I have covered Fitlife before in two articles where I advised investing in its equity as a safer alternative to betting on debt-laden GNC with whom it has a monopsony relationship. My thesis on GNC has proved more-or-less correct: GNC is staving off its hard bankruptcy by gradually converting its debt into equity at a great dilution to its shareholders. Fitlife, however, never failed to disappoint, going through its worst year ever: inventory write-offs, demand for money back for overpayment, and, finally, brutal inventory reduction, last two courtesy of GNC. Only a very strong balance