GTC Order:
Yesterday, I put in a 7000-share order in, good for 60 days, at .50. That has been a dream price of mine. I also put in a 1000-share order in for PHUN at 1.50, which has been dropping like a rock on Jupiter. And rightly so after that SPAC loophole fiasco.
At those prices HLIX would have an enterprise value of $43M with $11M in annual sales and climbing.
PHUN would be near $60M EV with $30M in annual sales and climbing.
Both aggressive growth stories in newly recognized industries that came public through the reverse merger. One on a disrespected exchange with third-grade accounting but with integrity. The other on the reputable Nasdaq with SEC approval in a shady de-regulated SPAC. Both convoluted. Both interesting CEO's with two polar opposites in mgmt. styles. Both having military backgrounds and interesting.
I also had Mr. Market pay for my 1,000 shares of Macy's last month. I didn't know how he was going to do it, but as fate would have it, he did it. Looks like he might be getting more cooperative lately. Maybe he'll come to his senses and give me back ALL the rest of my shares at .50. Because one thing I don't like is a cheap SOB. I just want his wife to visit BlueMercury, the growth catalyst within that Amazon can't touch. Meanwhile, I need to peruse the options of Herald Square whose real estate is 50% the market of Macy's as a whole. We are going to build a highrise skyscraper on top of that because I own that now. Thank you very much!
PHUN's CEO over there is arguing with my business partner in the public forum's on a daily basis, about to pop a blood vessel. He doesn't understand that you can't rationalize with him. I don't keep him around for a meeting of the minds. I keep him around for his attitude! Because those 7,000 HLIX shares will be margined off Macy's vast real estate empire, which exceeds Macy's market cap 3-fold by cocnservative estimates. I'm not going to pay a dime from my pocket.
But will Mr. Market capitulate to .50? $1.00 is the more pivotal point where so many convertibles reside. Psychologically, it will be harder for him. He needs to be depraved and desperate. Considering his bopolar self, I don't think that's asking too much. But we shall see. I didn't think he'd cooperate with Macy's, but he did. Let's see if he cooperates here as well.
