Fobi AI Inc V.FOBI

Alternate Symbol(s): FOBIF

Technology Software - Application

Fobi AI Inc. is a Canada-based artificial intelligence (AI) and data intelligence company that provides businesses with real-time applications to digitally transform and future-proof their organizations. The Company enables businesses to action, leverage, and monetize their customer data by powering personalized and data-driven customer experiences and drives digital sustainability by eliminating the need for paper and reducing unnecessary plastic waste at scale. It operates in the technology industry and earns revenues from directly selling software-as-a-service (SaaS), reselling, referring, and licensing its technology to licensors. It offers Wallet passes, which are digital representations of physical cards or documents that are stored in mobile wallet apps and simplify the user experience by providing smartphone access to membership cards, coupons, tickets, and more. It enables businesses to action, leverage, and monetize real-time data across online and offline platforms.

TSXV:FOBI - Post by User

Fobi AI Inc

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Comment by HTNYC1on Nov 20, 2020 3:45pm

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Post# 31942841

RE:Takeover/Buyout

Never say never and I think that is the inevitable destination for this business as I've said all along but I think that's a 12-24 month event for them (and us) to get the valuation this should command.

My personal view from equivalent technologies that I've looked at is that they want to get the market cap to the $400-500m USD range and then shop the business looking for something closer to a $600-700m exit price which would be about 20-25x what it is valued at right now.

I will say that absolutely nothing has been stated by Rob or anyone to this effect but that's my sense of where this road leads and I hope it leads there 12-24 months from now.

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