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No, Sorkin, they can't. You need to submit your questions to me, and I'll decide, what, if any, questions need to be asked. Phun shouldn't and doesn't need to reward bad behavior.
Do not reward bad behavior with an answer to Sorkin, Phun. He is out of control and said too many libelous things. You can't get blood out of a turnip, but you can abstain from rewarding bad behavior.
The former President of the Houstonian made a big impression on me many moons ago, Phun. He told me personally to never take #$#@ from anyone. Not from a guest, not even he himself iff he ever got out line. I said okay, and he grabbed my hand and said it again as if he didn't believe me.
PHUN doesn't need to come here. You show respect.
Thanks phun. Amendments are common and that’s good knowledge to know
On the back and forth. I especially like you clearing up alleged sales in form 4s
When part of funds. That’s something learned today. Always something to learn
I wish more companies took your approach to set the record straight.
I take it from your silence in my conclusions in general is that my theory is
Valid. That would be par for the course btw. And that Cordelos link is corroborated by the facts. That’s my gift
Phun. Big picture thinking. That’s why I’m good at the market. I was born for this.
I bet you reached the same conclusion yourself as you are now saying there were
Those that excercised. That means phun got cheated out of its money and we
Got diluted for nothing. Do I understand that correctly ?
Dilution did nothing is not good. That brings your fully diluted share count down though.
I imagine you concur with me that there is no evidence of naked shorts yet?
Is that correct ?
If so I’m angry with you phun. I could have made more and I don’t like to
See you get cheated just because people could legally do so. If I knew about it
I would have done it too. But I would have given you a chance to do something
And I everyone else by stated it here. In the open as I always do
I know it doesnt matter what I say to mr market. But you might have listened.
Thank you. I don’t like to take advantage of anyone but me market. Well I guess
That means everyone on some level. But if they delve down into the micro world
They can come negotiate with me for a mutually beneficial win win situation
No, your REG Sho List is not wrong; however, your interpretation of it doesn't fit all the facts. You are assuming it's telling you how many shares are short. That's not what the data is telling you. That's an assumption and often what it means.
It's literal interpretation means "fail to deliver" problems. Those could happen by accident or several reason. But it got flagged by it's a huge problem here, and huge problems are often a signal for shorts. In particular, "naked shorts"-- hence, "failure to deliver". It doesn't mean "shorts," Shorts are inferred. It literally means, "failure to deliver."
In this case, you assume naked shorting. But, this cashless exchange could deliver the same reading. And this cashless exchange fits the facts, including the reading of your instrument panel there. Like a novice pilot in a 747 in a nosedive trying to pull out of it, you are focused on one instrument, assuming it's telling you something it's not, and not looking at all the data in its totality.
Once Again, Candeloro is right:
Candeloro posted this link. This is logical and fits all the facts. It's okay to be emotional, but don't let that cloud your judgement.
https://www.stockwarrantshq.com/phunware-using-warrants-to-make-487-while-the-common-stock-declines-94/
That's the link he supplied. Which comes from the same source PHUN had supplied before as an authority before. I had heard about the "cashless exchange" before but never understood it. Even when reading it, 10 times over even, I couldn't understand what they were saying. That's why I like pictures and graphs. The teacher matters. A lot!
This fits the facts of PHUN's publicly tweeted investigation with Nasdaq. Investigation means just that -- investigation. They don't even know about this own technicality it seems. And who would? You would think the Greeks on the BOD would as it was their own vessel from the start, but who knows. This all goes back to Stellar, really. If I were to exercise on that, I would have called a firm that has helped me in securities fraud. Not for fraud, but for their security expertise and have them argue the legalities. I would need expert intervention. I wish I would have known, but it still was a race to be out. It's comes back to that arbitrage. The company just cna't support those prices yet on a fundamental basis.
So as I undestand it, PHUN got cheated out of its own money too from its own technicality. Self-inflicted gunshot to the head. Hence, *cashless* exchange for not meeting the deadline. Which makes me mad that they had to do an ammended S-1 . Get it right the first time! But then again, ammended S-1 are very common because it's so technical I guess. Like me, you need lawyers. Heck, my own firm is a firm of specialty issues. We are highly specializedn in one area. We know one thing very, very well.
Therfore, I imagine these extra shares from an exchange would confuse PHUN just as it would confuse anyone else. Hence, the luanchingof an investigation. Lack of communication. Remember, it's always the quiet ones. As I said. And there were a lot of quiet ones. All the facts fit. And we no longer have to resort to Shorts and a story that sounds like something a Yahooligan would make up.
While that link is hearsay, I know bs when I see it and that's not bs. And that author has always been a straight shooter. I heard of that term before. Now, for the first time ever, I actually understand.
RUSH LIMBAUGH is also to blame. Remember, libertarians gravitate to crypto stocks. Libertarians, conservatives on the fringe, vote GOP, the "lesser of evils" in their eyes, and Trump is to the right of the right. Rush Limbaught and other right-wing zealots started calling Trump weak for strikgin a bargain on the border wall BEFORE Democrats were elected into the HOUSE, so he backed out on his own deal so he could play mroe politics. Because he views weakness as negotiation, when, in fact, it's a strength. He is *not* the art of the deal. As Kim Jung can easily falsify.
So, the govt.. shutdown came from libertarians in a nutshell. So, they shot themselves in teh head. Which is poetic justice. Because of this technicality, This allowed smart money to exercise ahead of us. Knowledge is power, after all. In fact, I'm on the record as stating that something nefarious is happening but I don't know what. I asked, is someone exerciseing warrants that I'm not privy too? Well, yes, they were. I learned something here. I profited and learned something, which is MISSION ACCOMPLISHED. Not the 6 figures I wanted, but I'll take it. I expected a crash anyway, as noted on the record, but wouldn't rule out any outcome.
So, PHUN had a shorter runway to work with, missed the deadline and all their cash. Which in itself makes the balance sheet weaker than it would have been if they were exercised properly. And I barely missed death at a profit just for being cautious because I don't trust my scheming business partner, who was, in fact, scheming over there in the corner-- the quiet ones.
So, I like how the cards fell. #@$holes shot a bunch of @#$holes. Now, I would say this is a decent price. And I want $2. And there is going to be NO short squeeze, as Cordelo just explained to you with good evidence. Now we have price discovery, an angry PHUN, which is good as I want $2.00 with a bunch of angry, pissed off Rangers! On my team. But, I'll join below vested interests of those more knowledgable and poweful as me. Because that's how I role. You work for me; I don't work for you.
See what i have to work wirh every day, steady? See what I’m talking about? He’s tone deaf.
How can we be down when we are up? Everything I tell him. In one ear out the other. I come
To work to this every day. Lol. That’s my business right there And every day he is there with a new price and a Good attitude.
Notice too in Cardel's article that Mr. Market was scheming and plotting behind your backs, as I said he would do in an earlier post. I always scheming of how to be the first one out.
