Monday, April 27, 2015 1:14:47 PM
The fact is MSLP has been cut off by their contract manufacturer for non payment as cash flow can't cover the bills.
The fact is MSLP revenue has declined 40% since Q1 and is now producing declining Year over Year comps.
The fact is SGA expenses have grown from $12m a quarter to $19m a quarter despite revenue decline of 40% during the that comparison period.
MSLP has no cash on hand after borrowing $12m to cover negative cash flow the past 2 quarters including and emergency $4m loan that encumbered 100% of the company's assets as collateral.
MSLP has serious and immediate going concern issues
All FACT
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