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 > Dilution of epic proportions

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Post by zabber on Feb 03, 2024 11:29am

Dilution of epic proportions

Issuing 28m shares + 28m warrants = 56m shares on an outstanding share count of 176m = 24% dilution ...

.. for a measly $2m.

This company is TOAST. A square of toilet paper will soon be worth more than one of these shares.

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Comment by frankjosephjr1 on Feb 03, 2024 11:38am

Yep. That is why it is better to ask for share certificates.....why waste money on precious toilet paper. Remember Bre X certs.??

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Comment by gltaisignlongs on Feb 03, 2024 5:12pm

".. for a measly $2m." Correction: ".. for a measly $6m." The first 28m shares priced at .7c will bring 2m The second 28m shares will bring another 4m since they are priced at .14c

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