Added to YB: 2026-04-24
Pitch date: 2026-04-22
FRMM [neutral]
Forum Markets, Incorporated
+25.91%
current return
Author Info
Company Info
Forum Markets, Incorporated, a financial technology company, develops a blockchain-based platform focused on the acquisition, structuring, and tokenization of real-world assets worldwide.
Market Cap
$74.8M
Pitch Price
$4.40
Price Target
N/A
Dividend
N/A
EV/EBITDA
-0.22
P/E
-0.19
EV/Sales
N/A
Sector
Biotechnology
Category
special_situation
Corporate dark arts: one bizarre case study, one false signal, and three setups to watch - $FRMM
FRMM (quick overview): Ethereum DAT pivot to RWA tokenization. Mgmt/board granted big equity packages (CEO PSUs vest at $5/$7.50/$10 vs $2.75 entry) on Good Friday, then halted ATM, announced buyback, special committee for strategic alts (incl. merger/liquidation). CEO estimates $180M NAV ($9/share) vs <$100M mkt cap. Portfolio: $100M+ cash after ETH sales, ~$10M investments in Liquidity.io, Karus, Zippy, jet engines, auto/manufactured home loans. Stock +50% post-announce to ~$5. Classic dark arts case: grants align incentives to unlock value.
Read full article (4 min)