Post by
Seelow7 on Apr 19, 2022 9:03am
Why isn’t Kathy Wood buying $FOBIF?
3 reasons (and she's made a fortune being ahead of the pack):
1. She hasn't heard of FONI. But she has. We've seen the interview.
2. She knows FONI, has seen the charts and run screaming.
3. She's interested but knows she can take a position at a much lower price. Lower than .69 cents which will be Friday'sclose? Yes. Wood might be waiting for .30's again. What a disaster!
Comment by
filoux004 on Apr 19, 2022 9:11am
Overvalued way way Overvalued. As of Dec 31 there was 4.8M cash their monthly cash burn is exactly 724K . That means there is 6.6M of cash left ie they run out by June. Unless there a substantial ramp up in revenus ie 3M plus n'est quarter June 6th they will have to tap the capital again ie more dilution. The accumulated deficit will be 52M by June 6th. Overvalued way way Overvalued Peace
Comment by
Stillconfused on Apr 19, 2022 10:35am
You need to take grade 2 math over again