RE:Shares for DebtWhat's to wonder? They've been unable to raise capital, their revenue is far lower than their burn rate.
I've posted multiple times based on calculations that they could not have any capital remaining.
I feel sorry for the ordinary staff working at Fobi, based on the figures owed they haven't been paid for a few months.
I'm struggling to see how they survive beyond this even with investment. Their dirty laundry is being aired so publicly, hard to attract new customers when anyone doing their due diligence will see such concerning practices