Monday, August 16, 2021 6:53:51 PM
$8m in "shylock" borrowings this Q just to stay afloat and Assets declined by another -$3m. Prestige and Crossroads (the shylock lenders) now hold almost 100% of the value of the Asset side of the Accounting Balance Sheet!!!!!!!
There are now ZERO unattached Assets (hocked them all to the shylocks) left and over $30m of Accounts Payable still on the books!!!!!!!!!
No cash on hand. More fake accounting by not paying bills due before the Q2 cutoff in order to not show a negative balance. Stiffing more suppliers.
Want proof? Sales declined significantly and Accounts Payable went up significantly! Ponzi scheme 101
Revenue (Sales) continues to decline to new low despite Q1 and Q2 historically being the strongest Qs of the year.
Down another ~15% just this Q over last Q (not year over year but every 90 days declining!!!!!!)
The lawsuit against MSLP by White Winston is not going well for Ryan despite his fraudulent attempt to transfer 875K shares of treasury stock to a broker dealer for this fake window dressing trading unless he is using his own shares for this purpose to dupe unsophisticated fanboy investors.
At least Ryan was able to beg, borrow or steal enough capital to pay his severely delinquent property tax bill before they foreclosed on his personal residence. Ryan is continuing to use MSLP as his personal piggy bank at the expense of shareholders and suppliers.
Multimillion dollar annual salary and stock awards are surely earned by vitamin boy whose daddy's trust fund baby's only credit is "Pimp; A Story of My Life"
Not kidding....just look https://www.imdb.com/name/nm3573940/
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