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Re: game7alcs post# 75008

Friday, 04/24/2015 11:45:56 AM

Friday, April 24, 2015 11:45:56 AM

Post# of 80868
You just bought old stale inventory that turns over very slowly. You admitted your first choices were out of stock and were forced to buy something you didn't want. Hope you didn't pay full price. MSLP was cut off by their supplier for non payment. MSLP had to borrow an emergency $4m and hocked 100% of the company's assets as a first step to possible reordering.

Now inventory is tight as a result. The supplier is not keen to produce too much and take on more risk with MSLP finances in dire straights. MSLP is now running down old inventory to the bottom for cash flow as they need to with no cash in bank right now.

Supplier is in limbo until MSLP sells old inventory for cash flow to pay the Account Payable to the supplier.

It's still too close to call on whether you will be able to take delivery of your first choice flavor in the next month or two. MSLP has going concern issues.