Muscle Pharm Corporation (MSLPQ)

[learning curve]

One could dissect each aspect, but in this situation that would be a waste of time.
Imo, nobody would pay more than 2 years earning potential in your scenario: rev drop to about $80-100m with a maxed out margin of of 40% = $80m valuation + assets ....

As mslp has more "problems" than assets other than its endorsers (of which some are liabilities as well)....
Look what happemed to fuse....amazing exit strategy exercised there by all parties