SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
(Rule 13d-101)
Under the Securities Exchange Act of 1934
FRMO CORP
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(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
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(Title of Class of Securities)
0001042017
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(CUSIP Number)
November 21, 2005
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(Date of Event that Requires Filing of This Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
[ ] Rule 13d-1(b)
[ X ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
CUSIP No. 0001042017
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
LAWRENCE J. GOLDSTEIN
___________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
___________________________________________________________
3 SEC USE ONLY
___________________________________________________________
4 CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
___________________________________________________________
7 SOLE VOTING POWER
NUMBER OF 2,161,613
SHARES --------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH REPORTING --------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
2,203,353
--------------------------------------
10 SHARED DISPOSITIVE POWER
0
_____________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,911,000
______________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [X]
___________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.1%
___________________________________________________________
14 TYPE OF REPORTING PERSON
IN
__________________________________________________________
Filing by Lawrence J. Goldstein of this statement shall not
be construed as an admission that such person is, for purposes
of Section 13(d) of the Securities Exchange Act of 1934, the
beneficial owner of any securities covered by this statement.
CUSIP No. 0001042017
___________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
SANTA MONICA PARTNERS, L.P.
13-3100474
_______________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
___________________________________________________________
3 SEC USE ONLY
___________________________________________________________
4 CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
___________________________________________________________
7 SOLE VOTING POWER
NUMBER OF 250,613
SHARES --------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH REPORTING --------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
250,613
--------------------------------------
10 SHARED DISPOSITIVE POWER
0
_____________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
250,613
______________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [X]
___________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.7%
___________________________________________________________
14 TYPE OF REPORTING PERSON
PN
Filing by Santa Monica Partners, L.P. of this statement
shall not be construed as an admission that such entity
is, for purposes of Section 13(G) of the Securities Exchange
Act of 1934, the beneficial owner of any other securities
covered by this statement.
CUSIP No. 0001042017
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
SMP ASSET MANAGEMENT LLC
___________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
___________________________________________________________
3 SEC USE ONLY
___________________________________________________________
4 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
___________________________________________________________
7 SOLE VOTING POWER
NUMBER OF 250,613
SHARES --------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH REPORTING --------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
250,613
--------------------------------------
10 SHARED DISPOSITIVE POWER
0
_____________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
250,613
______________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [X]
___________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.7%
___________________________________________________________
14 TYPE OF REPORTING PERSON
OO (LLC)
___________________________________________________________
Filing by SMP Asset Management, LLC of this statement shall
not be construed as an admission that such entity is, for
purposes of Section 13(d) of the Securities Exchange Act of 1934,
the beneficial owner of any other securities covered by this
statement.
CUSIP No. 0001042017
FRMO CORP. SCHEDULE 13G
Item 1.
(a) FRMO CORP.
(b) 320 Manville Road, Pleasantville, New York 10570
Item 2. Identity and Background.
(a) This Statement is being filed by Lawrence J. Goldstein, an
individual investor and the president and sole owner of SMP Asset
Management, Santa Monica Partners, L.P., a New York limited
partnership ("Santa Monica Partners"), SMP Asset Management LLC, a
Delaware limited liability company that acts as the general
partner of Santa Monica Partners ("SMP Asset Management").
(b) The principal business address of Mr. Goldstein, Santa Monica
Partners, SMP Asset Management (collectively, the "Reporting
Persons") is 1865 Palmer Avenue, Larchmont, New York 10538.
(c) Lawrence J. Goldstein, New York USA, Santa Monica Partners, a
New York limited partnership, SMP Asset Management LLC, a Delaware
limited liability company.
(d) Common Stock
(e) 0001042017
Item 3.
None
Item 4.
Lawrence J. Goldstein
(a) Amount beneficially owned: 1,911,000
(b) Percent of class: 5.2%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 2,161,613
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or
to direct the disposition of: 2,203,35
(iv) Shared power to dispose or
to direct the disposition of: 0
Santa Monica Partners, L.P.
(a) Amount beneficially owned: 250,613
(b) Percent of class: 0%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 250,613
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or
to direct the disposition of: 250,613
(iv) Shared power to dispose or to direct the disposition of: 0
SMP Asset Management, LLC
(a) Amount beneficially owned: 250,613
(b) Percent of class: 0%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 250,613
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or
to direct the disposition of:250,613
(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial
owner of more than 5 percent of the class of securities, check the
following |_|
Item 6.
Not applicable
Item 7.
Not applicable
Item 8.
Not applicable
Item 9.
Not applicable
Item 10.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are
held in the ordinary course of business and were not acquired and
are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
CUSIP No. 0001042017
SIGNATURE
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in
this statement is true, complete and correct.
November 21, 2005
/s/LAWRENCE J. GOLDSTEIN
--------------------------------------
Lawrence J. Goldstein
November 21, 2005
SANTA MONICA PARTNERS, L.P.
By: SMP ASSET MANAGEMENT LLC
By: /s/LAWRENCE J.GOLDSTEIN
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Lawrence J. Goldstein, President
November 21, 2005
SMP ASSET MANAGEMENT, LLC
By: /s/LAWRENCE J. GOLDSTEIN
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Lawrence J. Goldstein, President