Phunware Inc (PHUN): @Phunware would you please comment on yo...

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candeloro

Re: Phunware post# 1623

Wednesday, 07/10/2019 3:45:01 PM

Wednesday, July 10, 2019 3:45:01 PM

@Phunware would you please comment on your 10K
Page 16

"8. Stockholders’ Equity

Common Stock

Total common stock authorized to be issued as of March 31, 2019 was 1,000,000,000, with a par value of $0.0001 per share...."

Why would you (allow to) authorize 1 billion shares:
If for whatever (financing, dealmaking) reasons those would be issued at a stockprice of 2 US$ the valuation of the company would be 2 billion US$.

"During fiscal year 2018, the Company completed several closings of stock financings resulting in the issuance of 1,085,096 shares for aggregate cash proceeds of $9,565, net of issuance costs."

Who got the 1 million shares at a cost of 0,0088 US$ per share?

Why are directors, CEO and insiders not purchasing stock on the open market at these dirt cheap prices?

Thanks

LOL abuser
Someone who uses lol not only too much in a conversation, but is most likely NOT laughing out loud at what was previously said. Not only is this person an abuser of an already retarded term, but they are a liar.