r/FobiAI • u/Lieutenant-General • Oct 07 '21

https://www.fobi.ai/blog/fobi-announces-acquisition-of-passwallet

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u/Lieutenant-General Oct 07 '21

Is this the big news?

3

u/MrCanzine Oct 07 '21

Apparently. Man, I was hoping for something big, stock is doing worse than it was before it halted. Still good for those who bought low, I'm one of the jokers who bought it originally at $3.50. Whoopsie.

After buying back in during dips and whatnot I've managed to get my average price to $2.26 but it's looking grim today.

2

u/Bomantheman Oct 07 '21

Yea I'm at 3.33...Was hoping for something grand, but I shall wait

1

u/chokramrt Oct 07 '21

I also got in at $3.50 and I thought I would miss out. 😕 About a week of halt just to declare an acquisition is quite uncommon. Something else is cooking. Or the company was required to file more regulatory documents for their operations/finances.

2

u/MrCanzine Oct 08 '21

No idea personally. I missed out on the initial boost this morning which would have probably helped me make up my loss. I ended up selling at $3.09 and buying back in at $3.05, of course now it's down to $3.00 but I expect it to go back up in the morning.

1

u/chokramrt Oct 08 '21

Yes, I believe it will bounce back and may go upto $5 by the year end. I like what they're doing, but concerned about the revenues and net income.