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Bid x Size
$0.099 x 10,000
into the single digits
Kick in the boy balls too Janey
that's a fucking kick in the girl balls!
Delay delay
Investor Update Header
Fobi AI Announces Application for Voluntary MCTO
Fobi announces that it has proactively applied for a voluntary management cease trade order with the British Columbia Securities Commission.
VANCOUVER, BC, October 26, 2023, Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the "Company" or "Fobi"), an industry leader in harnessing AI and data intelligence to enable digital transformation, announces that it has proactively applied for a voluntary management cease trade order (the “MCTO”) with the British Columbia Securities Commission, as a result of certain factors beyond the Company’s control, which will cause delays to the filing of the Company’s annual financial statements and accompanying management’s discussion and analysis for the fiscal year ended June 30, 2023 (the “Required Filings”). The MCTO only restricts the Chief Executive Officer and Chief Financial Officer of the Company from all trading in securities of the Company until such time as the Required Filings have been filed by the Company and the MCTO has been lifted. The MCTO does not affect the ability of other shareholders of the Company to trade in securities of the Company.
The delay in the Required Filings is a result of an ongoing remediation process by the Company’s prior auditors relating to the audit of the Company for the financial year ended June 30, 2022, which they previously completed, as well as the ongoing current year audit. The Company is working diligently with the previous auditors to resolve their matter as quickly as possible and with the current auditors to complete and finalize the audit of the June 30, 2023, financial statements.
Rob Anson, CEO of Fobi AI, states: “Our business is growing and has expanded its operations globally, which has brought about certain complexities. After careful consideration, we have made the decision to file a voluntary MCTO (Management Cease Trade Order) and take proactive measures to safeguard the liquidity of our stock. We view this as a responsible and proactive step towards ensuring transparency, compliance, and protecting the interests of our shareholders with regard to the liquidity of our stock.”
The Company expects to file the Required Filings before November 30, 2023. Until the Company files the Required Filings, it will comply with the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders. The guidelines, among other things, require the Company to issue bi-weekly default status reports by way of a news release until such time as the Required Filings have been filed.
This press release is available on the Fobi website.
To download the Fobi Investor Experience Wallet Pass to get enhanced access to investor information about Fobi, please visit our Investor Experience page.
About Fobi AI
Founded in 2017 in Vancouver, Canada, Fobi is a leading AI and data intelligence company that provides businesses with real-time applications to digitally transform and future-proof their organizations. Fobi enables businesses to action, leverage, and monetize their customer data by powering personalized and data-driven customer experiences, and drives digital sustainability by eliminating the need for paper and reducing unnecessary plastic waste at scale.
Fobi works with some of the largest global organizations across retail & CPG, insurance, sports & entertainment, casino gaming, and more. Fobi is a recognized technology and data intelligence leader across North America and Europe, and is the largest data aggregator in Canada's hospitality & tourism industry.
On behalf of the Board of Directors of the Company
“Rob Anson”
Rob Anson
Chief Executive Officer and Director
CONTACT US FOR MORE INFORMATION
Fobi
Rob Anson, CEO
T: +1 877-754-5336 x 3
E: ir@fobi.ai
Cautionary Statement Regarding Forward-Looking Information
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words “believes,” “may,” “plans,” “will,” “anticipates,” “intends,” “could”, “estimates”, “expects”, “forecasts”, “projects” and similar expressions, and the negative of such expressions. Forward-looking information in this news release may include statements about the expected filing of the Required Filings as well as the grant of a MCTO.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made including, without limitations, information based on the current state of the Required Filings, the anticipated work required for prior auditors to complete their remediation work, staffing challenges present at many accounting firms and other factors which may be outside the control of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information, and there is no guarantee the Required Filings will be made on the timeline currently expected or at all or that an MCTO will be granted. If the MCTO is not granted and/or the Required Filings are not filed on time or are subject to additional delays, the securities of the Company could be subject to a cease trade order or other actions taken by the securities regulators and/or exchanges. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Fobi AI Inc, 200-560 Beatty St, Vancouver, BC V
Perhaps Wallet Com sees the potential value of the shares?
"The initial purchase price is 29,010 euros ($41,858.40)" what value could there possibly be in this deal.
This forum seems dead chil. Nothing ever posted here
Anyone notice this?
Fobi AI Agrees to Acquire Spanish Digital Wallet Agency Wallet-Com
8:38 AM ET 10/18/23 | MT Newswires
Fobi AI Agrees to Acquire Spanish Digital Wallet Agency Wallet-Com
08:38 AM EDT, 10/18/2023 (MT Newswires) -- Fobi AI Inc. (FOBI.V), which is harnessing AI and data intelligence to enable digital transformation, said Wednesday that it has signed an asset purchase agreement with Wallet Communication SL, a Spanish limited liability company, to buy certain business assets and intellectual property related to Wallet-Com, a digital wallet agency based in Spain.
