Phunware Inc (PHUN)

[SecretMillionaire]

Your figure might be correct. I don't know. I have this gut feeling that Condelero could give you a good estimate.

I think, however, your "90% drop in price" is assuming that the price was efficient to begin with. But it was very volatile and thinly traded. Only now has price discovery truly been allowed to happen in my opnion. But now the warrants are still saying it should be $10.00 or so. So, who is right? Mr. Common or Mr. Warrant? Mr. Warrant was more right before. But he was saying things like .20 before too with no dilution. So, he doesn't seem credible either.

I'm just looking at the fully diluted p/s BEFORE the cashless exchange, which is worse than it is now. Not worse, but more dilution. But it was actually better because it would have been arguably accretive at today's price had there been cash. Assuming I'm working with the correct facts. So, I'm just being cheap with $2.00, and I want extreme value. At least, I think that's cheap. I hope that's cheap. I like discounts. I don't like retail prices.

I think anything is justified, and I do believe $50.00 was never justified. I think $20.00 was high-end justified before this dilution that I believe happened.

I think a lot of fog and dust needs to settle. I don't think we will have a real clear picture until next year. I just know what's right for me and what my price is according to my understanding of the facts that are present to me at this time.. It may or may not come to me. And that's okay if it doesn't as I'm happy and content with what I already have.

That being said, in 2023, PHUN may be the next Amazon. I don't know. In which case, I should be buying and taking out a home loan to buy more! But, I don't have crystal ball.