Some of you might not like what I have to say, but I always give full disclosure and the truth as I see it. Truth is often repugnant. But Mr. Market there, he didn't want you to know what he was scheming. He tells you AFTER the fact. In fact, he wanted you to buy high. I tell you the truth; Mr. Market, like a propaganda machine whose number 1 propagandistic tool is non disclosure, chose not to disclose. Silence is the #1 tool of propaganda. True story. Cherry picking comes second.
And he had to do some fighting. And that sounds true too because what broker would know that? Heck, my broker didn't even know what he was selling me until I tried to exercise. Then they were confused. So if I had to explain that right to him, forget it!
It's just better to knock this guy's teeth out. He is your nemesis. He is not your friend.
The End
That's a good explanation, Candel. Thank you for that. That sounds logical. Over my head, but logical. That's not as sinister as the company believes, so I don't feel like that investigation, while perhaps true, will yield fruit.
That means, no covering. No massive short squeeze. This was a great learning experience. And a lot of phun!
One fundamental truth we can all count on is that long term, stocks follow fundamentals. If the stock is worth $50, nothing would prevent the company from finding its way to $50. In fact, the warrants, which were a paradox, never would have been acting incongruently to the common.
That makes me feel better about price discovery here. Kim Jung-Un, not the culprit. You can manipulate many things, but one metric that can never be manipulated is p/s. Start from there and work backwards. Coming back to unconditional love, I want $2. That's not even fair. But who said I'm fair?
I want to wait till July 4th when Mr. Market gets patriotic, lazy, and takes a vacation. Unless he capitulates sooner. Let the warrants settle down as they are still prcing in volatility. And everybody get bored and walk away, as they have the attention span of gnats from my experiences. And then, I'll let you kow what I think a fair price would be for you, dear reader, to have. And you will take it and you're going to be happy.
I'll check back in July, and then in 2023.
Great company, Phun!!! Don't worry, Phun. They forget. Next year will be like a hundred years. Nobody will care or know anything. It will be like what you witness in the GOP's talking points. Precisely 8 years ago, Health care wasn't a right and government should not be involved. Today, they have Amnesia and the new talking point is, "Republicans will be the party of health care!" And the lemmings have no memory at all! In fact, come to think of it, they don't even remember that the Individual Mandate came from the conservative Heritage Foundation, going back to GOP talking points in the '90s. NO MEMORY AT ALL! Amnesia. Mr. Market is blind, deaf, dumb, and wakes up each year like on Groundhog day. No memory whatsoever!
They will just wake up with amnesia. I know this is your first public company, but it's true. Every year, a rebirth. Like when we are all born with amnesia, same thing here. But instead of a generation, only one year needs to pass. True story. You'll see.
Good presentation, PHUN. Very interesting. I love charts and graphical representations. Much easier to understand that way. It puts things into perspective.
I love your company, but I don't like my business partner. He is a greedy, two-faced, backs-stabbing, bi-polar, narcissistic, compulsive-lying psychopath! And if I ever see him in a needy situation due to a pre-existing condition, he will not get help from me. I'm just going to ask him, whose life were you saving when you were young and healthy and didin't feel health was a God-given right, as they do in France, as you, yourself, claim to believe in spiritual things? And why did you feel it wasn't your individual mandate to be part of the group, as your brothers in Sweden understood? And now you sit in front of me wanting a free lunch, which was your entire case for denying others, and want my mercy and help? NO. He won't get it from me, PHUN. Talk to your alter-ego, the Mr Market. for your help, I'll tell him.
Live by laissez faire markets; die by laissez faire markets.
You are providing the correct answers. You are telling me what you can do for me. He is askine me, what can I do for him? Wrong question.
But he will learn a lesson here. I want to go big a greater places with you. But first, I need to knock this guy's teeth out and rob him of all his wealth and possessions, which were all but an illusion. He needs to be made an example of.
Helix university.
With all these companies across borders we should have eugin software
Make an online helix university. I found out today that my company has
A “university”. I’m required to take courses and I actually prefer online training
In my time. I stayed after work to compete the first course.
That would have been nice to know 6 months ago. There aee all
Sorts of tricks and tools to make me more efficient. And as I learn
I earn merits and pay raises. And I like that motivation. And there is
A coffee talk wirh the ceo. Very good culture. Culture is everything.
Our software and phones and everything is designed to be one unit.
Across borders and communication. We are the borg. Resistance is
Futile.
I think we need such a program at helix. Unifiers.
I would prefer that Sorkin and his libelous allegations were the thesis here. The market is angry, but not angry enough.
What can I do to help spread false rumor and gossip? I'm incapable of telling a lie, but if I could somehow turn into the tax collector, as I did with Z, if that would anger the mob, I could do that. I need people so furious that they are willing to capitulate and throw a fit and get depressed and just want to attack. Attack! Attack the rangers while they are on the low ground! Because as soon as they get the high ground, it's all over! This is your one chance! Don't blow it! LOL
There is a danger to positive thinking. Positive thinking is what brought us here together to begin with. :) No, we need a mob mentality. And I'm feeling it, but it's not enough. Remember, little acorns seldom make it to be tiny oaks. It takes a lot of luck and good soil. We should poison the soil!
I need warrants to start acting according in relation to price, and I need the common at $2.00. That's a safety net, that's unconditional love. Don't settle for less! This is a betrayal of the highest order. The SEC was stripped of its powers, much like the Affordable Care Act. Lots of obstruction, which is why government is dysfunctional. Much to the liking of the libertarians, which are part of the crypto universe. That's where they gravitate.
So, think of them as the enemy within. Take their money, make them pay taxes. They feel pain, but we need to inflict more pain and suffering. They need to learn a valuable lesson here. And capitulate to me at $2.
Conference Call
Did anyone attend the conference call? I don't even see a time. I'm still at work and I'm not even supposed to be at work this late.
I hope this isn't like NROM's conference call that has no archives available. I had to piece together hearsay testimony for that one. Is this the same situation? Was there a Q&A? Any details from any participants?
I can't buy warrants.
I was able to sell them yesterday, but I just tried to put an order for .20. I have to call for that too. I don't have time to make calls. I just had somebody waste 10 minutes of my day on the phone! 10 minutes I'll never get back.
Well, if I have to pick up the phone, I'm lowering my price to $3.50. Warrants are down but still saying happy things. I need depression there.
We are angry but not angry enough.
Phun, this reminds me of that mideivalfantasy game I got lost in that I was talking about before. My Clan was called Z. You can see reference to it I a Van Halen video. I was collecting taxes from the heathens. Everyone had to pay taxes to Z. Protection money! The story didn't end good for me, but I need taxes here too. I learned a valuable lesson. Don't be in a group. Be a solo artist!
Everyone must suffer. And everyone must be deposited into my bank account. That's how I roll!
Salivating!
