Fobi AI Inc V.FOBI

Strange start!

[pacer217]

Today there were 45 trades in the first 90 seconds. ( only three were from Institutions ( over 30,000 per )
 Rest from little people like me.  next FIFTEEN  minutes zero trades!

I note that the BID is now @ .05 cents -- firsttime ever at that level.  See if any retailer sell there.

[steamerlane]

The most lilely reason for the retail trades is the loss of faith in FOBI, therefore they begin to sell and take their losses. This is what can happens when a micro-small company doesn't put forth an effort to support the share price, instead relys on what they feel is "value". So now we begin to see investors response to that in the collapse of the share price, to new lows.

[gltaisignlongs]

No surprises here... - the majority of the trades are the open had anoymous as the seller, not retail customers.... - Anonymous dumped 250k at the open.  Why? We can take a guess and maybe this was/is the intention - For the last 12 trading sessions Fobi has traded less that 500k shares for each session with a daily average less than 300k.  Therefore, the real surprose here is that

[WolfOakville]

Or, (and it wasn't a long weekend in the US), markets got hit hard yesterday in the US and here we have a stock that has broken pretty much every commitment they ever have including the PP which was to close in 3 days about 35 days ago. I also estimated they would be out of cash between July-August. Here we are.