From the structure of PHL 293B and the physical properties of its ionizing cluster and based on results of hydrodynamic models, we point at the various events required to explain in detail the emission and absorption components seen in its optical spectrum. We ascribe the narrow and well centered emission lines, showing the low metallicity of the galaxy, to an HII region that spans through the main body of the galaxy. The broad emission line components are due to two off-centered supernova remnants evolving within the ionizing cluster volume and the absorption line profiles are due to a stationary cluster wind able to recombine at a close distance from the cluster surface as originally suggested by Silich et al. 2004. Our numerical models and analytical estimates confirm the ionized and neutral column density values and the inferred X-ray emission derived from the observations.