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Over diluted and low margin? Sounds like MSLP.
Creatine is the most over diluted and low margin category in dietary supplements. Not to mention there is a massive supply issue with creatine as of late causing massive spikes up in price.
Sorry to say, but a new shiny creatine label is far from this company’s saving grace.
What was the name of the fighters prior to gladiators?
Oh...who cares? I only remember the gladiator.
2nd up does better for the bettor!
New creatine is just what people want. One ingredient.
MusclePharm can no longer generate revenue so CEO Ryan does the only thing he can with a failed line.....fire sale pricing at a loss much like a going out of business sale as the bank account is empty
but when this is the most recent review on the product, how low can you go? Dirty cardboard flavor?
Rah, rah cheerleaders
MusclePharm is booming. About $12,000 of total transaction volume in a $12,000,000 market cap.
That is 1/10th of 1%
Even if you bought 100% of the total shares traded at the low and sold 100% of the total shares at the high, you might have made $300.
Of course it is impossible for you to have bought at the low bid and sold at the high ask, so traders are making zilch. This is untradeable.
MCE is almost certainly correct on this - a MM is creating upward churn (selling and buying its own shares), so that it can dump the shares acquired from Winfield.
No Neuronal. My question as well.
The only thing I see is a 13D filings small stake.
Any ideas on what has been driving this uptrend pattern the last few days?
MSLP
Ryan still owes Manchester City Footy $2m in cash, half payable in a few months from that legal settlement loss in addition to the $$million$$ in interest payments due to the two subprime lenders and CEO himself.
MSLP currently burns at least $1m a month in just simple operating losses (rev - COGS+SGA) before any of these other expenses.
Good luck pink sheeters!
The trades are not real. They are fake round trip matching desk trades only micro-seconds apart. It is all fake volume trying to attract dumb retail pink sheet investors into buying Obus' worthless MSLP shares before Buck Wessel begins dumping his 2m.
Here is Wynnefield (Obus) dumping 300k shares to MM to liquidate
This Instagram and Twitter blitz is so Wynnefield can unload its 1.3m remaining shares of MSLP. It just transferred 300K shares to a MM in a private transaction to dump into retail market that doesn't exist.
Hence the Instagram and Twitter blitz. Trying to attract dumb retail investors who can't read an income statement or balance sheet while Obus attempts to dump his worthless shares.
MSLP couldn't make money on Combat Crunch when it was fire sale priced @ $24.99 a box
Now CCB is $19.99 a box with free shipping to customer to boot which is paid for by MSLP through Amazon
This is just a money losing Ponzi Scheme and MSLP is selling product well below Cost of Goods. Revenue continues to crash and is down double digit % since Ryan called the bottom 3 quarters ago and predicted revs to ramp up.
Will MSLP even post $20m in revenue in Q4 '17?
Look at the most recent reviews at the top 2 online sites
The kicker is Bakery Barn is not going to allow CEO Ryan to fall 1 penny behind on invoices this time and MSLP still can't afford to stock most CCB flavors.
Ryan has had to borrow $$millions from subprime "payday" lenders @20% interest against inventory and receivables and has over $2m in interest payments payable to him annually going forward.
MSLP is not and will not be profitable for common shareholders. It's only getting worse.
Both on their instagram and twitter account.
Where did you see that, loved the old formula.
Announcement just made that the old CC bar formula is back.
Given the sudden drop in volume, I'm curious if you believe the entirety of the 12/27 transaction has been liquidated, or if the MM is waiting to see if some legitimate volume will arise.
A (mostly) reasonable reply. Thanks.
Obus wasn't allowed to sell to 3rd party before his special relationship contract with Ryan Drexler expired last week.
Now he is liquidating beginning with 20% of his total holdings in one transaction that is being pieced out by a market maker daily using the fake volume churn tactic. It won't work as there are no legit retail buyers out there. Q4 was a disaster.
duh?
The private transaction was to a Market Maker who is responsible for liquidating the inventory via fake churn and head fakes. Obus is still responsible for the deficit after the liquidation but can only book the tax loss @ $1.00 for 2017 but can book additional amended loss in 2018 on the actual net proceeeds from the market maker.
I would guess he sold to offset some cap gains (assuming that he wasn't going to recoup his losses). It would be interesting to know who made the 12/27 purchase for a >50% premium over then current market.
'Madcowelixir who exactly are the morons?
I think he just bought some again.
Wynnefield just sold 300k shares in a private transaction They just liquidated 20% of their MSLP holdings at a huge loss.
https://www.sec.gov/Archives/edgar/data/899083/000114420417065925/xslF345X03/v4782378_form4.xml
Last few days nice trading.
MSLP Market Cap = $5m when a seller just sold ~30k shares @ .4x cents
Did you know that $5m is just ~24 months of interest payments on the Drexler notes? $5m is about 5 months worth of cash burn operating losses. MSLP is bankrupt and may never file another 10-Q (K).
Pay attention to any impending Prestige and Crossroads initiated collateral asset forfeiture.
Any real size investor can't get out.
Think about that......At a $100m annual sales 12 month run rate, MSLP total market cap is $5m and going lower.
Poor stupid Buck Wessell
Be happy to download with you. Nothing earth shattering obviously since it everything needs to be publicly disclosed. Got to meet the executives and board members. Ask a few questions to the new Interim CFO and Drexler. Took a tour of the new facility and have a better understanding about the move Cali and what’s happening with the old facility. All seemed positive.
SLC
Nothing happened at the meeting besides the votes. That was the only approved business up for discussion at the meeting.
Stup - I'd be interested to hear if anything interesting transpired today.
Wish I could be there....look forward to hearing your take on the meeting.
Today’s the shareholder meeting...
See you all there. $mslp
That’s great!
I’m going. Are you? Would love to finally meet you.
Heard Buck vs Ryan in grappling match is going down at MusclePharm HQ on Friday at Annual Shareholders Meeting.
Vegas odds:
Buck -250
Ryan +170
Anyone going to the meeting? It's literally right across the street from Burbank Airport so you can fly your private jet in and be back home by dinner.
Vindictive denial of the obvious sad reality.
A super ouch! Plus flowing tears!
Sadly, I won't be attending. Nevertheless, I have some questions for annual meeting:
1) CC Bars have been flooded with consistently negative reviews on both BB.com and Amazon – a trend which continues through today. According to the Company’s most recent 10-Q, the dispute with BB was settled in late October of this year, resulting in the resumption of BB production of CC bars. Have these BB produced bars entered the marketplace yet? Do you intend to do anything to raise consumer awareness of the resumption of production of the “original recipe”?
2) Given the Company’s tenuous cash position, how does the relocation to California, given the roughly 30% increase in cost-of-living and the current lease (and prior renovation expense) of the Denver facility serve the company and/or increase shareholder value?
3) The company has borrowed approximately $18MM (plus accrued interest) from its CEO, debt which was recently renegotiated to a consolidated 12% annual interest rate resulting in interest expense of over $2MM/year, and with a conversion rate of approximately $1.11 per share. Recently (and prior to the execution of consolidated debt instrument described above), a major shareholder publicly put forward a plan to purchase enough common stock from the Company to extinguish this debt (provided the proceeds were used for that purpose) at a rate of $1.89 per share. This arrangement would have removed the bulk of the Company’s debt from the books, been less dilutative to the rest of the shareholders, and saved the company some $2MM of cash expense per year. Despite these benefits, the Company's BOD chose to pursue the renegotiation with the CEO. How did this decision benefit the company and/or increase shareholder value?
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