Forum Mobile Inc. (FRMB)

[WarMachine]

I agree! Silence IS golden.

[Morpheous2000]

I now know the answer to the question I raised.

TIME is needed ... so that two, seemingly separate transactions will not be telescoped into one; with disastrous tax consequences.

As is more often the case ... "silence is golden".

I will therefore act accordingly and move on to research some other EXCELLENT trade.

Good luck to all!

[Morpheous2000]

HAVE A CARE PEEPS.

The TWO individual transactions contemplated by the Definitive Agreement will NOT involve any PUBLIC company OTHER THAN the two that are already mentioned in the Definitive Agreement.

Got that?

No other PUBLIC company in the entire world will be involved in either of the two transactions.

So please act accordingly and not lose yourself in wild and unsupported speculations.

JMHO, of course.

[Morpheous2000]

My research here has led me to believe that this may well prove to be a WONDERFUL trade (indeed, a GLORIOUS trade) ... and that I am now APPROACHING the cusp of buying this ticker.

Morpheous will do so when he sees ONE other necessary 'tell' that may be in the works here.

More information to come on this. In the meantime, put this in your NEWS watchlist.

JMHO, of course!

[Morpheous2000]

Another 'oddity' here. An important one:

Chardan Capital LLC, the investment bankers for the transaction, is going to be receive RESTRICTED stock in payment for its fees.

Section 5.16
Lock-Up Period . FRMB, Chardan Capital, and MKHD Controlling Shareholders holding at least 51% of MKHD share capital prior to Closing agree to a lock-up period of 180 days following the Closing, during which time they shall not be allowed to sell more than 10% of their respective holdings in MKHD as of the Closing (the “ Lock-Up Period ”) and no more than 2% at any given month during the Lock-Up Period. FRMB, Chardan Capital and MKHD Controlling Shareholders holding at least 51% of MKHD share capital prior to closing, further agree to execute such agreements as may be reasonably requested by FRMB in connection with such Lock Up Period.

In the typical transaction, the investment banker would take UNrestricted stock, at a 7% discount to the market price and collect his fee as he sold those shares back into the open market.

So what investment banker on earth would agree to accept RESTRICTED stock as payment of its fees? Stock that he couldn't sell back into the open market?

Wow!

There is soooooooooooooooo much more than meets the eye in this trade.

[Morpheous2000]

This one is the "dog that doesn't bark" ... and therefore, the one you must pay close attention to.

Forum Mobile (the parent) is swapping control of one of its subsidiaries (Forum Mobile Israel) which, in turn, controls several other subsidiaries. The consolidated revenue of Forum Mobile Israel and the subsidiaries that it controls amounts to (US)$22 Million for 2012. That is certainly substantial ... and will be presumably backed-up by audited financials (which have already been completed).

Using simply this information alone anyone who had decent writing skills could craft a PR that could get this ticker rolling again in very short order.

And yet that has not taken place; even as its CEO has indicated his commitment to "increasing FRMB's reputation".

Why miss such a stellar opportunity?

Why be the "dog that doesn't bark"????

[Morpheous2000]

Perhaps. However, if you go back into time and take a look at the postings to Forum Mobile (the parent's) website, you'll clearly see that the company was earnestly attempting to prepare for the current transaction.

But just how does one "go back in time"?

Google and two other companies deploy robots that CRAWL the web, ARCHIVING all websites and depositing what those robots find into caches. This means that you can actually see what a company's website looked like in the past, even though the content has changed ... or even though that site has been disabled or no longer exists.

Morpheous knows all there is to know about robots.

It's an excellent DD tool ... and I recommend it to you highly.

The link is here. It's called "The Way Back Machine". Just type in Forum Mobile's URL and zoooooooooommmmmmmm ... you're taken back into time. Use it wisely!

https://archive.org/web/

[WarMachine]

"reason why the bid/ask spread on this ticker has remained so prohibitively wide"

Uh, seller bought WAY TOO HIGH and doesn't want to accept the inevitable beating and the buyer is taking a crazy chance on being able to flip it.

Pretty simple really. Just another dead POS that some may consider gambling one, hoping someone will run it.

[Morpheous2000]

There simply HAS to be a reason why the bid/ask spread on this ticker has remained so prohibitively wide for such a long time.

