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$1.00 a share would be awesome. I mean that’s 32 million bucks for this company . We know they did 150 million in sales a few years ago . The brand has to have value , have you seen the Instagram!?
Actually - Right now supplement companies are doing really well because everybody is trying to boost their immune health
$MSLP
I hope so. I’m still hopeful that they sell the brand for anything over $1.00 per share. I mean a guy can dream right?! Lol
Someone bought shares at 0.16 today , Is something brewing ? $MSLP
Oh yeah , he’s another Goldbond alias
Throw me a bone , goldbond. $MSLP
Is this one completely dead ? Should I sell everything off for $10?
What’s next ? Slow bleed to .0001 ?
MSLP "only" down -92% today. Financials? Publicly traded company? CEO Brad must be rolling over on his parents couch in the basement.
.01? That's impressive even for Drexler. Turning $18MM into $180k makes his Quicksilver investment look like a genius play.
Actually traded at 1 single penny a share today. Musclepharm is truly a penny stock. No financials for almost 2 years now yet the SEC was supposed to assign a monitor as part of the settlement.
LOL ... wonder what we could get a pump at . Seriously though 0.10 is a joke . 3 million dollar company.
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Agree. Let’s pray for a pump n dump. Hahaha I’m outta here if it breaks a dollar
Pretty ridiculous what has happened here. Maybe found a short term bottom at .10 ? Who knows . Hopefully a bounce to a buck !!
$MSLP
I’m still here. How it goes?
Not much of anything new per se...Company being ran by a turd. Fins not released for some time. I’m hopeful that Drexler gets his head out of his arse and sells at some point. See you on some of hen other boards. Good stuff!
You still around sir ? Any insight on what happens here next ?
You still around bud ?! What’s going on with this company ? $MSLP
Since you were so right here can you please tell me what happens next ?
Anything going on in this company ? $MSLP
But their instagram feed is killer!
If you have a dime and a nickel, you can own a share of this dying company. And you thought CEO Brad ran it poorly.....
settling a lawsuit is sometimes a good thing , they had a liability marked on their books for this one . $mslp
I lost a lot of money here and you were right through all your aliases . I’ll never forget goldbond . What do you think of $DEAC I’m over there pumping that one now .
Another HUGE loss in court for Drexler and MSLP in a protein spiking lawsuit in addition to the $1.7m final damages awarded to ThermoLife after Drexler and MSLP lost again. https://www.reuters.com/article/health-musclepharm/in-brief-musclepharm-to-settle-schwarzenegger-protein-supplement-case-idUSL2N27M1NA
The new COO has zero experience in any industry even close to MSLP. He founded a company no one has ever heard of in 2010, bestowed fancy titles on himself and now the company went under I assume so he needed to find a real job. Does he offer anything the company is in need of right now? Can he lead a push in marketing, gains in operational efficiencies on either the manufacturing or purchasing side of the business or maneuvering the stock to greater visibility in an effort to right the ship? Anyone with common sense is jumping ship and MSLP is now stuck hiring whoever will take the job.
You all see this NEWS ? https://finance.yahoo.com/news/indo-global-exchange-pte-ltd-132000861.html
The Merging Company has very tasty Products and is Run by
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152892152
It reminds me of that ages old philosophical connundrum: If the SEC halts trading on a stock with no volume, does anyone notice?
So when is the SEC suspension hammer going to hit this garbage ticker MSLP for delinquent filings? Must be coming shortly!
The share count for MSLP is tiny compared to most OTC companies. The company could get to $14 a share again if management didn’t run the company into the ground and blow all customer support. They were a middle of the road product that lost all market visibility with consumers. They aren’t the cheapest product and higher end athletes think their products are a joke. I’ve used their products for 10 years and invested on and off over that same period of time. I’ve been out of the shares for a couple years now and think the company is going to continue to struggle. Their single best product ever was the energy drink and they blew that opportunity. I’d still drink it daily if it was available. Tasted great, more energy than Red Bull or Monster and MSLP could have angled the product even more for athletes. I sold about the time they discontinued the energy drink and several other popular SKUs - it was obvious at that time the new management did not respect customers or shareholders. The company will get taken private eventually because there is some brand value remaining and a volume-producing deal with Costco. I won’t be buying shares anytime soon and hope everyone can exit at a decent price before the bottom falls out.
34M isn’t a massive share count so that doesn’t scare me at all. If operations could support the valuation I wouldn’t care if they doubled the share count from here.
I called in May for the shares to bounce around .25 for an extended period and a buyout offer to come at .35. I think we are nearing that reality. The company is worth between .25 and .35 unless facts on the ground change. The company no longer commands premium pricing and has lost public visibility as a household name. Product still sold at Costco which does create very low margin volume.
NEW O/S of over 34.3M shares. Dilution...dilution...dilution.
