zzzzzzzzzzz

My guess is inventory never existed and it was simply an accounting fiction to pretend they weren't losing their arse as badly as they were (and likely to fluff the valuation when making a deal). Impossible to have nearly 75% of your inventory go missing and the owner simply shrugs her shoulders when questioned about it. I notice their Australia MH business declared BK last year. The US business will surely follow sooner than later.

I'm curious how he could convince banksters to lend him $750K to build out his stores with an unproven product and his complete lack of experience? The guy looks like a goon working for the mafia. And he clearly knows nothing about running a business, nor anything about tea. So how was he able to con people into lending him the $? Mystifying.