I'm sooo busy at work that I'm too busy to call. Barriers to entry exist. I can't buy through Etrade. Broker pops up with same warning as before, saying I must call. I'M TOO BUSY TO CALL. I want to see $2. I'll make the call no matter what at that price. I'm sooo busy I shouldn't even be on I-hub!
Warrants falling. I'm glad I sold. Fear needs to sset in deep. Fear and angry. Let Sorkin libel himself to death. Phun is under attack, and even Rangers must retreat when on the low ground.
This is good! I'm going to get greedy! This is karma, this is justice. And this is a great company. And I'm not going to pay a fair price.
See what I'm talking about? Like private equity! As I said, Scot Ogur reminds me of our queen over here, Queen of the borg. Just buy, buy and buy. That's his background. My Queen is so busy buying other people that she forgot to pay my bills.
Apparently we are in the process of buying somebody else. Again. And I'm not even trained yet. I've just been learning on the fly! I was just a lone office. But my friends that are merging with me, are one office in Houston, yet an Internation firm. They were long ago eaten by a bigger fish. Spit out with plans to go public that didn't pan out, then acquired again. And now they are going to joing me. I don't uinderstand Scott's background. But as long as he knows what's doing...
I'm just minding my own business over here. But yesterday, we lost internet connection and emails and software down. All because somebody didn't pay a bill. True story! I don't mamke this stuff up. They are so busying acquiring firms, that they forgot to pay my electric bill. Well, I was already underwater. Thanks for nothing! My whole contact to the outside world yesterday afternoon was by text to my mother ship in Dallas from my personal Iphone. With 40% battery life left. Yes, don't forget to pay their bills, Scott Ogur! :)
Okay, so let me know how the conference call turns out.
Amazing story here.
There is no collusion!
Wow. I just had a knee-jerk reaction when I said that. A really bad taste in my mouth. I'm not sure why. It's like Pavlog's dog at work when I say "no collusion." There it goes again! I just wanted to vomit when I said that.
But, no, I don't believe there is collusion. We still have Rangers in a Trojan Horse here. The rangers just don't have high ground here. And shorts obviously don't like horses as gifts. So, I'm going to buy this horse as at a discount. I love our Rangers! They have been at war all their life. This is what they do.
Thanks, Whitten. I don't know. I think the answer is the same. What is PHUN worth? I don't know. And if I did, Mr. Market would probably disagree.
But now it looks like the truth is going to sound like the quintessential Yahooligan. Blame it on the shorts and the retail investors getting screwed. Definitely a boy-cried-wolf ring to that, but it's true in this case. These sound like sophisticated shorts. This is something Kim Jong-Un would do. A North Korean style sophistication to it. The one that proves that the loudest one in the room really is the weakest one in the room. Ie, Trump, the blowhard/trumpet in the room, as Kim Jong-Un trolls him out and bends him to his will.
That means these are smart shorts. Before, the threat was always shorts - period. Because warrants exercised would be the same as sellign high, buying low. It work like "death spiral" depentures you see on scam penny stocks --toxic financing. It follow the same physics so to speak. Only, this one was legit and a victim of deregulation. Which, was karma for many.
Soo, what is the value? That's the only thing matters in the end. Truth (value) always come out in the shake long term. Short term, the market is a voting machine. Long term, it's a weighing machine. I have no idea hot it will work out, but I think teens are expensive yet growth is often expensive. Amazon was never cheap. This is probably a decent price. $2 is unconditional love. So, I'm just going to buy a 100 today under $6 if that offer is still valid, follow my own advice, and average down on the common from there. Hope to buy 1000 at 2. And I'll keep an eye on warrants. And if they drop to .4, I'll start doing the same and average down some from there. OR, it will open up at 10 and I'll miss the boat and will have been hoodwinked out of my warrants by shorts. OR, I'll get my 100 shares and will not have an opportunity to buy more lower and just get instant gratification. All outcomes are possible.
Warrants, while they have price discovery, were also insisting earlier this year that the stock was worth $5. They've been all over the map too. But in a tighter range. And a $5 stock today would be worth .01 warrant price probably. So, volatility plays a role in how that's price and things could settle down. I would think volatility is in the cards short term at least.
Nobody is going to exercise at $11.50 now, ,and maybe that is what the shorts wanted yesterday? They do seem intelligent. Maybe they want a monopoloy on buying now (covering) whereas they just had a monopolistic feast on selling. Wow, that sounds like a Yahooligan's sales pitch. But if Mr. K said so, then it's a North Korean profile -- sophistication and fire power. So, don't try to outsmart them. Just buy value. And let them present opportunity. This is a case of value goes up as price goes down. And this is starting to look like value.
I do like the mgmt. of PHUN and the idea. 30M in sales with 30M shares -- Well, I think shorts would be in a bad situation if it was 300M sales, but we aren't there yet. So, let the cards fall where they fall.
The warrants stayed consistent. I sold my last 1000 warrant today at $1.00, stating on the record that I don't understand their price. Based on today's common price, they should be 1 cent you'd think.
With this new information, one possible interpretation is that the warrants continue to speak the truth as they did from day one. At least, a closer version of the truth. Or, true price discovery since day 1. They have been quite volatile too, but the last few business days they were trading like a normal warrant almost. But still at a discount, probably because they were not immediately exercisable.
They were saying today that they are priced at $10 or 9.50ish with this kind of volatility and time value. Probably. The common has been all over the place, never figuring out who he is. I think I'd listen to the warrants over Mr. Common. But both are volatile, so buyer beware. The Warrants always overruling Mr. Common and his psychological problems. That would make more sense to me. The volume on PHUN doesn't sound like true price discovery either, even with all this volume, if what Mr. K is saying is truth.
That being said, you need the Cannabis industry's growth valuations to support the teens in my eyes. So, that is what the Warrants are saying to me, but they aren't necessarily correct either. Just better price discovery to trust is all. In my opinion. One interpretation of many.
I like today's price of the common much better than today's price of the warrants. You can't go wrong by buying 100 shares of PHUN at today's price in my eyes and just averaging down or getting instant gratification.
144K is the number of shares that came to market to be freely trading, which is the reason it traded so high. There was little supply and a lot of demand. It was the impetus for the SEC to close a loophole, requiring a minimum of 1M shares to be freely tradeable to allow price discovery a better chance to work.
This came about because of deregulation. So, I only hope that those that were hurt were those that voted for deregulation. Because that would be karma and maybe they learned something. But because of the cognitive dissonance they would face in facing that truth, they would prefer to cut off their nose to spite their face.
PHUN, however, is not the culprit here in my eyes. If it's legal, you do it. If you voted against yourself and were a victim of circumstance, then you deserved it. You are a victim of your own making. And you money belongs in my bank account until you learn. So, learn some hard lessoons and vote appropriately next time. Balance. Mixed markets. Government has an important role in society, despite the vacuous claims of the fringe in the libertarian camp, which is where you'll usually find these types of crypto investors.
Thank you, Stallion.
