No surprise here. In fact, I predicted this. Those idiots at XELR8 thought they have something special in their Bazi product, but the asset at the XELR8 was clearly the distributors.
The company fired it’s distributors in January of 2010 and because XELR8 is a public company we know that revenues dropped by nearly half in the first quarter of 2010 vs. 2009. I suspect it’s going to get a lot worse…
Now the former CEO is fired err I mean “pursuing other business interests”:
XELR8 Holdings, Inc. announced that effective May 3, 2010, Sanford Greenberg, a member of the Board of Directors, has resigned from the Board to pursue other business interests, and for personal reasons.
Back story: Bazi Terminates Network Marketing Distributors
I remember reading about this at the start of the year. couldn’t believe that they would do something like that. What goes around comes around and it seems they are now getting what perhaps they deserve.