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Hahhahha, Again failing to post the other half of the chart.
And do answer your question, if you remember, the split adjusted price was about $4/share... then it went up to around 10.... you see.... if one was to buy at 4 and sell at 10 (as I did, you would make money). It sounds like you did the same thing. Or maybe you bought after it dipped again to $6 and went to $14.... if you bought and sold (which I did, you would make money on the long side).
You can cherry pick charts all you want, but you cant argue from 2012-2014 there was money to be made on the long side. HELL, you even were long in that period.
So thanks for worrying about me, I have plenty of capital, don't you worry.
ha....his non-compete has expired and I hear he is going back in biz though not with Cory. Brad is down to let you pay his country club dues and he will spew his prospectus rap.
Do you think he actually learned something? It's funny because he did build a legit company but treated it like he thought is was a scam. But scamming is in his DNA.
so we can verify mtc is dumber than Jimmy Jams, TheExpertHimself, Barista, brichnyc, turokman, rhenarium, MrHaigs, stupidified777, etc........ who all had the common sense to just stick their tail between their legs and wander off into the desert never to be heard from again. Mtc has no where to go as his capital is gone and now he just lives under the MP underpass as he tells the other homeless how rich he is from his MP long investment in a 3 year chart looks like an Olympic ski jump ramp. Yeah, longs made a fortune. Let's ask Nelson Obus who has been long since Q1 2013 and is still adding and is down more than -90% as its verifiable through his 13F filings on Whalewisdom.com
Keep cheering cheerleaders until MSLP is $0.00xx (not too far off)
Until that point, like a tree falling in the forest, I won't be there to hear it so your fantasy is solitary.
mtc, show me the reviews on faulty product before May/June 2017? It was 90% positive.
I can show you 90% terrible reviews after MP switched manufacturers July/August/Sept/October/November .
That's why I post verifiable screen shots and you just shake pom poms.
Cheerleaders are such poor allocators of capital.
codie....what is the adjusted "pre-split" price now?
Didn't every cheerleader make money on the long side now? Haha
exactly codie
MSLP "paid" $700K settlement for "undelivered" product from Bakery Barn. I posted the screen shots of the lawsuit.
MSLP nor any customer ever saw nor tasted the product Bakery Barn suit referred to. MP calling the product moldy is just plain stupid "again" as Ryan just stiffed the company as MP ran out of cash again.
If they made up the excuse, I would highly doubt BB would have settled for half the price of what was owed. If MSLP didn't have proof they could have been taken to the wood shed by BB.
There was 1.4mil in product owed to BB from MSLP, much of it was bad, and while BB realized that, MSLP agreed to pay for the portion of it that was still saleable. The settled to pay 700,000.
I wont refute they didn't have money to pay them, but I would argue they also didn't pay because of the faulty product.
Seeing all the complaints about stale bars out there, I would expect that some was the product that they got from BB at those times. It may not actually be ALL the 'new manufacturer'.
I purchased a new box of Chocolate Chip Cookie Dough on BB.com a week or so ago, rcvd it, and tasted just like all the others. Soft inside, chocolate looks great on the outside, I have bought many different boxed, VERY LITTLE difference between boxes. However, I only purchase CCCookieDough so that is just my experience.
As far as investment wise, I have sold my shares, and like I told Madcow, I actually made money over the years on MSLP. The last purchases were losers, but the 2 transactions before that were winners.
I gave the company the benefit of the doubt through the restructuring, and wanted to see it play out with new management. Cutting headcount, SKUs, etc, its what needed to happen, but they were too far gone. Obviously didn't work, but if it had, they would have been a quite profitable company. Their products are good, brand is good, management is crap....
Sometimes you make money, sometimes you lose money, risky stocks like this are always gamble, hence small weightings and diversification.
Unless you are MadCow, you never lose and always win.
Please, they couldn't afford to pay them so they made that up as an excuse.
It's this nonquestioning faith in these crooks that have kept you long in this stock while it does nothing but tank.
How many times do they have to pull this stunt before you realize what is up?
Would you pay a manufacturer that sends you moldy product? I would NOT....
Can you read?
Which is why they settled half the initial suit, MSLP refused to pay for crappy product.
MSLP isn't selling the moldy product from BB, which is why they were sued them for the damages of said 'moldy' product.....
Its funny how you forget about the other half of the chart from 2012-2015. So the fact you think you know my investments more than I do is hilarious. I actually owned this stock PRE-split. So ive been here for a while.