I'm 100% out of PHUN, but that's a good sign in that tweet. That's very good that he is communicating and explaining what happened. Legally, he can't lie, and I believe him. If he is cooperating with Nasdaq to file a Finra case against funds that were shorting this stock, that's very bullish. That's an investigation in PHUN's favor. I've never literally shorted a stock other than buying puts as insurance. I'm not sure what he means when he says they are selling shares that they did not have. That's what I understand is a short sell -- selling shares you don't have. I don't understand.
Is he saying shares were given to a broker that were not registered, allowed to be sold with the promise to buy them back later? Counterfeit stock? I don't understand. Then how could it be sold? Is that why Finra is involved? Were they duped? I don't understand.
The only thing I understand is that it sounds like a conspiracy a Yahooligan would make up. But if it's coming from Mr. K, then it's true. And that is the time you want to listen to the boy that cried wolf. So, I hope this sounds like the boy who cried wolf tomorrow, because we heard that conspiracy a zillion times. This is good stuff! You can't make this stuff up!
But if the float truly is as small as he says, with that much volume, then, yes, that's bullish as I understand things. I would like to buy back in tomorrow if opportunity presents itself. But I want to buy some fear. And since nobody ever listens to anything I say, I am fearless in telling you the truth. :) I want warrants under .60, and I want a little common under $5.
He also says warrants started being exercised last Wed and the shares delivered tomorrow. So the float will be higher starting tomorrow. I have absolutely no idea how that will all play out. Valuation is still the what comes out of the shake, and the teens are expensive. And the shake won't be over until the end of this year, after everyone is unrestricted and able to participate in the market. It may or may be able to stay there. Shorts to come around for a reason. They are part of the market force, keeping things in check. This is a good value price I think. At $2, unconditional love.
I was able to sell warrants today, but I was not able to buy the common stock without a call to my broker. So I hope that is true of all brokers tomorrow, and I hope that is a heavy deterrent to buy. I want barriers to entry!
From $350 to $5 in one Month
That's PHUN in a nutshell. It crashed again to $5.50 today. How do you go from $350 to $5 in one month? That's now a $150 M cap. But I don't how to calculate $350 * 30M. That's over my head and too many zeros for my caculator. I need Mr. Market to explain that math to me. However, PHUN is now officially almost priced equally to HLIX with 5 times more sales on a fully diluted basis. There is a *rumor* circulating that there is a FINRA investigation, but that is just gossip so far. I don't know what, if any, truth is in that.
But I sold my last 1,000 warrants todasy to lock in profits of $11,000
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147993496
If you wanted to know what it was like to be Harrison Ford in Raiders of the lost Ark, as bridges crumble beneath your feet as you narrolow escape death, let me tell you: It's not as phun as he makes it look. When you have near-death experiences like that, it makes you want to re-examine everything. Including the Cannabis industry. Whew! That's why I'm playing it safe here with 3,000 shares.
I sold warrants today at $1 when they should be priced at 1 cent. I don't understand. At first, the common was saying, "My name is Zeus and I live on Mars" while his bipolar alter-ego, PHUNW warrants was saying, "I'm worthless and I'm a zero." Now the common is saying, "I'm going to zero and I'm nothing," while the warrants are saing, "I feel alive! I need more cowbell" You know, this reminds me of my former bipolar tenant. A lot. For real.
I just know that if it drops to $2 and investigations are announced, and lawsuits follow, I'm going to take that offer and then I'm going to come back to Mr. Market and re-negotiate my 7,000 shares he is holding hostage here.
HLIX has a halo. But if PHUN is officially cheaper with 5 times the sales and drops lower with horns and a pitchfork, me and Mr. Market are going to tango. And he is going to answer to the Arch Angel Michael.
Like I said. I don't know how he's going to pay for it, but he's going to pay for it! I'm tired of haggling with this son of 34@%!
I just hope he asks some interesting questions tomorrow in a Q&A. And I hope we get a transcript of the proceeding as some of us have to work around here! I want my HLIX Conference CAll transcript on my desk promptly at Friday morning. Please. Thank you!
Whew! It's nice and peaceful over here. I like how this "third grade accounting" turned out over here. After playing with fire, I'm just not feeling the fear over here. I feel lucky to be alive! I'm just happy to be alive still!
I’m not seeing that tweet hokie. Can you supply a direct
Link please
Can't Buy with Broker
I just put in a limit order good till canclled, 1000 shares at $2.00, but Etrade is rejecting it again. I need to call to buy. And that's on the common. Well, that's irritating. I guess I just have to pay attention, which is annoying. And call and that's a distraction. And then the stock has to stay there as I'm on hold, IFF it reaches 2. Ugh!!!
This stock is frustrating on several levels. Except for the nice profit. That was dangerous! I feel lucky. Like the bridge collapsed just as I stepped off of it. Whew! This feels like living in the movie Raiders of the Lost Ark!
Locking in $11,000 in profits.
Sell 1000 PHUNW Executed @ $1
That's crazy. I don't even understand the price of $1.00 on the warrants when this far below the exercise. Warrants should be .01. But then again, the price of the warrants have NEVER made sense in relation to the common, except for the last few business days. I should have taken $2.50 today. I don't know what's going on. I still see no EFFECT, but I must admit, I have never called my broker after locking in profits.
This has been great for me, but I want warrants at 20 cents. Or the common at $2.00. Whichever comes first, IFF any of the two offers come my way.
EXCLLENCE. Something nefarious for sure, but I think PHUN is a victim. Shorts? Someone exercising that I don't have equal access to? There were many warrants under $11.50 but those were not publicly traded.
I just don't know. But the true value will come out of the shake at the end of the year for sure. I would say $500 was ridiculous. I would have to say $1.00 would be equally ridiculous.
The gross margins accompanied with that growth is great too. That's not excellent margins, but it's very good. And it tells me they have pricing power. And that should improve as we expand our monopolistic overreach! Which I think Amercanex has a role to play and a stepping stone to bigger and greater things. I wouldn't want to be the seller of cannabis. I like this control of the pipelines. And the growth is the scale, which somewhere critical mass can be reached with those kinds of margins. It's also going to good bait for a potential suitor down the line that wants to pay a nice premium for those margins and use their pre-existing infrastructure. Such as the day when Prohibition II officially ends.
It's good stuff. You can tell Scott Ogur knows exactly what investors need to see. That's experience and experience is valuable. That experience in M&A, both theory and hands-on experience, is serving them well. Knocking the teeth out of their competitors, such as Blue Line and MassRoots. I never hurts to kick people when they are down. If they are breathing and on life support, finish the job, Zac. Put them out of their misery and ours! It's dang near impossible to put a good operator out of business, such as HLIX, but those don't seem like good to me. So, let's finish the job! Never underestimate the losers like they underestimated us!
OVERVIEW:
I really like the wording of this overview in the 10k. That's actually English and well-spoken.
