The reason not one single thing will be gained from this PR that could have had a decent impact is such a stupid and ridiculous statement to be made by a CEO of a public company for potiential investors to see. Very backyard and unproffessional. A golden opportunity shot to ---- IMO
Blame, blame and more blame that others are the cause of the the complete meltdown of a company in a little over a year.
Howard should ask himself, why in the first 6months did PHAR not
secure financing. The board was so full of pump and praise you would have thought is was liquid gold.
The fake,misleading PRs were not authored by anyone on any message board. Those PRs went accross to hundreds of thousands of investors and firms to see and do their DD.
That IMO is what seriously affected the companies ability to gain any credibility at all to raise capitol, not a message board . The large money investors needed, most never go to a message board ,so this pr that was encouraged to HOWARD to be pro active and positive, much of it was wasted on blame, with not one single reference as to mishandling of operation, with changes being made so as to better handle the items on the horizon we are hoping for. What a wasted opportunity by not swallowing pride and accepting some responsibility for failures to this point.
The funding needed from investment firms/investors dont give a rats ass about whats on a message board when it comes to needed requirments to secure funding. For a CEO, the lead figure in a company to put this (what you posted) in a PR for all media to see will cause way more damage to opinions of Financial Institutions/investors with very deep pockets,, than any message board with a handful of investors sparring .
Until Howard realizes as CEO that the method of operation has and is a failure and not use the blame game, any PR will have little effect. IMO the whole business model and new MGT structure needs to be changed and the investors need to hear that kind of leadership coming from CEO of PHAR,, and are looking for that.
The issue of funding seems to be front and center ( as it should) but big Investors of Firms look at the CEO and examine what in the hell happened to the $285,000 + that should have got this company going. Why would anyone be jumping at an opportunity to give hundreds more or a million and with same business model and MGT style and philosophies running the business. Wont happen IMO
AI
