Forwardly, Inc. Updates Shareholders on Company Progress
Forwardly, Inc. Shares Important Updates with Shareholders
George Sharp, the CEO of Forwardly, Inc. (OTCMKT: FORW), recently communicated key updates that concern the company's shareholders. Based in Henderson, NV, Forwardly is taking strategic steps to enhance its operations and partnership opportunities.
Regulatory Adjustments and Compliance Strategies
In light of the recent objections posed by the United States Securities and Exchange Commission (SEC) regarding its S-1 filing under the 1934 Act, Forwardly has decided to retract the filing temporarily. The SEC has advised the company to file under the 1940 Act instead. This decision stems from the extensive work and associated costs involved in adapting to the 1940 Act's requirements.
Forwardly remains optimistic that circumstances may shift within the year, potentially allowing them to revert to filing under the 1934 Act, which they believe would be more beneficial for their future operations.
Innovations in Health Technology
A significant development for Forwardly includes the partnership with Ligand Innovation Global to create an innovative portable ventilator. The product, named VitaCaeli G1, is anticipated to receive approval from health authorities in Nigeria and Ghana. This could lead to substantial orders for thousands of units, with expectations of this occurring during the second quarter of the year. However, Forwardly urges caution among its investors, noting that the current situation is speculative and may evolve differently.
Expanding Partnership Opportunities
In addition to their current health technology project, Forwardly is continuing to seek out new partnerships with reputable enterprises. This effort demonstrates their commitment to broadening their investment scope and fostering growth through collaboration.
Background Information on Forwardly, Inc.
Forwardly, Inc. is focused on identifying and investing in new ideas. With George Sharp at the helm, the company also positions itself as an advocate against fraud in the microcap arena and a defender of shareholder rights. Mr. Sharp is well-known for his extensive experience in consulting for public companies and has even worked with the OTC Markets Group. Grounded in these principles, Forwardly actively engages with legitimate companies to explore new ventures.
Frequently Asked Questions
What is the latest update from Forwardly, Inc. regarding its filings?
Forwardly has withdrawn its S-1 filing and is considering filing under the 1940 Act as per SEC recommendations.
What partnership is Forwardly currently involved in?
Forwardly is working with Ligand Innovation Global to develop the VitaCaeli G1 portable ventilator.
What is the expected timeline for the VitaCaeli G1 ventilator?
Approval for the VitaCaeli G1 is expected in the second quarter of this year, with substantial orders anticipated thereafter.
How does Forwardly support shareholder rights?
Forwardly champions shareholder interests under the leadership of George Sharp, advocating against microcap fraud.
How can shareholders get more information about Forwardly?
Shareholders can find additional information on Forwardly's website: www.ForwardlyPlaced.com.
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