Muscle Pharm Corporation (MSLPQ)

[newmex]

With or without the $32m in sales MSLP reported that were never paid for to Capstone?

With or without the $20m in accrued liabilities to other Accounts Payable?

I don't know how a reasonable person can lend credence to the ($6.6m) in reported Q1 cash losses reported as "adjusted losses".

I have a challenge for you.

Take (Accounts Receivable + Cash + Inventory) and then subtract (Accounts Payable + Accrued liabilities + Debt to Ryan & Prestige)

The difference (math term) is over ($30m) shortfall that is all due today except $6m Ryan note due Jan '17. That means MSLP owes $24m more than it has in liquid assets that is due immediately (most of it severely delinquent since 2015) as of March 31, 2016. Any wonder that current suppliers are demanding prepayment for product? Supply chain issues Ryan calls it.

No surprise that Ryan is floating Capstone to keep the doors open