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Daily volume up significantly. 7-day of 285,831,648. Just need a little patience so the disenfranchised folks that's been holding for over a year head for the door with marginal losses. We need to stop screaming "news storm" and "breakout coming" because it just gets hopes of instant gratification up too high! This is how folks lose patience and bail. The next milestone is the SST closing within the next 3 weeks, and that's all we should be looking for right now. Temper your expectations, please!
$FOMC
T minus 1 day for 2022 Strategic Presentation.
Dedicated Investor Recommends 3 EV Penny Stocks - ALYI VEV IQST
January 10 2022 - 10:01AM
InvestorsHub NewsWire
January 10, 2022 -- InvestorsHub NewsWire -- via Dedicated Investor --
See Dedicated Investor LLC Video From Brendan Guastaferro as he discusses ALYI, VEV and IQST in addition to highlighing other stocks to include PJET.
Courtesy light reading for the newbies to see how FOMO is shaping up:
January 7, 2022, FOMO CORP. Over the past two days, FOMO and the owner of its acquisition target SMARTsolution Technologies, Inc. (“SST”; https://smarterguys.com/) held several meetings with institutional investors and family offices. SST disclosed that it generated total annual revenues in 2019 - 2020 of “just under $4 million” with positive cashflow and/or net profits, and that it received total orders of “$8 million in 2021”. Much of that order book, which remains today in multiple six-figure orders and one-seven figure order of four hundred whiteboards, was unable to be fulfilled due to supply chain disruption. The Company’s interactive whiteboard vendor SMART in Canada (owned by Foxconn) chartered its own ship(s) from Asia and delivered equipment to Canada, bypassing the bottleneck at the ports of Los Angeles and opening up its ability to supply preferred vendors such as SST. The Company has negotiated favorable terms with SMART and expects to fulfill much of its order book during the next 3-6 months. FOMO and SST, subject to debt refinancing of several hundred thousand dollars of bank debt and high interest loans, intend to close their signed business combination on or before January 31, 2022.
Chicago, IL, Jan. 05, 2022 (GLOBE NEWSWIRE) -- FOMO CORP. has signed a $1 million dollar term sheet from an institutional investor for non-dilutive financing to close the planned acquisition of SMARTSolution Technology Inc. [“SST”]. Under the definitive agreement between the Companies, FOMO will issue SST’s owners one million Series B Preferred shares, issue three hundred million stock options for employees with a vesting schedule to be determined by FOMO and SST, and assume debt obligations for 100% ownership of the business. The funding will be used to refinance several hundred thousand dollars of bank debt and high interest credit lines and provide incremental capital for growth with upside expansion for SST’s needs or other FOMO acquisitions. SST currently has several six-figure contracts scheduled to be delivered in the first quarter of 2022 for sales and installations of collaborative audiovisual systems and integrated information sharing and presentation solutions, videoconferencing, and interactive meeting technology for K12 schools, colleges and universities and businesses.
SMARTSolution Technologies, Inc., is a Pittsburgh, PA–based audiovisual systems integration company that customizes presentation technologies, teleconferencing and collaborative systems for business meetings, presentations and instruction to students and executives.
January 3, 2022, FOMO CORP. has signed a term sheet with an institutional investor for a $1,000,000 non-dilutive financing in the form of an asset backed lending (“ABL”) facility. Due diligence is currently underway with closing expected on or around mid-January 2022. The loan will be secured by all assets of FOMO CORP., including existing businesses and investments and any acquisitions, subject to credit review of borrowing base(s).