It's kinda like a MOAT between the stock and a decision to buy it. At the closing of the Definitive Agreement, Forum Mobile (the parent) will then owe CONTROL of MKHD. One would think that the bid/ask spread would shrink to reflect that eventuality. And yet, it keeps widening.

Very odd.

JMHO, of course.

[Morpheous2000]

With each day that passes this July 2013 "update" becomes more and more timely (as well as important).

The parties have been diligently working on completing all necessary steps to prepare for a capital infusion of up to $3MM to be consummated on or prior to the Closing of this transaction. This includes the recently completed audit of Forum Mobile Israel Ltd. and its subsidiaries. Total consolidated gross revenue for 2012 for Forum Mobile Israel Ltd. was US$21.8MM. In addition, Forum Mobile anticipates reporting solid growth in all of its business lines in 2013.

Presumably, no one had any problem with the numbers contained in the audited financials of Forum Mobile's subsidiary. That would mean that the only remaining requirement to close the transaction is completion of the funding solicitations.

[Morpheous2000]

Just checking in to see the status of Mr. Segal's "increasing the reputation" of his company ... and how that might be proceeding forward.

I firmly EXPECT to see several PRs in the not-too-distant future.

Just my opinion however. For all to take or leave as they might see fit.

[Morpheous2000]

Got an Israeli friend who thinks that this is going to be a gem when all the cards are finally dealt.

[WarMachine]

Funny how this "merger" stock is totally quiet while the supposed co-merger MKHD has activity.

YEP! Just another Beatty scam

[WarMachine]

Yawner LOL Nothing going on here.

[longmike2]

Maggie.....MKHD is now current with all financials!

the ball can now begin rolling...

[WarMachine]

Company is junk and the deal was never real IMO

[longmike2]

your bets should be on mkh...they will control the game

[Stockcaller]

What are your thoughts on FRMB now?

[maggie61]

IMO it should stay quiet because there is no true news coming from neither company, and we don't want to read any false FANTASY rumors. But good reliable company updates are acceptable.

[maggie61]

Go FRMB we are watching very closely.

[JRT]

Morning Bud

[FORTY-8]

Good morning everyone.

[WarMachine]

Emailed this WEIS and ZERO response. Yet another goose chase and a horrible concocted phone conversation is NOT VERIFIABLE so I don't put any weight in it.

Yet another part of the FANTASY DD.

[FORTY-8]

frmb - I SPOKE TO MR. WEIS AT HIS AD AGENCY!!!!!!!!!!!!!!!!!!!

[FORTY-8]

MKHD IS A CERTIFIED 'DEATH-TRAP' ... and you don't need a 'Blog' to know it.

[WarMachine]

Like the other Beatty shell scam that was once part of many FANTASY Triangle Reverse Mergers was. Failed mergers, assets sold, employees terminated ... but wait, MKHD is already a dead empty shell and just a recent failed merger. lol

[FORTY-8]

WARNING!!! MKHD IS GOING TO BE LIQUIDATED!!!!!!!!

[maggie61]

Hi Mike.JMO But When have they ever told the truth? The troops have been providing false statements for the last 12 months.

GLTA Go FRBM

[FORTY-8]

I have recently come to believe that this transaction has NOTHING to do with ASYI. I now believe that the T/R/M will only involve GCS/MKHD/FRMB. I also believe (as I've stated in recent postings here) that MKHD will be liquidated after Global Convergence Solutions reverse-merges into FRMB.

I see this trade as a 'DEATH-TRAP" for the unwary ... ESPECIALLY those who are now purchasing MKHD stock.

Have you noticed that NOT ONE SINGLE SHARE OF FRMB has been purchased in over 5 months?

Have you noticed that you IMMEDIATELY lose 50% of your investment the moment you purchase FRMB shares?

Why is that so, eh? It's because the people behind this trade are leading you to the "killing field" ... and that is MKHD.

[hyboy770]

Where does asyi fit in? You mentioned GCS reverse merging into frmb. Does this bypass asyi or is this after GCS reverse merges with asyi? NOL's?

