Fobi AI Inc V.FOBI

Can't Find the Source

[RUSureAboutThat]

To any readers who may be interested:  I found this CEO.com post (under FOBI) on Thursday afternoon.  The post was left by someone with a moniker of "Thrifty".  He/She did not reference the source of the information.  I can't find the source.  "Wolfgang" of Oakville couldn't find the source to either support/refute/comment on the post.  The post provides some additional details not referenced in the recent $2 Mill private placement. The post does not provide a complete picture of the Private Placement. If anyone finds the web information referenced below, it would be appreciated if you the readers know so that those interested might check the source of the information.

Weblink to the CEO.com post:
 
https://ceo.ca/fobi?id=781a45441b67
 

@ThriftyJust the highlights from the partial revocation order supporting doc. Rather funny some of the blame for this is being laid at Passcreator's doorstep. The Issuer’s failure to file continuous disclosure documents in a timely manner arose because of administrative delays to its audit primarily related to its German subsidiary and financial difficulties. The Units will be offered to one Singaporean investor (the Transaction). Each Warrant will allow the purchase of a further Common Share for 24 months following the closing of the Transaction at a price of US$0.06 per Common Share and will include a provision preventing the holder from exercising such Warrant if it would result in their control of 20.0% or more of the outstanding voting securities of the Issuer. The Transaction is expected to take place in the province of British Columbia and the securities issued pursuant to the transaction will be distributed to a participant that is located outside of Canada. The Issuer will rely on the exemptions section 3 of BC Instrument 72-503 – Distribution of Securities outside British Columbia to complete the Transaction. Upon issuance of this order, the Issuer will issue a press release announcing the order and the intention to complete the Transaction, and the details of it. Upon completion of the Transaction, the Issuer will issue a press release and file a material change report. As other material events transpire, the Issuer will issue appropriate press releases and file material change reports as applicable.

[steamerlane]

The document is real and this would explain  FOBI's silence........link to document                                                                       https://www.bcsc.bc.ca/-/media/PWS/Resources/Securities

[RUSureAboutThat]

Here’s a link to the entire Sedar+ document.   https://www.sedarplus.ca/csa-order/viewInstance/view.html?id=5b948c1fc5c6f840c4ffe4ba613f04fafa3399b459077cca&_timestamp=3612607233212329   Here’s a paste of the text.   Citation: 2024 BCSECCOM 531  Background  Partial Revocation Order  FOBI AI Inc. Under the securities legislation of British Columbia (the 

[steamerlane]

Assuming the transaction wll be completed and FOBI then files all required documents/reports, to say FOBI at .04 is an oversold share price is an understatement.

[FobiLOL]

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