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Fobi AI Inc V.FOBI

Alternate Symbol(s):  FOBIF

Fobi AI Inc. is a Canada-based artificial intelligence (AI) and data intelligence company. The Company operates in the technology industry and sells software as a service (SaaS), reselling, referring, and licensing its technology to licensors. The Company enables businesses to action, leverage, and monetize their customer data by powering personalized and data-driven customer experiences. The Company provides solutions, such as data, wallet passes, coupon platform, and marketing services. Its Sunflora is a global health and wellness retailer in the United States. Its wallet pass platforms deliver personalized, digital experiences directly through the mobile wallet. Wallet apps are used to save digital passes like coupons, membership cards, and event tickets as well as means of payment like credit cards. Its marketing services offer copywriting, blog post writing, video production, podcast production, photo editing, and more. It also offers a Qples SaaS coupon management platform.


TSXV:FOBI - Post by User

Post by woundedkneeon Jan 26, 2022 8:07am
320 Views
Post# 34361340

Reading the chart from the high

Reading the chart from the highJust out of curiousity, I checked the chart from Fobi's high on Sept.27 which was $3.58 to today"s share priceof $1.02. In that time there were what I would classify as 14 major acquisitions or partnerships and another nine that were of lesser significance, but important and accretive to revenue. All of this very positive news in only four months, and the share price drops over 70% in that time. Was it overpriced at its high? Maybe, but I've seen reports predicting a much higher price. Or maybe it goes up and down with the Nazdaq, or it could be heavily shorted. It would seem that sooner or later a major news release will turn this downward trend around. That seems logical. Of course the markets are very jittery now and that has to be considered. jmo
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