So yes, I have made money being long on MSLP. I do know how investing works, MSLP was a minuscule portion of my high risk portfolio. I diversify. I don't need to waste so much time and effort on 1 investment.
Using a portion of profits from selling stock in 2014-2015, I opened a position at 2.90 in 4/16, then purchasing more this past summer for DCA of $2.03.
That's that.
You can gloat all you want. But your s*** stinks just like everyone elses.
codie, exactly. Haha
I would believe it is common knowledge now that Ryan is a deadbeat so any supplier not demanding terms of prepaid Cash on Order/Manufacture deserves to get shafted.
That is why it was necessary to sell of 60% of every receivable in Q3 at a 20% discount. MSLP is required cash up front for supplier purchase orders and doesn't have the legit cash flow necessary thus must borrow it from the subprime Debtor in Possession lenders and sold off almost ~$14m in Receivables in Q3 for $10.3m in cash from Prestige.
More remedial math
Expenses are cut to the bone. Endorsements are now $12K annually to a sherpa manager and some other forgettable no body.
Yet, MSLP still lost $4m in Q3 that they readily admit they "adjusted" down to a $2m loss. The adjustments are the fake "gain" on the settlements where suppliers settled for something rather than nothing. Of course this isn't a legit, repeatable and sustainable gain so strip those out and MSLP lost $4m cash in real cash operating losses in Q3.
MSLP cannot even break even much less generate a real profit
COGS is .67 on every $1.00 in sales
Ryan's interest revenue tax is .03 on every $1.00 in sales
MSLP sold off 60% of their total Q3 receivables for 80% face value. That is desperation for cash flow.
MSLP has now hocked its inventory too.
Now Ryan says expenses are going to go significantly up as the move to Burbank California comes with higher employee costs both salary and taxes as CA has one of highest State Income Tax Rates in the country and Workers comp is outrageous. Not to mention the loss of worker productivity in the gridlocked valley.
The funny thing here is, Musclepharm will skip out on paying their new manufacturer like they always do and will get sued again.
Did anyone think about this?
CEO Ryan is paying himself almost $8,000 ........A DAY......EVERY DAY.......EVEN SUNDAYS AND HOLIDAYS.......for the interest payments on the MSLP operating losses.
$8,000 a day even before salary, bonus, stock options
Ryan is paying himself $700,000 per Q (every 90 days) for interest.
This is occurring as Revenues continue to contract and are now on a $90m 12 month run rate.
Ryan is paying himself nearly a 3% revenue tax right off the top line. That is crazy as it is before any interest payments to Prestige @ 20% and Crossroads @ 18%.
As revenues continue to decline the % revenue tax goes UP as no principal is ever repaid
mtc
Oh, so you have profited being a long?
Are you reading the chart upside down?
It would be impossible to profit being a long and don't you think an intelligent investor would see the other side of that trade was easy street?
In addition you claim to have sold at $1 which is pretty much the bottom of this chart and 99.99999% of the shares were "bought" above your claimed sale level. Do you understand how investing works or is this a cheerleader's virtual investment?
No reply necessary. That is why I included the multiple quotes from your peers showing how outrageous and inept their investment thesis and skills are in hindsight.
Back to your cheerleading. Too bad the cheer can only make to "2 bits, 4 bits, oops that's all I have left"
Your inflated ego is something else.
I was merely pointing out your statements about CCB and Bakery Barn are currently false, so you can stop spamming Amazon with the same coded comment. Since its now false.
I am not comforted by the 64 cent share price today, but that is also about half the price I sold my shares for. I gave the company the benefit of the doubt on many occasions so I cut my losses around $1/share.
You can make up some BS how I bought shares at $14, but you don't know jack. I actually sold many shares in the 12-14 range, I bought near the bottom both times and sold near the tops..., and was in my most recent position around a $2 average. I made money being long this stock, the last position was free from prior profits, so all I did was cut my profits in half. No big deal.
I don't get off on this craziness that you do, but kudos to you for being on the short side.
The writing has been on the wall for a while, but many things could have turned it all around.
mtc
Down -70% since May (that is 6 months) and that was when the stock was only $2.xx
You are in $14. How many more times have you doubled down? Those little up spikes don't last long (the most recent were only 100 shares or less and not authentic trades) so there is no profit on the long side.