[FORTY-8]

MKHD is going to be LIQUIDATED after ...

it engages in a T/R/M with Global Convergence Solutions and FRMB. That's the reason why it's so easy to buy MKHD shares ... and yet so difficult to buy FRMB shares.

THIS TRADE IS A DEATH-TRAP FOR THE UNWARY!!!!!!!!!!!

[FORTY-8]

FEBM - BEWARE MKHD!!! IT'S A DEATH-TRAP!!!!!!!!!!!

[FORTY-8]

FRMB - BETWARE!!! MKHD IS GOING TO BE LIQUIDATED!!!!!!!!!!!

[FORTY-8]

FRMB - I've had a change of heart here...

The people behind this trade have made it FAR TOO EASY to buy MKHD stock ... while making it ABSOLUTELY STUPID to buy FRMB stock (because of the outlandishly big bid/ask spread).

So why don't they want you to buy FRMB, eh????

Could it be that Global Convergence Solutions is going to reverse-merge into FRMB (who will control 75% of MKHD's common stock, who will further control 100% of Forum Mobil Israel's privately-held stock)? COULD THAT BE THE 'FANTASY T/R/M' THAT'S REALLY GOING TO TAKE PLACE HERE? THE 'FANTASY T/R/M' WHERE GLOBAL CONVERGENCE SOLUTIONS GETS TO ACQUIRE FORUM MOBILE ISRAEL'S HOT NEW WIRELESS PLATFORM?

And IF that's going to be the way in which this deal goes down ... then GUESS what's going to happen to MKHD? It's going to be IMMEDIATELY LIQUIDATED, that's what ... because no company needs a holding company like MKHD. All of the folks who presently own MKHD stock are in MORTAL DANGER OF IT GOING TO $0.0000!!!!!!!!!!!!

A perfect little T/R/M that results in a LIQUIDATION of MKHD's stock ... and the LIQUIDATION of any and all value held by those who have purchased that stock.

ONLY A DEVIL COULD PUT SUCH A STRATEGY TOGETHER ... AND MAKE NO MISTAKE IN THIS ... JAMES D. BEATTY IS JUST SUCH A CREATURE! THAT "D" IN HIS NAME DOESN'T STAND FOR "DIVINE".

Peronally, I wouldn't own ONE single share of MKHD if you PAID me to do so!

[JRT]

Are you back from your visit to FRMB land?

[grybuck]

Your right about that but there has been a lot of misinformation IMO. Look at post 241 Dated 7/21- 380,000 shares bought in 7 days? Yet the time & sales data doesn't show that.


Symbol: FRMB


Time


Price

Volume

Market

07/25 0.10 500 OTO
07/25 0.0999 500 OTO
07/25 0.04 5000 OTO
07/24 0.0999 5000 OTO
07/19 0.0999 500 OTO
07/18 0.0997 5000 OTO
07/18 0.0997 5000 OTO
07/17 0.07 395 OTO
07/17 0.075 395 OTO
07/17 0.04 3955 OTO
07/12 0.0997 806 OTO
07/12 0.04 806 OTO
07/11 0.0998 1000 OTO
07/09 0.09 10000 OTO
07/09 0.09 1000 OTO
07/09 0.055 10000 OTO
07/08 0.095 807 OTO
07/08 0.095 807 OTO
07/08 0.055 806 OTO
06/28 0.095 20000 OTO
06/28 0.07 10000 OTO
06/28 0.07 20000 OTO
06/28 0.055 10000 OTO
06/28 0.055 10000 OTO
06/28 0.05 10000 OTO
06/28 0.05 10000 OTO
05/17 0.055 1000 OTO
05/17 0.055 21000 OTO
04/16 0.065 1011 OTO
04/16 0.065 989 OTO


Refresh

[grybuck]

ANOTHER failed merger-SELL,SELL,SELL

[maggie61]

IMO It's Never going to happen this merge talks between MKHD and FRMB fell threw closing date came and went without a peep from either company, IMO just like all the other FANTASY merger talks.

[Stockcaller]

Could it be more than 30 days?

[FORTY-8]

frmb – “william 48 is LIVE” FROM TORONTO!!!

Greetings to all LONGS:

I’ve taken a one week “working-vacation” in the beautiful City of Toronto, where mighty Lake Superior gleams like a deep-purple-jewel in the golden mid-day sun of Canada’s great and glorious Mid-West.

