UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                         PURSUANT TO SECTION 13 OR 15(D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

        Date of report (due of earliest event reported) November 23, 2005

                         Commission file number: 0-29346

                                   FRMO CORP.
             (Exact name of registrant as specified in its charter)

                  Delaware                                        13-3754422
(State or other jurisdiction of incorporation                 (I.R.S. Employer
         or organization)                                     Identification No)

320 Manville Road, Pleasantville, NY                                  10570
(Address of Principal executive offices)                           (Zip Code)

       Registrant's telephone number, including area code: (914) 632-6730

<PAGE>

Item 8.0 Other Events

Proposed Spin-Off of Fromex Shares

On September 30, 2005, FRMO Corp.  ("FRMO" or the "Registrant")  filed a Current
Report (Form 8-K) about the postponement of a proposed dividend  distribution of
shares of  common  stock of  Fromex  Equity  Corp.  ("Fromex"),  a  wholly-owned
subsidiary of FRMO, in order to provide  additional  time for the  Registrant to
consider  a  procedure  for  resolving  the  problem  created  for FRMO by a new
accounting  rule  (EITF  03-16).  That rule which was  effective  from and after
September 1, 2004,  mandated a change in FRMO's  accounting policy for reporting
revenue from its 8.4%  interest in Kinetics  Advisers,  LLC from the cost (cash)
method to the equity (accrual method) as reported in the Registrant's 8-K report
dated June 16, 2005.

The Board of Directors of FRMO will be meeting  early next month to consider the
following  proposal to distribute shares of Fromex to FRMO shareholders  whereby
Fromex  will have more than 500  shareholders  of record and will  register  its
common stock with the Securities and Exchange  Commission when it is required to
do so under the Securities Exchange Act of 1934 (the "Exchange Act"):

            1.    FRMO  will  continue  as the  owner  of the 8.4%  interest  in
                  Kinetics Advisers,  LLC and therefore will not be able to file
                  audited  statements  until such time, if any, that  investment
                  managers of hedge funds are required to have audited financial
                  statements by changes in the regulations or laws applicable to
                  them.  If this  does not  happen  FRMO  will  employ a reverse
                  stock-split  to reduce its  shareholders  to less than 300 and
                  then move to de-register its shares.

            2.    By agreement between FRMO and Fromex,  FRMO will pay to Fromex
                  consulting fees, initially equal to ten (10%) percent of total
                  cash receipts of FRMO on a quarterly basis (including the cash
                  receipts  from FRMO's  equity  interest in Kinetics  Advisers,
                  LLC).  Since  Fromex's  right to receive such payments will be
                  based on, and measured by, cash receipts of FRMO, the revenues
                  of  Fromex  can  be  independently   audited  for  reports  to
                  shareholders.

            3.    FRMO,  the owner of 14,400,000  shares of Fromex common stock,
                  representing  its 100%  ownership  of  Fromex  will  declare a
                  dividend in shares of Fromex  common stock of one (1) share of
                  Fromex  common stock for each fifty (50) shares of FRMO common
                  stock.  There are currently  36,083,774  shares of FRMO common
                  stock  issued and  outstanding,  and taking into  account that
                  cash will be paid to shareholders  for fractional  shares,  an
                  estimated  720,000  shares  of  Fromex  will  be  distributed,
                  representing  5% of the  common  stock of  Fromex,  with  FRMO
                  continuing to own 95% of Fromex stock.

<PAGE>

            4.    Subject  to   considering   comments  from  its   shareholders
                  concerning this distribution,  the proposed spin-off of Fromex
                  common  stock  will be  made on  January  24,  2006 to  FRMO's
                  shareholders  of record at the close of  business  on December
                  27, 2005.

Separately,  Fromex has commenced  negotiations  with Horizon Asset  Management,
Inc. to acquire a revenue interest in future fees to be received by Horizon from
a hedge  fund it is  establishing  in  partnership  with a  division  of  United
Overseas  Bank.  While this fund is expected to be  effective  before the end of
2005,  there can be no  assurance  that this  will  occur or that an  acceptable
agreement between Fromex and Horizon can be reached.

Further, FRMO Corp. is in the process of establishing,  with a minority partner,
an offshore  exchange traded fund.  Fromex has commenced  discussions  with FRMO
Corp.  about a direct revenue interest in the fees FRMO Corp. is to receive from
this fund.  This fund is also  expected to be effective  before the end of 2005,
but there is likewise no assurance that this will occur or that acceptable terms
between Fromex and FRMO Corp. can be reached.

                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
   the registrant has duly caused this report to be signed on its behalf by the
   undersigned hereunto duly authorized.

