PHE & HUI — same circus, new clowns28 Nov 2025 19:18
HUI does a victory lap on another glossy Saudi-name-drop and rips north; PHE does its usual trick—down to 0.48 while the choir hums “world-class engineering” and “just a matter of time.” The cannabis cameo, the Howard musical chairs, and the Engsolve lifeboat (“totally separate, until it isn’t”) are the kind of plot twists you write when there’s no product to sell. Patents rain like confetti, FOAK is forever tomorrow, and every thread ends with “raise? who said raise?” right before the bucket gets passed. PHE still finds only believers. Patents aren’t contracts, “world-class engineering” isn’t revenue. If a raise is coming, just say it. Until there’s a signed order and cash in, it’s all noise.