Thursday, October 19, 2017 3:46:00 PM
MSLP is basically just 2 products.
Combat Protein Powder makes up 35%-55% of total world-wide sales just in the Costco retail channel
Combat Crunch Protein Bars "made" up 35% of world-wide total sales until the Bakery Barn fiasco. We will hear in Q3 earnings release how far this will fall
Total domestic sales (USA) are now down to $14m a Q and trending below $50m a year for 2018 forecast.
With the Bakery Barn fiasco and massive customer rejection we have seen on retail sites (Top 50 list free-fall and customer review revolt), MSLP is toast.
CEO Brad covered the MSLP operating losses by greatly growing revenue that allowed sufficient cash flow to keep the doors open.
CEO Ryan has spiked sales down and now operating losses are only funded with the subprime secured loans on hard assets from Debtor in Possession Finance Companies like CrossRoads and Prestige that specialize in bankruptcy funding for liquidation.
As of the emergency CrossRoads secured loan on Inventory, there are no more assets left upon which to hock.
Everything is either been sold or pledged as collateral.
Amerop is not offering working capital. Amerop is only expressing interest in Ryan's options (controlling interest) as it sees it's $4.5m unsecured investment is just toilet paper.
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