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How many years have all of you been in and/or following this stock?
A couple of dates they reported 10-Q's in the past:
10-Q 2018-05-15
10-Q 2017-05-12
10-Q 2016-05-10
A 10-Q for 2020 Q1 could be near. I am assuming they are working hard on getting financials out.
What happens to the PPS if they report audited financials and everything has been cleaned up? These turnarounds usually take 2-3 years to complete.
Have you seen Drexler on social media now? He's on their instagram almost everyday.
I look a closer look at the holders here yesterday.
DREXLER RYAN CHARLES 19,653,779
Wynnfield Capital 1,198,679
White Winston 3,648,355
Total: 24,500,813 shares
Total O/S: 32,314,924 shares
Shares not held by insiders: 7,814,111
Market Cap of those shares: $2,578,656.63
At current market prices, it looks like 2.5 million dollars buys the rest of the retail float out there. It won't take much to get this stock moving quickly. As always, simply my opinion.
$MSLP
The volume yesterday just reaffirms my bullishness that we are starting to wake from the ashes
...and it's extra cool that the Company is suddenly spewing out 8-Ks like they're the very model of being disclosive, but hasn't been bothered to file even an NT for damn near a year (nevermind filing the underlying non-timely Ks and Qs).
Funny how Drexler has the unique ability to drive anyone associated with that shitshow away.
I must admit, your comment intrigues me...I'll bite: what "july paychex arrest"?
Looks like Ryan and BFF Brian Casutto had a blowup and Brian walked out. Brian was Ryan's college roommate and best friend who has worked every day of his career with Ryan since college. Worked for Ryan's dad Hal before coming over MSLP with Ryan. They had a blowup as Ryan's fraud is out of control. Brian left and will very likely be suing MSLP after the july paychex arrest. Brian is likely cooperating with the SEC on the investigation.
You’re right , however , it looks like drexler also has more shares than I reported , almost a million more .
The CEO Drexler has 19.6 million shares of the 32 million o/s representing 58.8% of the total shares
Here is the latest filing:
https://www.sec.gov/Archives/edgar/data/1415684/000165495419010895/mslp_sc13da.htm
I think your list is a little out-of-date. The following are not insiders, and haven't been for years.
DORON MICHAEL J Resigned
ESTALELLA RICHARD Fired
GREENWELL JAMES J Resigned
JENKINS STACEY Y Resigned
THOMPSON NOEL Non-renewed
Liking the double from last week levels! If the volume continues, this should run quickly! $MSLP
These guys aren't idiots. They didn't make a mistake on their valuation. As soon as the numbers start rolling in this is a boom boom banger
Selling looks exhausted from American Media, they received shares valued at $3.23 on Jan 1, 2019
MusclePharm Enters Into Equity Exchange Agreement With American Media Valuing Company at $105 Million
https://www.accesswire.com/529845/MusclePharm-Enters-Into-Equity-Exchange-Agreement-With-American-Media-Valuing-Company-at-105-Million
Nice to see some buyers
$MSLP
I'm in for more in the morning. This is going to be a winner just you wait and see. Big things on the horizon. Hear me now believe me later
With restructuring charges put to rest, MusclePharm’s turnaround plan gains credence
One Step Back, Many Steps Forward: How to Turn Tremendous Brand Equity Into a Profitable Business | My interview with MusclePharm CEO Ryan Drexler about restructuring a company with tremendous brand equity, and how less sales can create a stronger company.
Insider Roster
BUSH WILLIAM JOHN 492,181
DESMOND JOHN J. 587,357
DORON MICHAEL J 150,314
DREXLER RYAN CHARLES 18,378,700
ESTALELLA RICHARD 379,049
GREENWELL JAMES J 161,172
JENKINS STACEY Y 90,529
THOMPSON NOEL 19,412
Institutions:
Wynnfield Capital 1,198,679
White Winston 3,648,355
Total: 25,105,748
Total O/S 32,314,924
Shares not held by insiders : 7,209,176
Market Cap of those shares^^: $1,874,385.76
Looking good today maybe on the 8k news ???. go $mslp
Nice Volume today. Someone bought all the way up to $.40.
