FRMO Corp. Appoints R. Rimmy Malhotra to Board of Directors [Yahoo! Finance]
FRMO CORP (FRMO)
NASDAQ:AMEX Investor Relations:
frmocorp.com
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Source: Yahoo! Finance
the size of the Board of Directors to nine and has appointed R. Rimmy Malhotra to the Board. With the appointment of Mr. Malhotra, FRMO Corp. has nine directors on its Board of Directors, of which five are independent. "We are very pleased to welcome Rimmy Malhotra to the Board," stated Murray Stahl, FRMO Corp.'s Chairman and Chief Executive Officer. "As we continue to focus our attention on expanding and integrating a number of our strategic investments that are now approaching critical mass, FRMO Corp. will benefit tremendously from Rimmy's unique perspectives and extensive experience." Malhotra commented, "FRMO is at an exciting juncture. I am thrilled to be joining the board and contributing to the Company's future success." R. Rimmy Malhotra, serves as the Managing Member and Portfolio Manager for the Nicoya Fund LP, a private investment partnership. Previously, he served as portfolio manager of the Gratio Values Fund, a mutual fund registered under the Investment Act of
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