MrSmith18
9 hours ago
The long-awaited PR has finally arrived, and it was pretty straightforward. GS's S-1 filing under the 1940 Act may see "changes" in 2025, with the key adjustments likely being internal.
My take? Ligand seems to be approaching significant approvals in Q2, while SRNW's warrants could gain traction with a merger. If either of these materializes, GS may continue treating FORW as an investment company and maintain the 1940 Act filing. If not, he could remove both investments and switch to filing under the 1934 Act.
Meanwhile, he's still hunting for deals. As I mentioned earlier, despite crypto’s recent surge, its near-term trajectory remains uncertain. With Trump locked in a tariff battle, I’d say crypto as well as any potential mergers are on the back burner for now.
JMHO
I-Glow
10 hours ago
What has Sharp accomplished - issuing a fluff filed press release - talk is cheap.
I believe your opinion on the press release isn't $0.02 but more like trips.
Providing is providing a PR from a non-reporting company that doesn't have any disclosure regulations.
Generally, it’s easier to get an S-1 approved under the 1933 Act than under the 1940 Act, assuming you’re not an investment company.
Here’s why:
Scope: The 1933 Act focuses on disclosure for one offering. The 1940 Act demands ongoing regulatory alignment—your whole business gets dissected.
SEC Questions: Under 1933, comments are about clarity (e.g., “Define your market risk”). Under 1940, they’re structural (e.g., “Prove you’re not over-leveraged”), requiring deeper analysis and often operational changes.
Cost and Time: A 1933 Act S-1 might take 2-6 months and $100K-$500K in fees for a small firm. A 1940 Act filing doubles or triples that due to specialized legal work and compliance—Forwardly’s withdrawal proves the point.
Flexibility: The 1933 Act lets most companies pass with good paperwork. The 1940 Act locks you into a narrow lane—deviate, and you’re stuck.
Investment Company Act of 1940: S-1 in Context
Purpose: Regulates companies whose primary business is investing in securities (e.g., mutual funds, hedge funds). If the SEC deems you an “investment company,” you must register under this act, even for an S-1 offering.
Process: Filing an S-1 under the 1940 Act means you’re not just disclosing an offering—you’re registering as an investment company. This piles on extra requirements: investment policies, portfolio details, compliance with leverage and diversification rules, and often a separate Form N-1A (for mutual funds) or similar. The S-1 becomes a hybrid, blending 1933 Act disclosure with 1940 Act obligations.
Scrutiny: Much higher. The SEC doesn’t just check disclosure—they evaluate your structure against 1940 Act rules. Are you really an investment company? Do your investments comply? This can lead to existential questions, not just clarifications.
Difficulty: Significantly harder. The 1940 Act’s rules are complex—legal and accounting burdens soar. Forwardly withdrew their S-1 because the “burden of work and expense” was too much, a common reaction when hit with this shift.
Hopefully that helps you understand the Act of 1940 and reduce your giddiness about Sharp duping you once again.
IG
Major Profits
5 days ago
Yes it was, but:
Search Labs | AI Overview
The forward split for SRNW (Stratos Renewables Corporation) was effective on December 16, 2022, with a split ratio of 5:1.
Here's a more detailed breakdown:
Split Date: December 16, 2022
Split Ratio: 5:1
Refinitiv Data: Refinitiv data indicates the last split factor was 5:1, with the last split date being 2022-12-16
Was there TWO of them in 2022?
Search Labs | AI Overview
Stratos Renewables Corporation (SRNW) had a forward stock split of 5:1 on January 13, 2022.
Here's a breakdown of the details:
Date:
The split was effective on January 13, 2022.
Type:
It was a forward stock split, meaning the company increased the number of outstanding shares and proportionally decreased the stock price.
Ratio:
The split was a 5-for-1 split, meaning for every one share held before the split, shareholders received five shares after the split.
Effect:
The stock price per share decreased to one-fifth of its pre-split price, while the number of shares outstanding increased fivefold.
Ticker Symbol:
The ticker symbol for SRNW, Stratos Renewables Corporation, remained the same.
This is what the 5-year SRNW chart at Barcharts now looks like:
MrSmith18
2 weeks ago
Keep an eye on FORW—someone has been steadily accumulating large blocks at the offer over the past few weeks. We might find out why once GS releases the pending PR.
Quick rundown:
- GVSI was a shareholder-driven pump-and-dump. Never liked the ticker, still don’t, and won’t unless GS cleans up the mess with at least a 1:10,000 reverse split.
- WNFT had potential until Callesse derailed it. Might be worth holding, but if its future hinges on NFT adoption, give it another year or two. A name change by GS could make its share structure attractive for a solid deal.
- SRNW moves with FORW—when one runs, the other will follow.
JMHO.
I-Glow
4 weeks ago
Sharp been the CEO of FORW for 6 years and so far he hasn't accomplished anything of value - except to destroy shareholder value.
