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.
Interesting observation: Buck acquired his shares in a private transaction. Presumably, they're still restricted. Due to what I suspect is an errant checkbox in the August 10-Q stating that the company has not filed everything required under 13 & 15(d), those shares cannot have the restricted legend removed under rule 144.
Bakery Barn cut MSLP off ~June 30 so essentially at the beginning of Q3 numbers about to be reported but that BB CCB inventory was still on shelves during part of Q3 and was sold. The new manufacturer inventory arrived in Q3 and has been poorly reviewed to say the least.
Undoubtably Q3 is bad
But Q4 is a disaster as all the BB product is gone and and customer re-orders have halted and MSLP products have fallen completely off the sales lists at popular retail sites.
On bb.com, CCB was still the #1 best selling Protein bar in June, July & August even though it began to fall down the overall product top seller list as the BB product sold off and new manufacturer product began filling the channel.
Now in just about 45 days, CCB has gone from #1 down to #5 in the protein bar best seller list on bb.com and MSLP doesn't have a single product in the Top 50
MSLP has one single product in the T50 Muscleandstrength.com list and is #37, a $8 retail CLA core jug. MSLP just slashed the retail price again today down to 2 for $17 as product is rejected and just sitting on retail and warehouse shelves.
Q3 is pertinent but does not reflect the post Bakery Barn fiasco in its entirety yet. Q4 will and is a disaster as cash flow has come to a halt.
Look at 100% of the lowest possible rating for CCB on the most recent bb.com review. These aren't cherry picked negative reviews interspersed with positive reviews. Every review agrees but these are not MSLP stock cheerleaders who are trapped in a losing investment.
Partly..... he has been spouting that Drexler wanted bankruptcy.... I don't see that yet.
I understand their financial situation is dire, but his 'inevitable' bankruptcy he has been saying is atleast kicked down the road.
Ill be interested to see the CCB numbers based on the new manufacturer and orders, since it appears customer retention is very low.... I don't think its as bad as all the reviews state. I have had the new formula myself, and I don't think they taste that bad. Different from the old bars, but NOT like eating sneakers like some people say.
That whole charade went down exactly like you said it would. Great insight!
Sadly, I couldn't agree more with this statement. Getting rid of Drexler was the only shot at pulling this thing out of the dump.
I would not be surprised to see a derivative lawsuit down the road. Amerop's offer would have been dramatically more beneficial to the common holders. Business Judgement Rule applies here, and I do not see any reasonable basis for determining that the extension under those terms was in the company or shareholder's best interest.
Common shareholders get both sides of the double barrel
There is literally no case can be made for a successful long investment in MSLP.
Paying 12% on the notes
AND
Getting diluted by >100%
Cheerleaders get the honor of 12% expense before get crushed by dilution in a best case scenario.
There are ~14m shares outstanding currently and Ryan's convertible could add ~17m+ more in the longs best case of conversion.
CEO Ryan has clearly shown his intent to devalue the shares. They are worth nothing, nada, nil.
CEO Ryan has clearly shown his intent to bleed the dwindling cash flow into his personal pocket. This is always the case in a failing enterprise. You steal the cash flow before the ship sinks.
What's the timeline for expiration of products from production date?
mtc
What is the current outstanding debt to Prestige @ 20%? or Crossroads @ 18%?
MSLP is already bankrupt and using DIP financing (Debtor in Possession) from these two subprime lenders who have collateralized Accounts Receivable (Prestige) and Inventory on Hand (Crossroads).
Drexler note interest is not mandated backloaded balloon. That optional term is just additional poison pill to any activist investor. Any reasonably sophisticated investor realizes that but interest is the least of MSLP worries that only comes into play in bankruptcy court.
Not even close to covering until $0.0xxx
You do realize MSLP is down -28% this week?
Rah, Rah, Sis, Boom, Bah! Go MSLP!
18mil has been refinanced to 12% (as Madcow stated) and is due;
"Both the principal and the interest under the Refinanced Convertible Note are due on December 31, 2019, unless converted earlier"
2 years is a lot of time to accrue interest, BUT is a lot of time to get back their footing.
MadCow, you going to cover your short tomorrow now that they aren't going bankrupt from the note payments tomorrow?? What price are you looking to cover at 50cents, 30cents?
Are you getting greedy with your 900% gain on your current position (or whatever you are up)?
Whats next sensei??
New 8-K
Reader's Digest version
CEO Ryan amended the notes to $18m @ 12% interest due 12/31/2018 with convertible option price $1.11 per share.
Your move Buck?
Did your lawyers pass English 101 yet?
Look at Obus and Buck Wessell still pouring money into this trap when any fool can see customer rejection of product that is not going to come back and margins are worse now than they were under Brad. Expenses are higher today too if you look at the Revenue:Expense ratio. Rev % has collapsed greater than Ryan's expense cuts % so the cuts are counter productive to necessary cash flow. Now you see the debt explosion to cover operating losses and enterprise value goes negative.
Obus bought his first 1m shares @ $9.xx and has been buying nearly every Q all the way down to todays $.95 cents. Obus has 1.63m shares now
He is supposed to be a professional.
Buck was just trying to buy his son an executive job as his son is another loser trust fund baby still living at home and unemployed at 25 years old.
Buck is not an equity investor. He has no other equity investments that qualify for 13F. Buck just owns a Canadian Roto-tilling blade company that he inherited.
Could never figure out why the cheerleaders on here couldn't see the writing on the wall. I have pointed it out to them for years now and you certainly have.
I guess some people take it personally when they are told they are wrong. That and the fact that most investors are driven by emotion.
Let's revisit this from ~2 weeks ago:
Q3 is going to be bad and if MP doesn't default or declare bankruptcy before Q4 ends, Q4 is going to be a disaster. Revenue has just evaporated in Q4. Customer attrition has become complete customer rejection in Q4 according to every public sales metric on the major retail sites like bb.com, M&S.com, GNC.com and Amazon.com.
I have been to multiple Sprouts in multiple cities and states the past 90 days and have not seen a single MP product.
I encourage any cheerleader to just take a pic of an MP product on a shelf in Sprouts.
As I wrote after the most recent conference call announcing the Sprouts launch, MSLP couldn't sell any product in 7,000+ WalMarts, 7,000+ Kroger stores, countless Sam's Clubs, GNC and now bodybuilding.com
But there are 253 Sprouts locations in the US that will save the company.
As I have made it no secret I have a house in DC Ranch Scottsdale, AZ and have posted several photos of the Kroger Fry's Signature Nature's Market section that is the most complete grocery array of supplements I have seen and not a single MP product. Sprouts HQ are in Phoenix. I have a neighbor who is a senior executive with Sprouts HQ (office near Cactus/Tatum). I asked him about MP and he has never heard of them even I after I informed him of the launch. Slotting fees are outrageous as well so MP can't afford shelf space.
Here are my posts on Kroger's
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=117430563
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=117430635
Yeah but their natural series just came out . . .
LOL
A hush falls over the cheerleader crowd as MSLP hits .80 cents
Will Ryan resign tomorrow and declare the notes in default on Thursday?
Blew past .99. Any longs can now scrape up some change from their couch for some more shares. Go MSLP!
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......
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: |