tag:blogger.com,1999:blog-5389144729834496735.post3983645006744351292..comments2024-03-17T05:15:55.634-04:00Comments on The Brooklyn Investor: FRMO Corp. (FRMO)Unknownnoreply@blogger.comBlogger27125tag:blogger.com,1999:blog-5389144729834496735.post-24625653275835566572018-07-04T21:45:42.444-04:002018-07-04T21:45:42.444-04:00I really wanted to develop a brief comment so as t...<br />I really wanted to develop a brief comment so as to say thanks to you for all the nice pointers you are sharing here. My extensive internet look up has at the end of the day been honored with reputable content to write about with my contacts. I ‘d admit that most of us visitors actually are undeniably lucky to be in a remarkable network with many lovely professionals with useful hints. I feel somewhat lucky to have come across the webpage and look forward to many more excellent moments reading here. Thank you once again for everything.<br /><br /><a href="https://www.fortywinks.com.au/Products/Beds-Mattresses" rel="nofollow">beds<br /></a> fortywinks32https://www.blogger.com/profile/06234295967641790698noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-89973968479349379252017-05-23T01:49:07.871-04:002017-05-23T01:49:07.871-04:00Great post you shared, you have now become top of ...<br />Great post you shared, you have now become top of my list. You were unknown to me before but have found your content to be fantastic.<br /><br />So great work for informing us of the possibilities and following a certain path.<br /><br />I really appreciate your hard work an giving us some information and inspiring others to follow.<br /><br />Thanks so much.<br /><br />I hope for more post in the future.<br /><br /><br /><a href="http://digitalbrief.com/" rel="nofollow">at Digital Brief</a><br />Hillhttps://www.blogger.com/profile/18368099545751776581noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-32328614793107042802015-09-07T06:22:59.506-04:002015-09-07T06:22:59.506-04:00Goldstein and David Michael are still friendly. He...Goldstein and David Michael are still friendly. He's still listed on Goldstein's charitable foundation's documents.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-9415329093669698632015-05-14T18:37:06.024-04:002015-05-14T18:37:06.024-04:00No need to stop or apologize. Facts and informati...No need to stop or apologize. Facts and information is always welcome here, as long as it's sort of related to things we discuss here. And it doesn't matter if it supports or unsupports my own views. Info and facts are more important than my opinions! kkhttps://www.blogger.com/profile/06299974418283948333noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-45755049746204106632015-05-10T12:22:31.194-04:002015-05-10T12:22:31.194-04:00Ok. Sorry. 1 more.
This stuff goes some way to fi...Ok. Sorry. 1 more.<br /><br />This stuff goes some way to filling out the company for me..<br /><br />http://www.fool.com/investing/value/2007/03/20/investing-war-stories-from-santa-monica-partners.aspxAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-74007283341773364352015-05-10T12:16:48.440-04:002015-05-10T12:16:48.440-04:00http://cityroom.blogs.nytimes.com/2008/07/30/richa...http://cityroom.blogs.nytimes.com/2008/07/30/richard-nixons-search-for-a-new-york-home/?_r=0<br /><br />Get a load of that!<br /><br />Sorry kk, I'll stop now.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-40630906960612446122015-05-10T12:09:38.538-04:002015-05-10T12:09:38.538-04:00Strange. Goldstein is no flake :
http://www.forb...Strange. Goldstein is no flake : <br /><br />http://www.forbes.com/free_forbes/2006/1002/084.html<br /><br />https://books.google.com.au/books?id=DBNClmcUI4oC&pg=PA32&lpg=PA32&dq=STOCKS+OVERLOOKED+OR+IGNORED+BY+OTHERWISE+INTELLIGENT+INVESTORS&source=bl&ots=W6nLV0bcBz&sig=m9_vuWruuF4IamxovfOooZ7bQyc&hl=en&sa=X&ei=2HtPVfqyKs_h8AWSiIH4DA&ved=0CDUQ6AEwBA#v=onepage&q=STOCKS%20OVERLOOKED%20OR%20IGNORED%20BY%20OTHERWISE%20INTELLIGENT%20INVESTORS&f=false<br /><br />Sorry. I'm completely obsessed with this thing now.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-25873887321777102742015-05-10T10:11:56.046-04:002015-05-10T10:11:56.046-04:00I don't question Stahl either..
