Phunware Inc (PHUN)

[candeloro]

In all fairness, I do not think it is the companies fault.
I am not sure if the deadline was way off from what a normal contract would have included.

If it was set in a too short time frame, there might be someone that knew about that and took advantage (but that would not have been the guys running PHUN but the ones setting up the construct)

That the shutdown would happen which in my opinion was the main reason for missing the deadline nobody could expect.

There is no reason to be angry as well as the investors can calculate the dilution and the lost proceedings of the exchanged warrants for money.
So the reflection will be in the stock price one way or the other.

The company is missing the nice PR effect when they would have announced the 30 million extra revenue, next to the fact that the money actually is missing to grow the business.

But thats life, bad things happen and how people see you will not be determined by the bad things that happen but how you react to them.

I am pretty sure the company can make its way if they do the right decisions and I might be a buyer of PHUN stock at one day, but not now.
In my opinion the company is over valued at the moment.
But then who am I and what do I know compared to the many people that are way smarter than I am.

Over and out...