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Monday, March 30, 2020 10:21:25 AM
What fundamentals? Please expound.
MSLP owes over $30m to shylock vendors who hold all the inventory and Accounts Receivable as collateral. MSLP just lost another lawsuit to Thermo Life for $1.7m and has exhausted all appeals. Final judgement was awarded in November. There are still 2 pending lawsuits exposing MSLP to millions in judgements.
MSLP hasn't filed any financials in almost 2 years but were losing massive money on revenue 2 years ago. Margins were already crap and MSLP has converted to the majority of sales in the Amazon and Costco channel over the past 2 years which are huge net losers.
MSLP has no assets. They are all pledged as collateral to shylock lenders charging 20% interest.
Ryan has pulled less cash than you think out of MSLP has he converted the $18m debt he personally injected in all those scams against vendors into stock at over $1 a share.
His history is full of losing his trust funds given by his daddy Halbert. He lost everything in Quicksilver and Bebe Sport.
You Jumping in with both feet on a stock that trades as pennies on basically no volume where total trading value is not even $10 most days make no logical sense unless your trading account is only $40 and you buy 100% the days shares every day for 6 months.
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