From what I g...I don't question Stahl either..<br /><br />From what I gather, Michael David was a legacy director from the previous incarnation (PSI->PSI Settlement->FRM Nexus) which went sideways. He remained as a director at FRMO until 04, which is when his participation in fraud at Del Global came to light and the SEC barred him from being a director of a company.<br /><br />In the Del Global judgement, they reference Michael's earlier behaviour and settlement with the SEC (1999). Why he was a director at FRM Nexus/FRMO is beyond me.. I want to chalk this up as Stahl/Bregman not doing due diligence.<br /><br />https://www.sec.gov/litigation/admin/34-41284.txt so he had form.<br /><br />The Goldstein thing I can't wrap my head around... it's just a complete head scratcher.<br /><br />I'm completely zen vis a vis valuation. I feel like this thing is a black box. You either believe they're going to build something valuable, or you don't. <br /><br />Regards,Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-10837199561671912622015-05-06T13:00:04.698-04:002015-05-06T13:00:04.698-04:00Hi,
That's very interesting. It is somethin...Hi, <br /><br />That's very interesting. It is something to think about. This isn't really a candidate for me to be a big position at this point, so it's not that big a concern to me. With these small situations, who knows what goes on. I don't really question the character of Stahl, though, at this point. kkhttps://www.blogger.com/profile/06299974418283948333noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-65454101384169641412015-05-05T05:23:18.031-04:002015-05-05T05:23:18.031-04:00https://www.sec.gov/litigation/complaints/comp1873...https://www.sec.gov/litigation/complaints/comp18732.pdf<br /><br />https://www.sec.gov/litigation/admin/2008/34-58031.pdfAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-2128479307851113232015-05-05T05:19:44.040-04:002015-05-05T05:19:44.040-04:00A couple of things jump out from the SEC documents...A couple of things jump out from the SEC documents. Michael David, a previous director was tied up in an accounting fraud at another company - he was disbarred. I'm still not across the time frames on this, still trying to understand the time line and when Stahl came in to the picture... <br /><br />Also, Goldstein's step son used Goldstein's managed accounts to pump and dump FRMO and another illiquid micro cap. If you have a look at Value Investors Club (search FRMO), somebody was copying and pasting a lot of write ups (including FRMO) - the style from one to the next is varied, it all looks quite hokey (some are really badly spelled, others are pitch perfect.. In one he claims to be an old man). In one, a reference to 'fail mode' is made - Stahl uses that terminology. He talks about 'success mode'.<br /><br />My shoot from the hip inclination was that it was probably goldstein's step son doing the posting on VIC, he would have had access to the Horizon research, I'm sure.<br /><br />I'd post links to the SEC documents, but none of it is in front of me right now.<br /><br />Curious on your thoughts (if any?).<br /><br />This isn't enough to turn me off, but it does make me want to keep digging.<br /><br />RegardsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-36839014113521381602014-07-10T16:24:46.360-04:002014-07-10T16:24:46.360-04:00Ok, nevermind. Think I got it now. Ok, nevermind. Think I got it now. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-4968396280384419152014-07-10T16:19:29.666-04:002014-07-10T16:19:29.666-04:00Maybe I am missing something, but it looks like yo...Maybe I am missing something, but it looks like you are taking out expenses at Horizon Kinetics before giving FRMO its 4% revenue share stream? FRMO gets 4% of Horizion Kinetics Rev. before Expenses. Not sure what I'm missing. Thanks for the post. Really enjoy the blog. