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Another New Spring Football League


EJ_Barlik

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Here we go again....

http://mlfb.com/

MLFB_sig.png

HQ down in the Bradenton/Sarasota FL area.

Looks like Norfolk, Orlando, Eugene OR, Little Rock, Birmingham so far.....

SO do they ever play a down?

My 2 cents....the league logo is simple, but a bit bland......especially in only 2 colors (black/white, which seems to be their official logo). But then again, maybe they will re-color it in the team colors.....

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War Memorial Stadium in Little Rock is quickly starting to match Legion Field in its desperation to find football-playing tenants.

Presumably Jackson State's the only thing keeping Mississippi Veterans Memorial Stadium in Jackson from joining them.

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I love how they have football as one word in the wordmark, yet feel the need to give it two letters in the acronym. MLF would've been just fine.

Then they'd risk being called the MiLF league!

I wish I had the extra capital required to play around with money on these ventures. I assume it all ends up being a write-off, but dang!

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Their OTC stock is worth just 38 cents per share.

Their latest Security and Exchange Commission filing has them drowning in debt and no revenue.

http://biz.yahoo.com/e/150313/mlfb10-q.html

"As reflected in the accompanying unaudited financial statements, the Company had minimal revenues, and a net loss and net cash used in operating activities of $2,022,251 and $437,001 respectively, for the nine months ended January 31, 2015. Additionally, at January 31, 2015, the Company has minimal cash and has a working capital deficit of $1,009,857, an accumulated deficiency of $12,801,141 and a stockholders' deficiency of $1,008,757, which could have a material impact on the Company's financial condition and operations. As a result of the significant working capital deficit at January 31, 2015, the Company does not have sufficient cash resources or current assets to pay its obligations."

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Any time I see "A new spring league" I look in here to see what logos they come up with. Mainly because within 6 weeks I'll see them all over Madden 08 mods and that's the only way they'll ever see the field.

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