Chicago, IL, Nov. 23, 2021 (GLOBE NEWSWIRE) -- FOMO CORP. is pleased to announce that its wholly owned subsidiary, the Energy Intelligence Center LLC (“EIC” and sister subsidiary IAQ) has partnered with Energy Cloud S.A.C., a Lima, Peru-based provider of clean tech solutions to business, industry and government. EnergyCloud offers energy efficiency, optimization, operations, and economic incentives for the optimization of building equipment, management and automation systems, clean air solutions, LED lighting and HVAC management technology, throughout Latin America and the U.S. https://www.globenewswire.com/news-release/2021/11/23/2340068/0/en/FOMO-CORP-PARTNERS-WITH-ENERGYCLOUD-IN-LATIN-AMERICA.html
On October 19, 2021, FOMO CORP. (“FOMO”) closed a $325,000.00 10% junior fixed price convertible note netting the Company $312,500.00 after legal fees. FOR VALUE RECEIVED, FOMO CORP. (the “Company”) promises to pay to the order of GS CAPITAL PARTNERS, LLC and its authorized successors and Permitted Assigns, defined below, (“Holder”), the aggregate principal face amount Three Hundred Twenty Five Thousand Dollars exactly (U.S. $325,000.00) on October 19, 2022 (“Maturity Date”) and to pay interest on the principal amount outstanding hereunder at the rate of 10% per annum commencing on October 19, 2021 (“Issuance Date”).
September 21, 2021. IAQ Technologies, LLC. (p/k/a/ Purge Virus, LLC): IAQ Technologies, LLC, is a subsidiary of FOMO CORP (FOMO) and focuses on the air quality within and around buildings and structures, especially as it relates to the health and comfort of building occupants. At the core of our IAQ services continues to provide proven and cost effective germicidal disinfection of air and surfaces across commercial and residential landscapes. https://iaqtech.com/public-company-subsidiary-2/
MADISON, NEW JERSEY, UNITED STATES, July 26, 2021 SmartGuard-Solutions LLC (SGS) subsidiary SmartGuard Energy LLC (SGE) which is under a definitive agreement to be acquired by FOMO CORP, with the re-opening of business in Puerto Rico from a strict COVID lockdown earlier in July, SGE and its local partners have resumed work on approximately $19MM in near-term energy efficiency and renewable energy projects from a large telecommunications company. Of this amount, approximately $4.4MM is currently in process with an additional $6.1MM expected to begin in the 4th Q, 2021 once permitting and other authorizations occur. The balance of the projects are renewable energy projects expected to begin in the 2nd half of 2022. All these projects are being done under SGE’s as a Service business model which generates immediate revenues as the projects are completed as well as long-term annuitized-type revenues over terms ranging between 10-15 years.
June 22, 2021. FOMO CORP. (“FOMO”), through its wholly owned subsidiary FOMO ADVISORS LLC, has been retained by Homeland Resources Ltd. (HMLA) to advise the Company on restructuring and mergers and acquisitions.
Chicago, IL, March 09, 2021 (GLOBE NEWSWIRE) -- FOMO CORP. (US OTC: ETFM) is pleased to announce that it has acquired the assets of the Energy Intelligence Center, LLC. As consideration for the acquisition, with a 30-day due diligence period, FOMO will issue EIC 125,000 Series B Preferred Shares, convertible to 125 million common shares plus 50 million warrants, with a three (3) year term and performance criteria for allocation to members of the EIC team. This allocation of warrants with performance criteria is a key motivator for EIC to drive growth and increase the value of FOMO.
EIC provides an integrated suite of energy efficiency solutions for education, commercial, multi-family, healthcare, and industrial facilities through algorithmic software and the added benefits from strategic clean-tech partners. https://energyintelligencecenter.com/clean-tech-partnerships/
EIC partners: Clean Peak Energy uses the thermal mass of your building as a “battery” to store temperature and reduce peak interval energy costs. BuildingFit uses data analytics with measurement and verification to identify areas of savings and track performance.
Chicago IL, Feb. 16, 2021 (GLOBE NEWSWIRE) -- FOMO CORP. has acquired the assets of Independence LED Lighting, LLC (“ILED”) for 250,000 restricted Series B Preferred shares valued at $2.5 million. As part of the transaction, FOMO incurs none of the ILED debt obligations.