Most of the Volume was at $.25 But they smacked it down at the end of the day
Solid deal on the Musclepharm Quarantine Kit for $60 if you’re thinking of checking out the current product lineup. Comes with their new products .
$mslp
https://musclepharm.com/a/bundles/quarantine-kit-l36
??????????Maybe you celebrate Cinco de Mayo to commemorate the 1862 Mexican Army victory over the French Empire at the Battle of Puebla. Maybe you’re just celebrating Mexican culture. Either way, you’re definitely here for the margaritas. And what better delivery vehicle for the promotion of energy and muscle growth than MP’s BCAA Margaritas?
BCAA MARGARITA:
- 1 scoop of BCAA Lemon Lime
- 1.5 fl oz (1 shot) Tequila of choice
- 4.5 fl oz water
- 1tbsp lime juice
- 1 tsp table salt
Prefer yours without alcohol? Just take out the tequila and up the water to 6 fl oz.
Shake ingredients together. Pour over ice.
Garnish with a lime slice.
Salud! @ MusclePharm
They probably got the SBA PPP loan, since it’s based on expenses, they might have got a huge amount of money ! ??
Coronavirus might be the best thing to have happened to this company!
$MSLP
If you have ideas for the business, now is the time. Haha
Drex seems to be getting much more involved with social media as well. Looking for what the followers would like to see from the business.
Instagram is picking up traction at:
https://www.instagram.com/stories/musclepharm/
Any thoughts on the meat shortage giving a temporary boost to supplement companies?
Instagram is picking up traction at:
https://www.instagram.com/stories/musclepharm/
Any thoughts on the meat shortage giving a temporary boost to supplement companies?
"how hard could it be?"
Guessing that depends on how deep they have to dig to find 'clean' books to build from. Given how long it's taken the new auditor to sign off on anything, I suspect the rot runs even deeper than Madcow would have guessed
Glad to see someone fill this roll full time. They had been using a consultant for the past several months or potentially over a year. They’ve got to turn this thing around. Seriously...how hard could it be?
The new $MSLP CFO, Allen Sciarillo has extensive work in SEC compliance according to his linked in profile , that could be useful here:
• Write technical accounting memos including business combinations, discontinued operations, investments, internally developed software, going concern and SEC Staff Accounting Bulletin No. 99, “Materiality”.
• Researched and prepared accounting response for multiple SEC comment letters.
• Presented materiality position to SEC staff, avoiding refiling of prior period reports.
• Restated five prior period quarterly and annual financial statements.
• Monthly close, including consolidation of majority owned foreign subsidiary and share based compensation.
• File Forms 10-Q and 8-K for disposition of assets.
• Manage and participate in quarterly review with external auditors.
• Ensure compliance with ASC 606 – Revenue from Contracts with Customers and ASC 842 – Leases, including appropriate disclosures in SEC filings.
8k out.... new CFO
Effective as of April 20, 2020, Mr. Allen Sciarillo was appointed as the Chief Financial Officer of MusclePharm Corporation (the “Company”).
Mr. Sciarillo, age 55, joined the Company on December 16, 2019 as Vice President, Finance. Before joining the Company, Mr. Sciarillo served as Director of Finance of The Crypto Company, a public company in the blockchain sector, from July 2018 to December 2019. Before that, he served as Regional Chief Financial Officer of Electro Rent Corporation, a provider of rental, leasing and sales of electronic test and measurement equipment, from February 2015 to March 2018. He previously served as Controller of Electro Rent from April 2006 to February 2015. Mr. Sciarillo earned his Bachelor of Science in Accounting from California State University, Northridge.
All that time & effort - product development, packaging, marketing - and they still can't seem to get around to filing two year old financials.
Way to prioritize, Drex.
