Thursday, August 27, 2020 1:28:49 PM
Cost of Goods Sold alone now is 89% of Total Revenue. That has exploded!!!! That metric used to be in the 60s when Brad was CEO. That is before any SG&A expense. Just the cost of the protein bars for example. MSLP is supposed to be paying .90 cents to the maker of the bars that MSLP sells for $1. No wonder MSLP is not paying their suppliers again!
MSLP loses $1.5m cash a MONTH if you believe their rosy fake financials as I've said for years now. They admit to fraud in the 10-K. Think about that. MSLP loses $50,000 every day including Saturday and Sunday. These are real cash losses and not depreciation and other non-cash losses.
Now the biggest change is how the ASSET value has shrunk while the LIABILITY value has exploded.
MSLP only shows $1.5m cash and $4.7m in Inventory and 4.8m in Accounts Receivable. That's it folks. $11m in assets. And this was as of December 31, 2019 and things are way worse now as MSLP claims to be declining at -10% right now.
Accounts Payable alone is $31m and MSLP is being sued by their 2 biggest suppliers for non-payment of MILLION$$$$$.....AGAIN
Do the math. Everything liquid asset MSLP owns including Accounts Receivable is $11m and they owe their product suppliers $31m right now and owe the shylocks Million$ more.
MSLP is paying their shylock lenders 16% interest for hocking Inventory for cash to fund the power bill.
The other shylock has cut the available borrowings for selling Accounts Receivable from $12m to $3m as MSLP is drowning in Legal losses.
Look who else they owe!!!! How many more examples of this do we need to see again as MSLP has lost everyone of these lawsuits in the past.
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