Forum Mobile Inc. (FRMB)

[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.