FOMO Worldwide Inc (IGOT)

[stervc]

Volcano, let's discuss this ETFM 8-K a bit further...

Based on the 8-K file by ETFM with the SEC, it was stated that the old management and the Board were immediately tendering their resignations from the Company on March 6, 2019.

Within the very next sentence, it was stated that by no later than March 15, 2019, a majority shareholder in ETFM is going to prepare an Agreement between ETFM and the subsidiary, the Nevada private corporation, 2050 Motors, Inc. (TFPC). It appears that there is a Share Exchange Agreement that's being done to put Jiangsu Aoxin New Energy Automobile Co., Ltd., (Aoxin) into ETFM.

It was stated that ETFM, the public corporation, owns the exclusive license and rights to the Jiangsu Aoxin New Energy Automobile Co., Ltd., (Aoxin) to import, distribute and assemble their automobiles in the USA.

The Share Exchange Agreement that the Nevada private corporation, 2050 Motors, Inc. (TFPC) is going to prepare is going to transfer 80% ownership to the newly current management at the time of March 15, 2019 in exchange for 20% of the Nevada private corporation, 2050 Motors, Inc. (TFPC). As of right now, we don't know who's going to be holding the 80% ownership, but I'm willing to bet that it will be Jiangsu Aoxin New Energy Automobile Co., Ltd., (Aoxin) since they were indicated to be one of the primary parties to be part of the Share Exchange Agreement.

In essence, the end result of the Share Exchange Agreement would have the same effects as if such transaction was an acquisition or a merger. We won't know 100% for sure their plan until around or after March 15, 2019 per the time frame they indicated within the 8-K.

Regardless, even if it is neither a Share Exchange Agreement nor acquisition/merger, then it will be no less than Licensing Agreements coming into ETFM which could actually make things more profitable for ETFM because then they would have zero to very minimal Operational Expenses. Again, ETFM owns the exclusive license and rights to the Jiangsu Aoxin New Energy Automobile Co., Ltd., (Aoxin) to import, distribute and assemble their automobiles in the USA. I think those who are still not getting just how huge this could be, I suggest looking at the video below:

ETFM Video of ETFM Bulletproof Automobiles
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147370911

Either way, I think ETFM has "officially" turned the corner for good.

For those who have not read the 8-K as of yet, here it is again below:
https://ih.advfn.com/stock-market/USOTC/2050-motors-inc-ETFM/stock-news/79425944/current-report-filing-8-k

The reason why I stated that ETFM would have a huge valuation if they were to acquire/merge with Jiangsu Aoxin New Energy Automobile Co., Ltd., (Aoxin) was because I had learned that Jiangsu generates $148,800,660 Revenues and has $200,145,818 Assets as I had identified within the post below:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147380058

v/r
Sterling