MusclePharm adds Cheese Protein Crisps to its half price quarantine bundle
MusclePharm has put together a new version of its Quarantine Kit, which is a bundle of health and nutrition supplements to help get you through lockdown. In addition to featuring a good variety of products, the stack also comes with a hefty discount, giving you 50% off the combined price of purchasing each of the items individually.
MusclePharm’s Quarantine Kit 2.0 carries over three of the four supplements from the original bundle with the brand’s superfood formula, glutamine capsules, and Combat BCAA. Where the difference comes in is the original kit’s Combat Pre-Workout has been taken out and replaced with MusclePharm’s all-new, cheese-based Protein Crisps.
Altogether, the Quarantine Kit 2.0 will cost you $60.96, discounted down from $121.96. The bundle is a great way to get a good selection of essential type supplements as well as try MusclePharm’s latest snack. If you were actually going to buy the Cheese Protein Crisps, the kit is a no-brainer as it is only $25 more than the crisps, and you get BCAA, superfood, and glutamine supplements.
https://www.stack3d.com/2020/04/musclepharm-quarantine-kit-2.html
$MSLP
Definitely. Their Instagram is actually their main platform right now and they have been selling a coronavirus kit for stay at home gym-ers.
The downside seems limited here at a 5 million market cap for a company that has done a 50m quarter recently
Brad seemed to learn a little lesson. He partnered with a different guy and started a little energy bar company two years ago. He just sold 51% for $6.1m. Not bad for two years. He owned only a minority percentage so he prob made $1-2m tho and still owns a minority percentage of the 49% remaining. Tru Brands acquired his bars.
Regardless of current management’s incompetence and abuse of the company, I feel the brand still has a loyal following. BB.com has always been a fairly accurate metric for gauging relevance of a brand. Brad and Cory May have been marketing geniuses...business acumen not so much!
Like to see MSLP at 14. Means we’re still selling products at a fairly significant clip
MusclePharm is #14 on Most popular brands at Bodybuilding.com out of over 200 brands
https://www.bodybuilding.com/store/popular-brands.html
Looks like they continue to make new products. They just released two flavors of protein cheese crisps.
https://musclepharm.com/collections/protein/products/protein-cheese-crisps?variant=32052554170458
$MSLP
All said and done here this is a stock with a low market cap in an industry that can Continue to operate right now
Thanks for your input. You are a great asset to this board, if only more people listened to you, we could have saved some of our capital. Where do you think the stock goes from here? They seems to be cleaning up the lawsuits and negotiating settlements. However, they have not released financials yet. Where do you think the stock goes from here?
Those revenue numbers were fake and fraudulent as I said all along. The MSLP Accounting Firm resigned and MSLP issued an 8-K stating the revenue numbers were not accurate. That is why MSLP has not filed 10Qs for nearly 2 years now.
There is less than $400 of total "institutional" float available.
The first number is my institutional shares available to short. No one is shorting (or can short from a retail account) at these levels as "insider" could wipe you out in a second before the equity price crashes again so the actual number of shares available to short (ie retail float) is 3,225 or about $400.
You would spend more in trading fees to acquire so this stock is officially illiquid.
Don't forget "insiders" White Winston and Buck Wessel Amerop bought their position at over $2 a share and have sued Ryan several times so good luck.
Another significant insider is Wynnefield who bought their 1,000,000+ shares at over $8 a share. Every long has been wiped out as I have said would happen for those who remember my posts as goldberg-stein and such.
I'm all for creating a counter narrative, but you're citing estimated restated numbers for the nine months ended September, 2018*. They are entirely irrelevant in establishing value as of March 30, 2020.
*this also ignores the fact that the prior audit firm fired them because of lack of sufficient controls and/or willing misrepresentations.
Musclepharm's Instagram is Gaining Lots of Traction
https://www.instagram.com/musclepharm/
4,337 posts
634k followers
From a Recent workout video they posted:
https://www.instagram.com/p/B-VHcKQpBTU/
8,672 views
$MSLP
9 Month revenue is 74-76 million, market cap is 5 million. This is trading at 1/20th of annual sales.
Recent stock slide is from media advertiser selling shares which it has finally exhausted. It's been under immense selling pressure.
