Post by
speculator24 on Jul 14, 2021 4:02pm
New Cheerleaders, Same Sensitive Souls
Wow plenty of people getting butt hurt about me responding with facts and resorting to name calling.
Same sensitive souls on here.
If you'll go through my previous posts about this company I was very in on Loop, now FOBI. I was always posting with a sense of realism too, many on here post absolute fantasy contracts with no idea how business works.
First I'd like to address a few things, not once did I hurl insults or call anyone stupid for investing in this company. I held quite a few shares, lapped them up at 22 cents as I expected it was as low as the price would get so risks were lower. I never claimed to sell at the top, I said I sold at the peak meaning it was in the share high region but not at the absolute height, I did realze a decent return.
The reason I exited was because of the lack of conversion. I'd been in for so long and the press releases just became noise. Everything was talks, POC etc. Nothing converted and anything that was was zero revenue.
Looking at the financials Rob is drawing a huge salary for a small cap pre revenue company, that concerned me. There have been too many red flags here.
People hark on about oh Rob has now put in $350k of his own money from this recent fund raise. Firstly look at how much money he has taken out of the business, he is the founding shareholder. Usually those folks don't take a salary or at least just draw a living wage because when the company is successful they will net a much higher return and those funds in the early days are better spent elsewhere.
Secondly when going in to a major fund raise investors will look to the CEO/Founder seeking the funds, if they don't have skin in the game they will find it extremely difficult to convince investors to part with serious capitol so I'm sure he was advised to put some money in,,,,which actually he'd drawn out of the company previously.
I walked away because of the burn rate of this company and the stuff I'm seeing does not make sense. The internet searches were not favourable seeing staff previously going unpaid for months.
If you want to look at this company through rose tinted glasses then do so, that is up to you. When this board was a little bit more lively I prefered having more pragmatic discussions with the fellow investors and not all the fantasy pie in the sky hopes that are much more prevelant today.
Last thing, I am so glad Jethro is nowhere to be seen as he was the most annoying of all the fantasists who spoke utter nonesense and based all his info from interacting with the marketing team and Rob directly. My advice to anyone is do full due dilligence, the financials are public and easiliy accessible and if the press releases don't have financial projections contained in them then just ignore them as it's just marketing material.
Comment by
prophetoffacts on Jul 14, 2021 7:26pm
This post has been removed in accordance with Community Policy
Comment by
Sugaman on Jul 14, 2021 7:42pm
He owns over 32M shares fwiw
Comment by
ArtVandelay79 on Jul 14, 2021 9:22pm
You are just reinforcing what he believes FOBI will become. If he's dumping his wages into shares then obviously he's very bullish on it. If it was a scam like you bashers say it is, why would he dump cash into it to watch it erode away? I'll wait for your reply champ.
Comment by
thearab on Jul 14, 2021 10:45pm
I have been on here for over 20 years and inthat time Ihave seen other posters get sued for posting accusations that they were not able to prove hope you can prove what you just wrote.
Comment by
ArtVandelay79 on Jul 15, 2021 12:02am
If true lawyers would have a field day with the bashers on the yahoo finance board....what a sad place that is.
Comment by
ArtVandelay79 on Jul 15, 2021 11:40am
So what you are suggesting is that Telus, Sobeys, NTT etc are all complete fools too and have not done any DD on FOBI? The employeees they are taking from other companies are also jumping blindly into this also? I want to live in your fantasy world.
Comment by
speculator24 on Jul 15, 2021 2:34pm
Just google sites where current and former staff tend to review the companies they work for. There are a number of posts outlaying that they weren't paid for months, paycheques were always late and that while they weren't being paid the boss was on vacation
Comment by
thearab on Jul 15, 2021 2:45pm
I don't mind being proven wrong I'll check.
Comment by
cordillon on Jul 15, 2021 5:15pm
To speculator; you have to do better than that spec. Provide the links.
Comment by
speculator24 on Jul 15, 2021 2:00pm
His current salary is $221k, his salary prior to Covid was $300k And Artvanderley, Sobey's is a pilot, nothing has been executed. How many other pilots and LOI's have there been and none of them went through. The Telus deal is a reseller agreement, it represents zero revenue. It's like a supermarket putting a can of beans on the shelf in an aisle
Comment by
filoux004 on Jul 15, 2021 2:05pm
Fun fact last quarter they spent 14K! that's right on R/D expenses!!! Fun fact they hired a PR Firm EMC LLC for 250k us$ a year!!! which by the way after 3 fluff pieces as gone totally silent. Fun fact FOBI in financial jargon mean Fear of being Invested. Go Bucks Go
Comment by
Gordinno on Jul 15, 2021 2:20pm
Your going to go the way of seelow very soon
Comment by
ArtVandelay79 on Jul 15, 2021 11:55pm
Sure thing champ....because Telus would want to associate with what you describe as a failure. Good luck shorting little fella!