I have a few PHUN shares for the PHUN of it, and while it maybe has some good future value based upon it's 10% Falcon interest and it's 50/50 ventures with Paltar - it is still a Bruner run stock/company and as such is a highly volatile/risky investment.

As best as I can search out, PHUN (SweetPea) has about $75 million in debt, has no news ever, and is subject to the whims of Bruner. If Falcon reaches a $2 level in the future, then PHUN could be worth up to 20 cents per share after the $75 million in debt has been paid off. Plus the Paltar investment could be worth something as well. However, Bruner can start selling off blocks of Falcon shares starting next August I believe, so there is no guarantee that there will be anything left for shareholders to capitalize on - when Falcon becomes a huge success!! At it's current trading level - PHUN is probably worth a small bet, but don't throw anything but play funds at PHUN as the risks are just too great IMHO.