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I think he just bought some again.
Wynnefield just sold 300k shares in a private transaction They just liquidated 20% of their MSLP holdings at a huge loss.
https://www.sec.gov/Archives/edgar/data/899083/000114420417065925/xslF345X03/v4782378_form4.xml
Last few days nice trading.
MSLP Market Cap = $5m when a seller just sold ~30k shares @ .4x cents
Did you know that $5m is just ~24 months of interest payments on the Drexler notes? $5m is about 5 months worth of cash burn operating losses. MSLP is bankrupt and may never file another 10-Q (K).
Pay attention to any impending Prestige and Crossroads initiated collateral asset forfeiture.
Any real size investor can't get out.
Think about that......At a $100m annual sales 12 month run rate, MSLP total market cap is $5m and going lower.
Poor stupid Buck Wessell
Be happy to download with you. Nothing earth shattering obviously since it everything needs to be publicly disclosed. Got to meet the executives and board members. Ask a few questions to the new Interim CFO and Drexler. Took a tour of the new facility and have a better understanding about the move Cali and what’s happening with the old facility. All seemed positive.
SLC
Nothing happened at the meeting besides the votes. That was the only approved business up for discussion at the meeting.
Stup - I'd be interested to hear if anything interesting transpired today.
Wish I could be there....look forward to hearing your take on the meeting.
Today’s the shareholder meeting...
See you all there. $mslp
That’s great!
I’m going. Are you? Would love to finally meet you.
Heard Buck vs Ryan in grappling match is going down at MusclePharm HQ on Friday at Annual Shareholders Meeting.
Vegas odds:
Buck -250
Ryan +170
Anyone going to the meeting? It's literally right across the street from Burbank Airport so you can fly your private jet in and be back home by dinner.
Vindictive denial of the obvious sad reality.
A super ouch! Plus flowing tears!
Sadly, I won't be attending. Nevertheless, I have some questions for annual meeting:
1) CC Bars have been flooded with consistently negative reviews on both BB.com and Amazon – a trend which continues through today. According to the Company’s most recent 10-Q, the dispute with BB was settled in late October of this year, resulting in the resumption of BB production of CC bars. Have these BB produced bars entered the marketplace yet? Do you intend to do anything to raise consumer awareness of the resumption of production of the “original recipe”?
2) Given the Company’s tenuous cash position, how does the relocation to California, given the roughly 30% increase in cost-of-living and the current lease (and prior renovation expense) of the Denver facility serve the company and/or increase shareholder value?
3) The company has borrowed approximately $18MM (plus accrued interest) from its CEO, debt which was recently renegotiated to a consolidated 12% annual interest rate resulting in interest expense of over $2MM/year, and with a conversion rate of approximately $1.11 per share. Recently (and prior to the execution of consolidated debt instrument described above), a major shareholder publicly put forward a plan to purchase enough common stock from the Company to extinguish this debt (provided the proceeds were used for that purpose) at a rate of $1.89 per share. This arrangement would have removed the bulk of the Company’s debt from the books, been less dilutative to the rest of the shareholders, and saved the company some $2MM of cash expense per year. Despite these benefits, the Company's BOD chose to pursue the renegotiation with the CEO. How did this decision benefit the company and/or increase shareholder value?
Combat Crunch Bars continue to free fall down the Top Seller lists
CCB has now fallen to #5 on the Protein Bar list. How long before Carb Killa surpasses CCB as its customer satisfaction rating is much higher?
Look at the list closely and you see CCB is the only protein bar "on sale" yet sales are still falling; even against the competitors at full manufacturer suggested retail price. MusclePharm can't give this crap away.
Q4 is going to be a disaster!
Huge red flag!
When do you stop posting on this board?!? Yes, we know there are some issues with product releases and revenues. But why do you post about these reviews? Have you ever taken a MSLP product yourself? Are you an athlete? Have you ever lifted a weight in your life? The products themselves are actually really good. I’ve taken them and Im sure many on the board have as well.
MSLP will continue to pump out new products and revenues. Soon they will be turning a profit. Get on board before it’s too late.
Go MSLP $$
How would you know what “pissing away $3 million dollars” feels like? Answer: You don’t and I’ll beat you to it...neither do I.
He was willing to put up another $18 million so my assumption is that he’s not strapped for cash like other people posting frantically on stock message boards. See you at the shareholder meeting.
Has anyone performed a wellness check on Buck Wessell?
Pissing away $3m in cash so far in a non-liquid common equity is the dumbest passive investment of all time. Must be dispiriting for a guy who sells rotor tillers for a living.
