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Alias Born 03/02/2021

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Tuesday, 03/02/2021 12:36:50 PM

Tuesday, March 02, 2021 12:36:50 PM

Post# of 6492
PHBI quarterly filing detail ... I'm invested so I've got stake ... but the CEO needs to go - or stay on in R&D capacity only. "We expect to continue to incur losses for at least the next 12 months. We do not expect to generate revenue that is sufficient to cover our expenses, and we do not have sufficient cash and cash equivalents to execute our plan of operations for at least the next twelve months. We will need to obtain additional financing, through equity security sales, debt instruments and private financing, to conduct our day-to-day operations, and to fully execute our business plan. We plan to raise the capital necessary to fund our business through the sale of equity securities, debt instruments or private financing. These factors raise substantial doubt upon the Company’s ability to continue."