Replies to post #79978 on Muscle Pharm Corporation (MSLPQ)

[Madcowelixir]

codie, exactly. Haha

I would believe it is common knowledge now that Ryan is a deadbeat so any supplier not demanding terms of prepaid Cash on Order/Manufacture deserves to get shafted.

That is why it was necessary to sell of 60% of every receivable in Q3 at a 20% discount. MSLP is required cash up front for supplier purchase orders and doesn't have the legit cash flow necessary thus must borrow it from the subprime Debtor in Possession lenders and sold off almost ~$14m in Receivables in Q3 for $10.3m in cash from Prestige.