Fobi AI Inc V.FOBI

Saw this post on reddit

[Fenwickfox]

https://www.reddit.com/r/CanadianInvestor/comments/jiikfx/dd_on_loop_insights_mtrxv/

I didn't write the above post, but decent discussion can be had from it.

Information seems outdated with 2019 #'s. Compensation, from what I gather was under 400k for 3 CEO's, not 450k for 2.

I can't find 2020 cash burn of 14m, just 2018 of 7m and 2019 of 13m. Does anyone know what their current cash balance is--or better yet, updated financials for 2020? Or is that to be release in a few months?

The rest of it is hyperbole in pretending any company ever penetrates the entirety of a market potential and trying to compete with major conglomerates like Microsoft.

I do plan to reply/rebuttle the reddit post after work.

[jethro549]

first of all, my overall impression of this post is that it is written by a well known short basher that created a reddit account just to write one single post bashing a company who is starting to gain traction. No surprise. More of these guys will come crawling out of their holes in the coming months and years. Even Tesla has guys like this tearing the company apart. His post has zero merit as he

[speculator24]

it's definitely a bash job but I have noted before that the salary of leadership is unusually high for a startup. This is not a bashing post as you've seen from my previous posts I like to be very fair to all sides of the arguement. It is fair for any investor or potential investor to comment on the salaries of leadership because at the end of the day for pre-revenue companies that are

[mwddude]

Speculator24, i agree with what you say. The Reddit post is for all purposes an attack on LOOP. Personally, I am not bothered by what Rob pays himself.. This is Canada after all and 250k or 300 k/year doesnt go very far..lol. But relevant questions were raised. i am just trying to get people to look critically at this stock. It seems like it is "The Greatest Story Ever Told". And

[speculator24]

Same, I am personally excited about the potential this thing has but I'm a total realist. When everyone loses their s**t at every news release I do try put some things i perspective, more so because they think the share price is going to push through the atmosphere immediately. I try write in more realistic terms so people understand what their expectations should be in reality. And I hate

[mwddude]

Speculator24, I couldn't have said it any better.