Strategy to pull through

anonymous

Guest
First of all I like to reassure the employees that we are not shutting the doors in the near future. Your continued hard work on a daily basis is very much appreciated. Since we are a publicly traded company, I must be careful in what information gets shared.

As you know, we have been attempting to find a strategic partner or buyer since February. Although several opportunities have not panned out, we will continue to explore this option in the future as a possible solution. In the mean time, our main focus is on improving operations and sales to improve our financial situation. Including meeting our debt obligations to our creditors.

For those of you indicating that we are in a financial cash dire situation. I will not lie and say that at the current state, our cash on hand is very good. As it is not. However, we have options to raise needed cash through a future stock purchase offering to the general public, as well as debt restructuring and financing.

So the doors are not shutting as rumors are speculating. We will continue to explore the above options to raise needed cash as we as a team improve our financial situation to make us look attractive enough to draw real interest from a strategic partner or buyer.
 






I can tell you are a fake... raise money thru public offering when this pos stick is trading at $0.50 no one wants this pos. Go back an's try to get am editing job. A sale or merger is the only salvation for this pos company
 






How about you have a meeting with the employeesame and tell them what is going on. So cafe pharmacy is how you communicate with employees at pernix. No wonder it is so fup. Try again liar pos
 






Actually there are a whole bunch of individuals over at StockTwits that believe in this company. That it is a good investment to buy the stock as the company is about to be sold shortly or that Superman CEO Sedor will turn the sales around and make company profitable when Q2 financial results are announced.
 












Once again, as a member of upper management, I cannot discuss the Zika virus trials at this time due to regulations of the Securities and Exchange Commission.
But please stay tuned. If you'd like to donate to PTX and ensure our survival, please feel free to send your tax-deductible donation to:
27403 East H Ave NW
Watford City, ND 58854
 






Actually this strategy is not as far fetch as most of you are commenting on. It probably is the most accurate to what is really happening. Think about it for a second.....

1.) Company has been for sale since February as publically stated. Why no buyers if they have all of these great patented drugs. For one it is the low sales that these drugs are bringing in - thus poor financials (revenue). Revenue that cannot offset the 300M in debt Pernix has. So it makes sense that any potential buyer would want to see several quarters of positive financials before taking on this debt by buying out Pernix.

2.) While the company tries to get itself back on track financially over the next few quarters, it will need more cash to survive and pay off creditors (debt). One of the best ways to do this is to sell more shares of its stocks. (Yes penny stocks can make additional stock offering). This would give company needed cash (but of course would dilute the market place and effect stock price downward). But may this is what Morgan Stanley and other large investors(Tutes) who are exiting already know. Maybe this is the reason why stock price is under .50 cents (is an upcoming dilution of shares already priced into this stock).

So before people laugh at his or her post. It does make more sense than most of the posts on here or Stock Twits.
 






Actually this strategy is not as far fetch as most of you are commenting on. It probably is the most accurate to what is really happening. Think about it for a second.....

1.) Company has been for sale since February as publically stated. Why no buyers if they have all of these great patented drugs. For one it is the low sales that these drugs are bringing in - thus poor financials (revenue). Revenue that cannot offset the 300M in debt Pernix has. So it makes sense that any potential buyer would want to see several quarters of positive financials before taking on this debt by buying out Pernix.

2.) While the company tries to get itself back on track financially over the next few quarters, it will need more cash to survive and pay off creditors (debt). One of the best ways to do this is to sell more shares of its stocks. (Yes penny stocks can make additional stock offering). This would give company needed cash (but of course would dilute the market place and effect stock price downward). But may this is what Morgan Stanley and other large investors(Tutes) who are exiting already know. Maybe this is the reason why stock price is under .50 cents (is an upcoming dilution of shares already priced into this stock).

So before people laugh at his or her post. It does make more sense than most of the posts on here or Stock Twits.

No intelligent "tute" (as you say) is going to purchase stock in a company that is headed towards bankruptcy. The increase in cash (which would dilute shareholders immensely as this is now a penny stock BTW) does not structurally change anything. It would perhaps allow the company to survive for a few more months...just delaying the inevitable. This is a company with declining sales, burning cash at a very fast rate. No amount of cash will change that.

I don't know whether it's poor products, poor salesforce, or poor strategic decisions by management. I do know that the business just does not work...and these businesses invariably file for bankruptcy, my friend...it's over...just accept it and move on. Hopefully these employees (and investors) are in a safe financial situation