I forget its all moot whether they're broke or not since PHDalready defaulted on the property months ago. Its gotten so bad apparently their CFO up and quit a couple months ago and they forgot to tell anybody but just slipped it in the fine print of the MDA.
"e) Incur $500,000 in Property expenditures during each of five one-year lease extension lease periods ending May 24, 2021, 2022, 2023, 2024 and 2025, pursuant to the Second Amendment. For any given one-year lease period, the Company may pay Ellers US$25,000 in lieu of incurring the required expenditures. (As of December 31, 2023, the Company had not incurred the Property expenditures for the periods ended May 31, 2021 and 2022, and had not made the $25,000 payments in lieu.)
"In February 2024, Scott Davis resigned as Chief Financial Officer of the Company."