Forwardly (OTCMKTS: FORW) is the colossal runner that skyrocketed from $0.0011 to recent highs of $0.98 per share in recent months attracting legions of new shareholders and emerging as a volume leader in small caps. FORW follows in the footsteps of TSNP which saw highs of $1.69 today on $350 million in dollar volume.
FORW made headlines last year after the Company’s June 1st formation of “Breathe Medical Devices, Inc.”, a wholly owned Wyoming corporation. This subsidiary is the operating arm for Forwardly’s recent acquisition of the exclusive US distribution rights to LifeAir, a patent pending, non-invasive ventilator currently under development by Ligand Innovation Global, a Canadian corporation. A newer iteration of the LifeAir ventilator is currently being engineered for a summer 2020 submission to the US Food and Drug Administration (“FDA”) and Canada Health in the hopes of obtaining fast track approval. A demonstration of a prototype of the LifeAir ventilator is available for viewing at www.LigandGlobal.com.
Forwardly (OTCMKTS: FORW) operating out of Boulder City, Nevada is an opportunity investor seeking to finance fresh ideas. Until January, 2020 the Company was Guard Dog; an opportunity investor seeking to finance fresh ideas. The Company is headed by stock whizz CEO George Sharp of TSNP fame; a stock that skyrocketed from $0.003 to $1.69 highs. Mr. Sharp is an experienced businessman with a diverse background in information technology and growth companies. After studying at Canada’s University of Waterloo, George joined the Engineering Department of the City of Calgary’s Electric System. There, George engineered a software application to more accurately examine the physical stresses on electrical wood poles. In the 1990s he went on to found Progressive Microsystem Designs.
In December FORW made a cash investment in Tesoro Enterprises, Inc. (OTCMKT: TSNP), soon to be renamed HUMBL, Inc., as one of two parties to purchase Tesoro warrants. These warrants enable Forwardly to purchase up to 500 million shares of Tesoro common stock within a period of two years. The agreement between Forwardly and Tesoro was entered into on November 23, 2020, and its closing was contingent on the completion of the merger between HUMBL and Tesoro Enterprises, Inc., which has now taken place.
According to Mr. Sharp, “HUMBL’s business model and leadership in blockchain based, global payment systems made this investment especially interesting to Forwardly. The investment has already proven to be mutually beneficial. As a result of the public’s enthusiasm in HUMBL’s endeavors, and the fortuitous timing of the execution of the purchase agreement, the warrants negotiated by Forwardly are already well in the money, and Forwardly owns an asset currently worth over one hundred million dollars. This will provide us the leverage to raise additional funds for all of our projects at optimally attractive terms.”
HUMBL, Inc. President, Brian Foote, stated, “George’s assistance with the HUMBL merger and his ability to guide us through the process of being a public company made a relationship with Forwardly a natural event. We look forward to a continued relationship with him, both as an advisor to HUMBL and in his capacity as President of Forwardly.”
On January 4 FORW announced the company’s common shares have been deemed eligible by the Depository Trust Corporation (“DTC”) for electronic transfer through the Deposit/Withdrawal at Custodian (“DWAC”) platform. DWAC eligibility makes Forwardly much more attractive to future investors in the company and its projects, as shares which are issued in certificate form are not accepted for deposit by most brokerage firms
Mr. Sharp also announced that the shareholder video conference call, previously scheduled for January 12, 2021 has been rescheduled to February 16, 2021 to coincide with the release of the company’s annual financial report. Further details regarding the conference call will be released in a future press release.
This Friday evening I’m thankful for $FORW. 🚂💰Hop on the train!
— David Pride (@DavidaPride) February 5, 2021
For More on FORW Subscribe Right Now
Christopher Ferraris is a third-year student at Temple University in Philadelphia. Having already completed an Associates Degree in Psychology, Christopher is now finishing his Bachelor’s degree in Finance. In preparation for working in the financial sector, Christopher is writing financial content and analysis. Every day, Christopher works on articles regarding the following topics: finance, cryptocurrency and technology.