Post by
HTNYC1 on Oct 16, 2021 6:26am
Think like a VC not a retail investor
I've mentioned before that if fobi was american it would be a unicorn already. It also would NOT be a public company yet. It would be going through the seed rounds and accumulating millions in series A and B money at a likely 1-2bn USD premarket valuation at this point. Sheldon Inwentash is clearly a morally bankrupt man but that doesn't make him stupid. Canada's lack of a VC scene makes breakthrough companies take the long way around to the big dance on the Nasdaq and that is exactly what fobi is doing. You get to buy this company at Series A prices. Once it hits the Nasdaq that moment is gone. You are in a beautiful window where retail actually has some power here. That window closes 6 months from now. Tech investors shouldn't think what is this company worth based on fundamentals or what nobslapper2000 says on a stupid message board. They should think (and I agree with Stan here) what would it cost facebook, amazon, apple, google, Oracle or others to build this and then add a 40% premium on top because if you are long that is what will happen here.
Comment by
Baysv1lle on Oct 16, 2021 8:43am
Great post HTNYC1....pay attention to this post anyone that is debating whether to start a position in Fobi or considering adding more