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Wednesday, March 18, 2015 9:42:30 AM
Creditors and investors will put money into the company when it adjusts, starting with changes to the management team.
The company is working on stronger ties and interdependencies with suppliers and customers, and that's what is keeping it alive. They want to help Musclepharm get back on it's feet, as they have good profit stream from it.
Even if it doesn't tell, it has been cutting head counts as it simply doesn't have the money to not be lean. It has given Musclepharm the opportunity to keep the most talented and loyal employees and get rid of those that are not, something that is brutal but can be very healthy.
The lavish executive salaries are the past, I'm quite sure anybody with large stock grants have no interest in asking for much right now, until the company gets financed.
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