$FORW's pr of yesterday neglected to inform shareholders that while the first $SRNW warrant has expired, the expiration date of the second warrant was extended to 12-31-2026 & the exercise price was lowered to $.10. Forwardly has exercised 200,000 of these warrants.
$FORW's Ligand Innovation Global receives a grant from the Canadian Government & a grant from the Canadian Medical Alliance. The LifeAire (VitaCaeli) G1 portable ventilator's newest prototype is shown below. Details to come in New Year press release.
https://t.co/2iAB21LxBA
Tomorrow, $FORW will file a Form S-1 to register all shares & become SEC reporting, a requirement for the company's next transaction. Although "Selling Shareholders" will be listed, these are NOT new shares nor necessarily sellers, but how unregistered shares become registered.
$FORW has also cancelled the warrant agreement with $WNFT and will commence the audit following the determination of the acquisition.
https://t.co/x7zRb2qUQP
$FORW is pleased to announce that Ligand Innovation Global has been invited by the US FDA for a review of the application seeking approval for the VitaCaeli G1 Ventilator via video conference on Friday 18th November at 11AM EST.
1/3 $FORW has issued 79,330,420 (restricted) shares in exchange for matured debentures issued in 2020. These notes (principle & interest) were converted @ $.02/share & the company is grateful that the holders agreed to convert at a price slightly above the current trading price.
2/3 The money obtained from debentures facilitated $FORW's investments in HUMBL, Maverick Energy & Ligand Global as well as the cost of doing business as a pubco. Not a penny was paid in salaries/consulting fees & the company's only debt is to CEO Sharp who provided cash loans.
3/3 While the new issuance may be considered to be dilutive, share issuances are necessary for legitimate non-revenue "start-ups" like $FORW to obtain cash in order to conduct business. All pubcos issue stock either to raise money, reward employees or pay dividends.
Regarding the OTC Markets "Pink Limited? designation: We did not realize that the upload of the Q1 financials did not upload correctly. That error has now been resolved and we expect that $FORW will be "Pink Current" again soon.
$MKGP Work has begun! Maverick personnel have started preparing the first 15 wells to resume production this week on Maverick's 10,000-acre lease in Pecos County, Texas. #oil#gas#oilandgas#naturalgas