Henderson, NV, Nov. 19, 2021 (GLOBE NEWSWIRE) – Forwardly, Inc. (OTCMKT: FORW), today announced that it has secured $ 2 million in debt financing from its CEO, George Sharp. Under the 12 month loan, Mr. Sharp will be entitled to an interest rate of 8% APR. The loan is not susceptible to conversion into Forwardly shares.
The proceeds of the loan will be used to immediately purchase 10 million shares of HUMBL, Inc. (OTCMKT: HMBL) through the partial exercise of a warrant the company holds to purchase up to 125 million shares. warrant until December 2023 at $ 0.20 per share. . Forwardly will be unable to sell these shares until they are registered with the SEC, and the company does not intend to sell any shares at impaired values.
About HUMBL, Inc.
HUMBL is a mainstream blockchain company that strives to simplify blockchain use cases in verticals such as mobile payments, ticketing, NFTs, and real estate.
About Forwardly, Inc.
Forwardly is an opportunity investor seeking to partner with new ideas. The company is led by George Sharp, a longtime whistleblower, microcap fraud advocate and shareholder rights advocate. In addition to his continued involvement in these activities, Mr. Sharp consults with public companies, lawyers and individuals associated with the capital markets. He is also a former consultant to OTC Markets Group, Inc. Further information on Forwardly, Inc. can be obtained on its website at www.ForwardlyPlaced.com
Safe Harbor Declaration
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You may identify such statements by using the words “may”, “will”, “should”, “plans”, “expects,” ” anticipates “,” continues “,” estimates “,” plans “,” intends “and similar expressions. Forward-looking statements involve risks and uncertainties which could cause results to differ materially from those projected or anticipated These risks and uncertainties include, but are not limited to, the Company’s ability to successfully execute its expanded business strategy, including entering into definitive agreements with suppliers, business partners and customers; general economic and business conditions, effects of geopolitical unrest and continuing regional conflicts, competition, changes in technology and marketing methods, delays in completing d Various engineering and manufacturing programs, changes in customer order patterns, changes in the product line, continued success of technical advancements and deliver technological innovations, component shortages, production delays due to manufacturing issues quality of performance with subcontracted components, regulatory requirements and the ability to meet them, rules and modifications of government agencies and various other factors beyond the control of the Company.
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