Fobi AI Inc V.FOBI

FOBI "year end"

[zabber]

Robbie summarizing the year in a Christmas sweater isn't gonna save this stock, nor is another hit of hopium.

Investors want 10x revenue in FY2023, or a clear path therein. "We solve problems [for free]" isn't going to work again.

An announcement of broad 8112 adoption, powered by FOBI, or a major recurring revenue deal (similar to Sobey's in size), would be a starting point.

[Stillconfused]

That is lofty expectation, if you are suggesting by June (FY2023).  I would be satisfied with 5x as that is all that is needed to be cash flow positive (i.e going from $2m to $10m). If 8112 does gather steam in the new year, it will establish a clear path but I wouldn't bet on 10x revenue happening in less than12 months, as time is needed for CPGs/Retail/and customers to begin

[Ezzzra]

The BIGGEST PUZZLE PIECE that remains -  ADOPTION RATE NUMBERS. The Intangible squint vrs. the Tangible eyeopener. Example: Chatgpt's adoption rate / timeline / downloads ----- SMOKED ----  FB - TikTok and other Big's.  8112. Arizona dreaming. GLTA.

[woundedknee]

Whenever we see a "shares for debt" transaction, it gives us that nice warm feeling. These shares issued at 44 cents are now 21 cents. Not a good deal for the debtor. Bankruptcy anyone?

[steamerlane]

FOBI reduces debt and you talk about bankruptcy?? Now I know, some of our world is upsidedown.

[filoux004]

It just highlights that fobi has no cash to meet it's financial obligations and the creditor knowing that accepts shares ie more dilution and turns around and immediately sells into the market. Read the fins. Glta

[pacer217]

Come on Filly.... That's weak.  Your concerned for "Dilution"/  500,000 shares on this float is about point  3 of one percent.. That is like having a TimBit with a coffee and worrying about getting fat. And your suggesting that he would immediately sell @ a loss of 55%  rather than hope for achance to recover losses in coming weeks?? 

[filoux004]

Time will tell. GlTA where is the corporate update ie NTT data? Oracle? Insurance co ? Shopify? Amazon? Telus? UK pharmacy? Big White? NCAA? Golf? CHL Hochey? Mercedes? BMW? and more? Much appreciated. GlTA is Sobeys still happening?

[PaperBoi222]

This post has been removed in accordance with Community Policy

[filoux004]

Time will tell, in the meantime where is the corporate update on all the channels I mentioned? Glta 

[steamerlane]

BRINGS MORE CREDIBILITY TO YOUR BUSINESS When does an investor invest in the business? When he sees the auditing report of any business. Of course, they will also check whether an insider or an unknown person does it. They won’t easily trust a statement made by the company’s s auditors because they know it could be fake or made on their desired conditions. So they will never charge your firm

[steamerlane]

1. Outsourced Accounting Saves You Time 2. Hiring an Accounting Firm Can Save You Money 3. Accountants Are the Tax Experts 4. Outsourced Accounting Ensures Compliance 5. An Accounting Firm Can Offer Financial & Tax Advice 6. An Accounting Firm Can Provide IRS Representation

[filoux004]

Thanks... It's over