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I was leaning toward Sabina. I just can't see Drex's ego letting him assume a sockpuppet with a handle as feminine as "Ginger"
Madcow 101. 1. Madcow never owned a business. 2. Madcow is low level shorter. 3. Madcow knows nothing about finance, definitely not a CPA. Madcow show proof of life why we should even listen to you.
Trading 101
22m shares at .231 cents. That "should" be a firm price lid on this equity. Nothing higher unless it's a fake round tripper transaction IMO to bait retail but can't be sold into.
The "mystery" warrant holder should short every share at that price to protect his warrants (exercise price .231 cents) and profit on the equity price decline and yet have 22m shares at his disposal to cover any monkey business related to short squeeze.
Unless a real seller appears, this Market Maker will have an "ask" of .23 cents all day every day up to 22m shares of volume which this equity trades "organically" at about nil so it makes no difference.
Any "holder" of MSLP shares should now realize that the best case scenario for your sell price is BELOW .23 cents. If you "ask" .23 cents, you will be stepped over by the warrant holder and it could go lower if the warrant holder decides to short every retail share buyer that appears because he effectively is owed $10m and the warrants are essentially worthless and holds 1st lien on all assets except 2nd lien on the receivables that Prestige Financial purchases at 20% discount from Ryan.
Gross Margins don't cover this expense!
Ryan received $7m in this first "mystery" preferred secured note deal (October 2021) and was contracted to pay back $8.1m in 6 months (April 2022).
Ryan couldn't pay back the the $8.1m by the maturity date so now Ryan owes $9.8m.
These are Tony Soprano shylock rates.
How is Ryan going to pay back the penalty $3m in "juice" AND the $7m in "principal" when you couldn't pay even the original $1.1m of "juice" on time?
Ryan can't even come close to "break even" on EBITDA and is posting multimillion dollar operating losses, much less after the shylock "juice" payments that are due.
Let's look at last Q. $13m in revenue and 95% Cost of Revenue just from the suppliers (some of whom are not being paid and have pending lawsuits like Bakery Barn supplier of Combat Crunch Bars).
Ryan posted a loss of -$6.1 MILLION just in the 90 days of Q1 2022 and now they owe another $10m in debt to a "mystery" secured bond holder?
This is Crazy Town. Amazing that Ryan was able to charge you shareholders $50k for his personal moving expenses and a $7k a month allowance for a rental home.
Bet the trust fund baby wishes Daddy Halbert was still alive as he needs a bailout.....again......desperately.
Who is this "mystery" bondholder? They now effectively own 40% of MusclePharm and are owed $10m in cash due in just months and the shylock penalty "juice" is compounding at a Tony Soprano rate.
Ryan doesn't have that luxury. Can't even pay Bakery Barn the Combat Crunch Bar manufacturer so that revenue stream is no more.
Ryan's modus operandi has been to stiff the unsecured suppliers and marketers for as much as possible for as long as possible until they are forced to file a lawsuit.
Then Ryan threatens bankruptcy to get them to settle for pennies on the dollar spread out over years all the while raising his own salary and bonuses every year from about $500k his first year to $1.6m as of 2021 all the while revenues have declined over -80%.
This is how he has financed the losses since his ascension to CEO.
Remember the Capstone lawsuit? Excelsior4 lawsuit? Nutrablend lawsuit? TWO separate Bakery Barn lawsuits? Thermolife lawsuit? Arnold Schwartzenegger lawsuit? Tiger Woods lawsuit? Manchester City lawsuit? etc....... All told I am guessing well over $40m was essentially stolen, grifted or not paid and then as cherry on top was reported as profit on the financials covering up even greater massive operating losses.
Ryan falls delinquent on his personal residence property taxes so what does he do? Hires one of his party boy friends as compensation committee chairman and gets MSLP (hence shareholders) to give Ryan $7,000 a month for a rental home for himself.
I'd be interested to know if any of those proceeds are being used to pay the recent lawsuit loss.
The simple truth........
"mystery" entity just acquired 40% of MSLP (warrants for 22m new shares) for loaning Ryan $2.5m and gets paid back in 6 months at 20% interest.
