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Sunday, November 27, 2022

Worldwide NFT Inc. (OTCMKTS: WNFT) Bulls Accumulating at Current Levels After Massive 76% Drop on WC Appeal

Worldwide NFT Inc. (OTCMKTS: WNFT) saw a massive drop of 76% on Friday after the Company filed an 8k stating Warwick Calasse, the Company’s former CEO has appealed the lower court’s rulings regarding the cancellation of shares and it is unlikely that the company can enter into any acquisition or reverse merger agreement during the course of this litigation. This is a big blow to the WNFT formerly Goff Corp (OTCMKTS: GOFF) shareholders who were looking for something to happen right away with this GS rm play. The shorts got aggressive on Friday and decimated the share price to a low of $0.054 on the day closing over $0.06 where the stock has formed a new base on just under $3 million in dollar volume for the day. WNFT is likely to be under heavy accumulation in the coming days; this is after all a George Sharp ticker and everyone remembers the legendary summer of George when TSNP/HMBL and also forwardly skyrocketed. 

WNFT is the new ticker for GOFF, a David Lazar SPAC that was taken over by RM stock whizz George Sharp who was awarded Custodianship. Since than Mr. Sharp has been awarded CEO and the majority voting block of stock recently winning two judgements against Mr. Warwick Calasse who is now appealing. While the company is confident that the rulings will be upheld, it is unlikely that the company can enter into any acquisition or reverse merger agreement during the course of this litigation. As such, no such transactions can be deemed to be pending. With the completion of the company’s name change and forward split, WNFT is now awaiting the conclusion of the court proceedings with former officer, Warwick Calasse. 

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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 awarded Custodianship.  The Company was incorporated in the State of Nevada on July 12, 2010 and operated as an exploration stage mining company, that engaged in exploration and mining of mineral properties. They focused on gold and silver production. Since 2013, the Company has been dormant 2021. Since custodianship was awarded to Mr. Sharp, all liabilities other than George Sharp’s judgement have been discharged by the Nevada District Court, Clark County. 

On May 26, 2021, George Sharp was appointed as custodian for the registrant, Goff Corp., by Order Granting Motion to (1) Intervene, (2) Remove Custodian, (3) Appoint George Sharp as Custodian, and (4) for Temporary Restraining Order and Preliminary Injunction on Order Shortening Time, Case No A-20-815182-B, Dept. No. XVI issued by the District Court of the State of Nevada in and for Clark County (the “Court Order”). Under his authority as Custodian George Sharp appointed himself as the sole member of the Board and President, Secretary and Treasurer of the Company by resolutions of the registrant’s Board of Directors on May 26, 2021.

Mr. George Sharp is an experienced businessman with a diverse background in information technology and growth companies. After studying at Canada’s University of Waterloo, George joined the Engineering Department of the City of Calgary’s Electric System. There, George engineered a software application to more accurately examine the physical stresses on electrical wood poles. That effort garnered him recognition at the 1983 Stanford University Congress of Electrical Engineers. George was then recruited to join Northern Telecom in Bramalea, Ontario as a software engineering consultant. In the early 1990s, George founded Progressive Microsystem Designs to develop a series of business software applications for the emerging microcomputer market. The centerpiece of PMD was one of the first Human Resources Administration software products designed for microcomputers. Eventually, George relocated PMD to Southern California in order to better service the bulk of its clients. A former consultant to OTC Markets Group, George now provides services to publicly traded small companies seeking management advice; routes, including financing, towards progress; and, looking to stay onside of regulations. 

Microcapdaily was among the first to report on George Sharps TSNP on November 15, 2020 when the stock was trading around $0.003 just as it was beginning its historic rise to multi-dollars and the reverse merge into HMBL. We stated at the time: “TSNP is a clean shell operating out of Oklahoma City, Oklahoma. The Company recently announced it has entered into an agreement with HUMBL, LLC to merge the two entities. In an all-stock transaction, the members of HUMBL will receive preferred shares of Tesoro 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 from Business Insider NFTs ballooned to a $41 billion market in 2021 and are catching up to the total size of the global fine art market. Currently there are around 28.6 million wallets trading NFTs as of December 2021. China is the country with the biggest interest in NFT opportunities. OpenSea as the largest peer-to-peer marketplace for NFTs, with a total trade volume of around $6.5 billion. The company has also helped to launch the rise of range of other competitors, like Axie Infinity, which trades around $2.1 billion at present.  

 

In recent years there have been a number of hugely successful David Lazar custodianship/SPAC RM deals that have even spawned the message board; David Lazar, OTC SPAC’s/CUSTODIAN Plays on Investorshub.com.  Investor Sentiment in GOFF is high. 

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WNFT

 

On Friday the stock dropped 76% after the Company filed an 8k stating “Warwick Calasse, the Company’s former CEO has appealed the lower court’s rulings regarding the cancellation of shares, previously issued to him, to the Nevada Supreme Court. While the company is confident that the rulings will be upheld, it is unlikely that the company can enter into any acquisition or reverse merger agreement during the course of this litigation. As such, no such transactions can be deemed to be pending. With the completion of the company’s name change and forward split, WNFT is now awaiting the conclusion of the court proceedings with former officer, Warwick Calasse. 

WNFT reminds shareholders and prospective investors to rely only on the company’s statements and NOT the musings of unrelated parties regarding any transaction or other company event. 

WNFT has entered into an agreement with Forwardly, Inc. (OTCMKT: FORW), whereby Forwardly will purchase an WNFT warrant providing the right to purchase 5 million WNFT warrant shares at $.32 per warrant share. The warrant must be exercised either in full or in part within two years of issuance. Forwardly will pay WNFT $200,000 for this warrant. Mr. Sharp is the CEO of both WNFT and Forwardly. 

WNFT is in the process of negotiating up to $5 million in equity financing to be used as operational capital by successful acquisition or reverse merger targets. 

Forwardly is an opportunity investor seeking to partner in fresh ideas. The company is headed by George Sharp, a longtime whistleblower, advocate against microcap fraud, and defender of shareholder rights. In addition to his continued participation in these activities, Mr. Sharp consults to public companies, attorneys and those associated with the financial markets. He is also a former consultant to OTC Markets Group, Inc.  

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Currently trading at a $32 million market valuation WNFT is a debt free fully reporting reverse merger play from stock whizz George Sharp known for taking TSNP / HMBL from well under a penny to over $6 per share. On June 29 GOFF affected the name and ticker change and became Worldwide NFT Inc. (OTCMKTS: WNFT). The stock saw a massive drop of 76% on Friday after the Company filed an 8k stating Warwick Calasse, the Company’s former CEO has appealed the lower court’s rulings regarding the cancellation of shares and it is unlikely that the company can enter into any acquisition or reverse merger agreement during the course of this litigation. This is a big blow to the WNFT shareholders who were looking for something to happen right away with this GS rm play. From here WNFT should recover some, the stock was significant oversold on Friday and the Company is the same Company with the same significant potential that GOFF always had with stock whizz George Sharp behind it, it’s only a matter of time before good things start happening here.  We will be updating on WNFT when more details emerge so make sure you are subscribed to Microcapdaily so you dont miss it.

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Disclosure: we hold no position in WNFT either long or short and we have not been compensated for this article

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