                                                            FRMO CORP.
                                                      ----------------------
                                                           (Registrant)

                                                    By Steven Bregman
                                                      --------------------------
Date: November 23, 2005                                Steven Bregman, President
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                         PURSUANT TO SECTION 13 OR 15(D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

        Date of report (due of earliest event reported) November 23, 2005

                         Commission file number: 0-29346

                                   FRMO CORP.
             (Exact name of registrant as specified in its charter)

                  Delaware                                        13-3754422
(State or other jurisdiction of incorporation                 (I.R.S. Employer
         or organization)                                     Identification No)

320 Manville Road, Pleasantville, NY                                  10570
(Address of Principal executive offices)                           (Zip Code)

       Registrant's telephone number, including area code: (914) 632-6730
Item 8.0 Other Events

Proposed Spin-Off of Fromex Shares

On September 30, 2005, FRMO Corp.  ("FRMO" or the "Registrant")  filed a Current
Report (Form 8-K) about the postponement of a proposed dividend  distribution of
shares of  common  stock of  Fromex  Equity  Corp.  ("Fromex"),  a  wholly-owned
subsidiary of FRMO, in order to provide  additional  time for the  Registrant to
consider  a  procedure  for  resolving  the  problem  created  for FRMO by a new
accounting  rule  (EITF  03-16).  That rule which was  effective  from and after
September 1, 2004,  mandated a change in FRMO's  accounting policy for reporting
revenue from its 8.4%  interest in Kinetics  Advisers,  LLC from the cost (cash)
method to the equity (accrual method) as reported in the Registrant's 8-K report
dated June 16, 2005.

The Board of Directors of FRMO will be meeting  early next month to consider the
following  proposal to distribute shares of Fromex to FRMO shareholders  whereby
Fromex  will have more than 500  shareholders  of record and will  register  its
common stock with the Securities and Exchange  Commission when it is required to
do so under the Securities Exchange Act of 1934 (the "Exchange Act"):

            1.    FRMO  will  continue  as the  owner  of the 8.4%  interest  in
                  Kinetics Advisers,  LLC and therefore will not be able to file
                  audited  statements  until such time, if any, that  investment
                  managers of hedge funds are required to have audited financial
                  statements by changes in the regulations or laws applicable to
                  them.  If this  does not  happen  FRMO  will  employ a reverse
                  stock-split  to reduce its  shareholders  to less than 300 and
                  then move to de-register its shares.

            2.    By agreement between FRMO and Fromex,  FRMO will pay to Fromex
                  consulting fees, initially equal to ten (10%) percent of total
                  cash receipts of FRMO on a quarterly basis (including the cash
                  receipts  from FRMO's  equity  interest in Kinetics  Advisers,
                  LLC).  Since  Fromex's  right to receive such payments will be
                  based on, and measured by, cash receipts of FRMO, the revenues
                  of  Fromex  can  be  independently   audited  for  reports  to
                  shareholders.

            3.    FRMO,  the owner of 14,400,000  shares of Fromex common stock,
                  representing  its 100%  ownership  of  Fromex  will  declare a
                  dividend in shares of Fromex  common stock of one (1) share of
                  Fromex  common stock for each fifty (50) shares of FRMO common
                  stock.  There are currently  36,083,774  shares of FRMO common
                  stock  issued and  outstanding,  and taking into  account that
                  cash will be paid to shareholders  for fractional  shares,  an
                  estimated  720,000  shares  of  Fromex  will  be  distributed,
                  representing  5% of the  common  stock of  Fromex,  with  FRMO
                  continuing to own 95% of Fromex stock.
4.    Subject  to   considering   comments  from  its   shareholders
                  concerning this distribution,  the proposed spin-off of Fromex
                  common  stock  will be  made on  January  24,  2006 to  FRMO's
                  shareholders  of record at the close of  business  on December
                  27, 2005.

Separately,  Fromex has commenced  negotiations  with Horizon Asset  Management,
Inc. to acquire a revenue interest in future fees to be received by Horizon from
a hedge  fund it is  establishing  in  partnership  with a  division  of  United
Overseas  Bank.  While this fund is expected to be  effective  before the end of
2005,  there can be no  assurance  that this  will  occur or that an  acceptable
agreement between Fromex and Horizon can be reached.

Further, FRMO Corp. is in the process of establishing,  with a minority partner,
an offshore  exchange traded fund.  Fromex has commenced  discussions  with FRMO
Corp.  about a direct revenue interest in the fees FRMO Corp. is to receive from
this fund.  This fund is also  expected to be effective  before the end of 2005,
but there is likewise no assurance that this will occur or that acceptable terms
between Fromex and FRMO Corp. can be reached.

                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
   the registrant has duly caused this report to be signed on its behalf by the
   undersigned hereunto duly authorized.

                                                            FRMO CORP.
                                                      ----------------------
                                                           (Registrant)

                                                    By Steven Bregman
                                                      --------------------------
Date: November 23, 2005                                Steven Bregman, President