July 31, 2921. FOMO CORP.’s (“FOMO”) Board of Directors today approved the sale of the Company’s stake in KANAB CORP., owner and operator of a cannabis health and wellness social network @ www.kanab.club for one hundred fifty million (150,000,000) common stock equivalents in the form of one hundred fifty thousand (150,000) Series B shares of Himalaya Technologies, Inc. a/k/a Homeland Resources Ltd. (OTC: HMLA). The transaction is expected to close on July 31, 2021.
Chicago, IL, Oct. 19, 2020 (GLOBE NEWSWIRE) — FOMO CORP. (US OTC: ETFM) and Purge Virus, LLC (PV–https://purgevirus.com/) are pleased to announce that the acquisition of PV by FOMO has been completed, effective October 19, 2020. Under the terms of the all-stock acquisition, PV has transferred all (100) membership units to FOMO in exchange for 2,000,000 shares of Preferred B stock issued to Mr. Charles Szoradi, Chief Executive Officer and founder of PV.
Amazing what happens when Vik Grover shuts his manpleaser and concentrates on work!
Early, but as promised by FOMO IR! Revenues by Qtr 2, 2022!!!
Current Report Filing (8-k)
January 07 2022 - 05:12PM
Date of Report (Date of earliest event reported): January 7, 2022
Over the past two days, FOMO and the owner of its acquisition target SMARTsolution Technologies, Inc. (“SST”; https://smarterguys.com/) held several meetings with institutional investors and family offices. SST disclosed that it generated total annual revenues in 2019 - 2020 of “just under $4 million” with positive cashflow and/or net profits, and that it received total orders of “$8 million in 2021”. Much of that order book, which remains today in multiple six-figure orders and one-seven figure order of four hundred whiteboards, was unable to be fulfilled due to supply chain disruption. The Company’s interactive whiteboard vendor SMART in Canada (owned by Foxconn) chartered its own ship(s) from Asia and delivered equipment to Canada, bypassing the bottleneck at the ports of Los Angeles and opening up its ability to supply preferred vendors such as SST. The Company has negotiated favorable terms with SMART and expects to fulfill much of its order book during the next 3-6 months. FOMO and SST, subject to debt refinancing of several hundred thousand dollars of bank debt and high interest loans, intend to close their signed business combination on or before January 31, 2022.
FOMO IR — Today at 1:52 PM
I'm pushing to have some news Monday. Waiting to hear back for some quotes for the PR.
8K posted
T minus 4 days until 2022 strategic presentation.
Question asked on Discord:
Are there any actual sales and is there any actual revenue to report yet?
FOMO IR: So with IAQ there are a few sales (4th qtr) and revenue starting out 2022. With SST, they are booming but I can't disclose those numbers yet.
Talking with the accountant I can see where you are wanting to see the numbers for IAQ. They didn't do a lot last year. I know they did a major revamp to the websites, have hired new sales people and I am working with two of their people on a social media marketing strategy that will start Monday.
Much better board now that Vik is no longer on it!!!
ALYI really needs an IR Department!!!
Seems their new IR rep Madison is doing most of the communicating now. Candid and way better interaction with investors thus far. Hopefully that means they put a muzzle on Vik.
Yeah, started paying more attention to it around $15 and made a nice profit between there and $19. Added a chunk with my LCID around $20 for the long term. Waiting until around beginning of March to see what LCID does before I convert a chunk of my TSP into it. GLTY
Same here. Wish I had bought back when it was $6.
Current Report Filing (8-k)
January 06 2022 - 11:07AM
Edgar (US Regulatory) Alert
Date of Report (Date of earliest event reported): January 1, 2022
FOMO CORP. (Exact name of Registrant as specified in its Charter)
CALIFORNIA 001-13126 83-3889101
(State or other jurisdiction of incorporation) (Commission File No.) (IRS Employer Identification No.)
