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Saturday, September 13, 2014 4:06:32 PM
Read this passage from the most recent 10-k and compare year over year numbers. All MSLP products have shown nearly zero growth in 12 months with that channel partner. Other than new channel where is the growth? Unless bodybuilding.com has flatlined, then competition is taking market share from MSLP and that is not good.
Sales of products to Bodybuilding.com were $7,276,542 and $6,933,056, respectively, for the three months ended June 30, 2014 and 2013; and $15,499,998 and $14,953,845 for the six months ended June 30, 2014 and 2013, respectively. Bodybuilding.com owed the Company approximately $1,720,719 and $2,051,265 in trade receivables as of June 30, 2014 and December 31, 2013, respectively. The Company purchased marketing services from Bodybuilding.com during the three and six months ended June 30, 2014 in the amount of $338,877 and $688,885, respectively.
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=10129276-912-150085&type=sect&TabIndex=2&dcn=0001144204-14-046854&nav=1&src=Yahoo
Refer to Note 12 for the passage.
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