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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

Post by Bezzystuarton Jun 29, 2021 2:11pm
179 Views
Post# 33466978

Sell the fobi

Sell the fobiHey oceandavid. Yeah it kinda sucks right now. The new round of shares really makes people wonder whats going on. Ironically they have sold the fobi but a couple of commentors are playing that down. The 2M licence sold last quarter and the butt load of shares they got were just one of the sales they have done. They also got a couple of other major licensing deals where other companies have given 10-40% of their companies shares for a licence to use fobi ( not including the small amount of trailing commissions those deals give) The main issue is that Rob is going after the biggest whales you have ever seen for a company this size. He has had to increase his teams size and make acquisitions (like passcreater) that have made the cash they put aside from warrents in 2019 no longer cover their expenses. He actually made a new release stating no more share dilutions were expected this year and yet its gone from 100 to 130 million share outstanding. This could means they were successful in getting the sobey or uk fuel deals and just needed to ramp up in size but was unable to tell us because the contract isnt finalised Or it could mean they didnt get it and they are looking for cash to keep going. It could also mean they are fixing some usability issues to make sobeys/ uk deal work. We just dont know. We do know that they have an edge in their sector that people are willing to pay for but they are still in the process of turning it into deals. Thats it. Also to the two bashers (maybe)......you might want to read up on the the sec mandate changes coming into effect and how they are going to be retroactive from 2019.........i wouldnt make it worse if i was you
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