Forian Inc. (FORA)

[NobleRoman]

10K is out.

https://www.otcmarkets.com/filing/html?id=14842756&guid=5FdpUWx4mSFVOyh

Hello Hidden. I just don't have any opinions here. I think I have 100 share. It keeps it on my radar. It's soo many moving parts. I just don't know. There are now 3 main lawsuits against Helix, and then a number of HLIX shareholders lumped into another lawsuit category. Probably resulting from those investigations.

This way of paying for services is annoying to me. I wouldn't say ugly. It's not that much. Just stuff like that annoys me.

Recent Sales of Unregistered Securities

On March 3, 2021, Forian issued to Wakefield Margo Group a warrant to purchase 17,031 shares of common stock at a price per share of $0.01, in consideration of services provided.

Seems that Forion actually had about $500,000 in sales for its first year in business last year. Subscription fees for something. And 83% of that revenue comes from just one customer. Which may not be a stable anchor, being so reliant on a VIP. I guess they do bring a little something to the table besides just capital. And they spent a lot on R&D and infrastructure for their plans with HELIX. They have software under development. I'm just skimming, but they posted a huge loss for all that build-out. At least they have some kind of plan that's over my head.

They have 22.2 million OS. They have about $12M in cash equivalents at end of December. HELIX doesn't officially come in till March 2, so I can't see what how it all comes together. And the 10K does state they expect very high integration costs.

I just don't know. It's over my head. But I do think it will be very interesting. I think my strategy will just be to do what I said in my first post in this forum. Just add 100 shares here and to 100 shares to KERN, here and there. Over time. Small little positions, avg. cost averaging, until everything comes out of the woodwork. It might take a long time for the fog to clear. I can't see anything. It's going to be an adventure though...

I feel safe and secure in my strategy.

[Hidden]

Likely good news on the horizon!

Perhaps I am being too optimistic, but looking at the cannabis trends how companies have been growing and the big news on Dutchie's funding and acquisitions, I think Forian is about to look a lot more appealing. These are thought children, so if you have any ideas that add to or counter these, please share!

1. Dutchie is not yet publicly traded, so folks are going to start getting in on similar cannabis tech action.

2. NY just (finally) announced recreational cannabis legalization which requires a large expanse in the industry. This is a state where it seems BioTrack not only has the government contract but over 90% of the current market on commercial platforms. That number might be wrong, but I saw a pretty recent article that said as much.

3. NM, also just announced full legalization. BioTrack already has their government contract too. I don't know their current hold on the commercial system market, but there was an article from MJ Biz Daily that said it was close to 70% in 2019.

So I think they will get a big boost in revenue from commercial system expansions and government contract money. Right now their contracts are for medical systems, with the timelines those will have to get expanded in scope. I can't imagine all that added work won't lead to a big bump in contract fees.

Maybe I'm spitballing, but I was laying in bed this morning thinking about it and thought I'd post.

[Longer Than Most]

FORA lotto 13

[NobleRoman]

Hidden, it seems like you came out of it real good in my eyes. It's a lot a better conversion, even at this price, than I imagined. Your entry point is still way down there. You came out better than me since I sold at .35 or wherever it was. I came out good, but you came out better. It was better to do nothing. That seems to be the verdict *so far*.

[Whatsup23]

Same management they are still looking to line there own pockets

[Hidden]

Yeah, I suppose I should have known better. Not great, but it's still better than the sub 10 cent levels it had been teetering on. So that'd be what, $2 on FORA. Hmm. I'm still hopeful it makes it up. I have been hearing a lot of issues around the trades still, it's like they rushed it and messed a bunch of stuff up. I think with a little more momentum it'll bounce back up to $20. I'm going to finally unload most of mine closer to $22. I am not as open to risk as some, but this was all done with my "play" money so hopefully the play comes with some fun.

[Whatsup23]

Doggy Doggy dog

[NobleRoman]

Going to be fun!

I bought 100 shares at $15.50ish.

I'll buy 100 more at $7 IFFFFFFF it goes there. I bought 100 shares of KERN yesterday too, their direct competitor.

Already down $300 or so. Oh well, such is life. Since I have no clue how to value this yet, I'm just going to do some dollar-cost value purchasing. Slowly over months, iff my price is $15.50 or lower. Dollar-cost averagign is the best way to go here if you don't know, I think.

The downside, of course, is you get left behind if it behaves like Gamestop or Tesla.

[Whatsup23]

They are only doing 15. No one is going to buy up here

[GloblDefensInitiativ]

I was definitely expecting some sort of press release already

[Whatsup23]

Short short short

[futrcash]

Negligent of the company not to update the investment

community with respect to their business model and

aspirations!

futr

[Whatsup23]

Great short give it a few days to come down

[crudeoil24]

Multiple circuit breakers

[crudeoil24]

Impressive opening > $$$$$

[Hidden]

I agree completely. I was kind of shocked at how few press releases went out considering what seemed to be the norm in the space. I feel it could have helped a lot on bringing better attention to it. I think it's going to do well now. This will likely remove the stigma of it being another "cannabis" company a bit.

Cheers to the moon!

[GloblDefensInitiativ]

I’m expecting good things from this company. Im hoping they advertise and post more than helix did

[Tadcoll]

Let go Fora!

[Tadcoll]

Let’s go Fora! Let’s get some DD here

[Hidden]

Welcome to the Forian Inc. FORA Message Board. For those of you who have been on this wild ride for some time, take a rest, say hello. Today is the first day trading of the new company. We are expecting big things now that former Helix TCS assets are owned by a real data company. It was very murky for some time, and I for one am quite glad to see where we've come. I look forward to a strong and entertaining discourse. Cheers!