Melinda Mallari – Applied Business Strategy

Where Do Recessions Come From?

The Federal Reserve Bank of St. Louis recently published two articles which happened to catch our interest. The first is with respect to the labor market. In one graph, the inflationary pressure we are experiencing is well displayed. The graph in essence shows the disparity, over time, between labor supply and demand at: “Are labor supply and labor demand out of balance? | FRED Blog (stlouisfed.org)”. The imbalance (workers required) stands at 4.7 million. It will be interesting to see how the interest rates are impacted as the Fed balances the recent banking crises and labor driven inflation. Also, we thought the overview of the business cycle was of interest as well All About the Business Cycle: Where Do Recessions Come From? | St. Louis Fed (stlouisfed.org).

Melinda Mallari2023-03-29T12:32:48-04:00March 31st, 2023|

Valuations for Assignments for the Benefit of Creditors

Applied Business Strategy of Cleveland (ABS) provides valuations in distressed situations. Recently, ABS completed valuation projects in connection with General Assignments for the Benefit of Creditors (ABCs) filed in the Court of Chancery of the State of Delaware. ABS determined the value of various assets, including accounts receivable, deposits, inventory, fixed assets, and software (for bonding purposes) in three separate matters involving a biotechnology start-up, video-conferencing company, and medical device manufacturer.

Melinda Mallari2023-03-06T15:07:11-05:00March 30th, 2023|

Tom Pratt Named Agent and Collateral Agent for Tradefull

Tom Pratt has recently been named Agent and Collateral Agent for Kasper Holdings LLC, dba Tradefull, involving two separate debt based capital raises. In his role, Mr. Pratt helped negotiate an inter-creditor agreement and acts as collateral agent for the Secured Creditors pursuant to the security documents.

Tradefull provides outsourced e-commerce solutions using proprietary technology and services to help e-commerce companies drive revenue, save money, and make logistics more streamlined and efficient.

Melinda Mallari2023-03-29T12:20:28-04:00March 29th, 2023|

Winning Expert Witness Testimony

Defendants in a commercial litigation matter enlisted Applied Business Strategy of Cleveland (ABS) and John Stark to assist in a response to Plaintiff allegations of breach of contract, fraud, unjust enrichment and other allegations, which resulted in alleged damages. ABS prepared a rebuttal report to assist counsel in providing questions and exhibits for deposition and cross-examination of the Plaintiff’s expert. The case went to trial. With John Stark’s testimony and presented evidence, ABS’s client prevailed, winning a defense verdict from the jury.

Melinda Mallari2023-03-06T15:08:09-05:00March 15th, 2023|

Forensic Analysis

A medical device and service company engaged John Stark and Applied Business Strategy of Cleveland (ABS) in connection with a shareholder dispute. ABS performed a forensic analysis, examining certain disbursements during periods before and after the sale of the company, and tracing receipts and distributions of the sale proceeds.

Melinda Mallari2023-03-29T12:38:04-04:00March 1st, 2023|

Protect Against Unauthorized Transactions

ABS recently completed a forensic investigation for a Cleveland based house of worship. The ABS forensic team uncovered numerous unauthorized transactions of a suspicious nature. Included in the transactions were several payments that had the appearance of self-dealing. Tom Pratt led the team of investigators and authored a report for the board of directors which included several recommendations for strengthening internal controls and processes to avoid similar transactions being conducted in the future.

Melinda Mallari2023-02-20T11:48:04-05:00February 20th, 2023|

Applied Business Strategy Retained as Chief Restructuring officer

Applied Business Strategy (“ABS”), retained as Chief Restructuring Officer in October 2021 for a large, privately held food contract manufacturer (“Company”) serving several large well-known consumer brands, such as Nestle and Hershey’s, is pleased to announce the successful restructuring of the Company.

In its role, ABS developed and implemented a comprehensive business model and turnaround plan focused on price increases, cost reduction and settlement of several large contingent obligations. The restructuring was completed without a bankruptcy filing in January 2023 by selling a majority interest in the Company.

Melinda Mallari2023-03-22T14:08:42-04:00January 20th, 2023|

Tom Pratt Retained by ExWorks Capital LLC

Tom Pratt has been retained as an independent and sole Director of ExWorks Capital LLC. The engagement arose from a multi-million dollar alleged fraud perpetrated by the former management team.

Mr. Pratt provided guidance and counsel through the Chapter 11 process, including full testimony in Delaware Bankruptcy Court in support of the Debtors reorganization, which was promptly approved by the court.

Mr. Pratt was retained to serve as Liquidating Trustee for the trust, created as part of the approved Plan, to manage the ongoing lititagetion agains the former management team.

Melinda Mallari2023-03-29T12:41:10-04:00December 20th, 2022|

Vomero Appointed to Board of Positive Education Program

Dean Vomero has been appointed to the Board of Directors of the Positive Education Program (“PEP”), one of Ohio’s largest non-profit agencies. PEP provides services – both direct and consultative in nature – for children with severe mental health and behavioral challenges, their families and the professionals who support them. PEP is committed to understanding and overcoming the significant trauma and chronic stress experience by many of the children served. Your donations to PEP are greatly appreciated @Donate-PositiveEducationProgram(pepcleve.org).

Melinda Mallari2023-01-30T15:34:56-05:00July 15th, 2022|

Vomero Serving on AIRA Planning Committee

Congratulations to Dean Vomero who will serve for his second year on the Association for Insolvency and Restructuring Advisors 39th Annual Bankruptcy & Restructuring Conference planning committee. This year’s conference will be held June 4th through the 10th in Newport Beach, CA.

Melinda Mallari2023-01-30T15:43:21-05:00March 5th, 2022|

About Melinda Mallari