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So contradictory to what you’re claiming...you’re going to be here until the “9th inning”
Save yourself shortie...everyone here knows what we’re in for. We’ve been here far longer than your late 2017 appearance when Goldbond was banned.
Your “wisdom” as you call it or what is better be described as “rants of desperation” are viewed just a pathetic as the counter claims from us “fan boys” except we aren’t echoing the same horsecrap over and over and over!
I hope this pans out for you, because I fear as much time as you spend on this board and Seeking Alpha you had to have bet your house and most likely your kids college funds on this short position. You need this WAY more than I do so good luck to you! Try diversifying...I read that somewhere.
Only 5 trading sessions remain....
until CEO Ryan's $17m convertible note maturity date expiration.
Will we see default?
Will we see conversion?
Will we see more extend and pretend?
Feel free to "go on the record"......
uh......
to cash out. I can't redeem my position until I cover and I'm not covering until $0.0xxx
Like those sports book trips to Vegas, I have to wait until the final whistle to walk to the ticket writer window and redeem my winnings.
But I continue to share my wisdom with the less fortunate as a way of giving back while I wait.
If you’re not an interested fanboy...or interested at all in the “9th inning”....then answer this extremely simple question...
WHY ARE YOU HERE?!?!?!??
Interesting only if you're a fanboy.
MusclePharm is bankrupt. Product rejection, operating losses and cash burn has accelerated. So has debt as any hard asset has now been borrowed against. Revenues are crashing. Ponzi is over.
Amerop has no intention of making a legitimate offer that has the possibility of closing as any idiot who performs due diligence sees bankruptcy.
MusclePharm's $17m convertible due in 7 days is only part of the massive debt at junk interest. Prestige 20%, CrossRoads 18%, Man City settlement 15%, etc.....
It might be interesting to you fanboys to watch all 9 innings, but it's a blowout and the outcome has already been determined.
Arbitrage guys are not ignoring a legit 90% spread on todays closing and Amerop's fake interest @ $1.98; they know it's fantasy island........da plane, da plane, boss..........
Merry Xmas S777 while you wait until the 12/25/2017 expiration of the Wynnefield/Drexler standstill agreement. It will be a lump of coal.
This is all happening for a reason and the wording used in these filings is very specific. Its not coincidence that “fiduciary duty” is stated within the filing. We now have two major shareholders that have publicly stated their concerns regarding the financing. Two major shareholders that have much more at stake than anyone on this board. Yes even you Madcowelixir/Goldbondstein. This is about to get very interesting between now and Christmas.
Old news just released today.
Wynnefield "finally" admitted they were in cahoots with Drexler and have a standstill agreement that forbids them from criticizing or negotiating against Drexler until 12/25/2017
Of course if you read Goldberg-Stein in real time for the past two years here and on Seeking Alpha, you knew this already.
https://www.sec.gov/Archives/edgar/data/1251565/000114420417055538/tv478135_sc13da.htm
It's only obvious if it is. But is it?
So now that we have that out of the way....
What's the final destination preferred amongst the parties involved?
What is potentially salvageable if the debt were eliminated in a consummated offer?
To me, it appears; mslp/Drexel doesn't want to give massive ownership up for ~ $23m; while simultaneously all other parties would prefer drexler maintains his legal preemptive obligations via an LLC.
I'd like to hear from you..., but others may contribute (i would advise minimal knowledge/research on the protections/limitations an LLC provide/lack there of)
Sounds fitting to me. You?
@idee
Read "Flash Boys" and see how it's done every second of every trading day all under the guise of "we provide liquidity"
https://www.amazon.com/Flash-Boys-Wall-Street-Revolt/dp/0393351599
Pardon my ignorance but...
I guess I don't understand how this manipulation is legal?
Ryan gets beat up all weekend so he can alleviate the guilt of being MSLP dumba$$ #1 Trust Fund baby.. Congrats bro!! Clearly getting beat up in a meaningless old man tournament is more important than shareholders interests according the CEO of MP. Read the highlighted portion. Look at the priority as it's all about his feelings of being a loser.
Meanwhile revenues continue to crash.
What happened to Combat Protein Powder, Assault, BCAA et al the former best selling MP products?
Here is the last remaining MP product on the bb.com T50 list
#47 and falling
Here are the final two MP products (both very minor sellers of the MP line) on the M&S.com T50 list
#39 and #42
Couldn't be simpler.