Toronto is the City of Commerce and the Arts … and it’s also the City that contains the following “Mack-Daddies-of-Information”:

1. James D. Beatty (a Board Member of ASYI, and the CEO of MKHD);

2. Stephen C. Johnston (the former CEO of ASYI, and the present CEO of AERO IQ, Inc.);

3. Roy Miller (the inventor of the JetEngine software, and the lead computer systems architect at AERO IQ, Inc. );

4. Dynamic Intelligence Ltd’s headquarters;

5. ASYI’s temporary headquarters;

6. AERO IQ Inc.’s temporary headquarters;

7. The headquarters of our TWO Canadian subsidiaries;

8. CEO Andrew Wells, and the headquarters of his criminal enterprise known as “KoolTel” (I intend to personally complain about the $49.78 bill I received from him last year after visiting his web site to do some DD); and

9. The gloriously efficient Registry Office of Ontario Companies; together with Ontario’s Department of Labor and Immigration … and its highly competent staff of employees; together with their FREE computer access nodes.

FIRST THING TOMORROW I'M GOING TO PAY A VISIT TO THE ROYAL TORONTO YACHT cLUB ... WHERE BEATTY IS AN EXECUTIVE OFFICER.

IF HE'S THERE WHEN I GET THERE ... OUR ENCOUNTER WILL MAKE THAT EVENING'S GLOBE & MAIL NEWSPAPER!!!!!!!!!!!!!

[WarMachine]

LMAO! GCS DUMPED MKHD BEFORE THIS NEW FAILED MERGER.

BEWARE FOLKS! Lots of inaccurate DD being tossed about. PLEASE take the time to see the truth before wasting money on this one

[FORTY-8]

FRMB - MKHD AND ASYI HAVE MADE THE BUZZZZZZZZZZZZZZZCLOUD!!!!!!!!!!!!!!!

[FORTY-8]

FRMB - GCS IS GOING TO ACQUIRE MKHD'S WIRELESS-SOFTWARE!!!!!!!!!

JUST AS SOON AS MEHD CLOSES THIS DEAL WITH FORUM MOBILE ISRAEL AND MKHD!!!!!!!!!!!!!!!!!!!!

[FORTY-8]

FRMB - OVER 380,000 SHARES BOUGHT IN SEVEN DAYS!!!!!!!!!!!!!!!!

[FORTY-8]

BEATTY COLLECTED OVER $1.8 MILLION FROM FRMB/MKHD INVESTORS AND DELIVERED IT TO HIS ATTORNEY'S NON-INTERST-BEARING ESCROW ACCOUNT!!!!!!!!!!!!!

HOW LONG DO YOU THINK THOSE INVESTORS WILL LET THEIR MONEY SIT IN SUCH A STUPID ACCOUNT.

THEY ARE ALL NOW "INSIDERS" ... AND KNOW WHAT'S ABOUT TO JUMP-OFF HERE ... AND WHEN IT DOES, IT WILL ALSO IMMEDIATELY AFFECT THE AERO IQ SPIN-OFF, AS WELL AS THE GCS/ASYI REVERSE MERGER.

THIS CLOCK THAT IS THIS TRADE HAS NOW BEGUN TO TICK FASTER. IT'S JUST A MATTER OF MERE DAYS NOW!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[WarMachine]

REALITY IS that MKHD and FRMB are just another FAILED merger that sold shares to people who tried for some fast money but as is so typical IT DIDN'T HAPPEN.

All the rest of the FANTASY DD is totally baseless and unverifiable. GCS ran like hell from MKHD. ASYI has NEVER been factually linked to ANYTHING beyond their last FAILURE TO MERGE.

All the BUNK about AERO-IQ has been shot down.

DD FOLKS! Use it or throw your money away into the hands of the people running the smoke and mirrors scheme.

[FORTY-8]

FRMB - use this nifty tool. See what's happening!!!

At this link you will find the DAILY historical price AND VOLUME data for MKHD:

http://www.nasdaq.com/symbol/mkhd/historical

I recently used it to discover the VERY interesting following FACTS:

1. Two weeks prior to the March 20th announcement that the share-swap was going to take place on May 20, the volume of MKHD traded well into the teens (in terms of thousands of shares per day).

