Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
10-K out ... 3 million in operating profit for 2020!! Nice $MSLP
Gross margins improved to 30% (2020) from 11% (2019 )
https://www.sec.gov/Archives/edgar/data/1415684/000149315221007088/form10-k.htm
Looks like Drex sold enough used equipment and shelving to pay his property taxes.
As crazy as this sounds , This stock Could benefit as ‘ flight to value ‘ as this has always been a real product / brand with sales now going cash flow positive. $2 is not out of the realm of possibilities here.
First of all you need a math refresher course. MSLP has posted $49m of revenue through Q3 2020.
Secondly, there is lots of volume at $.12 cents today.
MSLP CAN'T even post a profit with ZERO expense for brick and mortar, Research and Development and Marketing and Advertising.
MSLP's fake profit in Q3 was due to one time gains for selling all the physical assets when they closed the HQ and Distribution WH and playing Inventory Valuation games that are fake and taking a huge fake gain on losing a lawsuit for not paying a supplier millions owed.
I love how Ryan put his longtime Hollywood party buddy (Heller) on the board as chief of compensation committee after getting pushback from a long time independent board member on executive compensation and the hypers here think it is great news. Too funny.
Drexler and Heller
acknowledging fundamentals, a lack of real news, and a prolonged dark period...
MSLP is theoretically 'current' (although the timeliness of their filings and the 'current' checkboxes admittedly makes this a bit confusing for some), and as of 09/20 had $57MM in revenues, has a *professional PR firm*, yet it couldn't generate more than $570.00 in trading activity today.
Meanwhile, another company I'm long in has had zero disclosure since 2018, hasn't paid its OTC bill and so is listed as 'defunct', and has blown multiple self-imposed deadlines to cure all the above, yet manages tens of thousands in trading on a daily basis.
Barchart Technical Opinion for Muscle Pharm Corp (MSLP)
Overall Average:
100% BUY
Overall Average Signal calculated from all 13 indicators. Signal Strength is a long-term measurement of the historical strength of the Signal, while Signal Direction is a short-term (3-Day) measurement of the movement of the Signal.
https://www.barchart.com/share/widget/1611515057_832116991//stocks/quotes/MSLP/opinion?t=Barchart%20Technical%20Opinion%20for%20Muscle%20Pharm%20Corp%20(MSLP) via @Barchart
Drexler has recently said that he is open to being part of a larger platform . Nike would be huge .
That would have worked but MSLP had their hands in too many pots.
I always thought Nike should buy MSLP to enter the market.
Love seeing the MP logo when watching old fights tho.
MSLP needs the UFC again. Those were the days!
MusclePharm Appoints Marketing Executive to Its Board of Directors
Nice buy ! $mslp
I did some quick googling and I found one site that said it could be 45 days so that would put it around late February/ early March.
I can buy $MSLP on TD Ameritrade or Etrade right now but I would guess the uplifting to a more qualified exchange could allow the Robinhood’ers access to this stock .
Any idea on timeline? Is that a 30 day process? 10 day? I like the idea of trading in a better regulated market. I’m sure other investors will too.
Yeah they are going from PINK to the OTCQB
Here is the application, they just filed :
https://sec.report/otc/financial-report/268189/OTCQB-Certification.pdf
Any idea when this thing hits the OTC again? It’ll be nice getting this off the pinks again. I anticipate increased volume from that move. I’m liking what I’m seeing so far with the recent moves. Anything over $2.00 to $3.00 and I think I’m satisfied for the short term. Buyout price over that would be great. With a company thats set up to start making money, 1.0 - 1.5 x sales certainly isn’t out of the question and would take us to about double the pps now. Profitable company in this space, showing healthy revenue growth, should command a market valuation of no less than 2.0 - 4.0x sales. $MSLP
Was able to watch a couple of clips. Appreciate the breakdown!
I watched it. You can find a link to the replay on twitter . Check it out it’s definitely worth the watch and made me bullish for the company.
Here is a quick recap with my notes:
ICR conference overview:
* CEO Ryan Drexler has put in over 20 million of his own money into the company .
