FOMO Corporation (PK) (FOMC) Quote

https://www.otcmarkets.com/filing/html?id=17450100&guid=U2Q-kal6YP_h_Vh

https://www.otcmarkets.com/stock/igot/overview

This is a terrible stock; share price in nosedive. https://www.otcmarkets.com/stock/igot/overview

Looks like they got into the screw manufacturing businesses. Their new slogan is “IGOT SCREWED AND YOU AND TOO”

Nothing wrong with penny stocks. It's the OTC that's infested with scumbag CEOs and scam companies. I decided the same 2 years ago after gaining a better insight into how these things work. To bad it wasn't before getting burned.

Well, unfortunately it's the OTC and it gets less attention from the SEC and others.....and these scammers know it. I will NEVER do another penny stock.

I did too and I am so ashamed of myself. I am smarter for it though. I WILL continue to out that scumbag Vik on here and twitter every chance I get. I am sick and tired of scamming, scumbag CEOs raping people's pockets! I am no pro, but it's plain as day to see how this is share selling scam. Wash, rinse, repeat!

I know I helped fund his nice cars and Vegas trips. I hope less people are falling for it now!

THE QUINTESSENTIAL 'STINKY PINKY' SHARE SELLING SCAM!!!

This scam of a company exists on name changes, asset reallocation, share selling to pay off acquisitions and compensations, and subsequent dissolution!!! The sale of shares (AKA DILUTION) is used to pay for all transactions and enrichment of all involved!
On April 1, 2024, we entered into a definitive agreement to acquire the North American assets and operations of EcoChem Alternative Fuels LLC (https://www.hpcdfuel.com/), an Ohio-based provider of advanced filtration systems and services that generate high performance carbon fuels including diesel, gasoline, biofuel, and jet fuel. The terms of the transaction include consideration of 5,000,000 restricted Series B Preferred shares convertible into 50,000,000 common shares, an earn-out based on technology and revenue milestones for an additional 5,000,000 restricted Series B Preferred shares over 3 years, 10,000,000 stock options to be issued to existing staff and new hires at strike prices and vesting schedules to be determined in the future, and a $1.5 million 2-year convertible note (@ $0.05/common share) with $250,000 cash amortization in six months from closing and $250,000 cash amortization in twelve months from closing. $125,000 cash is due on closing, which is scheduled for April 16, 2024.

On February 28, 2022, the Company acquired SMARTSolution Technologies, LP and SMARTSolution Technologies, Inc. (together “SST”). FOMO has closed the acquisition of SMARTSolution Technologies L.P. and affiliates (“SST”) for consideration of one (1) million Series B Preferred Shares convertible into one (1) billion common shares issued to Mitchell Schwartz and SMARTSolution Technologies Inc. As a separate transaction not part of the consideration, FOMO has issued three hundred million (300) common stock purchase warrants with a three (3) year expiration and $0.001 exercise price issued to SST employees as an incentive. As part of the transaction, FOMO is refinancing several hundred thousand dollars of SST debt using an asset backed non-dilutive loan from an institutional investor of up to one (1) million dollars. Closing documents are attached as Exhibit 10.1 herein.
On June 21, 2023, the Company established Diamond Technology Solutions LLC (“DTS”) in Pennsylvania. The Company intends DTS to offer education technology and services, including interactive flat panels, computer equipment, communications, security and access control products, and audio-visual solutions from U.S.-based vendors.
On June 27, 2023, the Company assigned 100% of the operating assets, customer lists and data, and software systems and support contracts from SST to DTS. The transfer closed on October 1, 2023.

Chicago IL, May 07, 2021 (GLOBE NEWSWIRE) -- FOMO CORP. (US OTC: FOMC) is pleased to announce that it has received confirmation from FINRA (the “Financial Industry Regulatory Authority” corporation) that the pending Company name change and ticker change to “FOMO CORP. / FOMC” from “2050 Motors, Inc. / ETFM” will be effective today, May 7, 2021, on or around the market open.

Chicago, IL, March 09, 2021 (GLOBE NEWSWIRE) -- FOMO CORP. (https://www.fomoworldwide.com/ - 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 125,000,000 common shares plus 50,000,000 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.
On February 12, 2021, the Company purchased the assets of Independence LED Lighting LLC (“iLED”). On March 7, 2021, the Company purchased the assets of Energy Intelligence Center LLC (“EIC of PA”), an affiliate of iLED. Following the acquisitions of the assets of ILED and EIC, the Company combined the assets and businesses of iLED and EIC PA into a newly formed whollyowned subsidiary, Energy Intelligence Center, LLC (“EIC Wyoming”).
On August 3, 2023, the Company approved the transfer of 100% of the assets of EIC Wyoming to its wholly owned subsidiary Diamond Solution Technologies LLC (“DTS”).
On 6Feb, 2024, we dissolved our wholly owned subsidiary (EIC) Energy Intelligence Center LLC.

