10% Net == 0... zilch... nada..... it is the same deal as 5% Net.... zilch... zero... nada. They might throw in a few pennies it make look ok, but lets be realistic about it. This is not even close to a good deal. The 250k COULD be argued if the doors were going to close (and I doubt they were)- not 10% NET, as they might as well had just handed over the keys... same thing.
You say 10% is not that bad of a deal, but it is. 10% Net is terrible. I would give them 30% Net and I bet I could be up and running in just under 6 months (it took drew a while too).
Beyond that... at the rate they were spending money in May 2011, I just have serious doubts that they were on the bring of locking the doors. There is a green lambo and ridiculous gym that support my claim. Perhaps they could have done without the theater or the murals.
It has been discussed here at length by many people, including yourself, about how Bluher and Davis were brought in to help gain fiscal credibility and get their books in order. Why? Was it because they used to be really good at finances, but just need more brainpower in the finance department to supplement the fiscal think tank that is MSLP?
Instead of the apparel deal being some great intended master plan, could it be that they were just financial morons? Perhaps they are fiscal idiots? Possibly the thought of 250 large had visions of strip clubs and balling with the broskies running through their heads. It could be that they just suck with money. May be it was just a terrible, stupid, bad deal.
Whatever it is... it is a done deal... and they still have not really disclosed much of this - or if it is even Musclepharm Sportswear that we are talking about - as they have been less than forthright about the relationship since we discovered it on this board.
