Worldwide NFT Inc (OTCMKTS: WNFT) is a sleeper with a big name behind it and a huge pent up following of investors ready to buy in big once Warwick Calasse’s appeal is dismissed which could come at any day. As anyone who has followed Mr. Sharp for any time knows, he ALWAYS wins in court. WNFT is a GS revers merger and as we have said, reverse mergers can be more explosive than biotech’s when the incoming Company has real value and the right people behind it. Geroge Sharp has become very well known on the bulletin board circuit as a reverse merger whiz; we all remember GS historic TSNP/HMBL run from sub pennies to over $7 per share with an OS of 4.5 billion dwarfing WNFT OS.
Don’t let the lack of movement or low volume fool you, WNFT has a significant shareholder base and many more on the sidelines waiting for the Calasse appeal to be dismissed so Mr. Sharp can affect a reverse merger. It’s easy to see why WNFT is at the top of many speculators watch list’s; every Goerge Sharp RM had its day; SRNW saw a huge run, even FORW ran to highs near $1 in its day and of course TSNP starting off in the triple zeroes and hitting $7 as HMBL. I reported on that run extensively starting when TSNP was well under a penny. Anyone remember the summer of George? Summer is coming and Mr. Sharp will need another vehicle and WNFT is perfectly positioned. We will be updating on WNFT when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.
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Worldwide NFT Inc (OTCMKTS: WNFT) is a clean virtually debt free fully reporting SEC filer and a highly attractive reverse merger candidate with RM whizz George Sharp running the show. The Company was incorporated in the State of Nevada on July 12, 2010 under the name Goff Corp. The Company was an exploration stage mining company, that engaged in exploration and mining of mineral properties. They focused on gold and silver production. Since 2013, the Company has been dormant and in June 2021, a new custodian took over and will focus his efforts on developing a strategy for this company moving forward, including identifying suitable targets for acquisition.
On May 26, 2021, George Sharp was appointed as Custodian by Order Granting Motion to (1) Intervene, (2) Remove Custodian, (3) Appoint George Sharp as Custodian, and (4) for Temporary Restraining Order and Preliminary Injunction on Order Shortening Time, Case No A-20-815182-B, Dept. No. XVI issued by the District Court of the State of Nevada in and for Clark County. Under his authority as Custodian, George Sharp appointed himself as the sole member of the Board and President, Secretary and Treasurer of the Company by resolutions of the registrant’s Board of Directors on May 26, 2021.
Reverse Merger Whizz George Sharp is a well-known activist known for telling the truth in the microcap markets and doing things right. He works with public companies to help them stay on-side of the regulations, as well as arranges financing, assists with investor outreach as well as consults with financial markets, regulators, authorities and attorneys.
Since Mr. Sharp took over the Company WNFT has become an SEC filer and is fully reporting with audited financials showing a very clean balance sheet, with virtually $0 debt. While bringing current state regulatory filings, the Company has also been busy identifying suitable acquisition targets.
On January 19, 2022, the Company registered with the Secretary of State in Nevada to change their name to Worldwide NFT Inc. FINRA approved the name change, and a forward 3 for 1 stock split of the common shares on June 29, 2022. All common shares have been restated retroactively in accordance with SAB Topic 4C.
$WNFT new 10-Q. Looks like about $33k spent (most likely for the Calasse appeal work and filings with SEC). Sitting and waiting for the Calasse decision from Supreme Court and with him gone, George is free to complete M&A. pic.twitter.com/afgGpWPJjv
— TheBigFlipowski (@donfuckingvalue) February 13, 2023
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$WNFT… "our" choices… anyone who thinks George didn't or doesn't have an incoming Co lined up for all the work he put in and hoops he jumped through needs a check up from the neck up. First Calasse Appeal turfed, Next Merger Reveal. All this tortuous wait will be worth it! https://t.co/76yjOLmUDK
— CoachBarry18 (@CoachBarry18) February 26, 2023
LEGAL PROCEEDINGS – The Company received a notice of appeal to the Nevada Supreme Court filed May 17, 2022 by Warwick Calasse. Mr. Calasse is appealing the decision by the District Court of the State of Nevada in and for Clark County (In the Matter of GOFF Corp., Case No. A-20-815182-B) by an Order dated February 22, 2022 to have the 50,000,000 shares of the Company’s common stock and 5,000,000 shares of its preferred stock issued to Mr. Calasse canceled on the grounds that there was no value provided by Mr. Calasse to justify their issuance to him.
The Company filed an Amended Complaint against Warwick Calasse in the in the District Court for Clark County, Nevada (Case No.: A-22-858709-B) on September 29, 2022 seeking compensatory and punitive damages on behalf of the Company against Mr. Calasse and alleging that he breached the Consulting Agreement he claims to have entered with the Company and that he breached the fiduciary duties he owed to the Company. While the case is ongoing, resolution could come any day. As anyone who has followed Mr. Sharp for any time knows, he ALWAYS wins in court.
The last press release from the Company was in July of last year where they went over the case with Warwick Calasse stating: With the completion of the company’s name change and forward split, WNFT is now awaiting the conclusion of the court proceedings with former officer, Warwick Calasse. Mr. Calasse has appealed the lower court’s rulings regarding the cancellation of shares, previously issued to him, to the Nevada Supreme Court. While the company is confident that the rulings will be upheld, it is unlikely that the company can enter into any acquisition or reverse merger agreement during the course of this litigation. As such, no such transactions can be deemed to be pending…While the company is confident that the rulings will be upheld, it is unlikely that the company can enter into any acquisition or reverse merger agreement during the course of this litigation. WNFT is in the process of negotiating up to $5 million in equity financing to be used as operational capital by successful acquisition or reverse merger targets.
While the name NFT might scare some away because NFTs are dead and most probably are (hopefully) dead forever, Worldwide NFT Inc is a reverse merger play and has nothing to do with NFTs. As we have pointed out WNFT is a highly attracting reverse merger candidate fully reporting SEC filer with audited financials are they are virtually debt. An RM candidate of this caliber can attract a really valuable Company looking to gain access to the public markets. Mr. Sharp has had plenty of time to negotiate and who knows what he has lined up behind the scenes, however we can assume that once the Calasse appeal is dismissed things will move quickly here.
$WNFT peep that accumulation .. back to where it was with PPS was .20+ — this thing is ready to explode on news pic.twitter.com/Zif1gntyxK
— Suggs (@Real_GSuggs) February 23, 2023
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Currently trading at a $28 million market valuation WNFT os is 534,750,000 with 177,250,00 in the public float according to OTCMarkets. WNFT is among the most exciting stories happening in small caps right now and things are vamping up as Warwick Calasse’s appeal could be dismissed any day and once that happens Mr. Sharp can get busy executing a perfect early summer Reverse Merger. WNFT is priced cheap, has a fraction of the os that TSNP has, is an SEC filer, virtually debt free with audited financial statements and Anyone remember the summer of George? It was amazing and everyone is looking forward to another summer like that. We will be updating on WNFT when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.
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Disclosure: we hold no position in WNFT either long or short and we have not been compensated for this article.