HPE is a multi-billion dollar company. So, I guess this is a big deal. According to an article written by a bull in early April from Seeking Alpha, he said this:
HPE's Aruba mobility controller allows a user to power on their machine remotely, and have it access applications as if they were in the workplace... ...This is an example of where COVID-19 catalyzes a change that could become permanent. As businesses weigh the effects of working remotely, or extending their network, they may find it beneficial to make some changes permanent.
I don't really understand, but seems like a micro-cap company liked by a big-cap company is a good endorsement and may be able to ride on their coatails while giving them a needed boost. All I know is HPE has been losing sales on a glance, but increasing margins and profitability the last few quarters and pays a hefty dividend yield.
I don't know if this is overvalued or undervalued. I don't know how to value this. But I do know a backdoor way in here. Fineqia owns over 200,000 shares of PHUN, as shown on these sedar filings:
Just click the latest interim documents dated March 2, 2020. On Page 24, it's listed as one of 5 startup fintech investments. I thought this was the only dog of the bunch, but maybe the are all rising stars. Potential unicorns? Fineqia is only 7M, tiny sub-penny microcap stock. Right now, at this time PHUN is sitting on a liquid value of over $400K for them. I don't know where this stock is going, but I know Fineqia is real too and you can read their story in those documents.
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