I went short in October 2014 in real time here (bb33 was the mod back then) on this thread and look at this chart
Ugh! Down another -20% and still falling even before the recent Bakery Barn fiasco and customer revolt. Guess the initial channel stuff for Natural Line flopped as total sales are still declining.
Q1 2016 $29.7m
Q2 2016 $23.5m
Q3 2016 $18.7m
Q4 2016 $14.8m
Q1 2017 $17.6m*
Q2 2017 $14.6m
Q3 2017 $14.5m
MSLP lost $3.3m in cash in Q3 and it may have been $4.xm as there is a mysterious NEW ~$1m net line item increase for doubtful accounts on the cash flow statement in Q3. Is a big retailer going under? GNC? Vitamin Shoppe? Euro/Global retailer? It's $1m bucks in a receivable that is now doubtful enough to include in the SEC filing. Not incidental.
Ryan can't collect his cash fast enough now the ship is nearly sunk. He is cashing out. He formerly deferred most his interest in 2016 (taking only $400K in cash).
Now Ryan has taken $1.8m in cash in only the first 9 months of 2017. He is looting the checking account as he knows its overdrawn.
The only cash on hand is the new borrowings from Prestige that is up to net $5m owed on the balance sheet and at a huge loss.
Crossroads borrowings are still a mystery as the transaction was subsequent to Q3 close.
mtc
Are you comforted by the .64 cents a share price today that my excellent due diligence predicted?
Ryan came back to Bakery Barn with his tail between his legs. The lack of margins on CCB using Bakery Barn is what caused the dispute in the first place and nothing has changed about the margins going forward. On the contrary, Bakery Barn will not allow Ryan to fall in arrears again and has all the leverage.
How many former customers were lost? Countless. They aren't coming back.
Since Q4 began....
MSLP has ZERO products on the bodybuilding.com Top 50 list. ZERO!
MSLP has one product on the MuscleandStrength.com Top 50 list. CLA Core @ $8.50. Wow. MSLP best seller is a $8 fat burner fraud.
The real customer drop off came in Q4 and we won't see those numbers until 10-K in March 2018 a full 135+ days (more than 1/3 of a year) from today and likely 90 after the Q4 close. These numbers will be a disaster.
The $24m in rev reported in Q3 is very likely 4 months worth of sales as I'm confident CEO kept the Q3 open way past Sept 30 and likely deep into October.
This and other fraud is likely why the brand new VP of Finance resigned and would not sign off on this filing and now Ryan is the CFO with a political science degree. The 8-K today clearly implies the VPF (essentially CFO resigned due to disagreement/dispute)
MSLP 12 month run rate is now $96m. That is what MSLP revs were in 2013.
Q3 numbers are at a 4 year low $24m and still falling. Not bottomed out and launching like CEO Ryan said in Q2 conference call.
Domestic Sales just hit a 4 year low $14m in Q3. Still falling.
"On October 27, 2017, the parties settled their dispute and entered into a settlement agreement, pursuant to which the Company agreed to pay Bakery Barn $350,000 on October 28, 2017, and an additional $352,416 by November 26, 2017. The parties also agreed that Bakery Barn would resume producing products for the Company under substantially the same terms embodied in the oral Manufacturing Agreement, until such time that the Manufacturing Agreement can be reduced to writing."
Looks like BB will continue to make Combat Crunch Bars again.
UH OHHH!
You mean no more spam from Madcow about the 'new formula' blah blah blah.
Looks like Musclepharm's Natural series didn't do much for the top or bottom line.
They are done. No options left.
Wynnefield still riding this donkey into the ground
Added another 160,550 shares in Q3 and now has 1,636,305 or 11.3% of O/S according to today's 13-F
Wynnefield has invested over $12m for these shares including the $2m loss they incurred in the private sale to CEO Ryan that deposed former CEO Brad. Today these shares were worth 1.6m x .64 cents a share = $1.04m
Not bad heh? Obus turned $12m into $1.04m? When you are indicted for insider trading and have the feds watching your every move, Obus turned into MrHaigs type performance.
Good call! LOL
stupified777 Tuesday, 10/24/17 02:13:55 AM
Re: bugsbrunny post# 79826
Post #
79830
of 79962 Go
Please...I beg you...Short the stock!!
