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Need more evidence?
MusclePharm only has one single product on the muscleandstrength.com T50 list and it is #35 and a $9 retail product. Revenue is crashing in Q4.
https://www.muscleandstrength.com/store/top-sellers
Combat Crunch is really tumbling now in Q4.
Down to #5 on the Protein Bar list and crashing hard.
https://www.bodybuilding.com/store/best-protein-bars.html
Combat Crunch is gone. No longer a T50 seller. MP has ZERO products on the bb.com T50 list.
Complete colony collapse disorder under queen bee Ryan
https://www.bodybuilding.com/store/top50.htm
I'm waiting for mail....since you invested in mslp between 2011 and 2016.....
Or a "sincerely yours"?
Class action....
----
I'd still take a personal meetIng before a college fund....I believe ; thus invest in myself.
Tell: Jackie and the bean stalk you want to build a railroad.
There are only so many pawns....
When you play a ghost? What happens?
Only you will know when patience is worn.
I've managed my most recent "ignorance" at 16%. Well above my previous 66%.
And on a correlated basis of + 40% vs real - 92%.
The limitation of Llc protection is loose....you must have more
You want to bet?
$4 by April 18?
I'd always thought he was short....
Wynnefield bought another ~200k shares since June 30.
But they are still down over -$7m to date on their current investment since 2013 in addition to already taking a loss of -$2m selling in 2015.
Obus needs a six bagger from here to just get even. Good luck with that.
4 trading sessions left before D-Day (decision day) as the maturity date of the $17m of convertible is this coming Wednesday.....
In addition, Q3 earnings release is imminent with huge implications to the company as a going concern....
In addition, an activist investor with over 2m shares is saber rattling threatening to buy up to $25m in shares.....
Yet today we see only ~$2,000 worth of transactions.
Yawn....MSLP is already essentially bankrupt.
SLC
As for "off-shoring", you have yet to see how this plays out.
I can give you countless examples of statements I made that played out over 9 months like the Capstone theft of product or CEO Brad's secret cash loans on his insider holdings with Canaccord that I disclosed way before it finally came out.
Heck, when I made an obvious statement that Obus and Drex were in cahoots 2 years ago while everyone here scoffed like you do and just yesterday the SEC filing came out that proved they had a standstill agreement that didn't expire for 2.5 years.
I could go on about Frost and Barry but not worth my time.
What difference does it make when a poster here states ridiculous stuff like S777 loves #1 best selling Combat Crunch when it's simply not true?
I don't care what he thinks. I know the truth and disclose it here. It takes dumb money to be on the other side of my transactions so I appreciate S777's "contribution"
I don't disagree that you have been accurate in many of your statements, nor do I doubt that you once were long to your benefit.
I am merely commenting on the endless recounting of every shortcoming the company has had (peppered with a few conspiracy theories that never materialized - what happened to your recent claims of "offshohoring"?), the endless reposting of negative BB.com and Amazon reviews, and the commentary you add to each such negative review on those two sites.
SLC
You're at least number 1001 taking this stance with me here and all have been left licking their wounds while I continue to successfully do what I do. Remember Rhenarium? brinyc? turok? bb33? et al? The list is countless. I offered several of these 5000 share private transactions on the other side of my trade but they are all talk. We are talking multiple 5000 share transactions when the PPS was $12.88 or above so you are talking $60K+ per so I understand the crickets. If you are a moderate player, go ahead and propose a private transaction between you an I. I have a decent size position still.
But if you did your due diligence, you would know I went long $6.xx in April 2014 and sold between $12.88 and $14.20 closing out in October 2014 and subsequently went short and covered 25% of my position @$9.xx before certain decisions were made to run the company into the ground and I've held that position to date. Of course I've posted here numerous dark pool trades transferring insider shares that were liquidated subsequently that the cheerleaders denied initially until I posted screenshots and such. Of course I posted nearly all my real time transactions on the board here along with all the valuable due diligence that is exclusive to my work like the $21m in delinquent payables to Capstone that I revealed daily for 9 months before the company finally did or the EVP Rollock resigning over the new pricing at Sam's as his GNC contact blew a fuse or Brad's country club memberships and clothing allowances before they were released or the $2m interior decorating charge Brad paid to his wife's best friend that to this day hasn't been released but is true. I was also the source of disclosing MSLP was paying bb.com's DeLuca $100K a month for placement before the SEC finding. I also disclosed that CEO Brad was moving his shares to Canada broker dealer in a loan scam with Canaccord. I can gladly provide you with all the SEC investigators #s and emails as I posted some of my correspondence with them on this board. I also was the source that tipped the IRS about the share grants that resulted in the $5m assessment (you know they pay a 20% commission for successful recovery tips?)
Unlike the cheerleaders here, I see things they way they are and that is why I successfully traded as a long and a short. I still trade to test occasionally to test the veracity of the volume and elasticity of the price.
Remember this when S777 asked for confirmation? As a profession platform trader I have access to trade in dark pools as you can see on the trading statement below.
or the Bakery Barn filing?
I also posted all CEO Brad's bankruptcy records that showed he claimed only $200 in cash, a new shotgun, a gold chain and $800 worth of clothes as he swore he was homeless and slept on his parents couch.
I could go find them again here but nah, back to my work......
Are you the "let it ride" World Series gambler? For $14m?
Would you do the same with an mslp bet?
These bets interest me.
The mechanics of an mslp short bet require much more than confidence and capital.
The technical outlays would require a dollar per dollar plus interest?
