MyPillow CEO Mike Lindell warned that his company was in danger of "collapsing" after American Express reduced his line of credit from $1 million to $100,000.
During a Thursday interview with conspiracy theorist Alex Jones, Lindell explained how his company had spiraled downward after retailers stopped selling his merchandise and Fox News made a "dirty deal" to settle a lawsuit with Dominion Voting Systems. Lindell is also facing a lawsuit from the voting machine company.
"When that happened, I had vendors get very nervous, and banks get very nervous about my bills," he recalled. "They're calling me up. I said, no, that doesn't even go into court 'til next year."
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Lindell said things got worse after American Express decreased his line of credit.
"Well, then when American Express did this two weeks ago, Alex, it's vendor after vendor I've had to meet with," he revealed. "They want to pull in their credit lines."
He said one vendor threatened to cut his terms from 120 days to 60 days.
"Instead of 120, you have 60 days where you're basically collapsing a whole company," Lindell complained. "So I've had to meet with each individual vendor and give them peace of mind saying, hey, we're here to stay."
"If you do this, you do collapse us like American Express is trying to do," he added. "And they — it was just, it's just [a] terrible, terrible attack."
Watch the video below from The Alex Jones Show or click the link right here.
