Phunware inc may present a good reversal opportunity, down 75%

Friday June 28th PHUN was added to the Russell 2000 & 3000 indexes, hopefully that will change the fortunes of the stock price which has a miserable 2019 losing 75% of its value.
THEY COMPANY IS RIGHT AT THE HEART OF A VERY TOPICAL SUBJECT WORLDWIDE DATA. Phun enables the monetization of data through the blockchain rewarding those who own own it, it is a contrarian play against the traditional large scale companies who benefit from consumer data , namely Google, Facebook etc
Phunware offers a dual token economy within its Multiscreen-as-a-Service (MaaS) platform, in which one digital asset, PhunCoin, is a compliant security token that enables consumers to monetize their digital identity, while the other digital asset, Phun, is a utility token that enables consumers to monetize their digital activity when engaging in profitable behavior with brands. These two tokens underpin the Company’s recently launched blockchain-enabled data exchange and mobile loyalty ecosystem.
“With international regulations like GDPR and new domestic policies like the CCPA in California, it's imperative that brands begin thinking about how to reach and compensate consumers in a world where data is viewed as an inalienable right,” said Alan S. Knitowski, Co-Founder and Chief Executive Officer of Phunware. “We are decentralizing data and empowering consumers to give brands an alternative to large corporations that exploit data and perpetuate advertising fraud.”


COMPANY PROFILE
PHUN is a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, today announced the successful launch of its Blockchain-Enabled Data Exchange and Mobile Loyalty Ecosystem for current customers. The Company plans to extend these new platform features and capabilities to new enterprise customers throughout the second half of 2019 as they are integrated and deployed by these customers.