The financial report is a small blessing.
$Phunware (PHUN.US)$
Bought at 4.28 first, with 80% profit before, entered the battle. Financial report link.
https://investors.phunware.com/news-events/press-releases/detail/217/phunware-reports-third-quarter-2021-financial-results
Attended the meeting.
1) There was no mention of Trump ⚠️ at all. Mentioned discussions with Miami Mayor Francis Suarez (R) about issuing currency. Also invited former Congressman Ryan Costello (R) to serve as an independent director. So far, TMTG only has a PowerPoint presentation, two announcements, and an appointment on the app. A serious IT company would not dare to offend the entire industry for just one deal with the former president, Trump. Trump can only turn to companies willing to take extreme risks. The possibility of phunware's selection is only a probability, and there is no definite assurance before signing a contract. There won't be any news in the short term, just waiting without confirmation.
2) A revenue miss of 2.2 million is not a big issue. The acquisition of Lyte Technology, a DIY computer business, was simply to improve financial reports. The guidance for the next quarter remains at 5 million, making the current P/S ratio 17 times, which is not considered expensive. However, the company is no longer in its pre-takeoff state. I doubt you can still buy at less than $3, as institutions' cost ranges from $2.5 to over $5. The positive EPS is due to the forgiveness of PPP loans. On the operational side, it has not turned positive yet. The next quarter will surely be slightly better, but it's likely to still be negative.
3) The company successfully raised more than $65 million through a follow-on offering. The balance sheet has improved slightly compared to before. Additionally, there have been recent additional offerings. They have 129 big tokens in hand. They have hired many new engineers, now totaling 100 employees. With several vacant positions, they are ambitiously aiming for growth. Now, it's a matter of guessing: is it related to digital currency or Trump?
4) Phuntoken and phuncoin are a focus, currently priced at 1 cent. You can receive 5 tokens per day from the wallet (seems useless). In the world of cryptocurrencies, market manipulation is always better than buying with real money.
5) There are still analysts raising professional questions, but it's unclear which boutique investment banks they are from. They mainly focus on guidance and digital currency.
God bless America.
Still the same. Investing has risks. Market makers will not easily push the price back to $10 under layers of selling pressure, letting the 'leeks' run away. It is a bit more expensive than the fair valuation now. But if you say OCGN and NVAX are clearly overpriced, as well as RIVN, QS, even Jia Yueting's concept stocks, DWACW is showing the value of DWAC over 30, GME is standing strong at 200, there are still people buying, right? Just manage your positions well, sometimes in life you need to take a little gamble within a reasonable range, let’s go Brandon!
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Kouzen : thank god , i can keep HODL now
TonyDongeeeee : Takeoff tomorrow
Upncoming1841 : No mention of any business dealings with $Digital World Acquisition Corp (DWAC.US)$
QMengColdJoke OP Upncoming1841 : not at all