Helix’s mission is to provide clients with the most powerful and cutting-edge integrated operating environments in the market, helping them to better manage and mitigate risk while they focus on their core business. We accomplish these goals through a unique combination of business, logistics, risk-management, and investment skills, delivered through a proprietary software suite and partnership platform.
Our team is composed of former military, law enforcement, and technology professionals with deep experience in security and law enforcement, intelligence, technology design and development, partner relations, data aggregation, venture capital, private equity, risk-management, banking, and finance.
Technology is a cornerstone of Helix’s service offering. Our technology platform allows clients to manage inventory and supply costs through Cannabase, as well as bespoke monitoring and transport solutions. We focus on utilizing technology as an operations multiplier, bringing in and managing unique partnerships across the tech spectrum to tailor and guarantee desired outcomes for our clients.
Within the cannabis industry, no other activity carries as much potential for unforeseen negative impact as a lapse in compliance operations. Helix brings a broad range of compliance services to firms in the cannabis industry, safeguarding their ability to operate while increasing their access to services that offer them a competitive edge.
We have greatly enhanced our core operations with the acquisitions of Security Grade, BioTrackTHC and Engeni. Security Grade is a market leader in the security profession and provides a broad range of services, from security consulting to installation of surveillance technology. Consistent with our team of professionals, Security Grade employs specialists with extensive experience and exposure to all areas of security related services.
BioTrackTHC specializes in providing cannabis software services, ranging from monitoring of plant inventory to point-of-sale solutions. BioTrackTHC’s software is used by 9 government entities and more than 2,000 commercial clients across 34 U.S. states and 6 countries.
Engeni provides a turnkey and comprehensive digital presence solution for small businesses. The Engeni Growth solution includes an optimized web page, a fully-paid Google pay-per-click campaign, lead capture & lead delivery and ubiquitous directory/map listings. Engeni has also become the Company’s offshore software development platform, and is currently working on the second generation of the BioTrackTHC software.
These strategic acquisitions will help field the growing demand in the Legal Cannabis Industry
I don't think that 4M in debt, even though it's not long-term debt, is that big a deal at this price. We could pay for that with 4M in stock easily, with plenty of cash left over. I'm not saying that's how it will happen, but every time we do something we have a lot to show for it. Even if the stock were $1.00, it could handle it well. With Scott Ogur's acument, It could be something along the lines of convertibles with out-of-the-money warrants attached, which would be a good thing. And over my pay grade. And we are kinda expensive right now I think, but the entire industry is expensive. And with this growth, I wouldn't want to argue with the market. This is a good place to be.
And I don't know what kind of cash we are going to get out of Amercanex, and how things will look after that, but I love that acquisition too. And the Wallstreet experience there as well.
Cash Flows is more important here too. What I see is $3.5 going out from operations (Because I'm putting accounts receivable back in because that's how I roll) and 3.5 coming in from stock. Heck, just bring in an extra 4M from stock. We are doing good here. And then you an extra $300K coming from the balance sheet of some acqusitions (backing out some investments). So, I see only a $3M loss for all practical purposes. The rest is just background noise.
The stock price could go to 50 cents or $10.00, and none of these facts would change. And then you have Vincente Fox. And Mexico.
Well, I couldn't do this. But I love this team! I like it. I don't know where the stock is going to go short term, but I don't care where it goes short term. The lower the price, the greater the value. The higher the price, the less the value. So, if you are like me, you want prices to go DOWN. But most likely, you are not like me. In which case, you want prices to go UP. However, an higher price would give the company a lot of fire power, and this is a good company. We are expensive for a reason. It's always the quiet ones. This is the team that doesn't talk. They just do. That's how you know they aren't full of @#$#@. It's always the quiet ones!
And all the above is purely quantitative. The qualitative variables are intangibles. Like the chemistry of Scott, Zac, and Vincente, for instance. And Patrick, and so on and on. That would be our Goodwill, always being marked down. Which is fine by me. Those are subjective values for each individual to determine on his own. Just go with the heart. Heart and mind need to work together. And if somebody told you not to get emotional, ask them for the peer review on that claim. And then give it to me to peruse because I've been asking for that for decades and still haven't had anyone produce anything yet.
Scott Ogur is officially over my head now. Well, actually, he's been over my head for the last 2 years. But in Ogur I trust!
We have a snowball building here, which reminds me of this interesting article today:
http://www.msn.com/en-us/lifestyle/lifestyle-buzz/what-its-like-to-grow-up-with-more-money-than-youll-ever-spend/ar-BBVmmtE?ocid=ientp
Well, and the number has changed over the years. I’ll tell you this: I could be a billionaire if I wanted to be a billionaire, and I’m not because I don’t want to be a billionaire. That’s an insane amount of money. But it’s the easiest thing in the world to make money if you start with money. And then people give themselves credit for being that smart when they’re not.
That's a multi-millionaire born with a silver spoon in her mouth. So much truth in that statement!
I know that the older I get, the less I work and the more I make. And partly it's technology. I was born for this technology. I remember doing my taxes in the late '80s by myself on Turbo Tax. Just to save money and irritate myself. And it was so much easier than whatever my CPA just did this week. Whatever he did was over my head, much like Ogur. But the thing is, I did LESS WORK.
He said I would have paid $7,000 more last year, were it not for Trump. Well, I guess he expects Mexico to pay for our national deficit too. Sorry, Mr. Fox. But, please tell our President to where he can stick that too. Like Buffett, I didn't agree to this. But like Buffett, I'm not going to pay a penny more than what I don't have to pay. And it's going to be auto-deducted on April 12th. I'll make them wait.
It's not much talent to buy things like Macy's, which I'm still intending to do, for a nice 7% yield. And that scam stock that made me several hundred percent return, which was basically stealing from the poor. I didn't create any jobs, and that was more money I made that I used to make in one year working my butt off while in a rut, unable to get out of the rat race. It was hard to get out of the rat race. But once ou build that snowball, it's smooth sailing.
HLIX is still building a snowball. It's getting bigger. It's interesting. I would hope things got easier for Zac and Ogur over the years. I would think they work less, like me, with better technology at their disposal. With age comes wisdom! You reap what you sow! And a few lucky breaks. But mostly, we make our own luck.
Play with loaded dice! But that doesn't mean you can't roll a bad hand, even with loaded dice. So, diversify and play it smart!
Like here, last week. I changed my mind and locked in $10,000 profits on PHUN Warrants, one month.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147882703
That's zero work. 1000 free options left. No effort at all. And it was fun. I used to have to work my ass off for 6 months to make that and be in debt because you can't even afford anything unexpected. And I remember that former shadow of myself. Back then, I used to vote against myself. Like many idiots that are in those same shoes now.
Oh well. No sympathies from me. Maybe they just have to learn the hard way, Mr. Fox, like I did. The less you work, the more you make in this country. And the lower you pay in taxes on a percentage basis. I know I for one used to pay more taxes on a percentage basis on Turbo Tax.
Whew!!!! If I did it all over again, I'd invest in SBUX and just work as a barrista and take it easy. And ride my bike to work.
