RE:FOBI AI Non-Brokered Private PlacementI guess we can make a reasonable guess as to the who and why....
For the who, I'll look to a big entity from the US(transaction in US dollars) that has been working with Fobi since March.
For the why, I have to assume that this entity likes what they see and believes in the potential of Fobi (large investement, twice the market price)
Like any other investor this entity has done its DD and believes shares are under valued relative to the potential return
Do your own DD.