Phunware Inc (PHUN)

[SecretMillionaire]

If those those that exercises their right to the cash exchange felt the
Company was worth 50 and could support their price they would Have
Waited for registration and kept 100 percent of their shares that way.

In this scenario however they got to keep about 60 percent of their shaheed
Due to the price and to get out first before i and others could
Do the same. It does not guarantee a falling price. Huge demand
Would have been there to absorb it if it was worth 50. That’s
Why that value fund whatever it’s name was did not value
Their phun investment on the books at trading prices.

I think you are right in that this is a decent price and it is also
Below all warrant prices to my knowledge. But now the company
Is diluted for no good reason at all as I understand it. And
For that there must be punishment. I am not saying the stock
Will fall. I’m only saying I want a 2 dollar opportunity.

Without the cash to support this dilution I don’t think 20 is as good
As it looked before. And even then it was expensive and requires
Perfect execution and I don’t like high hurdles. I like low
Hurdles to clear. That’s why when I was a freshman in hs on
The track and cross country team I declined the offer to be on the
Varsity team. I said no. Hi like low hurdles where I can win trophies
And cookies. I don’t like high hurdles. I never did and never will