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Anyone know the tradeable float here ?
Thank you sir. Still holding.
MusclePharm Enters Into Equity Exchange Agreement With American Media Valuing Company at $105 Million
Current market cap is 5.4 million, in case you were wondering
From a recently filed SC-13:
https://www.sec.gov/Archives/edgar/data/1415684/000119312519288187/0001193125-19-288187-index.htm
A recent review of the company just popped up on Glassdoor from an employee. The former employee things they have a positive outlook:
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.
Someone more bored than me should try to figure out how much cash Drex has taken out of this thing in the form of salary and interest. My gut says he wouldn't walk away for less than $1.11, but if he's made enough outside of his stock, he might go lower.
This could pop to $1.11
From the most recently filed 10-Q
Looks like they are going to fight this lawsuit. Why not let it go away in a bankruptcy ?
Looks like they are going to fight this lawsuit. Why not let it go away in a bankruptcy ?
You still around ?
You still around ? What are your thoughts of Drexler settling the recent lawsuit ? $MSLP
I know what you mean! I’m sure their sales are struggling but I would assume they still have to be around $75 million in sales but who knows.
So I’m sure someone who knows what the f they’re doing, would be happy to scoop up $75 million in sales for $32 milly.
I mean, their Instagram is tight! I love looking at the warehouse gym that we’ve all helped fund for the celebrities to work out in. Especially now while we’re locked down.
My fingers are crossed that Drexler finds a buyer for what he needs to break even on his shares and puts us out of our misery. I think he’s a like $1.13 or something a share.
$1.00 a share would be awesome. I mean that’s 32 million bucks for this company . We know they did 150 million in sales a few years ago . The brand has to have value , have you seen the Instagram!?
Actually - Right now supplement companies are doing really well because everybody is trying to boost their immune health
$MSLP
I hope so. I’m still hopeful that they sell the brand for anything over $1.00 per share. I mean a guy can dream right?! Lol
Someone bought shares at 0.16 today , Is something brewing ? $MSLP
Oh yeah , he’s another Goldbond alias
Throw me a bone , goldbond. $MSLP
Is this one completely dead ? Should I sell everything off for $10?
What’s next ? Slow bleed to .0001 ?
MSLP "only" down -92% today. Financials? Publicly traded company? CEO Brad must be rolling over on his parents couch in the basement.
.01? That's impressive even for Drexler. Turning $18MM into $180k makes his Quicksilver investment look like a genius play.
Actually traded at 1 single penny a share today. Musclepharm is truly a penny stock. No financials for almost 2 years now yet the SEC was supposed to assign a monitor as part of the settlement.
LOL ... wonder what we could get a pump at . Seriously though 0.10 is a joke . 3 million dollar company.
?
Agree. Let’s pray for a pump n dump. Hahaha I’m outta here if it breaks a dollar
Pretty ridiculous what has happened here. Maybe found a short term bottom at .10 ? Who knows . Hopefully a bounce to a buck !!
$MSLP
I’m still here. How it goes?
Not much of anything new per se...Company being ran by a turd. Fins not released for some time. I’m hopeful that Drexler gets his head out of his arse and sells at some point. See you on some of hen other boards. Good stuff!
You still around sir ? Any insight on what happens here next ?
You still around bud ?! What’s going on with this company ? $MSLP
Since you were so right here can you please tell me what happens next ?
Anything going on in this company ? $MSLP
But their instagram feed is killer!
If you have a dime and a nickel, you can own a share of this dying company. And you thought CEO Brad ran it poorly.....
settling a lawsuit is sometimes a good thing , they had a liability marked on their books for this one . $mslp
I lost a lot of money here and you were right through all your aliases . I’ll never forget goldbond . What do you think of $DEAC I’m over there pumping that one now .
Another HUGE loss in court for Drexler and MSLP in a protein spiking lawsuit in addition to the $1.7m final damages awarded to ThermoLife after Drexler and MSLP lost again. https://www.reuters.com/article/health-musclepharm/in-brief-musclepharm-to-settle-schwarzenegger-protein-supplement-case-idUSL2N27M1NA
The new COO has zero experience in any industry even close to MSLP. He founded a company no one has ever heard of in 2010, bestowed fancy titles on himself and now the company went under I assume so he needed to find a real job. Does he offer anything the company is in need of right now? Can he lead a push in marketing, gains in operational efficiencies on either the manufacturing or purchasing side of the business or maneuvering the stock to greater visibility in an effort to right the ship? Anyone with common sense is jumping ship and MSLP is now stuck hiring whoever will take the job.
You all see this NEWS ? https://finance.yahoo.com/news/indo-global-exchange-pte-ltd-132000861.html
The Merging Company has very tasty Products and is Run by
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152892152
It reminds me of that ages old philosophical connundrum: If the SEC halts trading on a stock with no volume, does anyone notice?
So when is the SEC suspension hammer going to hit this garbage ticker MSLP for delinquent filings? Must be coming shortly!
The share count for MSLP is tiny compared to most OTC companies. The company could get to $14 a share again if management didn’t run the company into the ground and blow all customer support. They were a middle of the road product that lost all market visibility with consumers. They aren’t the cheapest product and higher end athletes think their products are a joke. I’ve used their products for 10 years and invested on and off over that same period of time. I’ve been out of the shares for a couple years now and think the company is going to continue to struggle. Their single best product ever was the energy drink and they blew that opportunity. I’d still drink it daily if it was available. Tasted great, more energy than Red Bull or Monster and MSLP could have angled the product even more for athletes. I sold about the time they discontinued the energy drink and several other popular SKUs - it was obvious at that time the new management did not respect customers or shareholders. The company will get taken private eventually because there is some brand value remaining and a volume-producing deal with Costco. I won’t be buying shares anytime soon and hope everyone can exit at a decent price before the bottom falls out.
34M isn’t a massive share count so that doesn’t scare me at all. If operations could support the valuation I wouldn’t care if they doubled the share count from here.
I called in May for the shares to bounce around .25 for an extended period and a buyout offer to come at .35. I think we are nearing that reality. The company is worth between .25 and .35 unless facts on the ground change. The company no longer commands premium pricing and has lost public visibility as a household name. Product still sold at Costco which does create very low margin volume.
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