Zac had an interview 3 days ago:
https://www.cannabisbusinesstimes.com/article/envision-mergers-acquisitions-goals-cannabis-business/
There are two simple ways of thinking about M&A transactions from the sell side: furnishing an exit ramp to cash out of the business and move on or building a foundation for longer-term corporate growth. Both are valid, and both can be built into acquisition terms—but the underlying vision must be understood before sitting down at the negotiating table.
Zachary Venegas, CEO of HelixTCS, says these different trajectories can create a sort of tension. That tension, in turn, can lead to a heightened sense of urgency when raising capital: Is it easier to take a deal with a larger company to get to either of those two broad goals? Is an acquisition a step forward to some more important vision?
Raising capital is no simple task in an industry that remains federally illegal in the U.S., but for companies of all sizes with any intention of growth, it’s a fundamental tenet of business. How a company pursues capital is a complex matter.
RELATED: Beyond an IPO: How Cannabis Businesses Can Access Capital
“Some businesses spend all of their time just raising that next bit of capital, and they start to lose the competitive advantage because they spent all their time on the money,” Venegas says.
He points out that a lot of the major M&A transactions in 2018 and 2019 thus far have involved direct cultivation facilities; ancillary businesses have not yet found a sense of momentum among buyers (with plenty of exceptions to the rule). “On the technology or ancillary service side, there’s not massive money being raised yet. But it's starting to happen,” Venegas says.
The M&A field in cannabis is showing signs of important trends that businesses of all stripes should note: international acquisitions, IPOs on U.S. markets, reverse takeover bids, license transfers across state lines.
But the basic fundamental remains a truth: Companies need that access to capital, whether plant-touching or not.
“You may say, ‘Okay, I'll be acquired,’ Venegas says. “‘It will be a bigger piece of the pie. If I can just have easy access to capital because my acquirer already has that and is willing to commit that in terms, … the certainty around the capital frees me to do what I know I can do or what my team to do.’ So, that's the rationale.”
But that’s just the beginning.
“Okay,” he says, “now you have access to capital. Make a decision about what you want to do: is this an off-ramp? It really comes down to what you really believe about your acquirers, in terms of: Are you really going to have an environment that makes you want to stay after you’re acquired?”
This is where the lengthy due diligence process comes into play, when companies on both sides of the transactions can feel out the other’s financial past, present and tentative future. Transparency is key, and that includes transparency—and honesty—with yourself about your own goals.
Of course, making sure the other party is clear about their intent is an important tenet of this due diligence—and a way of checking yourself along the way.
“If they won’t share that with you, or if they can't take you through the details in their growth plan, … that's a red flag,” says Dena Jalbert, CEO of Align Business Advisory Services. “Any red flag doesn't mean you should absolutely walk away, but these are the things in this space that we tend to ask for, from a seller diligence perspective.”
Without solid footing in the due diligence phase, buyers and sellers can easily fall into a fantasy: that what you and your company envision is automatically going to be accepted and adopted by the other party.
To get around that fantasy, due diligence must translate into a proper integration plan. “If you've got an aggressive, forward-thinking, dynamic small business team, and then they are going to fold into a conservatively structured, bureaucratic, larger organization, that’s not going work,” Jalbert says. “They’re going to clash quickly. And then the buying company is at risk of losing those people.”
And the seller is at risk of losing out on whatever original vision was guiding the transaction.
Very interesting. I appreciate the intel.
I saw something in the release about 14 franchised units
Signed up between Jan and March of this year. Was there
Any elaboration on that ?
Yes I saw that article. He also an author at seeking alpha.
Nice man. Very knowledgeable. A former restaurant
Operator himself. There are two former restaurant operators
At seeking alpha that have wrote articles there as well.
And yet A third one back further in the archives was former
Cfo of fuddduckers. His bullish sentiments came before
This craft pizza pub concept. I feel very good about
It. I feel like this is tremendous value that will eventually
Yield fruit one day. It’s a penny stock i feel I can just
Accumulate over time without fear of downside. The
Longer it takes to bake the more ownership stake I get
To claim.
No matter what the charts say. The team has decades of
Franchise experience. At this price all they have to be is
Legitimate to me. And they are legitimate.
That does sound like a cheap conference call. But at least
It keeps things off the radar. Sounds like my own company’s
In-house conference calls. Always several minutes waster
Telling people to put their phones on mute.
I understand now.
Your platform is being used in all these platforms. An infrastructure that I don't understand. But I understand these endorsements are high quality, which is a testament to your intergrity, Phun. Such as Starbucks and Build-A-Bear. Although, Build-A-Bear is built on the extortion model, still a great endorsement. LOL I don't know what they have that the dollar store can't offer, but the extortion comes from the kids. Pay up or they will make a scene. I get it! :)
Starbucks, yes, one of my addictions Good partnerships here. Starbucks must get $120 a month from me. Well, at least I'm addicted to the mildest drug on Earth. If you need an addiction, go with coffee.
The City of Houston... You have SPRINT, my network. Well, that's all I need to know. Truth begets truth. Birds of a feather flock together.
Thanks, PHUN. Truly Amazing.
I did have to use the unlock code. This is my day off where I get to actually read and not skim. At least until tonight befoer I work in my second industry.
What the heck is Middle Age Warfare??? That looks fun and interesting. You are a game developer too? I don't understand?
That's the kind of game I could get lost in. The last game I played was an RPG along those lines 10 years ago where you had to be in clans or die. Property could be confiscated from others, and there were lots of politics, and it went on for over a year. It got addicting. I was promoted and made my clan's "Minister of Propaganda." True story! I don't make this stuff up. All was good until they all conspired against me and killed me. My own clan and others. Now I trust nobody! Games prepare you for real life! Trust no one! I was really mad. They took everything I owned. You can get lost in fantasy. They left me penniless and dead. Well, I guess that was my escape to reality. I guess they did me a favor in the end. LOL
That was months of acquisitions, deception, thievery, spy networks, and in the end, I had nothing to show for it. That's what happens when you are loyal. Good lessons in life. Never be loyal.
That's a great link, OBrien. Thank you. I like to see the franchisee's presentation of things. I like this franchisee.
I have 50,000 shares of NROM. Seeking Alpha has some great articles on the company. I love the new Craft Pizza Pub concept.
There was a conference call, but I was at work when it was going on. I tried to call the number, but there is no instructions to an archive. Is this presentation going to be made to the public anywhere? I wanted to read the Q&A, if any.
You should bring it to an analyst to look at.
It's actually 27M shares fully diluted due to convertibles which would bring in over $5M if exercised, convertible at .50 for most and I say grab below that price before it's too late. Cheaper than debt holders could get it.
So total enterprise value is actually at around $22M. If you look at the statement of cash flows yesterday, which I think is the only way to look at that company as cash is king, they can crank out the cash if needed by just scaling back a little on new store openings. They just signed up a large multi-unit Dairy King franchisee. I think their new Craft Pizza Pub is a winner. Alcohol and atmosphere. More than just pizza, and they focus on local drafts.
