Tuesday, March 29, 2022 2:55:37 PM
COGS is 100% before any expenses. Commission structure on ED is outrageous and based on gross profit before any expenses. MSLP is paying 18% to 200% APR and is upside down over $30m just taking AR and subtracting APayable. The lawsuits never end and neither do the legal expenses and settlements. MSLP suppliers are owed millions in past due invoices and can cut off MSLP again at any time.
No game changers on the horizon by even the most optimistic imaginations.
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