Thank you for posting more fraudulent MSLP results except at least now Ryan is telling you they are 100% not accurate.
The results you cite are padded by selling off of every salable asset including fixtures, shelving, warehouse equipment, office equipment because MSLP can't afford rent any longer and closed all their facilities, made fake inventory adjustments, created non-cash fake gains after losing several million$ in lawsuits by suppliers as Revenues continue to crash, and a plethora of additional fake gains and financial folly.
Of course this tidbit is deeply buried in the report for intelligent investors who don't just read the headlines or PR propaganda from dubious sources. Straight from the CEO's report
MSLP has NO Cash, NO Inventory and NO Accounts Receivable as they sold the AR at a 20% discount and hocked all the Inventory to Prestige and Crossroads and already spent all the money.
Yet MSLP owes and much of which is severely delinquent on over $40m to Suppliers, shylock lenders, past due accounts, Ad & Marketing Fees from deals that expired years ago and produce zero value today, IRS, etc...
Death Spiral as MSLP has closed up shop because although unsecured suppliers can be stiffed and Ponzi'ed, landlords evict and seize the assets (MSLP sold them all first before abandoning the premises).
MSLP has only stayed in business under CEO Ryan by committing fraud and larceny. They steal merchandise from suppliers, sell it, and then don't pay the supplier invoices for the product.
As soon as that tactic fails to work and they run out of manufacturing dupes, MSLP is done just like the Ponzi Scheme they are.
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