2. Then, during the week PRIOR to the March 20th announcement, average daily volume SPIKED to 104K, 237K, 145.5K, and 83.7K.

3. then, several days AFTER the March 20th announcement, daily volume fell into the HUNDREDS of shares per day (i.e., 200 shares, 145 shares, etc.)

4. And during this past week of trading, the daily volumn has been absolutely consistent ... and something we've never seen here: on 7/11: 80,000; on 7/12: 20,000; on 7/15: 30,000; on 7/16: 60,000; on 7/17: 80,000; and on 7/18: 85,000.

IT IS AN UNDENIABLE TRUTH THAT "SOMEONE" HAS BEEN HERE SINCE EARLY MARCH OF THIS YEAR ... AND THEY ARE LOADING-UP ON MKHD SHARES!!!!

[FORTY-8]

FRMB - This trade is the ASYI/GCS/AERO CLOCK!!!!!!!!!!

As presently structured, MKHD is going to swap 75% of its outstanding stock in return for 100% of Forum Mobile Israel's privately-owned stock.

So then:

1. If you buy MKHD's stock, you will get an interest in Forum Mobile Israel's privately-held stock.

2. If you buy FRMB's stock, you will get an interest in FRMB, and an interest in MKHD, and an inerest in Forum Mobile Israel's privately-held stock. YOU WOULD BE GETTING A "3-FER".

SO WHY IS THE PERSON OR ENTITY THAT'S NOW BUYING HUGE QUANTITIES OF MKHD's STOCK NOT TAKING ADVANTAGE OF THE "3-FER"????

bECAUSE THAT PERSON OR ENTITY DOESN'T WANT TO OWN FRMB ... ONLY MKHD ... WHICH WILL OWN THE VERY VALUABLE WIRELESS SOFTWARE THAT WILL BE SOLELY OWNED BY FORUM MOBILE ISRAEL!!!

And one more "observation" here:

In putting this deal together, James Beatty was required to solicit investors. Those investors gave Beatty a minimum participation of $100,000.00. Some even invested more than that amount.

Beatty was obligated to place those investment moneys in a NON-INTEREST-BEARING ESCROW ACCOUNT maintained by MKHD's law firm.

QUESTION: What wealthy investor permits his/her/ or its significant investment to lie in a NON-INTEREST-BEARING escrow account for the last four months ... awaiting the closure of a deal like this??? HOW LONG WILL THOSE INVESTOR TOLERATE THEIR MONEY LAYING IN AN ACCOUNT THAT DRAWS NO INTEREST WHATSOEVER? 6 MONTHS??? 8 MORE MONTHS??? ANOTHER YEAR???

AND THAT'S WHY THIS TRADE IS THE "CLOCK" THAT SETS THE TIMING OF THE ASYI/GCS/MKHD/AERO TRADE!!!!!!!!!!!!!!1

[FORTY-8]

ASYI – SO MANY CHARACTERS IN THIS TRADE!!!!

I’ve taken a one week “working-vacation” in the beautiful city of Toronto, where mighty Lake Superior gleams like a deep-purple-jewel in the golden mid-day sun of Canada’s great and glorious Mid-West..

Toronto is the City of Commerce and the Arts … and it’s also the City that contains the following “Mack-Daddys-of-Information”:

1. James D. Beatty (a Board Member of ASYI, and the CEO of MKHD);

2. Stephen C. Johnston (the former CEO of ASYI, and the present CEO of AERO IQ, Inc.;

3. Roy Miller (the inventor of the JetEngine software, and the lead computer systems architect at AERO IQ, Inc. );

4. Dynamic Intelligence Ltd’s headquarters;

5. ASYI’s temporary headquarters;

6. AERO IQ Inc.’s temporary headquarters;

7. The headquarters of our TWO Canadian subsidiaries; and

8. And the gloriously efficient Registry Office of Ontario Companies; together with Ontario’s Department of Labor and Immigration … and its highly competent staff of employees, together with their free computer access nodes.

That being the case, we’ll just have to see what this ‘ol
“country-boy” can scare-up in the days ahead, eh?

So stay tuned, eh?.

[FORTY-8]

No. Very odd. Very nice!