Funny you should ask that question, Tsoprano1.

For those of you who subscribe to Kip's VRA, we should get an update on PHUN soon.

I wrote to him this morning (prior to seeing your message) asking him specifically about PHUN and his response was that he "will update via VRA soon, but essentially, they own a ton of Falcon stock (close to 10%) and they have additional Australian oil and gas properties of their own. The downside is the debt ... more than $45 million, albeit in mostly friendly hands."

Go the Bird.