Replies to post #836 on Phunware Inc (PHUN)

[HokieHead]

Saying a 15% cut in workforce that only costs the company $125,000 in a one time charge but saves them over $2.8 million in expenses yearly and doesn’t impact business is a bad thing? Lmao, if that’s the case please add DD that really makes sense as well. Saying this isn’t great for the company is misleading.

Also there’s tons of tickers out there with that kind of action as well, but still concentrating on PHUN though I see, plenty of tickers to save, no? I highly doubt this “forum” that needs saved and informed is affecting the trading of a ticker that’s doing $10-$50 million in $ volume now daily. But thanks for the concerns.

[SecretMillionaire]

Interesting Layoffs at PHUN.

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!