Max Muscle to be purchased by VenturePharma
by Anthony Roberts
I had formerly thought that the stupidest people in the nutritional industry* were the frauds running Progenex. I revised my opinion upon realizing that the stupidest people in the industry were actually the morons (investors) funding VenturePharma, the financial arm of Progenex.
It appears that Progenex, a company who can barely afford their month to month expenses, have actually sent out a financial prospectus that tells their investors all about their impending purchase of the entire Max Muscle franchise. Essentially, a small-time company selling an overpriced bag of whey protein, who is failing to turn a profit, is telling their investors all about how they???re poised to acquire a profitable, multi-franchise nutritional outlet. I can???t believe how stupid these investors must be (*or alternately, how stupid the executives at Progenex assume them to be).
Of course, when I contacted highly-placed executives from Max Muscle, they said they had a few meetings with Progenex, a year ago, and nothing ever materialized. But even though Max Muscle???s executive officers think nothing materialized, that didn???t stop Progenex and VenturePharma from sending out information to their investors, claiming the deal was currently in the works. This is, of course, a complete lie, according to Max Muscle, and there was never any realistic chance of this happening.
And, of course, if the investors believed that a company (Progenex) who can???t even repay them for the initial investment, and are trying to squeeze them for an additional $200k, is in a position to purchase another brand, then they???re stupid enough to believe that Darren Meade and co. are competent enough to run a nutritional company.
source
by Anthony Roberts
I had formerly thought that the stupidest people in the nutritional industry* were the frauds running Progenex. I revised my opinion upon realizing that the stupidest people in the industry were actually the morons (investors) funding VenturePharma, the financial arm of Progenex.
It appears that Progenex, a company who can barely afford their month to month expenses, have actually sent out a financial prospectus that tells their investors all about their impending purchase of the entire Max Muscle franchise. Essentially, a small-time company selling an overpriced bag of whey protein, who is failing to turn a profit, is telling their investors all about how they???re poised to acquire a profitable, multi-franchise nutritional outlet. I can???t believe how stupid these investors must be (*or alternately, how stupid the executives at Progenex assume them to be).
Of course, when I contacted highly-placed executives from Max Muscle, they said they had a few meetings with Progenex, a year ago, and nothing ever materialized. But even though Max Muscle???s executive officers think nothing materialized, that didn???t stop Progenex and VenturePharma from sending out information to their investors, claiming the deal was currently in the works. This is, of course, a complete lie, according to Max Muscle, and there was never any realistic chance of this happening.
And, of course, if the investors believed that a company (Progenex) who can???t even repay them for the initial investment, and are trying to squeeze them for an additional $200k, is in a position to purchase another brand, then they???re stupid enough to believe that Darren Meade and co. are competent enough to run a nutritional company.
source
