Ann: 1st patient treated in ADVENT-AML Phase 1b clinical trial, page-56

"I believe the science of both companies are good, just can’t but feel that each CR paul does he sells down his own companies , the last one RAD did was an utter shocker, and given I participated in the 13c CR they blew through 40m aud in no time."

This is the important point.
(Almost) no one is criticizing the science here; almost everyone is critical of PH and his screwup of finances and his apparent inability to sell the tech to investors or partners.
All his three companies CHM IMU and RAD are in the doghouse; this can't be a coincidence.