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Re: codie post# 73760

Thursday, 03/19/2015 6:26:01 PM

Thursday, March 19, 2015 6:26:01 PM

Post# of 80868
Payment terms are important, a large size of account payable allows a business to borrow cash for cheap for current bills....which is good when you sell a lot like Musclepharm, and have lots of payroll, endorsement payments, etc.

Same thing with up front payment from clients....that's a good thing when times get tough...

Musclepharm has no other choice than running lean and I'm quite certain that it has cut head count with 50 people or so this quarter....

Musclepharm got some close relations with suppliers and clients, and that's very important to us. Furthermore, it needs to cut away, any unnecessary expense....even if it receives lots of payments all the time, because with payments come expenses....and so far, the expenses have been greater than the payments.