Vitamin Shoppe takes $106 million writedown, reports massive loss primarily from sports nutrition category.
https://www.nutraingredients-usa.com/Article/2017/11/13/Vitamin-Shoppe-takes-106-million-writedown-reports-massive-loss?utm_source=newsletter_daily&utm_medium=email&utm_campaign=13-Nov-2017&c=WRrJVl7LJ0nM9jgXB98mLw%3D%3D&p2=
Vitamin Shoppe blames 80% of the earnings decline to drop in sports nutrition sales. Calls sports nutrition a race to the bottom.
This is a sign of things to come in MP earnings.
***Notice this VP of Finance (essentially CFO as MSLP has no CFO position currently) resignation filing DOES NOT contain the usual boilerplate regarding "resignation was not as a result of a disagreement or dispute with the Company." that usually accompanies executive resignations.
This clearly implies Mr. Anton's resignation was the result of dispute. I'm certain he did not wish the personal liability of signing off on the MSLP financial fraud currently taking place.
Look at Mr. Doron's resignation with the usual boilerplate for example a couple months ago:
Hilarious as another senior executive level "new hire" leaves the company in the first days or weeks when they witness the internal fraud first hand. This is clear pattern as the C-suite revolving door including VP of finance, COO and CFO have all resigned within days or weeks of hiring. Of course 3 former CFOs have also been sanctioned and had their CPA credentials revoked due to misdeeds at MSLP. This must be a requirement of MSLP employment.
Joins in August and resigns in September
Earnings release deadline is tomorrow and still no company notification of scheduled release nor conference call.
Could there be an extension request filing tomorrow as the company is in chaos?
SLC,
Just to be clear and concise
Ray Charles sees your due diligence was reading a press release penny stock bot page regarding a "massive" insider transaction in MSLP of 2m shares @ $4.5m
That's all it took as you told yourself "They must know something!"
Well, they clearly don't.
If this isn't a lesson into proper due diligence for you, then you deserve to sit with Buck Wessel in the corner crying about his losses.
LOL
Presume into your investment....
Ray Charles can see into your investment in MSLP.
You clearly got suckered with insider transaction action just like the cheerleaders did when former CEO Brad bought ~50K shares @$10-$14 on the open market but was shorting them subsequently as cover to hisi 500K share grant @ $0. It was meant to attract flies to $hit and it works if the fly is stupid.
Whereas I have provided a wealth of screenshot and verifiable due diligence, cheerleaders like you et al keep splitting hairs looking for the needle in the haystack that doesn't exist.
Take your vinegar like a man.
PS Arnold's shares unlocked 3+ years ago.....but welcome to the party that ended long ago. Just because the music is still playing doesn't mean you can find anyone left to dance with and that is exactly why Arnold demanded a bulk transaction on his shares in settlement. Buck was either lied to in a secret unenforceable collusion deal with Ryan or is a complete idiot. Take your pick as it doesn't matter. The result is the same.
PSS For kicks, go look at the PPS action when Tiger Woods sold his mslp stake into the open market during his cash settlement and didn't demand a bulk transaction as part of the deal.
Arnold may be a clown, but he is no fool.
That was unwarranted.
1) Please do not presume that you have any insight into my "investment".
2) Nothing in my post was "Cheerleading" or trying to justify anything - it was merely an observation that Buck, or anyone else holding restricted shares, are stuck right now. Look at the first page of the August 10-Q.
3) Nothing in the pile of unrelated documentation you posted (yet again) provides any meaningful counterpoint to the central premise of my earlier post. The shares that Arnold received from MP (in a private party transaction) almost certainly bore a restricted legend. Their conveyance to Buck (in a private transaction) did nothing to change this fact. However, I freely acknowledge that Buck's open market acquisitions (not a private transaction) were not restricted.
No. You're misinformed.
Buck bought Arnold's (Marine LLC) 780K shares in a private transaction. Arnold in his legal settlement with MP demanded a bulk private transaction as part of the settlement when he saw the former MSLP CEO John Price resign from MSLP and take the CFO job at AllianceMMA and see his 150K MSLP share open market liquidation drive the price down 50% in 2 trading sessions.
Arnold also received a $1m immediate payment in Jan '17 with $2m payment due July which in Q2 earnings release is mentioned as paid as of June 30 but I don't see the payment on the balance sheet. I have written much about this recently.
Buck bought Arnold's 780K shares in a private transaction @ $2.15 and the remaining ~1.3m shares Amerop purchased on the open market @ $2.00 and above.
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.
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