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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 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

Comment by Goguenovichon Dec 11, 2020 7:34pm
380 Views
Post# 32091586

RE:RE:Flood of cheap shares about to hit

RE:RE:Flood of cheap shares about to hitVast majority if not all those warrants have already been exercised! Thats precisely the reason why they said in today's press realease that they got 4.6 M in cashflows from warrants!!! Most of the warrant holders have probably shorted the stock over the last days in order to cash in first and than exercised their warrants. That, combined with panic selling, have created downside pressure on the stock over a couple of days. That is now over and money is in company's treasury, bringing more flexibility to develop. No more dilution as per Rob's quote, except in favor of a strategic partner wich would be seen as good dilution if that ever happen. 
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