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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 LastZazon Oct 19, 2021 10:38am
202 Views
Post# 34022294

No concern here

No concern hereFunny to see the panic. Very few actual business minded individuals here.

It's like they think the stock price is a perfect reflection of business operations and potential. Suddenly the previously elated longs are jaded, panicking sellers, who have negative things to say about ownership and mangement.

The low IQ shorters who spend way too much time on here (Unicorn, Seelow, etc) suddenly feel like they have to interject as if they are geniuses when they both owned the company and sold out too early, thus losing all their potential gains from the massive price increase.

The facts remain the same for the company. Well positioned for continued growth. What do you expect when the share price goes up as much as it did in such a short time? That's why I sold 38% of my position at $3.73 to get literally all my initial investment back. Now I can just ride this out with zero concerns as I'm already up in the tens of thousands... Those of you who were too greedy to sell any partial position at those incredible all time highs, I would not be concerned in any case. You may be hoping for a get rich quick type of investment, but reality is developing a business takes time, and in that time, the share price will go up and down and much of the market reaction has nothing to do with the actual business operations. Personally, as I said before, I expected a large dip after such a large rise. 

My expectations is that we will bounce off of a support with a sudden high volume of buying when the share price is perceptually "on sale", and that will keep Fobi's price at least above $2 as we head into November/December. Personally, I intend to add if it goes anywhere below $2. Furthermore, I expect some "unexpected" news releases as far as additional business being lined up as we go into December. There is no actual cause for concern here. This is clearly a growth by acquisition story, and in time a share price of $3 will seem like a bargain.

GLTA
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