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-75925584583504529062014-04-22T08:26:26.876-04:002014-04-22T08:26:26.876-04:00http://www.energy-business-review.com/news/frmo-bu...http://www.energy-business-review.com/news/frmo-buys-stake-in-bermuda-stock-exchange-210414-4217207<br /><br />Stahl now owns about 40% of the Bermuda Stock Exchange.Justinhttps://www.blogger.com/profile/02279937802659681714noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-51625830021930933682013-10-31T09:59:54.063-04:002013-10-31T09:59:54.063-04:00Ha, tell them to wear helmets, we don't want a...Ha, tell them to wear helmets, we don't want anything to happen to our intellectual property :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-55689298142148577582013-10-31T08:22:21.592-04:002013-10-31T08:22:21.592-04:00These guys (Horizon and FRMO) are in my building, ...These guys (Horizon and FRMO) are in my building, I'll let you know if I overhear anything in the elevator....<br /><br />Keep the great posts coming<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-81518928635007794402013-10-30T21:20:37.304-04:002013-10-30T21:20:37.304-04:00Thanks for nice comment, and thanks for reading! Thanks for nice comment, and thanks for reading! kkhttps://www.blogger.com/profile/06299974418283948333noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-34651377313420019722013-10-30T19:59:30.141-04:002013-10-30T19:59:30.141-04:00Really enjoy your blog, thanks so much for taking ...Really enjoy your blog, thanks so much for taking the time to research these great companies. Have found it a valuable source of ideas. <br />www.northslopeinvestments.comAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-55908245794564716382013-10-30T18:05:57.141-04:002013-10-30T18:05:57.141-04:00Great Post.... thanks a lot.Great Post.... thanks a lot.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-46798199272577031912013-10-30T16:00:38.079-04:002013-10-30T16:00:38.079-04:00Hi,
That's a good question. I don't hav...Hi, <br /><br />That's a good question. I don't have an answer to that. I don't own it and have no plans on buying it any time soon at this price, but that doesn't mean it can't do well over the long term. <br /><br />I intend to follow this so if I come up with any ideas on different ways to value it (other than what I say in the post), I will make a post about it. <br /><br />Thanks for reading. kkhttps://www.blogger.com/profile/06299974418283948333noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-56056411693453719282013-10-30T15:32:40.825-04:002013-10-30T15:32:40.825-04:00I've been enjoying ur posts as a fellow brklyn...I've been enjoying ur posts as a fellow brklyn investor (Windsor Terrace area) and value investor and now as an FRMO shareholder. It seems expensive but how do you value Murray's intellectual property? If it keeps growing and gathering assets, the stock will prove inexpensive over time. Long Cast Advisershttps://www.blogger.com/profile/13731550239184386639noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-82434911424095271182013-10-30T12:32:02.742-04:002013-10-30T12:32:02.742-04:00Thanks. Sorry, I should have been more clear; it&...Thanks. Sorry, I should have been more clear; it's on the Horizon website. Here's the link: http://www.horizonkinetics.com/docs/Value_Investor_May_2013.pdfkkhttps://www.blogger.com/profile/06299974418283948333noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-66528838578878894042013-10-30T12:08:49.477-04:002013-10-30T12:08:49.477-04:00Great articles lately on the Outsider type compani...Great articles lately on the Outsider type companies. For some reason I can't find the Value Investor Insight interview mentioned on the site.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-62541202046706287372013-10-30T08:34:19.231-04:002013-10-30T08:34:19.231-04:00That's a good point. These outsider CEO types...That's a good point. These outsider CEO types spend their time thinking about how to create value; when their stock is cheap they buy it back and if it's expensive, they do accretive acquisitions. <br /><br />That's why I would not short this thing or write it off completely as simply too expensive. There are things that can be done that can change that instantly. <br /><br />As for what they might acquire, who knows. It may not even be a company or business, but maybe rights or some such as they did before.kkhttps://www.blogger.com/profile/06299974418283948333noreply@blogger.comtag:blogger.com,1999:blog-5389144729834496735.post-77324130809126735552013-10-30T08:29:01.671-04:002013-10-30T08:29:01.671-04:00Thanks. We are in the same ballpark. Interesting...Thanks. We are in the same ballpark. Interesting company, not so interesting price. Thanks for reading. kkhttps://www.blogger.com/profile/06299974418283948333noreply@blogger.com