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Friday, April 12, 2019 5:35:04 PM
For a sobering look of what really happened this week, Motley has some good commentary on the subject matter here. Very succinct, which is how truth generally reads.
https://www.nasdaq.com/article/how-phunwares-shares-doubled-in-two-days-cm1128507
Notice the words "retail investors" and not short squeeze. Translation: Amateur hour. 49ers. After all, shorts had a feast. The only ones that got the rears handed to them on a silver platter were longs.
The author concludes: "As random walks down Wall Street go, I'd rather not touch this one until the company starts reporting some worthwhile business results. So far, the wild swings have been built on speculation."
Let's keep this in perspective. When I say it's time to go long and strong, that's the time to go long and strong. A price entrance based on fundamentals and a no-brainer to glory. Buy low, and hold strong. Anybody here that tells you they are "long and strong" have a 99% chance likelihood of being gone within 2 weeks, on to the next pie-in-the-sky promises.
If I say I'm long and strong, you can bank on it. All these other Yahoos, forget it. A lot of dust needs to settle.
PHUN, if may ask a third time: Surely you can answer. What is the purpose of having a cashless exchange stipulated in warrants? Do you know the answer? I know this is not unique to PHUN. Maybe your CFO would like to comment? I'm still angry at this matter of unnecessary dilution that I believe happened. And I still have trust issues. What is the problem with full disclosure? Are there any other landmines in fine print that shareholders should be aware of? I personally think it would be going the extra mile to point out any hazards in the fine print to your team. To the ones you serve.
Recent PHUN News
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- Phunware Appoints Mike Snavely as Chief Revenue Officer • GlobeNewswire Inc. • 09/08/2023 12:30:00 PM
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