The initial purchase price is 29,010 euros ($41,858.40), payable by the issuance of common shares of the company. As additional consideration and upon the achievement of certain revenue targets before the first anniversary of the closing date, the company will pay the vendor an additional 81,000 euros, payable in common shares of the company.
Wallet-Com provides communications and marketing technology to more than 200 global customers, including Lacoste, Hyundai, and McDonald's.
The company's shares rose 5.7% in Canada yesterday.
Got it. Replied by mail
I'll send you my number if you confirm - that you got my email...
Coo. Check that inbox. Let me know if ya got...
zra, arriving by car from few days in ca. Drop a mail to google.com we can exchange more info . Mail same as my handle here.
When do you land and what part of town are you staying in? Iam excited to to me you in person. Know this.....
I think I get it. Kinda inspite of ourselves.
FOBI$
https://ceo.ca/fobi
You can't. It finds you
Nice Wow, btw.. where can I find one of those iHearts?
Zra, pencil in Friday 11/17. Lunch.
I remember - Los Reyes de la Torta. Unfortunately, gringos got word and that spot is now contaminated. I got others tho. Looking forward to seeing you.
Sitting tight at least thru year end. Cash flow positive would be welcome by then! I feel it in my iHeart
Hmpf, it was the shorts after all (.. always thought that narrative was a bit rich ;) - recent 12 min explanation podcast: https://www.buzzsprout.com/1556798/13681174
The other narrative of "big things coming" is still in play - also on that interview.
Bought a few more just before the shorts started covering yesterday lol!..
Ezzra has gone to ground. If anyone knows how to reach him, please bring him out of foxhole.
ZRA, remember that Mexican joint you mentioned few years ago? I'll be in town a day or 2 mid Nov. Lunch on me.
janey, only good decision this year: dumping mine.
going to zero? should i unload my last couple scheckles?
First big jump now (.045) as they start the most expansive period of their 18 years. Tremendous content to be released as they are independents and the writers and producers strike is on going for others. Demand for content will be very strong this fall and winter. bseg
Float about 51 M. Revenues expected to increase makes it an under the radar opportunity. They have created multiple new revenue streams including new TV shows with future returns. Also producing now for Amazon and Hallmark. What makes it attractive to me is the future and not the market cap. Just my three cents(presently).
This BSEG
Market cap.Micro Cap ($3.50M)(?)
Shares outstanding105,943,397
Here is the background for bseg: Great team in place with over 15 years of experience in the industry as independent film makers, writers, and producers not affected by the current strike. Low priced stock with little debt, no conversions and now producing streaming shows for NFLX, Roku, Dis and Appl. Was formerly held back by lack of funding which is now being cured by Reg D funding. Quality producers and writers including Fulbright Scholar. Unknown to most stock investors which has led to low volume. Company now making in roads with emerging market shows on tap. Suggest you look at Ihub or Stocktwits message boards for recent info and announcements. Sleeper about to be discovered soon and with an honest CEO. JMHO.
what is bseg up to?
Thanks. I enjoy you all on the pays board. My tip of the rest of the year: do some research on bseg and see what is coming.
Jpike imo your timing and pps are epic. GL and welcome back!
Opened new position now after a long absence.
Some explanation found here:
didn't anyone see or care to post it?
Fobi AI Plans Non-Brokered Private Placement
7:46 AM ET 8/23/23 | MT Newswires
Fobi AI Plans Non-Brokered Private Placement
07:46 AM EDT, 08/23/2023 (MT Newswires) -- Fobi AI Inc. (FOBI.V), a player in harnessing AI and data intelligence to enable digital transformation, said overnight Tuesday that it plans to raise gross proceeds of $3 million via a non-brokered private placement financing.
The company's shares fell 4.3% in Canada yesterday.
The offering comprises nearly 13.6 million units at $0.22 apiece. Each unit will consist of one common share and one-half of one common share purchase warrant.
The company plans to use the net proceeds for product expansion and integration, market expansion and general working capital, and corporate expenses.
Those tickers that survive will thrive imo
Yep, it's a - run but can't hide type market atmosphere. Give me a (penny) ticker symbol that's not hemorrhaging. Sucks..
I traded this briefly in 2021 and also march of 2022. Now I look at the price today in amazement. The success they wanted has been hard to come by. I may make another short term purchase if it goes to .145 only because of how cheap it has become.....which is not a good strategy.
Not sure what is going on over there.. certainly wasn't directed at another poster and today
Cowboy for a picture of someone eating popcorn, also not directed/harmless..
What are the options?: Power Play, Prude, Personal dislikes, Bagholder lol - Bonehead move nonetheless.
Anyhow, I thought it fantastic your new friend found FOBI$
Keep recruiting my friend ;)..
I agree. I got banned for chatting on a non trading day. Pusscakes..
Prudes over at ceo.
Good volume up North. Up 10% on 350k. Back that guidance with some ink Rob and set the new trend.
the momo traders are going nuts here
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Fobi Podcast - Episode 55: iHeart Media Partnership with Mike Caruso https://gofobi.ai/ep55
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