It's ignored, but customers love it. Good reviews and you can't fake those. I think it's an easy double. And more. Not a matter of IFF only when in my eyes. You have so many restaurant penny stocks out there with one restaurant, pipe dreams, and ten times the price, and their aspirations are to be what NROM already is.
But after the analyst brings up the chart and decades of stagnation, ask him to fly with you to the new restaurant and question and see it for yourself. Or, got to Facebook. Whichever is easier... :) Experience matters in allt hose years of stagnation. I'm sure they learned something.
Thanks, Phun. I'll check it out later. I look forward to it.
I got cold feet today.
Sell 300 PHUNW Executed @ $1.7
03/29/19 | 10:43 AM ET
Sell 100 PHUNW Executed @ $1.7
03/29/19 | 10:43 AM ET
Sell 3600 PHUNW Executed @ $1.7
That leaves me 1,000 warrants, which isn't much money. That gives me an extra $6,800 in gross profit. Plus the $3,800 I already locked in, for a net of $10,600 and 1,000 *free* warrants remaining.
It's just acting funny, as if somebody has warrant information to exercise and we don't. Something unfair is happening and I don't know what it is. But I still want a foot in the door. And I want the stock or warrants on the cheap. I'll be back in at the right price if offered to me. But I'm still in, just not in as deep.
That was great profit!!!! I regret nto taking the $2.50 offer yesterday. And I may regret this, but I just want less skin in the game.
I feel like somebody cheating. Not you. Not PHUNware. You guys are legit. I feel like somebody has warrant information that I'm not privy too, and it doesn't feel fair. And they are taking advantage. I do want back in, and I don't want to pay a fair price. I want punch Mr. Market in the mouth and knock is teeth out. But I also want a little skin in the game.
1,000 gives me huge upside potential, and I really, truly don't care what happens to that. I made such a great return, and just parking my money for a little over a month. Thank you kindly!
PHUN Valuation
PHUNW Warrants are getting happy, hitting $2.00 right now as the price again is showing stability in the teens. PHUNW is currently saying, "I now believe PHUNWARE is worth $14.00 per share." We still have that bipolar situation with PHUN, but discovery is getting better.
So as Hokie asks -- every one awhile, we do get intelligent questions -- what is the value? I don't know. BUT, I have a comparison. I want to go to HLIX, a company I know well. I made $55,000 I nprofit there, came back later with 3,000 shares long.
It's the Cannibus industry. Very high growth industry, just as Blockchain *might* be high growth. It's certainly revolutionary. Again, we have Buffett dising Bitcoin, but silent on blockchain. JP Morgan wanting a coin, all over the map. And Tip Draper, the religious zealot for Bitcoin. The truth is somewhere in the middle. Probably somewhere around Jamie Dimon, showing the same bipolar characteristics of PHUNW and PHUN. ie, high growth.
But HLIX is the more disrespected otc wheras PHUN is on NAsdaq. They both emerged from "empty shells" so to speak. But PHUN is more politically ascceptable for fund managers given the exchange and the price.
And then we have 35M fully diluted PHUN vs. HLIX's 75M OS.
PHUN has 30M in annual sales and growing rapidly with great margins.
HLIX has 6M in annual sales, growing rapidly, great margins. -- both in high-growth industries. Both startups.
Both have great management. Long histories of integrity and rewarding shareholders. PHUN having the more transparent history.
PHUN Currently at $600M market cap.
HLIX currently at $225M market cap.
HLIX's value is in line with industry cannabis standards according to my understanding.
PHUN is closer to profitability. PHUN has a war chest of cash if all warrants are exercised. HLIX still needs to actively raise cash.
IFF HLIX had 5 times more sales to be closer to be equal to PHUN, then logic should dictate a 1B market cap? 5*225=1.1B
PHUN is half of that with 5 times the sales, closer to profitability. Now, one could make the case that HLIX is overvalued, and the entire cannabis industry may indeed be overvalued. But, that's for Mr. Market to decide, and he is very opinionated.
So, I don't think this price is unreasonable. In fact, I think if Mr. Markket wants to be consistent, he could easily support us at $30.00 per share. But I'm happy with $15.00 per share. And my warrants are very, very happy today.
Well, as usual, easy money. That's all I have to say about that till more facts emerge.
Ditto, EG.
And today, Mr. Market obliged me.
Buy 3500 NROM Executed @ $0.45
03/28/19 | 09:31 AM ET
Buy 1500 NROM Executed @ $0.45
03/28/19 | 09:30 AM ET
Buy 5000 NROM Executed @ $0.45
So now, I'm 50,000 shares on Pizza. 3,000 on HLIX. Why are cigarettes legal and Cannabis illegal again? No matter how many times that's explained to me, I don't get it. Carcinogens of tabacco when burnt are more dangerous,right? Or am I wrong? Much higher correlation to cancer as I understand it with cigarettes than cannabis? Heck,last I heard, it was more lucrative to transport cigarettes across state lines due to sin taxes with much lesser consequences. Even though you are transporting a much more dangerous product.
I give up. I just don't get it. I wish Vincent Fox could come in here and explain that to me. He seems to have a firm grasp of world events.
I just want people to smoke cannabis and get the munchies for Pizza. I don't ask for much! :)
You know, it would be nice if we had a HELIX TCS moniker come here from the company like PHUNWARE has a PHUNWARE moniker over there. A company spokesperson always setting the record straight. Times are changing! Because lord knows how these hubs can be an avenue for unchecked rumors and gossip.
So far, we seem to have a sophisticated, well behaved, more intelligent investor around. That's a nice change too. They always come in package deals!
Good question, Hokie. Is there an answer for that, PHUN? BTW, see what I mean, Hokie, by the source of the graffiti? That would be the profile of the quintessential Yahooligan. It already started. Here we go. The normal course of business now is that we continue to talk over his head whereas he talks past us. The fool never knows who he is.
Anyway, I'm over my head in the legalities here. And confused. Where exactly does that 35M figure come from? I do have a source myself at OTC, but there is no transfer agent listed. So, where does that # come from? Although, it doesn't say how many are restricted and how many aren't.
The S-1 has a different figure on a 30M fully diluted basis. And a lot of that would be restricted as PHUN already explained. And 1/3 of that would be warrants.
I'm sure there is a good answer, I just don't know what the answer is.
Or maybe the answer is here from the 10k. I don't know as I have to fly to work as I'm already running late. But if this is through March 19, and an Amendment to the S-1 is filed on 3-20, is that reflected in the amendment and part of the reason? I don't know. And do the numbers below even add up? I don't know. This is why I have a hard time being on time to work. Too much phun and not enough time. I gotta go.
I don't know. Don't overthink. The more important question, Hokie, is what company out there is most similar to PHUN with a good history? What is the market cap of that? Serious question, if you have some examples to present.