I wouldn't utilize the word fear the way you did. Maybe he parlayed somebody else's guarantee on my daughters college fund? At the current moment I'd be a happy participant, but willing to close that mslp position. It's a timing issue.
Diversify?
The only legitimate argument I've ever heard for diversify is protect one self from their own inadequacy.
It's not necessarily a bad thing; it could an admission. Not all of us have the time or resources to explore every depth; but that in itself explains why diversification is not justification.
Mslp has been had opportunities to move in other directions; it doesn't have the hindsight excuses they likely all tell themselves.
While I don't disagree/ nor agree with elixir( I just don't know)....the oddities intrigue me....why did the board formally reject?
The Llc protections are not so great to deter reclamation.
S777
Remember the forum moderator bb33? Look at the date "cough, cough" bellator sold and went short.
basebalplayr33 Wednesday, 10/22/14 05:10:16 PM
Re: bellator_exec post# 70623
Post #
70726
of 78080 Go
I take it you no longer hold 20k+ shares long?
S777
I can honestly recommend Tontis_Acheater, bellator_exec and Goldberg-Stein for financial advice. Go look at "their" record.
https://investorshub.advfn.com/boards/profilea.aspx?user=429520
https://investorshub.advfn.com/boards/profilea.aspx?user=471865
https://investorshub.advfn.com/boards/profilea.aspx?user=537894
Let me give you a message from 2013 that may sound eerily familiar to you
Tontis_Acheater Friday, 11/08/13 06:48:05 PM
Re: None
Post #
59730
of 88119 Go
Hate to burst the bulls bubble but this was a debtor in possession loan. A $700K investment due in 60 days secured by essentially all Fuse Science assets. This is how bankrupt companies who are running out of cash access operating capital and transfer assets to a third party.
Simple financials show Fuse is losing more than $10 for every $1 in revenue. In simple terms, Fuse is losing $1.2 in cash every month on $100K in revenue. Balance sheet shows $300k as of last quarter so you see Fuse was out of cash.
This is horrible news for existing shareholders and just a signal that Fuse assets are heading out the door within 60 days. If the $700K note + interest is not paid back in full in 60 days, the investors are entitled to foreclose on essentially all Fuse Science assets. Game over for equity holders.
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
The Wynnefield Reporting Persons are currently bound by an agreement with the Issuer containing standstill provisions which, among other things, prevent them from making an alternative proposal with other interested parties to the Issuer’s Board of Directors, which has refused to waive such restriction. The standstill agreement also prohibits the Wynnefield Reporting Persons from publically criticizing the Issuer and its Board. The standstill provisions of the agreement expire on December 25, 2017, at which time the Wynnefield Reporting Persons expect to publicly comment further.
Other than as set forth in this Item 4, the Wynnefield Reporting Persons do not have any current plans, proposals or negotiations that relate to or would result in any of the matters referred to in paragraphs (a) through (j) of Item 4 of Schedule 13D. The Wynnefield Reporting Persons intend to review their investment in the Issuer on a continuing basis, and to the extent permitted by law, may seek to engage in discussions with other stockholders and/or with management and the Board of the Issuer concerning the business, operations or future plans of the Issuer. Depending on various factors including, without limitation, the Issuer’s financial position, the price levels of the shares of Common Stock, conditions in the securities markets and general economic and industry conditions, the Wynnefield Reporting Persons may, in the future take such actions with respect to their investment in the Issuer as they deem appropriate including, without limitation, purchasing additional shares of Common Stock, selling shares of Common Stock, engaging in short selling of or any hedging or similar transaction with respect to the Common Stock, taking any other action with respect to the Issuer or any of its securities in any manner permitted by law or changing its intention with respect to any and all matters referred to in paragraphs (a) through (j) of Item 4.
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.
*This term sheet does NOT constitute an offer*
This term sheet (i) is an indication of interest only regarding a transaction on the general terms and conditions outlined herein (the “Transaction”), and (ii) does not create a binding obligation (including any duty to negotiate), fiduciary relationship or joint venture between the parties. This term sheet does not constitute an offer, agreement (conditional or otherwise), agreement in principle, agreement to agree, or commitment (each a “Commitment”) to provide financing. For the avoidance of doubt, a Commitment would only be evidenced by a subsequent document executed and delivered by the Investor setting forth the terms and conditions, and providing for the closing, of the Transaction and would be preceded by the satisfactory completion of all legal, accounting and business due diligence.
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?
SLC-JD Monday, 10/30/17 03:39:29 PM
Re: None
Post #
79869
of 79870 Go
So the BOD is going to turn down an offer to replace 18MM of secured debt
Buck (and the rest of the shareholders) are going to have an easy time making a case for breach of fiduciary duty.
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.
This term sheet (i) is an indication of interest only regarding a transaction on the general terms and conditions outlined herein (the “Transaction”), and (ii) does not create a binding obligation (including any duty to negotiate), fiduciary relationship or joint venture between the parties. This term sheet does not constitute an offer, agreement (conditional or otherwise), agreement in principle, agreement to agree, or commitment (each a “Commitment”) to provide financing. For the avoidance of doubt, a Commitment would only be evidenced by a subsequent document executed and delivered by the Investor setting forth the terms and conditions, and providing for the closing, of the Transaction and would be preceded by the satisfactory completion of all legal, accounting and business due diligence.
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
On October 22, 2017, Amerop contacted the Special Committee and urged it to reconsider its decision. Amerop offered to conduct limited due diligence in connection with its proposal and also informed the Special Committee that it had identified senior management personnel with relevant industry expertise who it believed would be available to become officers of the Issuer in the event of departures by one or more members of the Issuer’s current senior management team.
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.
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