* Ryan wants to communicate with shareholders more frequency expect updates in next 60-90 days
* Believes company has strong “brand value” that he wants to leverage with partnerships
* Big box retailers are approaching Musclepharm , and companies that they have done business with in the past.
* Lots of industry consolidation in the sports nutrition industry , musclepharm was early on the trend by switching to online and big box retailers
* Costco line was renewed with chocolate milk . Previously they were selling cookies and cream .
* Re-signed with BJ’s Wholesale
* Drexler has been working 7 days a week to fix the COGS issues and now that they are fixed - they want to grow again.
* Expect updates soon
At this rate it is going take quite a while to sell off that ~790K shares of Treasury Stock that Ryan transferred to a broker who is commissioned to sucker mooches in as high as possible before the elevator down.
Does anyone know if there will be a recording of this? Or is it a conference participants only?
MusclePharm to Participate in Fireside Chat at the 23rd Annual ICR Conference
My guess is that Drex is aggressively looking for a buyer, and will end up taking a massive loss if he succeeds.
While Madcow has been predicting imminent bankruptcy for years (including as some sort of scheme that Drex was supposedly engineering), the current financials and 'hidden' disclosures indicate that the company really is circling the drain. Positive revenues don't mean a thing when you're essentially ignoring (and subsequently writing off) COGS. Settlements likewise are meaningless if you never pay them. At present, given the A/R financing and multitude of settlements on the books, I'd guess that the Company would be operating a loss if it honored only those settlement agreements (to say nothing of its current/ongoing vendor obligations).
With Drex seemingly running low on cash as well, I'd wager that he's trying like hell to fire sale the whole shebang to a third party looking to capitalize on the only remaining value in the organization - the distribution relationships. This would be the most likely reason for him to actually move forward with publishing the past due Ks and Qs...well, that and the pending WW litigation.
Assuming that the asset hiding scheme alleged in Drex's sister's divorce is true, I wonder how she's feeling about his management of her portion of the family fortune.
The problem with your bear thesis is assuming more bad decisions are being made . From my point of view , Musclepharm has been making strides in the right direction , especially lately , and fixing the problems that plagued them from the past .
We’ve seen them come current on filings and they are now not even considered a penny stock because of their reporting .
We’ve seen them make a bigger push to direct sales on their website , and increasing their presence on Amazon including their Combat protein now being an “Amazon’s choice” product .
We have seen the contract with Costco being renewed with a new product , now selling their new flavor Chocolate Milk in stores .
We have seen them turn cash flow positive .
We have seen them settle many lawsuits from bad decisions made in the past by former executives. We have not seen new bad decisions being made .
If the company has made it this far , why would they throw in the towel? Wouldn’t they have given up prior to filing the 10Q’s and spending all that money getting financial shop in order ?
The company is small , thus its easier to turn around . At this point , their expenses are so minimal , how could they not be profitable? There are other supplement companies in this space that make money and are profitable. What bad decisions are currently being made that has this company thinking it will go “poof” as you say ?
Your repeated claims of fraud and imminent bankruptcy for the past 3 years haven’t come to fruition , and the company seems to be turning around . I’ll patiently wait for the stock price to reflect the moves Drexler & team have been making .
$MSLP
turok
Thank you for posting more fraudulent MSLP results except at least now Ryan is telling you they are 100% not accurate.
The results you cite are padded by selling off of every salable asset including fixtures, shelving, warehouse equipment, office equipment because MSLP can't afford rent any longer and closed all their facilities, made fake inventory adjustments, created non-cash fake gains after losing several million$ in lawsuits by suppliers as Revenues continue to crash, and a plethora of additional fake gains and financial folly.
Of course this tidbit is deeply buried in the report for intelligent investors who don't just read the headlines or PR propaganda from dubious sources. Straight from the CEO's report
MSLP has NO Cash, NO Inventory and NO Accounts Receivable as they sold the AR at a 20% discount and hocked all the Inventory to Prestige and Crossroads and already spent all the money.
Yet MSLP owes and much of which is severely delinquent on over $40m to Suppliers, shylock lenders, past due accounts, Ad & Marketing Fees from deals that expired years ago and produce zero value today, IRS, etc...