The Company has evaluated subsequent events through March 19, 2019.
On January 15, 2019, Phunware and the holders of the Transfer Sponsor Warrant Notes agreed to amend, waive and forgive the Transfer Sponsor Warrant Notes in their entireties, effective as of December 26, 2018. The waiver of the Transferred Sponsor Warrant Note had no effect on the holder of outstanding shares of Phunware stock (as determined immediately prior to the Merger) right to receive, should they have elected, the Transfer Sponsor Warrants as consideration in the Reverse Merger and Recapitalization.
On January 18, 2019, PhunCoin, Inc. commenced an offering of up to $1,070 of Rights pursuant to Regulation CF. Through the date noted above the Company has commitments of approximately $134, before intermediary fees, for an aggregate of approximately 67.1 million PhunCoin.
On January 25, 2019 the holder of the Series A convertible preferred stock redeemed 3,000 shares. The Company paid the holder $3,120 as a result of this redemption in accordance with terms of the Series A Financing. Furthermore, on February 24, 2019, the holder redeemed 2,500 shares of Series A convertible preferred stock in accordance with the Terms of the Series A financing. The Company paid $2,600 to the holder. Of the proceeds paid to the holder for both redemptions, $5.5 million was from the restricted cash account, and $220 from the Company’s operating account.
Through the date noted above, the Company received cash exercises of warrants for the purchase of 585,396 shares of common stock for aggregate gross proceeds of approximately $5,820, of which $5,728 was received in cash, $92 was received in digital currencies. Furthermore, 8,272,023 warrants were exercised via cashless provisions that resulted in the issuance of 7,517,334 shares of common stock. The Company further received cashless exercises of 113,750 units that resulted in the issuance of 103,837 shares and 103,837 warrants. The warrants issued have the same terms as the Public Warrants.
Thanks phun. I see you correcting these errors and more at yahoo. See why I call them yahoolifans ? They are animals. And they are tone deaf.
I actually listen and respect you phun. And I know I’m getting the legal truths. Those are the negatroms that I
Suspect are the source of all the mysterious and vacuous graffiti you find on walls that were meant to serve them. That’s their appreciation.
Well don’t look at me. I didn’t train them. That’s the source of my income.
If you can’t beat them, take their money. You can only do so much with the truth.
THe problem is clearly not the evidence. It’s the receiving end of the
Evidence. Those are the ones that spread gossip and rumors
In the work place. Jump to conclusions and rely on hearsay.
Know you are appreciated here and have faith in the quiet ones.
The quiet ones know.
FYI. I’m one of the quiet ones. Believe it or not.
PHUNW and PHUN Convergence
To me, it's a bullish day. My interpretation is not the only one, of course. But what I see is a lower price being met with huge demand. For every seller, there is a buyer. Where the big supply came from, I don't know. It's not a price I'd be interesting in selling at as I'm in a strong position.
And as the stock dropped, warrants went up. That is a mismatch of data, yet the disparity between the two is no longer that huge. PHUNW needs to meet PHUN or vice versa. And now the two traded with exactly the same volume almost, and both record days I think. That's like price discovery happening on both sides, thus removing the great paradox. It still exists, but it's not as mysterious anymore.
So, as time goes on, the two will eventually start working as the laws would normally govern I think. All this price discovery is also happening with much more supply, which I can't explain. Does somebody unfairly have warrant info? I don't know. But it happens after the 10-q, which gives more clarity. So to have such strong demand is very encouraging.
I wouldn't make any bets. I just invest in value. And I covered all my bases, and I'd definitely grab up more warrants at 50 cents if I'm given that opportunity. Or common at, say, 4? But we will still have many insiders and others that ar restricted till August, so I think this is a great day in price discovery. Not set in stone yet, and Mr. Market is not efficient. He is still discovering who he thinks he is, and getting better at it. But he's usually over or under, always in his "perfect" state somewhere, so for that, I can only recoomend a psychiatrist.
But, I know where I'm going. His money, my bank account. Now downside, profits locked in, and a bright future ahead. That's how life should be.
I don't think it's unusual. There won't be earnings. There will be growth. And it will be convoluted. I want to listen to the conference call, and I hope there is a Q&A. I wish we could have an analyst, and maybe someday there will be one, but right now, too many politics and profiling. Which, I was erroneously on the receiving end of a few years ago, but ignorant profiling can be quite profitable. So, double-edged sword.
For example, NROM just releases this today:
Noble Roman's Pizza, announced that it will release 2018 financial results today, March 27th, after markets close. Noble Roman's also announced that it will host a conference call on Thursday, March 28th from 4:00 to 4:45 P.M. EDT to discuss
Earnings later today, conference call tomorrow. Now, I just finished writing an open letter to my business partner, and that son of a $###@ just did everything I told him not to do. Today, PHUN is crashing, as per my fears (which is why I sold half my warrants for guaranteed profits). But the warrants are going up. So, he messed up Scenario 1, which was I exercise at $30.
Then, he turns right around and raises his price on HLIX. I should punch that guy right in the mouth!
Then, he just jacked up Scenario 2. My NROM order at .45 was never considerd, and it's now it's skyrocketing to .60.
Ewww, just give me 30 minutes alone in a room with this guy. That's all I need! No cameras, off the record.
Free Trading
It just dawned on me that I sold half my warrants the other day without having to call my broker. The warnings and restrictions were lifted. Plus, I just tried to buy, hypothetically, and didn't come across any red warning signs or directions to call my broker. All warnings and restrictions have been lifted. For a number of days now, at least.
Interesting. That may or may not be a contribution to the liquidity. I guess I've been so not worried that I never noticed that the warnings signs vanished. At least with my broker, Etrade.
What's also interesting is the behavior of my business partner, Mr. Market. He is constantly scheming, trying to get one over on his fellow citizens. If he thinks there is a fire, he has a plan to get out first.
Is that the kind of behavior, Phunware, they teach Rangers? No? No rush to the exits in a crowded theater? Stay calm? I guess we aren't dealing with Rangers here. Or Greeks, for that matter, as I'm not seeing any intellectual conversations over there at Yahoo.
Well, it must be the quiet ones. That's all I have to say about that.
It's very interesting behavior and a very interesting company. That's for sure! Easy money! As I said before, dealing with my eternal nemesis, Mr. Market, is a walk in the park. As long as I don't have to do battle with Rangers, I'm a happy camper.
I was so close to being being a Ranger as I recall in my HS days. I had the grades, was on the Track Team. It was too easy for me. They wanted me to badly, so I declined. I always regreted that. I guess we want the things we can't have. And that is absolutely a true story. I liked the hazard pay, and I thought it would be fun for me. Airforce Rangers IFFF memory serves correct. The highest paying branch, the higher requirements, and their equivalent tot he Navy Seals. Navey was my #2 choice, and I actually loved the idea of the nuclear navy. I was torn struck.
Absolutely, true stories, Phunware.