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Thoughts on 8-k? Good?
Thats funny!!!
I will put in a sell order for 700k at .12 if you want.
Shipping from the manufacturer doesn't mean that they don't own it....it means they are shipping it from the manufacturer. They would still own the inventory and it should be on the books. Also, sales make many of the issues you listed go away...except the obvious of the people running the company. Companies live and die on the ability of their operations team to perform and I feel that if they are not able to supply the demand it will cause many issues and eventually sink the company if they cant fix the problem. Simply my opinion!
If sales are 6 million a month and cogs are 3 million of the 6 million sold ( round numbers) I would say 3 million in inventory so that they have a min of 4 weeks of supply on the floor.
It is not a positive to have 18 million in sales and $200k in inventory! It will only cause service levels to be crap and lots of missed sales to the retailer and in turn the end customer!
Not sure I agree. Even if warehousing and manufacturing are outsourced the finished goods inventory should still be on mslp books. Correct? This is how every company I have worked for has reported inventory....we also outsourced warehouse and manufacturing.
Just over $200k in inventory will not get them very far! I would guess that they did not have an ops team strong enough to support the growth they are seeing. That alone could sink a company!
Inventory
Did anyone notice that inventory Listed under assets on the 10-q is only $219k.... Anyone else find that strange??? Am I looking at this correct? Maybe demand is outpacing production??
MSLP must file by Tuesday or they will be late...AGAIN!
It looks like they gave back 25% of shares awarded and 20% of cash bonus...rough estimate.
What was the original number of shares between the 3 of them?
Wonder if moneypharm will sponsor anything or anyone to do with the olypics???
Was this always in the 10q....it explains the royalty they receive on apparel that everyone has been arguing about.
Licensing Income and Royalty Revenue
On May 5, 2011, the Company granted an exclusive indefinite term license to a third party for $250,000. The licensee may market, manufacture, design and sell the Company’s existing apparel line. The licensee will pay the Company a 10% net royalty based on its net income at the end of each fiscal year. To date, no royalty revenue has been earned.
4 million in EBITA in last 6 month is estimate... That would be huge!!!
mslpE!!! Sweet, I always liked the letter E.
I wish ihub had a like button!
Did anyone ever take notice to the 25 million shares that were sold by investors as part of a planned sale during a 3 day period at the end of march? I noticed it on cnbc.com
Can someone provide insight on this? Thanks! This was around the same time the price jumped to .035...could mslp have been paying pumpers in order to help investors move shares on the open market?
MSLP is the one running the discount and paying for the promotion...GNC does not pay for the mark down in price!
It goes to the next business day
Wasn't me...look back a few messages.
No...again, I have sold a number of products to walmart with a number of companies and never sold on consignment. Walmart is one of the best retailers a vendor can work with.
I have never seem this and have sold plenty of products to walmart...
That's a lot of walmarts!
Tomorrow...
No, if it lands on the weekend they can submit the following business day!
I think we end up today due to the fact that management now seems to know what they are doing and taking action to correct past mistakes...anyone agree?
Understood but the only really it shows 5-23-12 is because they filed 5-23 last year. It 5 days from 5-15...just not sure if it is business or calendar which would be the difference between monday and Tuesday!
The 23rd is based on last year...has nothing to do with this year. You will see results by Tuesday the latest.
Yes because the 15th was a Sunday which means it was due the 16th...5 more business days take you to the 23rd!!!
From sec site below...
Companies may request a filing extension for their Form 10-Q's and 10-K's by submitting Form 12b-25 via the EDGAR system. By filing this form, a filer may gain up to 5 additional days to file Form 10-Q or 15 days to file Form 10-K. Companies have up to 24 hours after the original filing deadline to file Form 12b-25.
It should be...it's in the sec guidelines for any late 10q filing
It should be Monday or Tuesday at the latest...5 days from due date. Just not sure if it is calendar or business days.
Why would u think that? I don't see that as possible
Ok... So it looks like they didn't know how to categorize their finances. On a positive note it looks like they now have people on board that are pointing the management team in the right direction.
My guess is we have a late filling and a 10q after the bell today!
I know I currently dislike MSLP but the stock is holding strong considering it didn't file last night.
I think i would trust the SEC website over bloomberg news.
I think it 10pm tonight to file for extension...then it 5 days from last 10pm last night that they have to file which should be Monday. This is how I take what I have read.
They have 24 hours to let us know they will be late reporting. MSLP is getting very frustrating!