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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 HTNYC1on Mar 05, 2021 9:14am
163 Views
Post# 32726505

RE:RE:RE:RE:Wait for Loop to be profitable?

RE:RE:RE:RE:Wait for Loop to be profitable?Filoux...

Here's a short list of things that have already been announced that I'm pretty sure they aren't doing for free:

- Yourcbd store roll out to 550 stores with an average of 4 tills per and an average revenue of $40 per till per month
- Pilots with Pharmassist and Maplin - there is always a fee for that even if not fully deployed 
- WBC full wallet deployment and ongoing engagement beyond just Canelo fight
- Big West and golf bubbles and other bubbles they've already done
- $250k from Maitri not to mention the $1.75m in stock they received which is currently worth about 15% more than when the deal was announced

And a whole lot of other things besides.

On the cost side, a large portion of the cost was driven by share based compensation which I am almost totally certain is concentrated in large chunks given to the new heavy hitters they brought on - those are 1 time payments

As to the burn rate. Rob has previously stated that they have plenty of cash on the balance sheet to get through 2021 even if they don't earn another dime. I'd trust that over any of our relative and subjective interpretations of their burn rate.

I'm questioning providing these facts because I'll happily add a whole lot of shares at a lower price but in the spirit of truth and honesty I feel obligated to counter your claims and perhaps provide some peace of mind to the longs on here.

GLTA
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