You can't just close one company and start another brand new since Phar was not declared bankrupt. If this was the case companies would do it everyday to create a new set of investors. Bankrupt companies can be purchased but Phar is not bankrupt.
You can create a new division and incorporate. My company is a joint venture of at least three big names. Since Howard owns most shares he is in the same boat as we are. I suspect he is trying to break people thinking of this company as the other one with a similar name.
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