Meanwhile Ryan is using these funds and stiffing suppliers to fund his $1.6m a year paycheck and his company fund paid $7,000 a month rent allowance for a place to park his daddy's Lambo.
The end is clearly nigh.
Yikes!!! Dilution Alert nearly doubles Outstanding Shares and More Massive Interest Expense as they continue to stiff suppliers to the point Combat Crunch Bars are no longer available. So $2.5m in cash supplied and draws ~20% interest in 6 months and 22m "free" shares (see below). Crazytown!
Shame i used plenty of their products for a couple of years and thought they were pretty good .
It was taken over by a trust fund baby born on third base who thinks he hit a triple.
What the hell happened to this company ? If I remember correctly the had 4 different lines of supplements and barely one .
Window Dressing anyone?
99% of the shares "traded" (and I use that term loosely as I suspect most of the trades on this equity are just round trippers) were for less than "3 nickels" but right before the bell 1% of the volume spikes the price to a 17% gain when you compare the close only. The low today where most of the trades occurred could have generated nearly double today. Almost a 100% gain when compared to the posted closing price just minutes before the closing bell.
The MM is trying desperately to get retail attention on this equity.
Cursory and Remedial Math
Let's just look at the interest, salary and commission structure of MSLP.
Interest is 18% on basically every dime of capital in addition to the "placement points".
The shylock -20% Accounts Receivable face value sales discount that MSLP uses since they have no capital.
Ryan's Salary $1.6m.
Two Rockstar laid-offed former salesmen. $20,000 a Month salary and 17.5% of the gross profit every dollar sold on Energy drinks.
I'm not even going to waste my time to calculate the revenue necessary just to break even because MSLP is discounting the heck out the retail product (the below verified example is over 30% retail discount) just to move it so the gross margins are probably nil.
In addition the "bottler" quality leaves a lot to be desired based on verified reviews
Imagine the limited "select" Hawaii and SoCal Costco customer service necessary to handle the refunds on the bottling issues.
Trust fund babies. Every aspect of this business under Ryan is a fail, just like his personal history with activist investing....ie Quiksilver and BebeSport and his failed single movie producer career so aptly named.
https://www.imdb.com/name/nm3573940/
SLC.....you forget to add "yet".
Did you see the stock price today (?) and the fact all the assets (Brand Name) are now secured by "secret preferred bondholder(s)" getting 18% interest along with Ryan's salary of $1.6m and his convertible getting an additional 18%. What a coincidence.
Bradley Billet ( https://nypost.com/2016/09/14/trust-funder-wife-ripped-me-off-in-business-deal-agency-chief/ ) can probably make an educated guess as to the identity "secret bondholders".
The only delay in the BK is the fact Ryan screwed nearly every supplier to the tune of $40m and basically stole their product and sold the product and kept all the money. You can delay BK for quite a while when the cost of product is being reported as 95% but is actually $0 because you stole it and kept the proceeds of the sales. The decline in revenue and massive losses is now causing this entire Ponzi Scheme to fall apart despite the fact the "settlements" to suppliers still have not been paid.
You won't have to wait much longer.
Neither will "Ginger" the brand new "paid premium" monicker just born a couple weeks ago and yet follows exclusively this dog of an equity that was trading near zero volume for several weeks surrounding the birth of the monicker.
Hmmmm.... Can you think of any potential ginger suspects phishing desperately for replies from me (madcow Crickets??) and making accusations of possible defamation and stating how this is all personal despite the fact I posted hundreds of posts of due diligence on this board several years before Ryan even came into the picture be linked to this Insta?
https://www.instagram.com/drexphotos/?hl=en
While some of Madcow's past statements may not have panned out (Drex never did BK the company and claim all of its assets...back when it actually had some), all of his more recent statements are reflected in public documents. Just because you can't find it doesn't mean it's not there.
they are not facts they are personal attacks with some personal knowledge i can’t find
Facts are not personal, they're facts.
I knew it was personal. You know him.
Definitely something personal. What did he do to you?
Perspective II the sequel
Ryan's annual salary is 25% of the total market cap of MusclePharm.
If Tim Cook used the same metric, he would be paid $600,000,000,000.00 a year or almost $2,000,000,000.00 a DAY.
