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Alias Born | 08/04/2018 |
Monday, April 08, 2019 11:00:35 PM
Yes, a year's revenue gone for absolutely no good reason at all is a disaster. Completely unnecessary dilution, no matter how you spin it, is a wasteful dilution. No reason! Who benefited? Not investors or the company. Punishment should be in order. The market should punish PHUN. And I'm talking about a back to the woodshed moment at $2.00 or below.
But, at least I learned something here and I got something out of it.
The lack of full disclosure around that pivotal point of dilution for absolutely no reason is just disheartening. It's in the fine print of the legalese, but I don't consider that disclosure. That's like having an unstructurally sound bridge and blaming motorists that were victims of its collapse that they should have read the fine print.
Thanks for all the input, Candeloro. I appreciate you.
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