Death Spiral as MSLP has closed up shop because although unsecured suppliers can be stiffed and Ponzi'ed, landlords evict and seize the assets (MSLP sold them all first before abandoning the premises).
MSLP has only stayed in business under CEO Ryan by committing fraud and larceny. They steal merchandise from suppliers, sell it, and then don't pay the supplier invoices for the product.
As soon as that tactic fails to work and they run out of manufacturing dupes, MSLP is done just like the Ponzi Scheme they are.
Ryan Drexler, President and Chief Executive Officer, stated, “Our management team has spent the last two years dramatically restructuring MusclePharm and are now generating positive cash flow and well positioned for long-term profitable growth even in the current COVID-19 pandemic environment. The business turnaround was driven by reducing low margin sales into inefficient channels, increasing gross margins, decreasing operating expenses and improving our overall EBITDA. We have many of the leading brands in nutrition but we needed to do a much better job of realizing the value of our brands by reducing product discounts and being more efficient in our promotional activity, reducing SKU’s that are not properly positioned, and better aligning our operations with repositioned top-line growth.
$MSLP
http://ir.musclepharmcorp.com/prviewer/release_only/id/4548989
MusclePharm Announces Third Quarter 2020 Financial Results
December 01, 2020
CALABASAS, Calif., Dec. 01, 2020 (GLOBE NEWSWIRE) -- MusclePharm Corp Inc. (OTCQB: MSLP), a global provider of leading sports nutrition & lifestyle branded nutritional supplements, today reported financial results for the quarter and nine months ended September 30, 2020.
The following are key financial highlights for the period. Reconciliations of certain GAAP to non-GAAP measures are provided later in this press release.
Third Quarter 2020 Compared to Third Quarter 2019
Revenue, net was $16.1 million compared to $21.2 million.
Gross margin improved to 31.2% compared to 7.2%.
Net income was $678,000 compared to a net loss of $(5.1) million.
Diluted income per share was $0.01 compared to diluted loss per share of $(0.27).
Adjusted EBITDA was $1.0 million compared to negative Adjusted EBITDA of $(4.1) million.
http://ir.musclepharmcorp.com/prviewer/release_only/id/4548989
$MSLP
MusclePharm Hires ICR Inc. as Investor Relations Advisor
CALABASAS, Calif., Dec. 07, 2020 (GLOBE NEWSWIRE) -- MusclePharm Corporation (OTCMKTS: MSLP) (the “Company”), a global provider of leading sports nutrition & lifestyle branded nutritional supplements, today announced that the Company has retained ICR, Inc., a leading strategic communications and advisory firm, to assist with its investor relations program.
Ryan Drexler, President and Chief Executive Officer, stated, “We are very excited to be working with a distinguished communications firm like ICR to build out our investor relations program and help position our Company. The past few years have been spent restructuring the Company and strengthening our leading brands and we believe ICR will be instrumental in broadening our reach with the investment community and increasing our public profile with shareholders.”
https://finance.yahoo.com/news/musclepharm-hires-icr-inc-investor-140000938.html
$MSLP
List of MusclePharm suppliers who Ryan stiffed that I can cite off the top of my head. I have probably forgotten a few. MSLP either lost in court or were forced to enter into settlement as MSLP teeters on Bankruptcy.
Capstone $21.5m
Bakery Barn $1m
ThermoLife $1.6m
4Excelsior $14m
Nutrablend $3.1m
List of partners, sponsors, endorsors, employees who Ryan stiffed off the top of my head. Ryan either lost in court or were forced to enter a settlement.
Tiger Woods
Arnold Schwarzenegger $3m
Johnny Manziel
Manchester City FC $8m
Richard Estrella
White Winston (goes to court in February)
MusclePharm has a 0% winning percentage in litigation as a defendant
MusclePharm owes the IRS $5m in back taxes not on the balance sheet
When you have a Going Out of Business yard sale when you can't afford rent any longer and are forced to vacate your office and warehouse before you are evicted. Sell the shelves, racks and office supplies. MSLP now has $48k of hard assets on the balance sheet and those are likely unsalable and in the dumpster. I believe I read in filing, the landlord of the former MSLP Canada warehouse sued MSLP for non-payment of rent.