FOMO CORP. (“FOMO”) has signed a letter of intent (“LOI”) to acquire 100% of the membership interests of SmartGuard Energy LLC (“SGE”). SGE consists of the businesses of LED Funding IV LLC d/b/a LED Funding (of www.smartguardUV.com) and Lux Solutions LLC. Subject to mutually agreed definitive terms and conditions to be negotiated during a 45-day exclusivity period, FOMO intends to acquire 100% of the membership interests of SGE for initial consideration of $12,000,000, of which $7,000,000 is allocated to LED Funding and $5,000,000 to LUX Solutions. Such payment shall consist of a cash payment of $3,000,000, a one-year seller note of $3,000,000 adjusted for net debt of SGE on closing, which may be redeemed in cash with a 10% prepayment penalty and/or converted in part or in full into common stock at the option of the holder at a common share price of $0.01, and restricted shares of FOMO’s Series B Preferred shares having a market valuation of $6,000,000 based on a price of $3.00 per share. The combined businesses project 2021E revenues of more than $13 million and meaningful net income, though there are no assurances. A three-year earnout based on SGE sales growth will be implemented upon completion of an analysis of SGE’s sales funnel in the USA and abroad, with options to purchase additional divisions of SmartGuard in the Robots-as-a-Service (“RaaS”) and Energy-as-a-Service (“EaaS”) spaces on terms and conditions to be negotiated.
On January 6, 2021, we issued 175,000 Series B Preferred shares to two owners of SmartGuard UV for exclusive negotiations right to buy some or all units of the Company for a six-month period.

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.

A year for Symbol Change? IGOT none of this stock. Looks like low OS after the split.

Look at this junk. From ZEGG to ETFM to FOMC now to IGOT and the cycle continues.

IGOT, ALMOST nothing!

ETFM to FOMO and now IGOT. All EPIC failures piloted by Tricky Vik Grover! This is him repeating history to disassociate his present grif with his historical ones. ONLY FOOLS WILL FALL FOR THIS!!! Do your homework!

Effective March 21,2024 FOMCD will change to IGOT:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

lol no way ! That Vik guy is still at it?? Wow.

You ain’t busting it. I saw your numbers. Maybe the downtrend will continue. I’m betting it won’t.

We’ll see.

Some people just have to learn the hard way!

Sorry to burst your buoy. 3-Year -99.22%, 1-Year -58.50%, YTD -17.00% Disregard a fleeting gain, look at consistent down trend.

Call me insane, I guess.

I’m actually buoyed by the decent performance since the split.

No sane person should invest in this disastrous scam company. Sell ASAP! Performance Overview: 3-Year -99.22%, 1-Year -58.50%, YTD -17.00%

I’m probably setting myself up for a fall but I consider it a good sign that the stock price hasn’t collapsed following the RS

People don't do their homework and blindly trust stinky pinkies. I guess most resign to learning the hard way. Look at previous mergers and acquisitions (M&As). They were with useless and mostly defunct companies, and paid for with shares. The trend is that after the hype of the 'new' M&A gets stale, it's on the next worthless M&A. Stinky pinky CEOs bank on newbies NOT being able to read thru their 8K smoke and put 2 and 2 together. #Trash

FU POS

Another POS stock

Expected with Vik and most likely helped him pull MORE cash from us.

Can't make this up. 72% loss on day 1 of the RS!!!🥱

$FOMCD FOMO Worldwide Inc (PK)
USOTC

0.0031 -0.0081 (-72.3214%)

;I think he KNOWS what he's doing. These scammers drive lambos and hang out in Las Vegas with our money. I was SOOOO dumb.

Piker

If this is the true CEO, PLEASE make this right!?!?!?!

Thank you for taking the time to post this!

Thanks for the clarification!

