Phunware Inc (PHUN)

[candeloro]

start thinking before LOLing

I said the 8% drop in price reflected the dilution.
It does not matter if the valuation is correct, that is another matter.

If the price would have closed at 20 US$ on Monday the 8.35% drop to around 18 US$ would have happened bc of the dilution.


And if you would have expected a return to 10 US$ would reflect the fair price, now you would have to be happy at 9 US$ as the dilution of the cashless exerciseed warrants "cost" you 9.4%

This all does not include the lost 33 million in income for the warrants exercised that now did not come.