On Jan. 24th they stated, "The Company today also announced that David Becker will resign his position as Chief Financial Officer, due to personal reasons, effective March 31, 2013. The Company has started a search to identify a new Chief Financial Officer. Upon naming a successor, Mr. Becker will serve the Company as a consultant in several areas, including manufacturing, over-the-counter products, and business development."
The issue is probably not so much about PTX looking as it is about someone actually being willing to take the job. Note that the share price free-fall began just about a week after they announced Becker's resignation. Methinks Becker saw something in the tea leaves he didn't like. Any CFO worth his body fat would run - not walk - away from a situation like this. You've got a turnaround situation with a strong-willed, immature, inexperienced CEO and a thin board of directors. Try selling that if you're the headhunter assigned to the account. This has shareholder suit written all over it.