Most of the things I say are very positive about PHUN. I speak the truth as I see it. The good, the bad, and the ugly. I don't cherry pick.
I think in this case that the company would have received at least as much money from exercised warrants as they got from the dilution in this case. The collapse would have happened during a real exercise instead of this cashless exercise. We would probably still be trading at $40.00 right now or higher on a low float. So exercise time, what we have in dilutoin now would have turned into cash starting at $40.00 down to $11.50. Or maybe it would have maintained at $16.00 or so since investors could see an influx of cash coming in, strenghtening the balance sheet.
I want to go long at $2.00 and below. I find this dilution insulting. As an investor, I find it very distasteful. If the comopany had $300 million in sales, I'd could look past all of this at this price. And it may have that one day, maybe by 2023. But right now, it doesn't, and right now, I'm just giving you my honest opinions. You should cherish my honesty. If I were a company rep, I wouldn't be able to give you the good, the bad, and the ugly. I'd only be able to tell you the good. Which is good, but it's not the full picture and it doesn't help me, as an investor. I want to make money, and I don't want to be blindsided. Now I have trust issues as this was kept a secret. A hush hush kind a thing, in the legalese. I would have appreciated this ugly disclosure as I was buying my 10,000 warrant, which I luckily profited from. I guess it's good I didn't see that bad structural defect, so ignorance is bliss! Sometimes, confidence and bliss are profitable! I might have fallen off that bridge if I was nervous. I'm scared of heights, which is why I probably would have made a better Navy Seal than an Air Force Ranger. LOL