Make sense to you?
It does to the recently hired MSLP compensation committee chair who just happens to be a long time party boy friend of Ryan.
Perspective:
One of the top 5 trading volume days in 12 months and only $56,000 worth of advertised shares traded. How many shares were churn and valueless?
If you look at the actually trades, they are all nice tidy round numbers. Since there is ZERO retail interest, manipulation is possible. Venus Flytrap.....get in easy; getting out not so. Illiquid investments with anonymous and highly suspicious "preferred bondholders" with callable shylock interest rates, two large institutional investors completely buried (Wynnefield and White Winston/Buck Wessell). NY Post articles describing how Ryan's former brother in law is accusing Ryan's sister of hiding million$ in martial funds by transferring them to Ryan. Ryan's personal real estate home goes tax delinquent and MSLP begins paying Ryan $7K rental home allowance. Ryan hires one of his best party friends to become compensation committee chair and gets a huge raise to over $1.6m annually in the face of -80% declines in revenue and massive losses. Stay tuned for the next drama. Maybe Ryan will fake cry like Amber Heard.
More shares have traded in just a couple hours today than the entire previous 30 days combined which included release of MSLP 2021 10K and 2022 Q1 and around 200,000 shares have traded down in price about -25%. This could reflect there is ZERO retail interest in this equity and some Institutional or Insider holders are liquidating since I have seen no new stock issuance and the options are currently priced underwater OR this could reflect some yet unreported MSLP transactions regarding the half dozen or so legal settlements they lost or are currently being pummeled by plaintiffs. Regardless this is terrible news especially as the very suspicious "preferred bondholders" are able to trigger payment for a plethora of reasons immediately.
It’s more than being short he knows a lot of info. I am sticking to it’s something personal
I began under a different moniker on this site that was blocked and messages deleted for some reason so I began posting under madcow in 2017 but everyone at the time knew the transition both on IHUB and SA as I was a prolific poster of information including notifying all the readers 6 months before the exact amount of the $21.5m scam that was pulled on Capstone.
SLC
I started as a long here under Brad and Cory. I established a long position $6.xx and posted all my trades in real time with screen shots of my trades on Interactive Brokers. I posted in real time my sells beginning $12.88 and up to $14.00. I offered 5,000 share private trades on this board to anyone on the other side as my due diligence on this equity was sophisticated. I have received several private messages from Private Capital money managers and Hedge Funds offering to exchange research and information on Seeking Alpha as I post under Goldberg Stein and have several hundred messages on that site regarding MSLP. I went short and covered my entire position long ago beginning at $.75 and all the way down to pennies. All of this info was posted in real time with screen shots of my trades. BTW....none of my detractors ever took me up on my 5,000 private trade offers when the equity was trading for around $13.xx
Read the history. Madcow has been short here for ages, and does his best to support his position.
MadCow you still haven’t answered the question, is there something personal going on.
So if you like the numbers and think MSLP is a good investment, then buy shares. Since there has only been one single trade (for $600) in the entire week after earnings, you should be at the front of the line. FIVE CONSECUTIVE trading sessions (including today) and only ONE SINGLE $600 trade. Seven trading sessions (including today) and $700 total trade value. The MM is dropping the "ask" and the "bid" everyday and that looks like the opportunity of a lifetime for you being so bullish on this stock. Buy on the "ask" and sell on the "bid" and you only lose -40% if you find a bid at your volume. Why reply to my messages? My one and only reply to you. Good luck.
Madcow i have been doing some research on the new filing. They have over 1.6 million dollars in beverage sales with out launching fitmiss. The alliance group is the real deal. I am wondering why you have so much hate. There must be something personal you’re not telling the group.
Circling the drain...
Defamation i could be wrong
MSLP gross margins are probable a negative number because they don't pay the supplier and just keep and report 100% of the revenue. Combat Crunch is the latest offering. Look at how many millions Ryan STOLE again yet revenues are reported like a legit business that MSLP is NOT. What's another $7m owed on revenue already received and reported and not paid for? YES.....Ryan STOLE another $7M in the Ponzi Scheme.
