SurrogateCap

@coin_fifi_hodl How do you calculate the float? What is this rumor about? More details pls

$FRMM is the easiest short squeeze set up since $GME $AMC days. Around 8 million float with 60% short on a 60mm micro cap. Rumor is brokers are limiting buys to only market on close. Just needs volume… could be next $AVIS of 2026.

@YeolChoeju716 @daltonan @CathieDWood @forummarkets @M_A_Rudisill @kristoffjohnd @JasonNewNW @avichal @Lomashuk @bpemble yes, imagine if @CathieDWood just puts in $10m in $frmm and adds to her $arkw - it could be another @peterthiel August 2025 spike due to the fuel of ~4m shares short @daltonan makes this more possible too

@SurrogateCap @daltonan @CathieDWood @forummarkets @M_A_Rudisill @kristoffjohnd @JasonNewNW @avichal @Lomashuk @bpemble Personally, I wouldn’t be surprised if Cathie Wood eventually takes interest in $FRMM as the RWA/tokenization story continues to develop.

$frmm who is leading the special committee? it is @daltonan who is Dalton close with? @CathieDWood Forum Markets fits nicely in Cathy's $ARKW speculation but not impossible - thoughts? @forummarkets @M_A_Rudisill @kristoffjohnd @JasonNewNW @avichal @Lomashuk @bpemble

@YeolChoeju716 @billgrass1 The difference is that they were original PIPE investors Stokes and HH just bought a position as the company pivoted - so hopefully they followed Bill’s advice and do a deeper dive before they invested millions

@SurrogateCap @billgrass1 And also Lomashuk and Avichal as well.

$FRMM

@YeolChoeju716 @M_A_Rudisill @kristoffjohnd @TallgrassEnergy @daltonan @JasonNewNW Im saying to reduce the number of board of directors, in general Heter is on all the committees and ties back to @TimSheehyMT Heter takes over CEO of @TallgrassEnergy from brother Matt Sheehy Ryan Smith can go Andrew Suckling, bye bye MAC is good friends with Senator Sheehy

@SurrogateCap @M_A_Rudisill @kristoffjohnd @TallgrassEnergy @daltonan @JasonNewNW I agree. It may be time to gradually transition the board toward members with deeper RWA and digital asset finance expertise as the company evolves.

$frmm @M_A_Rudisill @kristoffjohnd Crystal Heter is CEO of @TallgrassEnergy now - is it time to trim some board members? $30k a month adds up - do you really need 7 board members? Please consider taking this action - Suckling, Smith, Heter - OUT @daltonan @JasonNewNW

@billgrass1 @YeolChoeju716 Yes, so Stokes and Hunter Hill entities must have done there research then Bill?

In my experience if you are contemplating investing a few million dollars into an entity, the first thing you do is check out the leadership of the new entity. My point is anyone who does a cursory review of Rudisill and his crews industry specific experience - expect maybe the new attorney - will realize very quickly that this bunch does not have the track record or depth of experience and expertise to move forward with the opportunity at hand and make it operational and successful.

$frmm - presenting at Benchmark's digital assets summit, next week prnewswire.com/news-releases/…

@DamianBrad24715 yes, seems like the AI chip business should get more capital $frmm MAC said the demand is gargantuan and will partner with an investor for more capital without dilution that is how they will grow,if you can get $10b in capital and clip a 3% fee that is $300m,that's the scale

$FRMM To free up capital for better use.....

@ertuchinski @funfactonstocks Another way Eric is they(clear street, benchmark) orchestrates a significant spike in price where it wipes out shorts, the thing with shorting your loss is infinite. $frmm was spiked to $170 in August there are close to 4m shorts with a thin float market looks to go parabolic

@funfactonstocks If the company goes defunct or files bankruptcy, brokers will zero out shorted shares and they wont have to buy anything. The only way shorts get screwed here is if the board liquidates before the cash is gone. If they give more cash away, shorts will win.

$FRMM shorts never need to cover since this is going to ZERO.

@ManningCapital_ @forummarkets I have not

@SurrogateCap @forummarkets Did you email IR to get some clarification?

@forummarkets $frmm As of March 31, you list $66m in cash You used $25m cash for April buybacks You report $62.5m in cash as of April 30 Is the 10Q cash wrong or ?

@ChadMorris1470 @forummarkets zippy had a True Up cost of $3.9m i think SG&A will be much less in future quarters

@SurrogateCap @forummarkets Just speculating, I've got no clue. Maybe they liquidated just enough marketable securities for buybacks. Problem is that $FRMM spends far more on G&A than the revenue they generate. Over time, assets will likely keep going down.

@avichal @Lomashuk @bpemble the 3 of you own 29% of $FRMM any bold thoughts you like to share publicly? there are 3.7m shares short, most must be naked shorts Mark Palmer's Benchmark Capital just upgraded to $9 after the earnings call anything?

@DamianBrad24715 @Lomashuk @forummarkets would have to be news driven in conjunction with more buybacks - scale AI chip business partnerships without issuing equity - new material investors taking a position(in addition to Stokes and Hunting Hill)

@SurrogateCap @Lomashuk @forummarkets Yes, absolutely. In my mind, I want buybacks as a means to return value per share. It's the most direct way to undo nav destruction for us long-term holders. A squeeze would be fantastic to take some off top. Then, fundamentals improving to bring a stable price rise long-term

$FRMM just hit a Short Squeeze Score of 96.80 on Fintel — 3rd highest out of 3,923 stocks. Only 80k–90k shares are available Borrowing has become extremely difficult A score this high is rare and signals one of the most extreme short-squeeze setups in the entire market right now.

@ChadMorris1470 @forummarkets they had 12.44k ETH left - there is no subsequent event that they sold that ETH in April, $27.3m, and payed off the collateral ok I see the $33m marketable securities so your theory 66m + 27m - 26 + 33m - 25m = $75m they used 12m in April for something else?

@SurrogateCap @forummarkets They also had $60M in eth & marketable securities at Mar 31. I woild assume they liquidated eth+securities; paid the $26M debt, bought back $25M shares and probably pocketed some for good measure

$FRMM - 14.65m shares out ~3.7m are short ~7.5m owned by institutions 1.33m owned by @bpemble 1.5m @Lomashuk 550k - Choi 1.33m - @ZippyMH 600k - Karus 12.8m owned ~2m in float

@Lomashuk is all IN still this dude put $80m into ZILLA his warrants were pre-funded at $26.5 sec.gov/Archives/edgar… $frmm

@ertuchinski @billgrass1 Well, if 3.5m more gets bought back, which is possible, and Choi still has his 556k shares priced at $17.98 - then yes, he should file a 13g You need to find another holder to make your narrative/agenda to make more sense “Ohh they did not file after buyback so they sold”

@SurrogateCap @billgrass1 If that's true. I admit its possible, its just under 5%. This assumes they stopped buybacks at 14.6M and that Eric Cho hasn't bought anymore, which if what these conmen are claiming is true, they'd be idiots not to buy more.

$FRMM With the heavy buybacks, we should see some 5%ers filing ownership disclosures. How come there are none being filed? Serious question. Did even liquidity.io owner Eric Cho sell his? Scam company.