Thursday, March 03, 2022 6:57:28 PM
FOMO (OTCPK:FOMC) stated Thursday that its board has canceled the reverse split approval that was announced Feb. 1, 2022.
The company said its goal in the next coming months is to uplist to a higher exchange.
Chicago, IL March 03, 2022 (GLOBE NEWSWIRE) -- FOMO CORP. (https://www.fomoworldwide.com/ - US OTC: FOMC) board has canceled the reverse split approval that was announced February 1st, 2022. FOMO’s goal in the next coming months is to uplist to a higher exchange. We are looking forward with eager anticipation to what the coming months hold. Stay tuned.
"FOMO_IR: Just got some numbers from SST. They did their best Feb to date....
2019 $89,188
2020 $95,453
2021 $474,678.00
2022 $1,686,324.44"
"We are expecting revenues to continue to trend".
Vik Grover, CEO of FOMO CORP., said: “The acquisition of SST defines this company and brings us into a new level. We want to cross sell a clean air/tech to the schools, and help reopen the country.”
According to Madison these numbers are just for the month of February in each perspective year. If true, and SST is pulling in gross revenues of $1,686,324 just in the month of this past February, i can see this being a decent catalyst to propel $FOMC shares higher.
Yes, "we" paid off over $700k of SST's debt at closing but with revenues increasing year-over-year just in the month of February, if true and accurate, I suggest adding to present long positions
.
NEWS LINKS BELOW
https://www.globenewswire.com/news-release/2022/03/03/2396420/0/en/FOMO-CORP-CANCELS-REVERSE-SPLIT.html
https://www.globenewswire.com/news-release/2022/03/03/2396418/0/en/SMARTSOLUTION-TECHNOLOGY-ANNOUNCES-BEST-FEBRUARY-TO-DATE.html
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