Ryan had to post a personal bond on a significant portion of the ThermoLife appeal. A couple weeks ago the AZ Supreme Court ruled for ThermoLife as final judgement. Now Ryan has to either pay the settlement via the bond company (default and the bond company going after him, very unlikely like a bail bondsman coming to your home) or MSLP has to pay in Q2. I love how AZ courts work. Not like those CA and UK courts (Man Footy) that let MSLP not pay bills and appeal for free.
That is $1.9m and the court affirmed ThermoLife's request for attorney's fees. Poor RyRy.
Why doesn't Ryan release who the preferred bond holders are ? They now control the bankruptcy. I wonder why the pieces are being moved into place.....
Since earnings, MSLP has one single posted trade of $600 in FOUR trading days (sessions).
This is a lonely equity if you are a holder of shares.
Those 10K and Q3 10Q numbers reflected the bulk of the initial channel stuff took place in Q3 2021. That makes the Q1 2022 even worse and the fact after 9 months after launch only $31k of sales occurred when added re-orders from existing customers AND any new customers looking to offer MSLP Energy Drinks. Dismal is an understatement.
What about the fact that Combat Crunch Bars are no longer in inventory or being offered for sale through any channel?
What about the fact delinquent Ryan is now being subsidized $7k a month for rental home after I posted the screenshot of his delinquency on his personal home?
How many other CEO's are having the company pay for personal expenses? Is there a MSLP diaper allowance going to Ryan too?
It's a pretty straightforward comparison of the 2021 10-K vs. the Q1 2022 10-Q. You can easily find the numbers in those two reports here: https://www.musclepharmcorp.com/MSLP/ir-kit/5049
It may take another quarter for the initial distribution and follow-up orders to smooth out and be truly predictive of future activity (depending on when in Q4 that channel stuffing actually occurred), but the numbers themselves are right there in black and white.
MadCow has been very quite since he has been called out.
Madcow where are you getting your numbers. FAKE NEWS
A lot can be learned by looking at the reported numbers on MSLP Energy Drink.
MSLP Energy Drink launched first in International second half of 2021.
Posted $467,000 in sales in initial channel stuffing and sales in those 6 months
Now after that channel stuffing, here are the numbers from the first 3 months of 2022 including 3 months of "new" sales opportunities attempting to roll out the product to 8 billion people world wide.
$31,000
There have been essentially ZERO reorders from the legacy retailers and ZERO new "sales" to any potential new retailers looking for an MSLP Energy Product.
A lot can be learned in the energy in a can segment from Bang...
https://www.mashed.com/737035/the-untold-truth-of-bang-energy-drinks/
Amazon?
Went to amazon to shop for the Quest Bar killer MusclePharm Combat Crunch.
Here is the result:
https://www.amazon.com/s?k=combat+crunch+protein+bars&crid=22Z09YXWJ5M90&sprefix=combat+crunch+%2Caps%2C409&ref=nb_sb_ss_mission-aware-v1_1_14
No more Combat Crunch bars....
According to the Conference Call, when asked in Q & A, Ryan stated that they are looking for new supplier and hopefully they can find someone to manufacture a a new CC bar in Q3 since Bakery Barn (the former supplier to MSLP) and another supplier of ingredients for Combat Crunch bars are left holding over $4m in unpaid invoices and both have filed suit against Ryan.
I bet Quest is breathing a sigh of relief......;)
But what about the Energy Drinks?
Wow!
Initial Channel Stuff in International Market showed MSLP 'sold' $467,000K in Q3, 4 2021
Now how many sales occurred in Q1 2022? Hold on to your wallets.....
$31,000 in total sales
From $467,000 initial channel stuff and 6 months later only $31,000 in sales. This includes any new international sales channels AND any phantom replenishing of sold stock.
Game over
On May 4, 2022 MSLP lost its final appeal and was ordered to pay ThermoLife $1.9m Arizona Supreme Court judgement immediately.
Dig in the sofa cushions Ryan.....wait...he sold the sofa
Despite have literally no cash on the books ($500k) and owing $48m to suppliers and debt holders due now, MSLP only has $229k worth of finished inventory on the shelves to sell.
Wow!!!!!!!
No wonder there are countless lawsuits and settlements that MSLP currently refuses and cannot pay.
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