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Thursday, March 19, 2015 9:01:35 AM
This was stated March 16....so, I would assume that Musclepharm sold for more than $35 million thus far...meaning that $40-50 million is what we should expect.
With probably 40-50 person layoff following credit facility obtained in February and consolidation of manufacturing...which I'm sure the bank asked for...Musclepharm should get back to even.
Product development costs are going to decline this year, and more than likely Tiger Woods is going to retire from PGA tour...which he already has done really....making it possible for Musclepharm to terminate that deal.
So, costs are declining from being more effective.
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