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

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TSXV:FOBI - Post Discussion

Fobi AI Inc > Company is going to look a lot different at end of year?

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Post by 64Chevy on Nov 24, 2023 8:42pm

Company is going to look a lot different at end of year?

Not sure what it means but I my hope is really good earnings, application to TSE, etc...

After reading the Sedar documents today we are down to 3 directors. I don't remember
any director resigning. Would that not be a material change?

With share price down so low is there any chance they are setting this up to take it private giving shareholders very little in return and the boot?

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Comment by TMVFR800 on Nov 24, 2023 10:20pm

Hey Chev, everyone is making good points. I read the Sedar filing. Lots of info in there. I'm concerned that they are holding the meeting smack in the middle of Christmas and NYE. do we really think that Fobi would go private and leave us in the wind? Really...what are the chances of that happening? Hard to say of course. TM

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Comment by 64Chevy on Nov 25, 2023 12:20pm

TM Going private is an option. Happened to a friend of mine who was invested in a company called "Ag Growth" or something to that effect. They bought back the cheap shares and decided to back to being a private company. It's really crappy because the grew the company on the backs of the investors and then dumped them by offering them pennies on the dollar. ...more

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Comment by TheWatcher780 on Nov 25, 2023 12:36pm

Yeah, imo, not a chance. You dont tell your shareholders you are looking to add long term shareholder value, or flash a 50$/share cake to the public and tell them YOU WILL EVERYTHING YOU CAN to get your shareholders there, only to go private. If, and that'd a huge if, he wanted to buy the shares back, it would need to be at minimum, the price where he sold (2$/share). ...more

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Comment by PaperBoi222 on Nov 25, 2023 1:06pm

Agreed.. Going Private doesn't make sense he owns 35 million + of this stock. However stating the company will look different by years end - Means he better deliver. Past performance and history aren't in our favor.. He's a great stock promoter using words to play on,But the wrong Ceo to lead this company forward!!! Let's not forget Loop appears to have been a shell ...more

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