Just 3 months ago, MusclePharm lost it's class action suit brought by customers for false advertising on protein content. MusclePharm is hiding how much the customers were awarded and why we haven't seen a single SEC filing in almost 5 months.
With restructuring charges put to rest, MusclePharm’s turnaround plan gains credence
23-Apr-2018 By Hank Schultz
Embattled sports nutrition brand MusclePharm has turned a corner in its recovery efforts, according to CEO Ryan Drexler. The company, whose continued existence at one time seemed to hang in the balance, is on a solid growth curve, he said.
HTTPS://WWW.NUTRAINGREDIENTS-USA.COM/ARTICLE/2018/04/23/WITH-RESTRUCTURING-CHARGES-PUT-TO-REST-MUSCLEPHARM-S-TURNAROUND-PLAN-GAINS-CREDENCE
$MSLP
MSLP has been sued by National Bank Holdings Canada in February 2020. Ryan continues to stiff and defraud.
PHOENIX, Dec. 17, 2019 /PRNewswire/ -- On December 3, 2019, the Maricopa County Superior Court entered FINAL JUDGMENT in favor of ThermoLife International, LLC and against MusclePharm Corporation in the total amount of $1,680,000, including accrued interest, attorneys' fees, and costs.
The entry of FINAL JUDGMENT in ThermoLife's favor brings to the end almost three years of litigation related to MusclePharm's failure to pay ThermoLife for ingredients that it was obligated to pay for under the terms of a 2015 License and Purchase Agreement.
MusclePharm was represented in the lawsuit by the New York law firm of Kasowitz Benson Torres. The Kasowitz law firm describes itself as the "pre-eminent litigation firm in the nation." MusclePharm, and its New York attorneys, defended the case vigorously, with MusclePharm asserting a counterclaim against ThermoLife claiming over $5,000,000 in damages. After expert testimony revealed, as the Maricopa County Superior Court found, no reasonable juror could find in favor of MusclePharm on its counterclaim, the Court granted ThermoLife Summary Judgement and dismissed MusclePharm's unsupported counterclaim against ThermoLife, and ThermoLife's claims against MusclePharm proceeded to trial.
https://www.prnewswire.com/news-releases/thermolife-awarded-nearly-1-7-million-dollars-in-lawsuit-against-musclepharm-300975881.html
Under $100 buys the total volume traded on MSLP for the past months. Your trading fees would be higher than you stock purchases. Keep dreaming. HFT pings are the majority of the shares traded anyway in lots of 1-60 shares and no retail. If retail investor was buying he would be paying a retail trading fee ($9-$40) on a total purchase of 2 cents of actual stock. No "all or nothing" trades are filled on this equity. The stock doesn't even open or have a bid on average of 1 out of every 3 trading days.
Good luck with strategy.
Carl...
What fundamentals? Please expound.
MSLP owes over $30m to shylock vendors who hold all the inventory and Accounts Receivable as collateral. MSLP just lost another lawsuit to Thermo Life for $1.7m and has exhausted all appeals. Final judgement was awarded in November. There are still 2 pending lawsuits exposing MSLP to millions in judgements.
MSLP hasn't filed any financials in almost 2 years but were losing massive money on revenue 2 years ago. Margins were already crap and MSLP has converted to the majority of sales in the Amazon and Costco channel over the past 2 years which are huge net losers.
MSLP has no assets. They are all pledged as collateral to shylock lenders charging 20% interest.
Ryan has pulled less cash than you think out of MSLP has he converted the $18m debt he personally injected in all those scams against vendors into stock at over $1 a share.
His history is full of losing his trust funds given by his daddy Halbert. He lost everything in Quicksilver and Bebe Sport.
You Jumping in with both feet on a stock that trades as pennies on basically no volume where total trading value is not even $10 most days make no logical sense unless your trading account is only $40 and you buy 100% the days shares every day for 6 months.
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