surfkast
1 mes hace
There is nothing to say about Ligand Innovation Global and its VitaCaeli G1. The FDA denied their application and as far as I can tell they never got FDA approva and FORW declared their investment impaired..
The Company was notified that the FDA has rejected the application for Emergency Use
Authorization and will continue to focus on the full application to the FDA and on exploring
alternate jurisdictions for approval of the LifeAirG1
On May 26, 2020, the Company and Ligand Innovation Global, a Canadian Corporation
(“Ligand”) entered into an Exclusive Distributor Agreement (“Distributor Agreement”).
Pursuant to the Distributor Agreement, the Company is appointed the exclusive distributor for
all portable ventilator product lines, including, but not limited to, all models, variations,
generations and upgrades to the product currently identified as LifeAir G1, and any similar
product lines under different names (“Product”) in the United States of America (“Territory”).
The Distributor Agreement shall continue in perpetuity unless terminated earlier and may be
terminated for breach if any party defaults in the performance of any material obligation in the
Distributor Agreement, for insolvency, by Ligand for lack of performance should the Company
in two years after approval by the United States Food and Drug Administration no sell at least
1,000 units, and under which the Company agreed to issue 2,000 shares of Series D Preferred
Stock upon Ligand’s ventilators receiving FDA approval for commercial use and an option to
purchase 10 million shares of the Company’s common stock for a 12 month exercise period
upon such FDA approval as well as availability of the ventilators for sale by the Company.
The Company was notified that the FDA has rejected the application for Emergency Use
Authorization and will continue to focus on the full application to the FDA and on exploring
alternate jurisdictions for approval of the LifeAirG1.
On April 8, 2021, Ligand and the Company entered into a Share Purchase Agreement (the
“SPA”) whereby the Company has agreed to purchase 33.33% of Ligand for $1,000,000 which
is equal to 1,304,152 shares of Ligand stock. The Company will be the largest individual
shareholder in Ligand but does not exercise any operational or financial control of Ligand. The
Company will account for this investment under the guidance of ASC 321. The Company has
elected to apply the measurement alternative discussed in ASC 321-10-35-2, and as a result
will measure the investment at cost and adjust to fair value if impaired or upon observable
prices. The Company determined to impair the investment at June 30, 2022.
I-Glow
1 mes hace
The Ligand resuscitator has been pumped since 2016 and by Sharp since 2020. It was pumped during Covid and Sharp has posted at least 3 times about the FDA fast tracking the Nigerian Doctor's resuscitator. Surf knows a great deal about Ligand - hopefully he jumps in.
"Boulder City, Nevada--(Newsfile Corp. - August 31, 2020) - George Sharp, President and CEO of Forwardly, Inc. (OTC PINK: FORW), announced today that it has already received funding commitments of $500,000 of an anticipated total of $1.3 million in financing and will itself fund Ligand Global Innovation's ("Ligand") development of its latest prototype of the LifeAir G1 Portable... As announced in a June 15, 2020 press release, Forwardly, through its wholly owned subsidiary, Breathe Medical Devices, Inc., has obtained the exclusive US distribution rights to the LifeAir line of ventilator products."
IG
I-Glow
2 meses hace
6 years of failed promises by Sharp.
"BOULDER CITY, Nev., Oct. 12, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE – Guard Dog, Inc. (PINKSHEETS: GRDO) has unveiled a new management team led by well-known microcap analyst, George Sharp, who will act as President and CEO of the company"
So Bill Schaefer named Sharp the CEO. LMAO!
It has been a little over 6 years and Sharp has brought in two assets (Ligand and Maverick) both were obvious scams.
What happened to the S-1 Sharp filed for FORW? Sharp filed the S-1 on 12/19/2023 - so it has been 10 months since Sharp filed - and still nothing.
Typical Sharp move - he filed for a Reg A+ on 06/12/2020 and on 02/28/2022 the SEC declared it abandoned.
"Forwardly, Inc. filed with the Commission an offering statement to qualify an offering of securities under Section 3(b) of the Securities Act of 1933.
The offering statement has been on file for more than nine months and has not yet been qualified.
In view of the foregoing, it is ORDERED that the offering statement be declared abandoned on February 28, 2022.
For the Commission, by the Division of Corporation Finance, pursuant to delegated authority."
More Sharp big talk.
IG