MP The Athlete's Company
What are the two MSLP Bro's up to as the company revenues continue to crash and Combat Crunch sales fall off a cliff?
Well MP #2 and former Drex college roommate is busy in Beverly Hills. His daughter is obviously using the MP Weight Gainer during her bulking phase.
MP #1 is busy posting pics of his food this weekend and "competing" in the Senior III Division Heavyweight in Long Beach. Good news is he finished 3rd out of 3 in his division. His bros are breaking the internet with emoji High Fives!
Meanwhile...In Denver CO......(crickets)
On October 20, 2017, the Special Committee of the Board of the Issuer declined Amerop’s proposal to acquire $18 million of newly issued shares of Issuer Common Stock at a price of $1.96 per share and on the terms set forth in the term sheet that Amerop submitted to the Special Committee on October 17, 2017
Nice try, but you're clearly lacking in legal skills. Or maybe just comprehension. The term sheet was not the offer. However, the terms of the offer were as set forth in the term sheet.
Black's Law Dictionary: Offer - To bring to or before; to present for acceptance or rejection; to hold out or proffer; to make a proposal to; to exhibit something that may be taken or received or not. Morrison v. Springer, 15 Iowa, 340; Vincent v. Woodland Oil Co., 105 Pa. 402, 30 Atl. 991; People v. Ah Fook, 62 Cal. 494. 2. To attempt or endeavor; to make an effort to effect some object; in this sense used principally in criminal law. Com. v. Harris, 1 Beg. Gaz. R. (Pa.) 457...
Buck: "On October 20, 2017, the Special Committee of the Board of the Issuer declined Amerop’s proposal to acquire $18 million of newly issued shares of Issuer Common Stock at a price of $1.96 per share and on the terms set forth in the term sheet that Amerop submitted to the Special Committee on October 17, 2017...
See, it doesn't matter what the language in the form 13 says. If you make an offer on your neighbor's house, then publish an ad in the paper stating that you "expressed interest" in that house, the fact remains that you made an offer.
As for the disclaimed fiduciary duty, read the statement that you so carefully cut and pasted:
"and (ii) does not create a binding obligation(including any duty to negotiate), fiduciary relationship or joint venture between the parties"
Note: those last three words are key. Nowhere does it state or imply that the board may abrogate its fiduciary duty to the shareholders.
Yes, Buck wants to recover his investment. However, no matter how many misleading statements are made on this board (and others), everyone paying attention understands that the intent is not to acquire shares in the open market, it is to get the company to pay off the outstanding notes with the proceeds of a stock acquisition.
Huh?
Some cheerleaders don't know what constitutes an offer.
I can "express interest" in my neighbor's house for 10X market value but that doesn't constitute an offer nor does it drive up the price in the bank's appraiser's books as a legitimate "comp" (comparison).
Neither did Amerop's that clearly states "does not create a fiduciary relationship" because there is no legal offer.
So the BOD is going to turn down an offer to replace 18MM of secured debt with shares issued at a higher PPS than the conversion option in the notes, and pursue a restructuring of that debt? The restructuring better eliminate the interest payments, set a conversion rate not materially different than $1.98 *and* keep the company afloat, or Buck (and the rest of the shareholders) are going to have an easy time making a case for breach of fiduciary duty.
SMH
Buck Wessell is an idiot
The only logical reason he would invest $4.5m of his funds exclusively focused on buying 2m shares of worthless MSLP common shares; is he ignorantly drank the Trust Fund Baby Kool-Aid and believed MusclePharm could cut it way to profitability. By the time he was executing his private transaction with Arnold and Open Market purchases, it was perfectly clear to any sophisticated investor, MSLP had severe going concern issues and expenses were increasing (not declining) when you compared Revenue:Expenses. What good are expense cuts when Revenue is decreasing faster on a percentage basis? Of course I have been highlighting this fact ad nauseam since Ryan's folly plan was made public where he claimed to place himself in the same boat as common shareholders all the while collateralizing 100% of the MSLP hard and soft assets to an LLC in which he personally controls. Any MSLP common shareholders hold any interest in CONSAC, LLC? I didn't think so.
Buck has proven himself to be a unsophisticated investing idiot and deserves to lose his capital.
Now Buck "the idiot" is acting like a petulant little child throwing a tantrum, whining and flailing about.