MSLP only has $46k of hard assets left on the balance sheet. The rest are make believe like "intangible" or "lease rights". No cash, no inventory, $21m of Current Accounts Payable and $6.4m of severely past due Accounts Receivable. Now the 3 lawsuit losses payments kick in. Do the math.
White Winston litigation goes to court soon too.
Ryan is at least 2 payments behind on his property taxes? Not good.
LA county property taxes are due April 10 and December 10 each year.
Ryan's home showed he was delinquent on his property taxes on his April payment (maybe longer) and is still delinquent past the December 10 payment too according to LAC official website.
Big Baller in financial trouble?
Here is the up to date screen shot
$MSLP also traded at 0.34 today. You cannot take the OTC price seriously as we both know it can be heavily manipulated. I see increasing volume with a company that is headed the right direction.
Please show me how iHerb channel is discontinued, looks well and alive to me:
https://www.iherb.com/c/musclepharm
That is great DD. Thanks for posting that. I was looking at adding this to my portfolio as I have a lot in the fitness and health industry.
IHerb channel is discontinued. No margins.
MSLP Revenues are down another -20% YOY so so much for chocolate milk moving the needle.
MSLP domestic revs are just barely above $10m a quarter now and likely to fall under that benchmark soon.
MSLP is likely to fall below $40m in annual domestic sales soon.
CEO Brad used to post over $50m in a single Q. Ryan's Ponzi fake orders and numbers are -70% below CEO Brad's real numbers.
Combat Crunch is less than 10% of total revenue so that supplier change when Ryan stiffed the manufacturer killed that product.
Block trade of MSLP Treasury Stock was insider trade and not market value much like Drexler's conversion at $1.11 recently.
MSLP just traded at .15 cents today
Over $800k of "revenue" in Q3 10-q was non-cash "gains" on losing 2 more supplier lawsuits for non-payment and on selling gym equipment, office furniture and other "assets" and an inventory adjustment that was likely fake just like nearly all the MSLP financials. There is no profit.
Dilution is rampant and now 49m shares OS.
Lawsuit settlement payments to the two manufacturers Ryan stiffed begin in January and ThermoLife still hasn't been paid the $1m+ they are owed though MSLP was forced to post a bond recently by the courts.
Manchester City Footy is still owed $1m that is past due for 2 years on the sponsorship deal.
MSLP continues to hock anything that is not tied down such as nearly all the Accounts Receivable, Inventory, etc at shylock rates of 15%-18% interest. Both shylock lenders have recently cut the available credit limits substantially as MSLP revs continue to implode in spite of Ryan's admission that orders were faked and the revenue was bogus and fraudulent.
MSLP has no cash therefore only has $1m in total inventory on hand and 50% of that total was pledged as collateral for $500k in loan at 18%. Death Spiral.
The 900k share block that was traded was at 0.32 . Not .15 , not .21. Those were the paint job. The stock is done going down , clear skies ahead , $MSLP
Did you see they are now selling Chocolate Milk protein at Costco? It’s been cookies and cream for the longest time. It’s pretty evident the relationships at Costco , Amazon , and iHerb have all strengthened . Musclepharm is here to stay and those who remain and do their own due diligence will be pleasantly rewarded . $MSLP
turok is posting not even close to accurate information in his post but who cares, huh?
Yesterday's transaction. You can see both before and after the 800k transaction when MSLP liquidated 100% of the MSLP Treasury Stock, the bid and the ask both cratered until the fake paint the tape close transaction. Over 900k shares of sell volume and the buy volume was transacted in low .20s.
Bid dropped to .15 cents and Ask is .21 for any retail mooches.
Not good news
Remember when CEO Brad diluted MSLP to 3m Outstanding Shares?
CEO Ryan official OS is now over 49m shares.
Nice turnaround plan
Followers
|
357
|
Posters
|
|
Posts (Today)
|
1
|
Posts (Total)
|
80869
|
Created
|
02/02/10
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |