Global NFT Inc. (OTCMKTS:WNFT) bulls rallying to current levels after massive 76% drop in WM complaint
Worldwide NFT Inc. (OTCMKTS: WNFT) was down a massive 76% on Friday after the company filed an 8k saying Warwick Calasse, the company’s former CEO, challenged lower court decisions regarding the annulment of shares, and it is unlikely that the company will be able to enter into any acquisition or reverse merger agreement during the course of this litigation. This comes as a huge blow to the shareholders of WNFT formerly Goff Corp (OTCMKTS: GOFF) who wanted an instant experience with this GS-RM game. The shorts turned aggressive on Friday, decimating the stock price for the day to a low of $0.054 and closing above $0.06 where the stock has established a new base with close to $3 million in daily volume. WNFT likely to accumulate heavily in the coming days; this is a george sharp ticker after all and everyone remembers the legendary summer of george when tsnp/hmbl and forward shot up too.
WNFT is the new ticker for GOFF, a David Lazar SPAC taken over by RM equity genius George Sharp, who has been awarded custodianship. Since then, Mr. Sharp has been appointed CEO and the majority voting block of shares. He recently won two judgments against Mr Warwick Calasse, who is now appealing. While the company is confident that the judgments will be upheld, it is unlikely that the company will be able to enter into an acquisition or reverse merger agreement during the course of this litigation. Therefore, such transactions cannot be considered pending. With the completion of the name change and division of the business, WNFT is now awaiting completion of the court case with former executive Warwick Calasse.
Worldwide NFT Inc. (OTCMKTS: WNFT) is the new name and ticker for Goff Corp (OTCMKTS: GOFF) currently operating out of New York, NY is a clean shell with 0 debt and a perfect merger candidate that was a David Lazar SPAC before George Sharp was given custody. The Company was incorporated in the State of Nevada on July 12, 2010 and operates as an exploration-stage mining company engaged in the exploration and exploitation of mineral properties. They focused on gold and silver production. Since 2013, the company has been dormant in 2021. Since guardianship was granted to Mr. Sharp, all liabilities other than George Sharp’s judgment have been settled by Nevada District Court, Clark County.
On May 26, 2021, George Sharp became trustee for the Registrant, Goff Corp., by resolution granting a motion to (1) intervene, (2) remove the trustee, (3) appoint George Sharp as trustee, and (4) for Preliminary Harness Order and Temporary Restraint Order, Case No. A-20-815182-B, Division No. XVI, issued by the District Court for the State of Nevada in and for Clark County (the “Order”). George Sharp, acting under his authority as Custodian, by resolution of the Registrant’s Board of Directors on May 26, 2021, appointed himself the sole Director and President, Secretary and Treasurer of the Company.
Mr. George Sharp is an experienced businessman with a diverse background in information technology and growth companies. After graduating from Canada’s University of Waterloo, George joined the Engineering Department of the City of Calgary’s Electric System. There, George developed a software application to study the physical stresses of wooden electric poles in more detail. These efforts earned him recognition at the 1983 Stanford University Electrical Engineering Convention. George was then hired as a software development consultant at Northern Telecom in Bramalea, Ontario. In the early 1990s, George founded Progressive Microsystem Designs to develop a range of business software applications for the emerging microcomputer market. At the heart of PMD was one of the first human resources software products designed for microcomputers. Eventually, George moved PMD to Southern California to better serve the majority of his customers. A former consultant to the OTC Markets Group, George now provides services to publicly traded small companies seeking management advice; pathways, including funding, to progress; and try to comply with the regulations.
Microcapdaily was among the first to report on George Sharp’s TSNP on November 15, 2020 when the stock was trading around $0.003 just as it began its historic rise to multi-dollar and reverse merger into HMBL. We explained at the time, “TSNP is a clean shell operating out of Oklahoma City, Oklahoma. The company recently announced that it has entered into an agreement with HUMBL, LLC to merge the two companies. In a stock-only transaction, HUMBL members will receive Tesoro preferred stock in exchange for their HUMBL holdings.”
WNFT has an ambitious vision to become the first publicly traded NFT company; According to a January 2021 report by Business Insider, NFTs have grown to a $41 billion market in 2021, catching up on the overall size of the global art market. There are currently around 28.6 million wallets trading NFTs (as of December 2021). China is the country with the greatest interest in NFT opportunities. OpenSea is the largest peer-to-peer marketplace for NFTs with a total trading volume of around US$6.5 billion. The company has also helped launch the rise of other competitors’ ranges such as Axie Infinity, which currently trades around $2.1 billion.
In recent years there have been a number of extremely successful David Lazar Depot/SPAC RM deals that even spawned the message board; David Lazar, OTC SPACs/CUSTODIAN Plays on Investorshub.com. Investor sentiment in GOFF is high.
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On Friday, the stock fell 76% after the company filed an 8,000 filing stating, “Warwick Calasse, the company’s former CEO, has appealed in the Nevada Supreme Court to the lower court’s decisions regarding the annulment of Shares previously issued to him appealed. While the company is confident that the judgments will be upheld, it is unlikely that the company will be able to enter into an acquisition or reverse merger agreement during the course of this litigation. Therefore, such transactions cannot be considered pending. With the completion of the name change and division of the business, WNFT is now awaiting completion of the court case with former executive Warwick Calasse.
WNFT cautions shareholders and potential investors to rely only on statements made by the Company and NOT on the judgments of independent parties regarding transactions or other events of the Company.
WNFT has entered into an agreement with Forwardly, Inc. (OTCMKT: FORW) whereby Forwardly will purchase a WNFT warrant granting the right to purchase 5 million WNFT warrant shares at a price of $0.32 per warrant share. The warrant must be exercised in whole or in part within two years of issue. Forwardly will pay WNFT $200,000 for this warrant. Mr. Sharp is CEO of WNFT and Forwardly.
WNFT is currently negotiating an equity financing of up to $5 million to be used as working capital towards successful acquisition or reverse merger objectives.
Forwardly is an opportunity investor looking to partner with new ideas. The company is led by George Sharp, a longtime whistleblower, advocate of microcap fraud and defender of shareholder rights. In addition to his continued participation in these activities, Mr. Sharp advises public companies, lawyers and individuals associated with the financial markets. He is also a former advisor to OTC Markets Group, Inc.
— Randylus (@randylus) June 29, 2022
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Currently trading at a market valuation of $32 million WNFT is a debt-free, fully reporting reverse merger game by stocks genius George Sharp, known for taking TSNP/HMBL from well under a cent to over $6 a share. On June 29, GOFF underwent a name and ticker change to become Worldwide NFT Inc. (OTCMKTS: WNFT). The stock posted a massive 76% drop on Friday after the company filed an 8,000 filing citing Warwick calasse, the company’s former CEO has appealed the lower court’s judgments regarding the cancellation of shares and it is unlikely that the company will be able to enter into an acquisition or reverse merger agreement in the course of this litigation. This is a huge blow to WNFT shareholders who wanted an instant experience with this GS-RM game. From here, WNFT should recover somewhat, the stock was significantly oversold on Friday and the company is the same company with the same significant potential that GOFF has always had with stock genius George Sharp behind it, it is only a matter of time before good things happen here. We’ll be updating on WNFT as more details emerge, so make sure you’re subscribed to Microcapdaily so you don’t miss it.
Disclosure: We are not long or short in WNFT and have not been compensated for this article