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Bullboard - Stock Discussion Forum 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... see more

TSXV:FOBI - Post Discussion

Fobi AI Inc > Rob's update
View:
Post by 4dexter on Jul 21, 2022 5:42pm

Rob's update

https://youtu.be/9xLvPtCWSbk

Rob is busy making deals but you would think with anew for and contoller , they would have some idea of revenues over time.  4 of the largest insurance companies on board in January with 10's of millions of users and only $300,00 in revenue for the quarter. Hopefully the CFO has a handle on the future revenues when contracts are signed. Sounds like more pilots going well but product is already proven so I do not understand more pilots.
Comment by PaperBoi222 on Jul 22, 2022 8:42am
This post has been removed in accordance with Community Policy
Comment by steamerlane on Jul 22, 2022 9:22am
Did you even read the quarterly report? The report consists of much more than quarterly revenues. Fobi Corporate Update Includes New Revenue Deals, an Increase of 48% in Year Over Year Revenue, a 43% Increase in Customer Signups  and the revernue that is not recognized in this quarter but will be in future reports.
Comment by zabber on Jul 23, 2022 3:15am
100% of 0 is 0. 48% of last year's revenue is not enough to cover a 50% reduction in burn rate. Will we ever get paid? That is to say, willl Rob ever have the balls to actually charge for his services or is this a pro bono gig? If Fobi's tech stack is so great, why is Rob paying for interviews and giving away the services for free? Oh, right, dilution incoming and we need more retail ...more  
Comment by indianinvestr on Jul 23, 2022 10:08am
remember robbie has to keep his share holders stringed like finger puppets or else he is for a share price destruction. Hoe does a restaurant stay afloat by giving away free appies all day? Being on the venture the shareholders pay for it through dilution.
Comment by 197020 on Jul 23, 2022 8:38pm
Indian Investor followed by the Asian investor.....interesting 
Comment by ArtVandelay79 on Jul 24, 2022 6:33am
The only thing interesting about it is that he thinks we are dumb enough to fall for the name change. I wonder how many tossed money into Sbbc based on his posts?
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