I-Glow
2 days ago
FORW owned warrants from HUMBL - all the shareholders that were counting their millions didn't understand what the strike price was which was $0.20 and by the year when FORW could exercise the warrants - they were worthless because the HUMBL price was below the strike price.
But it was an inside job because Sharp filed a lawsuit against HUMBL and it was quickly settled.
Sharp had stated he loaned FORW $2 million to purchase the warrants - so the money went back to Sharp.
Sharp got the true believers once again.
"FORW holds SRNW warrants. Warrants are similar to call options with a longer expiration date. So, having FORW own warrants of SRNW means that SRNW is guaranteed a cash infusion, if and when the warrants are exercised prior to their expiration date."
"1 warrant at an exercise price of $0.30 per share expiring December 31, 2024 and 1 warrant at an exercise price of $0.50 per share expiring December 31, 2026"
The price of Stratos is below the strike price of the warrants so they are worthless.
What kind of pinky fantasyland are you living in.
"As I mentioned in an earlier post, a possible scenario is to close the FORW merger with the Healthcare Company using the SRNW warrants as a 'deal sweetner' with a potential cash infusion."
There isn't a FORW merger with a Healthcare company.
And the warrants can't sweeten the deal because they are worthless.
IG
MrSmith18
5 days ago
FORW holds SRNW warrants. Warrants are similar to call options with a longer expiration date. So, having FORW own warrants of SRNW means that SRNW is guaranteed a cash infusion, if and when the warrants are exercised prior to their expiration date.
As I mentioned in an earlier post, a possible scenario is to close the FORW merger with the Healthcare Company using the SRNW warrants as a 'deal sweetner' with a potential cash infusion. The cash infusion would occur after the warrants have been exercised. They could use the equity from the warrants as collateral (assuming GS restricts the equity for a specific time period like two years) or simply use it to boost their own MC, then sell their own shares at a higher price. In brief there are lots of interesting options for them to raise capital efficiently.
On the other hand, SRNW would receive a cash infusion once the SRNW warrants are exercised. GS might choose to award SRNW with FORW warrants as an equalizer. Again, either way you look at it, the combination of cash infusion with an increase in MC from both deals would reduce any dilutive effects from a stock sale.
It's all hypothetical but possible.
JMHO
gr8grins
5 days ago
@mrsmith18, If SRNW is ARM holdings for example, did GS intend for FORW to go to SoftBank? And now the FORW plan has changed to a healthcare company? If so, why would ARM holdings allow for a random healthcare company to own so much of its equity for free? I would think they would cancel the FORW warrants before proceeding with a DA with the healthcare company, and if so, why havenβt we seen any evidence of such change?
MrSmith18
6 days ago
Your spectacular prediction is starting to line up nicely! Let's hope it explains the uncanny silence and disregarding attitude from GS for the past few months. I'm sure he learned a lesson or two from the GVSI debacle last March. Every indication points to his Israeli partners having taken the reins from him, ...a needed move, in my opinion. His Israeli partners were capable of stopping his GVSI deal. I'm sure they did so with positive corrective actions and suggestions.
Now it's a matter of waiting patiently.
My inclination based on GS's rhetoric regarding Rosen and others is that GS wants to reward his most loyal followers. If his intent is to screw them as some bashers here have been harping for months, then his whole mission as an OTC scam detector would greatly diminish his purpose in life. Everything he ever stood for would no longer have meaning including his horse racing and kennel support initiatives. It's an unlikely outcome considering that the effort needed to close a deal is very doable in the current economic environment.
My guess is that SRNW is moving forward as part of a larger deal, while FORW is pending a 5th or even 6th rewritten agreements with a health-related company. Although GS stated that he didn't feel the deal would close, I disagree. He just said that to avoid feeding any hype, ...a good lesson finally learned!
GVSI's recent move has P&D written all over it, since there's no news to back it up, while WNFT is a pure gamble play. Both won't see the light of day, if at all, by some time in mid 2025. They are 'dead money' for now.
JMHO
MrSmith18
1 week ago
If they have to list on the OTCM as you suggest then, yes, there's a possibility that SRNW has been considered for this deal. Not because of GS but rather because SRNW is clearly one of the cleanest shells on the OTC. For it to happen, however, it remains to be seen who GS's Israeli partners actual are and how well plugged-in they maybe with the key players.
That last piece of the equation is pure speculation. ...and even if a deal were struck, there's no clear path as to how current SRNW and FORW shareholders would benefit.
I personally hope they come up with a boring international energy company that is looking to diversify their capital market access in the US.
JMHO
MrSmith18
2 weeks ago
I'm moving the 'goal post' out to September for a couple of reasons. GS has no more room for error and must get this one spot on, otherwise, he's not retiring for a long time. I would expect that once his partners give him a green light, GS will want to do some of his own DD as well.
Knowing GS for his love for surprises, I wouldn't be upset if he picks a date in August, right when markets are at their max lull and traders are on vacation. That said, he'll probably pick a specific date that has some historic significance. That's how most people who have been cornered for some time like to stamp their moment of vindication. You have to believe that GS is pretty fed up with the past few years and would like nothing more than to stuff it down his many acquired naysayer's backsides.
He seems to be practicing his lines with his X tweets on Rosen & Co. already.
JMHO