Sharp

I.

BACKGROUND

A. Parties Sharp is the chief executive officer (CEO) of Forwardly, Inc. (Forwardly). He describes himself as “an experienced investor and business manager, specializing in creative corporate funding solutions, including but not limited to corporate restructures, mergers and acquisitions.” Sharp claims to be “a longtime whistleblower” and “[w]ell-known exposer” of fraud in penny stock trading on the over-the-counter (OTC) market whose “efforts have led to the suspension of several ill-intended, publicly traded issuers and the prosecution of several perpetrators.” He maintains a business office in San Diego. Seven Arts was formed in 2011 to acquire the assets of a film production and distribution company that Peter M. Hoffman founded in 2004. It was originally incorporated in Nevada and later reincorporated in Wyoming. Seven Arts ceased operations in 2016 as a result of a judgment against it and federal criminal charges against Hoffman. Nevertheless,

2 Seven Arts’ common stock continued to trade in substantial volumes on the OTC market. Jason Black, a self-described “experienced [CEO] of OTC listed companies” who claims he has “successfully revived delinquent…