Thanks Lanman,

It sounds like they (PHUN) probably have about 10 million shares left to sell for their own account with the proceeds from the other 14 million supposedly going back to Falcon. Shareholders would be better off if Falcon takes back those 14 million shares and cancels them rather than have them drive the share price down any more than the extra 10 million shares may possibly do. Now the question arises is can they just cancel the equivelent of $5 million worth of Falcon shares or has the deal been struck in such a way that PHUN will have to sell them and then pay back the cash. Maybe a private placement could also be done that would keep the pressure off the stock, but ideally to a new investment bank and not to Avelar or Burlingame. Regards Paul