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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 gltaisignlongson Dec 29, 2024 11:16am
60 Views
Post# 36379931

RE:RE:RE:RE:RE:RE:RE:Shares for Debt

RE:RE:RE:RE:RE:RE:RE:Shares for DebtThe end result is very similar but the end result in terms of who owns the shares is different

Here is one example of Fobi issuing shares for debt - https://www.stockwatch.com/News/Item/Z-C!FOBI-3572828/C/FOBI

In this case Fobi owed money to 2 creditors and these creditors accepted Fobi shares as payment,  These creditors did not get the money from Fobi (of course they can sell the shares in the open market to get their cash)

In the latest PR Fobi owes money to a lot (too many) of creditors.  These creditors are not getting paid in shares but in money.  There is a single subscriber/investor willing to give 2 million to Fobi in exchage for 56 million shares.  In this case, Fobi is the one getting the money and then using the money to paid the creditors.  The investor is the one getting the shares

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