusive Distributor Agreement (“Distributor Agreement”).
On June 1, 2020, the Company formed Breathe Medical Devices, Inc.,
On June 22, 2020, the Company paid Starsona a good faith deposit on there acquisition as they continue to negotiate the terms of the definitive agreement.
On November 23, 2020 (closed on December 4, 2020), the Company and HUMBL Inc. (formerly Tesoro Enterprises, Inc) (“HUMBL”) entered into a Warrant Purchase Agreement (“Warrant Agreement”).
NOTE 7 – NOTE PAYABLE – RELATED PARTY On November 18, 2021, The Company’s CEO, loaned the Company $2,000,000 to allow the Company to purchase the Warrant Shares under the terms of the Share Registration Agreement. The loan is due November 22, 2022 with annual interest of 8% per annum. Interest expense on the note for the year ended December 31, 2021 and accrued at December 31, 2021 is $16,658 So George loaned the company to buy the warrants thus they were never purchased by FORW!
The Promissory Note is to be repaid in five equal monthly payments of $440,000 commencing November 15, 2022 with final payment due on March 15, 2023. The Company received four of the five installments, including the January and February 2023 payments on December 30, 2022 and agreed to extend the March 15, 2023 payment to June 15, 2023. As of December 31, 2022, the balance of the note receivable is $440,000 This is the funds That is claimed George loaned the company and then got paid back. The company made $0 on the deal.
NOTE 6 – NOTE RECEIVABLE On April 12, 2021, the Company invested $200,000 in the form of a one-year fixed rate convertible loan in Maverick Energy Group, Inc. (“Maverick”) he convertible loan bears interest at the rate of 15% per annum, and is convertible into shares of Maverick’s common stock at $0.20 per share. The loan agreement also provides the Company with a two-year warrant enabling the Company to purchase up to 2,000,000 shares of common stock at $0.35 per share. Accrued interest receivable on this note for the year ended December 31, 2021 and as of December 31, 2021 is $21,616.
Taken fron the latest annual report.
A. Summarize the issuer’s business operations (If the issuer does not have current operations, state “no operations”) The Company is a holding company organized with a goal of investing, acquiring and managing a diversified portfolio of profitable, growth-oriented companies.
At this time the Company does not have any significant tangible assets and is in the process of identifying suitable targets for acquisition. The Company does not own or lease any real estate other than a month-to month for virtual office space.
SUMMARY As of October 18, 2025 it will be seven years that George has run the company. As there are no assets he has accomplished nothing for the stockholders.
Based on the above facts taken fro FORW filings, George is no different than any other scamming OTCM CEO.
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