How would I play PHUN if I were Fineqia? I would play it exactly as I would have if I still owned it. I kick myself for not owning it anymore. But IFF I had 31,000 shares as Fineqia did as of the end of June this year. and IFF I knew what was happening on Friday, I would most likely not even have known until it was over $6.
I would have sold 15,000 at $6 for sure! And I would have kept releasing as the price went up, but I would have kept at least 5,000. Maybe 2000 as it kept climing. Then getting stingier with my releases.
It's possible I'd have just 500 or 1000 left. I wouldn't want to exit completely. You never know what can happen. I probably would have made just made us $200,000. I still think they lost money from the original cost basis though. They bought in at $9. From Alan the scam artist, if I recall the CEO's name correctly. I should always consider someone that worships Trump a con, but I don't really think I knew him well enough at the time.
But IFFF I didn't know what was going on on Friday, which is very likely, I'd have all those shares and same options before me on Monday morning. I was only alerted to the fact from someone at Seeking Alpha. I didn't discvoer Friday's action on my own. But now, surely Fineqia knows. And it might actually be a board decision to make. I imagine so, so it would really take Graham's approval I think.
But I would want to sell 15,000 shares at open and have that mindset above in mind. And if it start crashing, still wind it down to 2,000 shares. And if it doesn't crash, slowly release upwards but get down to 2,000 shares. But that's just me. That would give them another $550,000 in total (including reasonalbe speculative price of PremFina) to figure out a path forward Plus, PremFina owed us money on top of that.
And then maybe, just maybe, Martin Graham can show us why he was the Chairman of Oracle Capital. Because I'm not seeing it with Fineqia. I hope that wasn't the Leif Garret story. I'm hoping he became an even better person in time...