I wonder if Ryan left a couple tickets at will call for Buck and son at the event last Friday?
Didn't want to show the crowd because there was none
Interesting lack of business acumen where the generic hashtags for #mountainbike and #surfing equal the #musclepharm in your instagram
What a joke trust fund baby. Attention Deficit Disorder with nothing to do and no skills with which to do it.
What does it say about the investors in Drexler like MrHaigs and TexLong? LOL Turnaround Complete!
Did anyone notice Ryan is now promoting and hosting fights in the MP HQ after business hours?
His first promotion is tonight. Tickets still available if you have a spare $600 per seat or 1000 shares of common. When you can't afford to stock inventory, make that HQ a prison fight ring to raise cash. This could blow up on Youtube like Bum Fights did. I wonder if the MSLP insurance underwriter is aware of this after hour activity in the corporate HQ warehouse?
FYI: The mystery 14C is a clarification on the address for the annual meeting. Looks like they're holding it at the new facility. I'm sure all of the attending shareholders will be thrilled to see where their money is going.
As an aside, does anyone have odds on whether a Drexler affiliate or buddy owns the new building?
mtc
Congratulations on buying back in. No need to confirm your 3 share trade this morning. We can clearly see it's you. Where did you find the spare $1.80 + trade fee? Did you borrow it at 20% interest like CEO Ryan is doing? If you didn't, then you see how truly desperate MSLP is as they are forced to.
Over here waiting on the “multiple websites with the 12 for $12 deals on combat bars.”
Like for real man...I need these bars. I need to load up. Don’t be like this....
Share the links.
Mmmmm.....tasty. Look at the turd CEO Ryan served customers after stiffing Bakery Barn because MSLP couldn't afford to pay due to the insufficient margins. CEO Ryan is still borrowing cash at 18%-20% against hard assets from the shylocks to fund operating losses even before the CCB disaster. Q4 is going to be really bad though #s won't be released until late March '18, MSLP 12 month run rate is now $96m and still falling. Rev was down -10% in Q3 after CEO Ryan said the bottom was in and ramping up in Q1 & Q2. Q4 revs likely will be <$20m.
I would believe the unverified buyer.
mtc
You mean this "unverified buyer" cheerleader who didn't buy CCB from bb.com but pumps the product?
The next review down comes from a "verified buyer" of CCB from bb.com and is the complete opposite.
Whom would you believe? A review from an actual "buyer" of product or some cheerleader pumping pom poms who is not a buyer?
i’ll just go to her house.
You could trade 2 shares of MSLP and get 1 bar. LOL
Yes, I would like to know these sites as well, I only have 6 bars left of my current box of Chocolate Chip Cookie Dough.
I haven't seem them for any cheaper than $19.99, with a few promo deals on the specific sites.
Also, in looking at BB.com reviews, many are posting the "Finally the good 'ole Combat Crunch bars are back!! "
"The Muscle Pharm voluntarily replaced this old formula bar with their Newer ones and in less than few days, i was able to received it and tried it. Its the best! Soft, tangy and very chewy mmmm"
I might be kicking myself for selling my shares when this rebounds back above $1.00.
Low volume, but not the selling dumps that were seen earlier. I might be looking for another entry.... Cleaned up on P (Pandora) since I sold my shares though, up nearly 20% on that purchase, might be time to flip back into MSLP.....
Can you post the sites? I’d like to take advantage of this deal.
Desperate times = Desperate Measures
Combat Crunch Bars 12pk for $12 on several sites
Cash Flow has completely come to a halt and MSLP is forced to sell at a loss.
When you have to sell your most popular product at a loss just to raise cash, you know desperation has really set in.
How many shares do you currently own? And is this a good entry point?”
8,000 share sale causes -20% decline in Market Cap.
That is a $4,000 sale today causing a $1,500,000 market cap reduction.
MSLP shares are worthless.
Absolutely zero volume. Fake trades between the same party; same volume 3 seconds and 5 seconds apart.
So essentially not a single authentic share traded so far today with ~2 hours left in session.
Think about that. MSLP can't do a legit .60 cents in total transaction value via authentic volume in over 4 hours of trading.
Without the two idiots in the room (Buck Wessell and Nelson Obus), this is a ghost town.
Denial engendered by pride.
We are all so clever and insightful in our own minds. We circle the wagons with like minded investors and castigate the messenger with information that undermines our pathetic strategy and loyalty to an obviously sinking ship.
Thanks for sharing your diligence here.
You’ve posted before about your trading platform; rebates, etc....
Any insight about IEX market participants?
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