Followers | 0 |
Posts | 313 |
Boards Moderated | 0 |
Alias Born | 08/04/2018 |
![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Saturday, April 13, 2019 9:49:26 AM
You are right, Candeloro. That reminds me of what Buffett said in an interview to some criticism. He said, why should people care if I agree with them or not? If I don't agree, it shouldn't matter at all. If the company is good, it doesn't matter what I say.
I personally do think PHUN is good. I just don't like good stories with good attitudes. My profile at Seeking Alpha says, "If you aren't on fire, you're not my desire." That is a true statement. I need anger, misplaced anger, and real fires.
PHUN's layoffs are starting to smell like smoke from a fire. But the crowds are rushing into the theater, not a stampede to get out. Well, actually in this case a stamped to get out, but now a rush to get back in. So, we have psychological problems going on. Which is good, as this vulture is circling its prey above, waiting for opportunity.
https://www.americaninno.com/austin/inno-news/phunware-announces-15-layoffs/
PHUN announces 15% Layoffs
Holy Smokes! I love layoffs, which is why I bought another 1000 shares of Luby's stock yesterday to bring my position up to 8,000 shares in a $1.50 stock. It's a "dying cafeteria" restaurant model in Texas. The leader of the dinosaurs. Also owns Fuddruckers. I like it because it's retrenching, layoffs, selling off its company owned real estate. BUT unlike here, the market hates it, fears it, shuns it, and they don't talk, and their CEO's salary is $1.00 per year (with skin in the game of 33% stock). $1.00 per year until he turns the situation around. And he goes down with the ship, or he makes me money.
I'm not seeing that here. I'm seeing information cherry picked by a company pulling in a nice salary, completely unconcerned if I get burned or not. Case in point: No disclosure around the structural defect of the bridge they were talling me about - ie, the cashless exchange of the warrants. Because the bridge collapsed, the sociopathic view was that I should have been aware of the risks. No remorse, just more cherry picking. I made a profit, but I do feel remorse for those that didn't. And that's a key difference between me and sociopathic behavior.
And now there are layoffs. When you have layoffs, I want to see depression like at Luby's. I love depression! I want to see talk of bankruptcy. Like at Luby's, I'm buying irrational depression. Here, I have to buy irrational exhuberance. And irrational exuberance is expensive. I like cheap.
I predict Luby's will be $3.00, a 100% return, before PHUN will see $16.00, a 100% return.
That being said, I do want PHUN at $2.00. I would not want Luby's at $8.00. At least, not at this time. In the future, I *might* want PHUN at $8 and I might want Luby's at $8. But for now, as the cards are laid down on the table, I want neither at $8.
What I'm seeing here is a looking past the layoffs. A brushing it under the carpet reaction. Pretend it's not there. Rationalize it. Don't look there! Look at this instead!
And I especially have trust issues with PHUN. I have NO trust issues with Chris Pappas, the $1.00 per year CEO of Luby's. No trust issues whatever there. He doesn't talk, and he doesn't cherry pick. And if there was a structural defect on a bridge he encouraged me to cross, I know he would have my back and tell me about it.
AND DON'T FORGET ABOUT THE QUIET ONES.
It's always the quiet ones. Before this bridge collapsed, it was real quiet. Which spooked me. I said, on the record here, in fact, that it sure is quiet around here. It worry about the quiet ones. Here, the chatter is running rampant. Retail investors foaming at the mouth. That's easy pickings. The loudest ones in the room are the weakest ones in the room.
Circling the prey! And they look delicious! And defenseless!
Recent PHUN News
- Phunware Added to FTSE Russell Microcap® Index • GlobeNewswire Inc. • 07/01/2024 12:30:00 PM
- Phunware to attend the Hospitality Industry Technology Exposition & Conference (HITEC) • GlobeNewswire Inc. • 06/12/2024 12:00:00 PM
- Phunware Updates Announcement of “At-the-Market” Equity Offering Program • GlobeNewswire Inc. • 06/04/2024 09:30:00 PM
- Phunware Announces At the Market Equity Distribution Program • GlobeNewswire Inc. • 06/04/2024 12:30:00 PM
- Phunware Reports Significant Improvement in First Quarter 2024 Financial Results • GlobeNewswire Inc. • 05/09/2024 08:05:28 PM
- Phunware Appoints Hospitality Industry Veteran as Strategic Advisor to Propel Hospitality Sector Growth • GlobeNewswire Inc. • 05/07/2024 12:00:00 PM
- Phunware Sets First Quarter 2024 Earnings Call for Thursday, May 9, 2024 at 4:30 p.m. ET • GlobeNewswire Inc. • 04/25/2024 12:30:00 PM
- Phunware Signs Multi-Year Renewals of Mobile Solutions with Major Hospitality and Healthcare Customers • GlobeNewswire Inc. • 04/24/2024 12:00:00 PM
- Phunware Reports Full Year 2023 Financial Results • GlobeNewswire Inc. • 03/12/2024 08:05:00 PM
- Global Markets Await U.S. Inflation Report: Mixed Movements in Pre-Market Trading • IH Market News • 03/12/2024 11:22:57 AM
- Phunware to Participate in the 36th Annual ROTH Conference • GlobeNewswire Inc. • 03/06/2024 09:05:00 PM
- Phunware Sets Fourth Quarter and Full Year 2023 Earnings Call for Tuesday, March 12, 2024 at 4:30 PM ET • GlobeNewswire Inc. • 03/04/2024 01:30:00 PM
- Phunware Expands Hospitality Portfolio via a Multi-Year Partnership with Escapades Memphrémagog and PAL+ • GlobeNewswire Inc. • 02/27/2024 01:00:00 PM
- Phunware Announces Reverse Stock Split • GlobeNewswire Inc. • 02/23/2024 01:30:00 PM
- Phunware Announces Pricing of $10.0 Million Public Offering • GlobeNewswire Inc. • 02/07/2024 02:07:42 PM
- Phunware Launches Proposed Public Offering of Securities • GlobeNewswire Inc. • 02/07/2024 12:12:32 PM
- Phunware Appoints Industry Veteran Elliot Han to its Board of Directors • GlobeNewswire Inc. • 01/26/2024 01:00:00 PM
- Phunware Announces Pricing of $5.6 Million Registered Direct Offering • GlobeNewswire Inc. • 01/19/2024 01:00:00 PM
- Phunware Announces Pricing of $7.0 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules • GlobeNewswire Inc. • 01/16/2024 09:04:47 PM
- Phunware Announces Closing of $2.8 Million Public Offering • GlobeNewswire Inc. • 12/11/2023 09:05:00 PM
- Phunware Announces Pricing of $2.8 Million Public Offering • Business Wire • 12/07/2023 02:51:00 PM
- Phunware Launches Proposed Public Offering of Securities • GlobeNewswire Inc. • 12/06/2023 09:50:09 PM
- Phunware Appoints Jeremy Kidd as Senior Vice President of Sales and Marketing • GlobeNewswire Inc. • 11/29/2023 09:05:00 PM
- Phunware Announces Inducement Grant under Nasdaq Listing Rule 5635(c)(4) • GlobeNewswire Inc. • 11/15/2023 12:00:00 AM
- Phunware Reports Third Quarter 2023 Financial Results • GlobeNewswire Inc. • 11/09/2023 09:05:00 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM