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Re: None

Thursday, 05/24/2012 3:48:25 PM

Thursday, May 24, 2012 3:48:25 PM

Post# of 80868
A few bright spots would include the repayment in $3.3m in debt, the satisfying of $4.7m in executive compensation, I assume this is prior year compensation and a small reduction in the shares outstanding. If second quarter sales equaled the first quarter, the cah flow positive will be dramatical higher. If the sales numbers are much higher than the first quarter MSLP should have a $10m to $15m cash on hand at second quarter end. This would be a major improvement allowing for less outside $ needs and less of a need to increase the shares outstanding to fund day to day operations. If the $4.3m in sales carried forward to the second quarter is legit this would also help improve the positive cash flow in hand. This could mean the third quarter moving forward would have drastically improved results and the bal sheet would start improving from its train wreck present status.jmho