Fobi AI Inc V.FOBI

People will argue microcaps don’t have a floor

[Baysv1lle]

But for 2021 Fobi sp has bottomed  a few times at $1.00.... so that felt like the floor

Fobi started this last run from $1.00 and now on the trip back down it seems to have reached and passed maximum selling pressure and the sp is at $1.60

There is almost no volume now so it indicates that it's a market neutral situation and any positive news could begin to lift the sp 


Wherever the sp ends up in the next few weeks will be the new floor ... hopefully the sp can land somewhere above a dollar ($1.60 hopefully) and will have a higher base to build from going forward which would give investors a positive takeaway in terms of sp from this latest boom/bust cycle 

Of course all the positive news releases that Fobi as a company has given over the last 2 to 3 months still stand and bode well as a setup for future revenue increases ....which will be required for future sp gains that can be sustained and built upon unlike the last month 
The future is bright but it may take awhile to get there and patience will be required

[pacer217]

Remember, Q #1 will be released about two weeks from next wedn., (my guess) It will show income for Q1 about $220,000 - (my guess) Thats 50 per cent above Q4. -- so decent progress. The Annual is four weeks from next friday,  so that  will be full of good news to support the stock into the new calendar. probably have 6 to 7 good press releases before that as well.

[filoux004]

With anemic revenues in the next 6months there is no way they can meet there monthly expenses of 1m plus, thus I believe another capital raise at a much lower SP is eminent ie eternal Loop of dilution, this mkt cap 220M is unjustifiable by any stretch of the imagination. Gday

[PaperBoi222]

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[Northstar49]

True That PaperBoi222

[zabber]

At least $2M in revenue next year from a single acquisition. Sounds like they'll cover their expenses just fine. This ain't a pre-rev company anymore, mate. Last chance to load at $1.50 range.

[steamerlane]

Any day now the quarterly report will be released.