Phil is a fraud and a con-man, just like Joey. When he says they are doing everything they can to find capital, he's lying through his teeth. If he believed in this concept, he would put his money where his lying mouth is. He hasn't purchased one share. Every share he owns is payoff for perpetuating the illusion that he is involved in this company in some way other than collecting absorbent accounting fees for his private consulting firm ("corporate" expenses were $200k+ in the first qtr. alone). Instead, he is using his money to open his own restaurants.
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