30% of the pre-convert OS are owned by Wynnefield and White Winston and they are not interested in .70c tender. Wynn is still adding at a basis of $4 and WW is holding at $2 and has shown they are willing to sue. Very dumb and unsophisticated post on potential tender. This is Ryan injecting necessary capital as MSLP has no cash left and still owes 2 shylock lenders that hold inventory and receivables as collateral. This shows there is no lenders interested in MSLP and Ryan must fund the liabilities himself to temporarily stave off BK which really has already occurred. Ryan personally guaranteed the two the shylock lenders and this $18m is going to them. What likely happened is the two lenders exercised their right to call the notes due immediately and Ryan was forced to cover or have the inventory confiscated.
A little caveat is Ryan was nearly voted out in last years shareholders meeting and Wynn has purchased enough shares recently to tip the vote. Ryan needed to convert or he would have been voted out soon. This should clear up the balance sheet and cut the horrific 18% interest expense on the debt. MSLP's accounting firm quit due to revenue reporting fraud so that fake $100m in annual rev is clearly over-stated.
Sorry I wasn't clear - I expect Drex to make the offer. I suspect he's wanted to take this company private for quite some time. The recent and continued (and dare I say, convenient?) diminution of PPS coupled with his now majority stake make such a scenario even more plausible.
Why would he sell at .70? Unloading company for just over $20 million, netting him $13 Million? Although I do feel there’s something with the timing in his conversion and the issuance of the board members stock awards, I don’t feel .70 a share is a realistic sell price. Maybe a realistic offer that they’ve received but not an offer that they’ll accept. $1.50? Ehhh $2.00? Ehhh optimistic? Maybe.
Do I think they could get 1x revenue for this company? Probably not...not with Drexler and his cronies running it and current financial health of the business. Do I think that another company would buy $80 to $100 million in sales for a discount at $1.5 or $2.00 a share? I do think that’s possible.
The fact that there has been no comment about Drex's conversion/dilution/takeover says everything that needs to be said about this "company". Expecting to see that tender offer at $0.70/share any day now...
That is because 20% owner of the OS WhiteWinston has filed another restraining order against Drexler for hiding the books as he being investigated for fraud in his sister's divorce. This order should be granted immediately but the Justice System is full of judges that share a common heritage with Drexler so letter of law is just something that can be ignored.
Some buying the last couple of days . Only positive I can say about this POS.
I've been posting here for 4 years now that that the Financials are fake and I proved it many times.
Given that the former auditor has indicated that both the FY 2018 and the 2019 financials filed to date are unreliable (and with nothing from the company save a "we disagree" statement to counterindicate the auditor's conclusion) I'd say that's arguably $2MM too high.
Anyone else-with-miniscule shares/value get-hit-with-$38.00 Reorganization-Fee?I have ONE share that's now worth .21c and didn't sell b/c it wasn't worth the commission obv. but TDA hit me with the full fee same as if I owned millions of shares - did you or others experience that? This is highway robbery that I don't think is legal or shouldn't be - anyone?
Haven't paid attn. to this company in a while~ looks like for those who do own more shares it's the usual post R/S bump & crash but value is way down from pre-R/S.
Best Bid is $ 0.15 cents currently. Puts market cap around $2m. That is what the best bid is telling you the company is worth today.
So Ryan's Accounting Firm called him a fraud and a criminal and resigned. Nice. Been telling you the Ponzi fraud has been going on for years. I am surprised that the SEC investigation or the TRO applied by White and Amerop hasn't been granted yet. That judge must share a common heritage with Ryan.
CEO Ryan will continue to hide financials until Billett/WW/Amerop suit has real action.
What are Vegas odds on all/any of the past due filings being submitted by the 30th?
I realize the lawsuits. I have read and reviewed each action and update on PACER.gov. My comment reflects Amer/WW and BB are sharing information regarding the lawsuits. I am amazed the judge sided with Ryan on the injunction. I shared the NY Post article on the alleged transfer of $30m of assets to Ryan from Jodi in 2016. You are incorrect in Jodi "loaning" money to Ryan. Jodi is claiming she has no money nor loans/equity to anyone and has no significant marital assets to share with Bradford Billet.
The SEC should step in immediately and appoint an overseer of the company. MSLP has a long history of neutered SEC actions.
I also posted all screen shots of the Brad Pyatt bankruptcy filings here back in 2015.
Close. They’re maintaining separate actions (WW alleged Drex is self dealing, Billet alleged that Drex utilizes marital assets in his loans to the company), but each has sited the other in pleadings, and both are asking their respective court to appoint a receiver to run the show and prevent Drexler from converting. WW has been trying to use discovery from the Billet trial, which Drew is fighting tooth and nail.
Until these cases are resolved, I don’t see the $.35 tender happening. Too much is up in the air WRT Drexler’s shares.
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