Phunware Inc (PHUN)

[candeloro]

Yes reducing 15% of your workforce directly after going public sounds like the business is booming, isn't it.

Please if someone can present me any business case of PHUN, I would be happy.

Which app do you have to use to give them the information they claim they get?

They say they have 1 billion mobile devices they collect data from monthly.

With a revenue of 30 million per year, you can calculate how much a single device is creating in revenue.

1 bilion devices is the total population of North America plus Europe.

If they would be used by Facebook or Apple, fine but without any blockbuster app how do you get these numbers and if they now want to give people the ability to earn money through the coin (which is not developed by now but already sold to the investors, which means PHUN will not make money through the coin offering) how do they connect a app of a not owned company to make you give PHUN the data.

Everything they present is case studys and 2 contracts that make 50% of the revenue, both only stated for the business year ending in 2017(!!) in the 2018 full year report. What happened to them in 2018?