Grow up Buck and get professional advice from a qualified investment professional next time. You have proven to need it.
Buck is rejected like taking it into the key against Dikembe Mutombo (finger wagging).
Past 6 Quarters Revenue Decline under CEO Ryan "the Trust Fund Baby" before the Bakery Barn fiasco that will surely make it worse
MSLP Domestic Sales previous 6 quarters down more than -50%
Amerop; Are you paying attention? You have no intention of closing on a $32m deal that will leave you owning 48% of this train wreck. How convenient the "expression of interest" expires 5 days before CEO's notes maturity date.
Nice disclaimer excuse to "not close"
@bugs
Though I have not tried them personally, I have completed much research on the competitors and manufactures and from a macro nutrient and customer review basis the consensus seems to be the Oh Yeah One Bar scores best if the Chef Robert Irvine bar exceeds your calorie threshold.
Thanks for the info about Bakery Barn's other products. I've eaten and liked the Irvine bars before, though the calorie count is higher than I'd like.
Had no idea about the change of bakery in addition to formula, but it helps explain how badly the new bars are formed in addition to the yucky flavor.
I'd still like to find a replacement in the `200 range that isn't Quest.
Just confirmed. You are correct. #4. Thank you for the correction.
They are #4 out of well over 50 other bars.
Let's review the Q2 2015 conference call that was Ryan Drexler's debutante ball. I added the quotation marks at about a half dozen of the SMH moments.
Since we’re in the mood to copy and paste my posts, let’s try this one again and see if you can manage to respond to something other than your extreme interest in Combat Crunch bar reviews...inquiring minds want to know...
Re: Madcowelixir Post# 79821
Ok. So for all the readers of this board please explain to us how BK is favorable for Ryan. I would honestly like to see what this looks like. I just don’t know what to believe with you. You claimed Amerop and Ryan were moving money “offshore” just days ago now it’s back to Drexler filing BK so please try and stay focused and explain to us how BK recoups anywhere near Ryan’s $17 million. Please come with something better than he’s getting Musclepharms assets and IP. From your keyboard to our eyes, you’ve screamed they’re broke time and time again...so no cash to pay much of anything...not many assets. I’m honestly asking because if your theory is correct, I’d need to better understand why a millionaire would sink so much money into a business case study because he thought the company is “super cool” only to file BK and get nothing in return. Drexler has money but I don’t think he has THAT kind of money to throw away.
A sniper of what your theory might look like...
Drexler to his buddies: “Oh hey guys...remember when I told you I was going to get involved in Musclepharm, invest a ton of jack and get things going in the right direction?
Drexlers buddies: yeah, bro. You’re killing it man. You’ve had a ton of successes in businnnn....oh wait a sec.
Drexler: I know I said I was going to turn it around but it was too far gone. I think I’m going to file BK and take all they have.
Drexlers buddies: Dude you cut it down to the barebones and still have to file BK? I thought there was another investor that was going to cough up the $18 million to keep it out of default.
Drexler: Yeah, yeah...but if I file BK I get it all. That logo man...it’s so green. That rad used gym equipment...I can smell the sweat from all of those UFC fighters still all over it. The gnarly website, the way cool useless patents and all of those extremely expensive yet worthless shares I get if I file BK. It’s a NO BRAINER BRO!!! All for $17 million.
Drexlers buddies: Righteous!! But isn’t filing BK like bad bro?
Drexler:....
Ok, so he has been getting a salary but not in the amount of $17 million. If the brand is performing as poorly as you continuously claim, then seriously...what good is the name, logo, or patents? Oh neat $17 million I got a logo that I could’ve had made on fiverr for $5, a website that I could’ve had made for $400, and some patents for products that you, Madcowelixir, claim are so terrible and that no one wants on any of the supplement websites.
Not so sure I believe this theory or any of your rhetoric truth be told.
Replies:
I agree with you Stupe, I too would
Ideeotsuhvont on 10/23/2017 1:44:40 PM
Report TOS
What’s your point? I can admit to my mistakes. Each time I’ve been corrected, I’m more than happy to take it in the chin. You say 4th place...I say 3rd. At this point I really don’t care if it’s 10th or 20th...we’ll see what happens in a couple of weeks.
3 by my BB.com app...
Facts are not fungible. Cheerleaders embellish
#3 top selling protein bar on bodybuilding.com is....drumroll please....Musclepharm Combat bar.
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