Phunware Retains BUYINS.NET to Monitor Short Sellers and Market Makers

AUSTIN, Texas – (COMMERCIAL THREAD) – Phunware, Inc. (NASDAQ: PHUN) (the “Company”), a fully integrated enterprise cloud platform for mobile that provides products, solutions, data and services to brands around the world, today announced that BUYINS.NET, http: //www.buyins.net, a leading provider of SHO regulatory compliance monitoring, short selling statistics and integrity monitoring market, launched a cover on Phunware, Inc. after releasing the latest data on short selling through April 30, 2020. The aggregate total number of short stocks since February 2019 is approximately 92.3 million shares. On average, around 47.31% of daily trading volume is short sales. The SqueezeTrigger price for all PHUN shares sold short is $ 2.61. A short squeeze should begin when PHUN’s actions exceed this level.

See the report: http://www.buyins.io/reports/phun5-2-20.pdf

See SqueezeTrigger: http://www.buyins.io/images/phunstr5-2-20.JPG

View the friction factor: http://www.buyins.io/images/phunff5-2-20.JPG

See detailed explanation: http://www.buyins.com/brochure.pdf

The friction factor calculates whether a fair deal is made in PHUN’s shares. 48% of the previous 40 trading days were positive or bullish and 5% were negative or bearish.

SHO regulations require that good faith market making activities include making purchases and sales for roughly comparable amounts. The Commission stated that good faith market making does NOT include activities related to the broker’s speculative selling strategies for investment purposes and is disproportionate to the broker’s usual market making models or practices for that purpose. title. Likewise, where a market maker continually posts at or near the best offer but does not also post at or near the best offer, the activities of the market maker would generally not be considered good faith market making. . In addition, a market maker who continually executes short sales outside of its posted quotes would generally not engage in good faith market making.

BUYINS.NET monitors PHUN’s market makers on a daily basis to verify their compliance with fair market making requirements.

About Phunware

Everything you need to be successful on mobile – Transforming the digital human experience

Phunware, Inc. (NASDAQ: PHUN), is the pioneer of Multiscreen-as-a-Service (MaaS), an award-winning, fully integrated enterprise cloud platform for mobile that provides businesses with products, solutions, data and services needed to engage, manage and monetize their mobile application portfolios and audiences globally. Phunware’s SDKs include location-based services, mobile engagement, content management, messaging, advertising, loyalty (PhunCoin and Phun) and analytics, as well as a Mobile application framework of pre-integrated iOS and Android software modules for building internal or channel-based mobile applications and vertical solutions. Phunware helps the world’s most respected brands create mobile experiences that define their category, with more than one billion active devices touching its platform every month. For more information on how Phunware is transforming the way consumers and brands interact with mobile in the virtual and physical worlds, visit https://www.phunware.com, https://www.phuncoin.com , https: // www. phuntoken.com, and follow @phunware, @phuncoin, and @phuntoken on all social media platforms.

About BUYINS.NET

BUYINS.NET, http://www.buyins.net, monitors the trading of all US stocks in real time and maintains massive databases of naked short selling and short selling and selling data, Short-press SqueezeTrigger pricing, market maker price movements, shareholder data, earnings statistics, sector correlation, seasonality, hedge fund trading strategies and comparable valuations.

Safe harbor clause and forward-looking statements

This press release contains forward-looking statements. All statements other than statements of historical fact contained in this press release, including statements regarding our future results of operations and financial condition, our business strategy and plans, and our objectives for future operations, are forward-looking statements. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “expose”, “intend”, “may”, “could”, ” could ”,“ opportunity ”,“ plan ”,“ possible ”,“ potential ”,“ foresee ”,“ project ”,“ should ”,“ will ”,“ would ”and similar expressions which reflect the uncertainty of events or future results are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this press release are based on our current expectations and beliefs regarding future developments and their potential effects on us. Future developments that affect us may not be those we anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) and other assumptions that may cause actual results or performance to differ materially from those expressed or implied by these forward-looking statements. These risks and uncertainties include, without limitation, the factors described under the heading “Risk Factors” in our filings with the Securities and Exchange Commission (SEC), including our reports on Forms 10-K, 10 -Q, 8- K and other documents that we make from time to time with the SEC. If one or more of these risks or uncertainties materialize, or if any of our assumptions prove to be incorrect, actual results could differ in material respects from those projected in these forward-looking statements. We assume no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. These and other risks described under “Risk Factors” in our filings with the SEC may not be exhaustive.

By their nature, forward-looking statements involve risks and uncertainties as they relate to events and depend on circumstances which may or may not occur in the future. We caution you that forward-looking statements are not guarantees of future performance and that our actual operating results, financial condition and liquidity, as well as developments in the industry in which we operate may differ materially from those made or suggested by forward-looking statements. statements contained in this press release. In addition, even though our results or operations, our financial condition and our liquidity, and the developments in the industry in which we operate are consistent with the forward-looking statements contained in this press release, these results or developments may not be indicative. results or developments in subsequent periods.

DISCLAIMER:

BUYINS.NET is not a registered investment advisor and nothing in the documents should be construed as a recommendation to buy or sell any securities. PHUN paid $ 2,500 per month for six months of data provided in this report and subsequent reports, as well as advertising services. PHUN does not endorse the statements made in this press release. Please read our report and visit our website, http://www.buyins.net, for all risks and disclosures.


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