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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

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Post by jdfm22on Sep 22, 2021 11:58am
229 Views
Post# 33898511

FOBI Volume - Don't Forget the Warrants

FOBI Volume - Don't Forget the WarrantsI believe that there is some euphoria over the past week or more regarding the FOBI S/P.  I do think that part of it is the excitement, part of it is the Short Sellers, covering their position.  But let's not forget the million + Warrants that have been around for a couple of years, plus the newly minted ~ 6 million warrants @$1.60 that purchased through the private placement in June.  Some of those Purchasers probably started selling yesterday to pocket the quick profit.  Some of those Warrant holders probably wanted the quick profit and probably some of the new Warrant holders may have been spooked by Short Sellers hammering the S/P down from the new 52 week highs.  Thus causing the S/P to fall faster than would be expected.  It would also explain the volume.  We'll probably get our answers from ROB from the financials at the GM to advise how much new cash FOBI has from Warrant holders exercising their option.  jdmf22
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