Noticias FOMO Worldwide Inc (CE) - IGOT | Acciones OTCMarkets

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.

Datos

Noticias

Herramientas

Mercados

Descubrir

Hot Features

Follow Feed

Flujo de Opciones

Monitor

FOMO Worldwide Inc (CE) (IGOT)

Mejore su cartera: debates en tiempo real e ideas comerciales prácticas.

IGOT Noticias

Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]

IGOT Discussion

Su Consulta Reciente

Empresa

Negocios

Popular

Obtener la aplicación

Tendencias Ahora

Listas Principales