I would agree with with the general sentiment that there are a lot of scams in the supplement industry, and that most products fail to deliver on their promises. In this case, the real scam has been perpetrated by the author.
I'm one of the owners of Progenex and I wanted to give you the real info about why that post was made on Steroid Times. The author and owner of Steroid Times is Anthony Roberts (also known as Anthony Connors), a convicted felon who has spent time in prison and has a $6m+ judgment against him for stealing and selling confidential information from Dynamic Sports Nutrition, which is why he now lives in his mom's basement as a hired gun for people who want to attack companies like mine. And he continues that trend against Progenex by stealing our confidential information, and presents it in a misleading manor that I will elaborate on.
His website,
anthonyroberts.co.za, has been removed because of his affinity for destroying companies through fraudulent information and libel, and this post is no exception. His previous website,
blog.anthonyroberts.com, was also seized by federal marshals. Before his latest site was shut down he wrote 20 negative posts about Progenex in just 2 months - do you think he probably has an agenda?
He is now being subpoenaed for criminal libel and threats and investigated by police. He and Vince Andrich are part of a criminal ring led by Dr. Scott Connelly, that have been linked to hate crimes against jews, gays and others. They have made it their mission in life to spread false information about our company because Andrich and Connelly are being sued by Progenex for fraud and breach of contract, and Roberts is the outlet they've utilized to defame our company. There is even a website,
anthonyroberts.org, dedicated to exposing the truth about him, that he is a cyber-terrorist. You can also learn more about Anthony Roberts Connors here:
http://genxxl.com/gossip/anthony-roberts-cyber-terrorism-turns-criminal/With regards to the financial information that has been posted, Mr. Roberts has manipulated documents to show illogical conclusions in furthering his agenda. Mr. Roberts (or Connors) failed to include one huge cost that was not accounted for in those numbers - the cost of the protein, which is BY FAR the largest aspect of COGS. Since Mr. Roberts has spent his life trying to destroy companies instead of building them, he understandably has no concept of how to read an Income Statement, and the difference between cash and accrual accounting.
And finally, he's showing numbers from BEFORE we reformulated the products with a superior protein anyway, so he's trying to mislead everyone into believing false information, just as he always does. The previous formulation was based on what Dr. Scott Connelly had been selling while CEO & Director of Progenex, which Roberts has continually posted (again, incorrectly) was a superior product to what we are currently selling. What he's actually unwittingly done is allege that his current employer, Dr. Scott Connelly, had fraudulently sold inferior products for an exorbitant price while he was at the helm of Progenex during that time period.
For those who are skeptical about whether a premium product like Progenex is any better, please read this scientific paper to find out why it is superior to other proteins:
http://www.scribd.com/doc/44775562/PROGENEX-Recovery-Tech-ArticleIf anyone wants to contact me directly, I'd be happy to explain in more detail why our products are different from anything else on the market, which is why we can give a 100% money back guarantee when most companies in this industry don't.
Aaron