You posted: "That said, I’m fairly certain he’s now working with some sharp partners—most likely from Israel. Even for them, however, the M&A landscape has slowed due to the uncertainty surrounding Trump’s on-and-off tariffs."
You have been yammering about partners in Israel since 02/12/2024.
There isn't only to be any tariffs against Israel.
You do understand that many OTC scam originate in Israel.
There aren't any real private companies that are going to use hijacked shells to go public. Sharp doesn't have any "clean" shells.
"His delays typically signal that he’s waiting on news—most likely from his partners. If he were in full control, we’d have heard something by now, at least that's been his behavior in the past."
So far all the news has been fake news. Like the nonsense about a company that backed out of a deal with GVSI - there never was a deal.
George Sharp
@GeorgeASharp
On February 6, 2024, $GVSI announced that it had enter into a non-binding Term Sheet for the acquisition of a privately owned Blockchain enterprise. This evening, that company informed $GVSI by email, that it was terminating the merger effort as neither they nor the funding company wished to be involved in the "culture of chaos that is common in the OTC market". Specifically, the blockchain company cited the "lack of appreciation by supposed shareholders who currently own nothing as will [sic] as disdain towards management, as seen on social media." The email also states that, "We do not wish to be subject to nor influenced by public holiganism [sic]."
Oh no, lack of appreciation from supposed shareholders.
Sharp is an Idiot - "lack of appreciation by supposed shareholders who currently own nothing as will [sic] as disdain towards management" - if anyone of the Sharp cult had a brain they would have asked - how does the fake company know from social media how many shares a poster owns.
The Sharp cult is so naive and gullible they believe everything Sharp posts.
IG
MrSmith18
4 weeks ago
I've been following GS since his RDGL days and have had plenty of time to observe his patterns. Looking back, he tends to operate with a one-page playbook that often overlooks key details. That said, I’m fairly certain he’s now working with some sharp partners—most likely from Israel. Even for them, however, the M&A landscape has slowed due to the uncertainty surrounding Trump’s on-and-off tariffs. Investors, in general, are hesitant to make moves until there’s more clarity.
Personally, I’d be surprised if GS announced a merger anytime soon. We still don’t know where Trump stands on crypto or a host of other pressing issues. My hope is that Trump follows through on his promises without triggering further conflicts. If he does, I’m confident GS and his partners will make their move.
For now, I’m expecting the FORW press release he promised. His delays typically signal that he’s waiting on news—most likely from his partners. If he were in full control, we’d have heard something by now, at least that's been his behavior in the past. The fact that we haven’t suggests he’s in a holding pattern, just like the rest of us.
JMHO.
I-Glow
4 weeks ago
Sharp is into everyone's business but not taking care of his 4 shells.
On the George Sharp Twitter feed it is hilarious at how insecure the little man is - he is constantly patting himself on the back.
"
George Sharp - Advocate for truth in the OTC
@GeorgeASharp
Those retweeting this post will be blocked!
Happy Juneteenth! Here's an update.
$SRNW - working to find suitable candidate but nothing concrete yet.
$GVSI - forget about it until mid 2025.
$FORW - in acquisition/merger discussions with a company in the healthcare industry that is a natural fit with Ligand's ventilators. Although we are on the 5th version of an agreement, I do not know if or when this is going to transpire. Ligand is currently awaiting Ghana FDA approval to sell 5,000 units. I am informed that there is reason for optimism but I have been waiting for this for a while.
$WNFT - Awaiting the ruling on Calasse's appeal from the Nevada Supreme Court. OTC application for access to OTC Link has been filed and will hopefully be approved by Independence Day.
I know waiting is frustrating, but I am not offering stories followed by excuses (see $CNNA $SAPX), nor am I enriching "funders" while the deals "funded" fail miserably also offering nothing but stories and excuses. (see $CYBL $OPTI $SIRC $BLQC $ILUS $QIND etc. etc. etc.) The OTC is unattractive to legit companies at the moment (see the failed $GVSI deal), but it will turn around eventually.
(The problem is there never was a GVSI deal).
Finger on the BLOCK button. Those retweeting this post will also be blocked. 11:48 AM · Jun 19, 2024"
The funny part is the Sharp cult members are scared that Sharp will block them - Sharp made shareholders investments dissappear. But the cult members still want to curry favor with Sharp - the guy is a serial scammer - stop showing deference to Sharp and groveling at his feet.
What a pathetic guy.
IG
MrSmith18
1 month ago
What’s really catching my attention right now is the pending FORW press release. At this point, it’s all speculation until it drops. If it’s bad news—say GS decides to shut things down—history suggests we’d have seen an announcement almost immediately, just like when he distanced himself from HMBL.
That said, I still believe GS is working on a deal—or more likely, he has partners (possibly the Israeli connections I’ve mentioned before) negotiating on his behalf, and he’s simply waiting for the go-ahead.
One thing is clear: whatever he announces next will impact all of his tickers and his reputation. He can’t afford to be careless this time—there’s simply too much at stake.
JMHO.
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