1 E Erie St, Ste 525 Unit #2250, Chicago, IL 60611 (Address of principal executive offices)
(630) 286-9560 (Registrant’s Telephone Number)
FOMO CORP. is referred to herein as “FOMO”, “the Company”, “we”, or “us”.
Item 8.01 Other Events.
FOMO’s minority-owned investment Himalaya Technologies, Inc. a/k/a Homeland Resources Ltd. (OTC: HMLA) has signed a 19.9% stock purchase with The Agrarian Group LLC (“TAG”; http://www.theagrariangroup.com/), a provider of digital intelligence “AgtechDi” software designed from its granted patents to optimize the food supply chain by increasing food safety and profitability for growers who operate vertical farms, greenhouses, converted shipping containers, and other forms of controlled environment agriculture. Under the Investment Agreement, Himalaya is issuing TAG 99,686 Series B Preferred shares in exchange for 1,242,000 Class A Membership units of TAG. The transaction will be accounted for as an investment using a pre-money valuation for TAG of $10 million. Share issuances are expected to be completed by January 10, 2022.
Saw an article this morning by Seeking Alpha taking about the big boys (Volkswagen, GM, Ford, etc) taking a big chunk out of the market by introducing their EV initiatives. Hell, they have the money, engineers and infrastructure already in place to expedite hitting the market in no time at all.
Bikes were designed by MODUS design engineers, manufactured by 'an EV compony' in China, and, as far as the Ethiopia venture goes, assembled by local company/workforce.
ALYI Schedules 2022 Strategic Outlook Presentation For Next Week
9:55 AM ET 1/6/22 | GlobeNewswire
ALYI Schedules 2022 Strategic Outlook Presentation For Next Week
Dallas, Texas, Jan. 06, 2022 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) today announced the company plans to release a 2022 strategic outlook presentation next week on January 11(th) , 2022.
ALYI recently announced the company anticipates realizing $2 million in revenue for 2021 resulting from the sale of electric motorcycles and three wheeled electric vehicles going into service in the taxi and delivery markets in East Africa.
ALYI also recently announced improving conditions for the company to reach its $50 million stretch revenue goal for 2022.
ALYI's Electric Vehicle (EV) Ecosystem strategy is concentrating efforts first on developing solutions for the East African market where per capita transportation is low and EV solutions have the potential to be a first to market transportation solution rather than a replacement of an existing solution.
ALYI has designed its EV Ecosystem solution to include democratized participation. ALYI has partnered with Revolt Token (RVLT) to finance ALYI's growth by offering participation in the EV Ecosystem through the sale of Revolt Tokens. The presentation next week will include the latest progress from Revolt Token and their independent outlook for 2022.
ALYI has also recently announced projects with WaterPure International, Inc. (OTC Pink: WPUR) and Priority Aviation, Inc. (OTC Pink: PJET). ALYI's presentation next week will include the latest on these two projects.
T minus 5 days
From FOMC IR: SST acquisition to close before 31Jan22.
Expecting slow burn back down with no prospects of substantial news in the near future. EOW will tell.
From FOMO IR with regards to purpose of 8-K/A:
Amended Current Report Filing (8-k/a)
January 06 2022 - 06:11AM
Nothing of substance in premarket 8-K/A. Just a correction to previous 8-K referring to HMLA as a minority owned subsidiary as apposed to being a minor investment.
Very scary run today. 7.7B+ OS with news of $1M ABL loan, CANX of 20M common shares warrants to resigned member of AB, and looming M&A action. Per FOMO IR, expect Wednesday premarket PR.
I don't think any of ALYI is owned by iQSTEL. They just have a deal to provide batteries for ALYI's bikes if I remember right. The only other thing is they use the same design engineering company, MODUS. All laid out in PR from August timeframe. Please verify for yourself though.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 27, 2021
FOMO CORP. (Exact name of Registrant as specified in its Charter)
Title of each class Trading symbol(s) Name of each exchange on which registered
Common FOMC OTC Pink
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2) ?
