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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 64Chevyon Nov 25, 2023 12:20pm
134 Views
Post# 35752794

RE:RE:Company is going to look a lot different at end of year?

RE:RE:Company is going to look a lot different at end of year?TM

Going private is an option.  Happened to a friend of mine who was invested in a company called "Ag Growth" or something to that effect.  They bought back the cheap shares and decided to back to being a private company.  It's really crappy because the grew the company on the backs of the investors and then dumped them by offering them pennies on the dollar.   

The CEO and other officers of the company hold the majority of voting shares so they could probably swing a private vote and then they really wouldn't have to worry about share price.  It's been mentioned in many interviews that they are not worried or not paying attention to share price and just focusing on building the company.   I think it is a slim to no chance they are taking this private but I am not ruling it out.  

I believe in what the CEO is doing and looking forward to many good months ahead and hopefully put the last couple of years behing us.

Cheers,
Chevy 
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