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Re: deafelephant post# 78385

Tuesday, 04/19/2016 12:43:54 PM

Tuesday, April 19, 2016 12:43:54 PM

Post# of 80866
Settlement or not, $MSLP doesn't have the money to deal with these issues. Take a look at the balance sheet for DEC 2015.

Cash - 7 Million
A/R - 22 Million
Inventory - 12 Million

A/P - 52 Million

You do the math. All their cash, fully collecting A/R and selling every single item in inventory still wouldn't be enough to cover their A/P balance. Any other extraordinary expense, such as a lawsuit, could be the final nail in the coffin.