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ?
FOMO CORP. has signed a term sheet with an institutional investor for a $1,000,000 non-dilutive financing in the form of an asset backed lending (“ABL”) facility. Due diligence is currently underway with closing expected on or around mid-January 2022. The loan will be secured by all assets of FOMO CORP., including existing businesses and investments and any acquisitions, subject to credit review of borrowing base(s).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
FOMO CORP.
Date: January 3, 2022 By: /s/ Vikram Grover
Vikram Grover
Chief Executive Officer
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 30, 2021
FOMO CORP. (Exact name of Registrant as specified in its Charter)
CALIFORNIA 001-13126 83-3889101
(State or other jurisdiction of incorporation) (Commission File No.)
(IRS Employer Identification No.)
1 E Erie St, Ste 525 Unit #2250, Chicago, IL 60611 (Address of principal executive offices)
(630) 286-9560 (Registrant’s Telephone Number)
(Former name or address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
? Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
? Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
? Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
? Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading symbol(s) Name of each exchange on which registered
Common FOMC OTC Pink
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2) ?
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ?
FOMO CORP. is referred to herein as “FOMO”, “the Company”, “we”, or “us”.
Item 8.01 Other Events.
Shamira Jaffer has resigned from the FOMO CORP. Advisory Board. There were no disagreements between Ms. Jaffer and the Company. Twenty million common stock purchase warrants issued to Ms. Jaffer have been canceled.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
FOMO CORP.
Date: January 3, 2022 By: /s/ Vikram Grover
Vikram Grover
Chief Executive Officer
Completely agree. Lots of unanswered questions. I think the tank remained and just being used as a conduit for the internal charging cable. The higher up on the bike the better, to prevent water intrusion from the road.
T minus 7 for the 2022 strategic presentation.
The bike is not a new design. Remember, it's based on the retro BMW R71. It makes sense for it to keep the visible similarities, but just converting it to an EV.
Here's your "gas cap" on the Harley Davidson E-bike folks!
https://www.cnbc.com/2021/12/17/harley-bets-on-a-future-in-which-ev-may-be-bigger-than-hog.html
With regards to the gas cap discussion, please take a look at the bike in the link below. It has several similarities and what appears to be a gas cap.
https://jszhongxing.en.made-in-china.com/product/RBzQIvmJTcpG/China-Cg-Model-Electric-Motorcycle-with-Big-Power-Lithium-Battery-Quality-No-1.html
I wouldn't give Vik that much credit just yet. Non-dilutive, yes, but still taking on more debt...and this time, putting the company's and acquisitions' assets up as collateral. He better not goon this up! Asset backed lenders WILL take your s#!%!
Opibus is killing it in Kenya. The Kenyan market is swarming with E-motorcycle companies. This is why I was surprised when ALYI decided to do a rollout here.
https://www.opibus.se/post/uber-partnering-with-opibus-to-scale-the-use-of-electric-motorcycles-in-africa
T minus 8 days for this 2022 outlook presentation. Hopefully EOY 2021 accomplishments are included!!!
Date of Report (Date of earliest event reported): December 27, 2021
FOMO CORP. has signed a term sheet with an institutional investor for a $1,000,000 non-dilutive financing in the form of an asset backed lending (“ABL”) facility. Due diligence is currently underway with closing expected on or around mid-January 2022. The loan will be secured by all assets of FOMO CORP., including existing businesses and investments and any acquisitions, subject to credit review of borrowing base(s).
Not sure. That is the bike they had on the latest news release. Keep in mind that battery solutions are a big part of their EV division's focus.
$1!!!
Resistance shifted from .7099 to .76.
Key Turning Points
DAILY52-WEEK
3rd Resistance Point 0.8200
2nd Resistance Point 0.7800
1st Resistance Point 0.7600
Last Price 0.7365
1st Support Level 0.7000
2nd Support Level 0.6600
3rd Support Level 0.6400