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Re: Snizzle post# 20335

Thursday, 12/29/2011 7:54:32 AM

Thursday, December 29, 2011 7:54:32 AM

Post# of 94789
Sorry, I disagree.

Everything we have put together here in the past, we have done together and it has taken a lot of people with a lot of different perspectives and a lot of searching - not just one of us. And if I was such a genius, I wouldn't have lost as much money as I have.

I don't know any verifiable information which has changed too much...but when one starts listing events the sum does not total up properly.

1. 4/26: PharmStar entered into a contract to purchase the building - I have not read where the deal has been closed.
http://ih.advfn.com/p.php?pid=nmona&article=47421902

announced today that it has reached an agreement in principle to purchase a 24,000 square foot manufacturing facility located on three (3) acres near a pharmaceutical industrial park in Wilson, NC. As previously announced, the Company put together an evaluation team to determine the feasibility of moving to Wilson, and had entered negotiations to produce an equitable agreement as of last week.


2. We heard about the 20-City Tour in June, now a couple cities are scheduled in January.
http://ih.advfn.com/p.php?pid=nmona&article=50506899
It will take 8 weeks to get to 4 cities. How many successive weeks will it take to get to the others?

3. 10/20: A distribution agreement was signed and preferred shares were at least inferred to be sold. We have not heard an update on that since - how many were sold, how many have yet to be sold?
http://ih.advfn.com/p.php?pid=nmona&article=49611119

AMS is also making a direct investment in PharmStar through its Preferred D offering to further the Company's goals of meeting its production deadlines.


4. 10/18: Share Reduction announced. It became effective immediately, but has not been official yet the last time I checked with the Delaware SOS.
http://ih.advfn.com/p.php?pid=nmona&article=49562427

PharmStar Pharmaceuticals, Inc., (PINKSHEETS: PHAR) (the "Company") today announced that its management and Board of Directors have directed a "rollback" of certain large blocks of shares of PharmStar Pharmaceuticals common stock held by management. This "rollback" was effective as of today.

The "rollback" means that the Company's Chairman and CEO, Howard Phykitt, has canceled and returned 535 million shares of his total holdings of the common stock of PharmStar Pharmaceuticals to the Company's treasury.


My opinion (can't verify it) has been for some time that PHAR has been in a financial struggle. I don't question Mr. Phykitt's determination, his dream or his devotion to getting this product to market. Everything I have discovered about him verifies that he is the real deal.

But even the best ideas and products don't always make it to production, onto the market or even succeed on the market for many business reasons. I'm still pulling hard for him and PHAR, but I think the company is at a very serious fork in the road right now.

I am very proud and thankful of all the research we have done together here and have tried to give everyone the benefit of the doubt, whether positive or negative. My position is and will always be that substance should convince someone what are good choices to make with their money - not whether someone posts in an overly optimistic manner or whether they intentionally post negatively. I have always thought PHAR was above pum*ing or bas*ing. I am distrustful of most posters who very freely tell others what they should do with their money. I immediately question their motives. I have enough problems deciding what I should do with my own money, let alone try to bear responsibility of the decisions others should make with theirs.

All The Best & Go PHAR