Duplicate post

Ok, the stock options expire (6/30/2027), but the ratios are laid out plainly on the Form 4s and 10Ks. Just because you hop on IH to dispute posts doesn't mean you're telling the truth. Peoople have learned their lesson listening to you. Below is from the last Form 4s filed and I could go all the way back to 2019. How is what you say true and this is on all your 4s? The 'Newbies' may believe what you say, but I have lost enough of my hard-earned money on your failed ventures!
20Feb24
https://www.otcmarkets.com/filing/html?id=17286348&guid=TBd-kFHqHQxjJth
Explanation of Responses: (1) Each Series B Preferred share converts into 1,000 common shares. (2) There are no exercise or expiration dates on Series A, Series B, or Series C Preferred shares.

https://www.otcmarkets.com/filing/html?id=17286340&guid=TBd-kFHqHQxjJth
Explanation of Responses: (1) Each Series A Preferred share converts into 50 common shares. (2) Each Series B Preferred share converts into 1,000 common shares. (3) Each Series C Preferred share converts into 1 common share. (4) There are no exercise or expiration dates on Series A, Series B, or Series C Preferred shares.

Thanks for the clarification!

This is highly inaccurate. The conversion ratios for all A B C Pref shares were adjusted proportionaly by the same ratio. Everyone's stock options have a three year expiration. Before you spread FUD, do some work. All of this is available at SOS of WY website or in our SEC filings. I do not intend to convert and flood the market with stock. I intend to keep accumulating and build the clean fuel business and FOMO WORLDWIDE back to $100MM+ market cap or much more. Anyone with questions can email IR@fomoworldwide.com or go to the FOMO Discord.

Took almost a year for RS?

This is great information. Thank you for posting it!

ooh ooh, let me guess. because he believes in the company?

I'll give you the quick version. They have been threatening an RS for years now and they keep canceling it.

Vik owns common and Series A, B and C shares which are all derivative securities with NO expiration date. Additionally, he has a 200M derivative stock option at a $.0005 exercise price that was awarded to him in 2020 and DOES NOT EXPIRE. It's all laid out in the Form 4 and if you know how to read the form, you will see that the Series B stocks that he keeps buying have a conversion rate of 1000 commons shares to 1 series B share and the Series A convert to 50 common. Here's the kicker: they all cost the same price as common shares to buy!!!

Once he converts all of his preferred stock, which I expect him to do before they execute the RS (whenever that maybe), he will own hundreds of millions of common stock which he essentially go for free and will stratigically off-load at or around $.01 each after paying nothing for them. Case in point, he bought 195K Series B shares from August to October of last year. That converts to 195M common shares when he decides to convert. That's some serious dilution and a hefty profit margin.

Vik is and has always played the long game and he needs new investors.

FOMC - to oblivion and beyond! Reverse FOMO going on here. Vic does appear to be buying shares though, so, even with an RS, there still could be something good going on. I've made money off stocks after an RS has occurred… could happen again?

Then I don’t get it.

FOMC: effective Feb. 22,2024 a one for 100 reverse split and domicile change from California to Wyoming:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

Yes it is. You can also look on OTC markets under FOMC Disclosures. Look at all the Form 4’s he filed. They are all purchases not one sale. As an insider he has to let the shareholders know when he is buying or selllng. He bought lots of shares. Hasn’t sold anything

Yeah. Is that site reputable?

Why would Vic buy all those shares?

Ashame when people don't learn from others' mistakes!
💩All the same language from before when all the WORTHLESS mergers and acquisitions (M&As) were being executed!!! Don't let the smooth taste fool you. This stock is useless and worthless. Just the annual recycle of BS to rob new investors.💩— Doublem347 🇧🇧🇺🇸 (@brokentrident73) February 21, 2024

Dunno if this site is legit but it seems like he’s been buyin recently…

http://insiderbuyingselling.com/?t=FOMC

1:100 reverse split. Sad.

I'm always optimistic something will happen. It's rare, but once in a while it's a good something that happens, which hopefully makes up for all the bad somethings that happen. I haven't seen anyone post anything remotely good about Vik on any of his company boards, so I'm not going to hold my breath, but something good will eventually happen, IMO.

At the risk of sounding condesending, you sound like you are optimistic something will happen here. It this is the case, take it from someone who has played plenty of these stinky pinkies in the past, if you have shares and can find a way to divest, do it at the first available opportunity. I've been following this stock for years and it's the same language that's always used when these loser CEOs reset from their last crime spree. Vik has been doing this a very long time and this scam of a company moves from one venture to the next after fleecing investors. Hopefully you take this as a warning and not someone just bashing.

I sure hope they avoid a RS! A buyback would be nice, but it is the OTC… not going to hold my breath.