Replies to post #1623 on Phunware Inc (PHUN)

[Klinsmann]

Don't think that 40k on ask right now is some small investors willing to sell today...

[candeloro]

@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

[sanderburwil]

Thank Phun- maybe a simple phone call to these “malakes” while they’re on their yachts (I think you know whom I’m referring to)- just to tell them to ease off a bit . This endless dumping is killing any once of trust and sentiment around here. How much more blatant and evident can this be. Heck look at the damn price here