I read his statement and to me it says alot. Some say it was only to facilitate the dual listing. I disagree as if that was the case the CEO would have stated that, period. But he talked about hurdles and restructuring so I believe what I have below is more accurate based on Mr Shenher's own comments. Anyway, I have asked IBA to comment on this as it seems they are no longer involved in PR's from the company, just look at the last couple, IBA is not listed as IR firm(?) Look at Phoenix Alliance realm of expertise. From their website under Management Consulting page: (I highlighted a few key words, phrases)
We have the ability to put together a cross-disciplinary team that includes both, operational and financial executives experienced in crisis management, turnaround management, restructuring and insolvency. We bring integrity, experience and leadership to a distressed business. Our team of consultants can work as advisors to management by providing recommendations and counsel, or get involved in the day-to-day operations. Either way, our goal remains the same: helping to develop and implement a plan to stabilize your company.
Phoenix Alliance Corp. provides the leadership and direction to quickly assess the situation, analyze cash flow, stabilize operations, communicate with equity holders to build consensus, and address the work environment and morale of employees. Our team of professionals will meet with creditors, vendors, banks and lenders to re-establish the creditability and trust necessary to negotiate additional time, implement a recovery strategy, and fully explore all corporate options.
We assist companies with their corporate and financial development in all aspects as they become successful businesses. Phoenix Alliance Corp.'s team can help develop the plan, define the strategy and tactics, and assist in the implementation and execution so our clients will reach their corporate goals and increase shareholder value.
As former operating executives, we understand the practical aspects of how to get things done in an organization. Our hands on mentality and skill in driving a company’s social architecture to change are our hallmarks!
If you are dissatisfied with your company's performance, please contact us for more information on our Management Consulting services.
