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stupified777 Wednesday, 10/04/17 10:52:32 AM
Re: None
Post #
79658
of 79842 Go
$MSLP’s Combat crunch holding its spot at #37 on the bodybuilding.com top 50 products list even with extreme competition.
stupified777 Friday, 09/22/17 10:10:05 AM
Re: None
Post #
79603
of 79842 Go
Fun fact...
Combat bars are the best selling protein bar on bodybuilding.com! Go ahead and verify for yourself
Facts are not fungible. Cheerleaders embellish
stupified777 Tuesday, 10/24/17 09:37:52 PM
Re: Madcowelixir post# 79839
Post #
79841
of 79842 Go
#3 top selling protein bar on bodybuilding.com is....drumroll please....Musclepharm Combat bar.
#3 top selling protein bar on bodybuilding.com is....drumroll please....Musclepharm Combat bar.
Lies, lies and more lies.
For those who are looking forward to Q3 conference call, get ready for some CEO whoppers!
Jacob Ma-weaver
Something you could explain why Bakery Barn is currently suing you and what that means for the future of the Combat Crunch line?
Brian Casutto
Want to answer?
Ryan Drexler
Yes. So that's more of a forward-looking, obviously, a lawsuit that we can't talk about right now. And we have made plans to, obviously, move our product line forward. So we're not experiencing -- obviously we have new manufacturer for our bars.
Jacob Ma-weaver
I've heard some indications that have been complaints about the quality of the new manufacturer. How are you going to address that?
Ryan Drexler
We haven't heard any complaints. Our business is actually moving forward. We were just actually named bar of the year from Bodybuilding.com. So we're experiencing -- I haven't heard anything about the bars and how the bars are obviously being complained about.
Groundhog Day as the reviews are the same every day
Here's Amazon most recent
Here's bb.com most recent
Here are the two obscure and very small selling MusclePharm products that currently are the BEST SELLING MusclePharm products on M&S. Of course, Best Selling is relative as they are well into the #30s and BOTH are Buy One, Get One Free in a desperate money losing move to avoid the products expiring soon. NO COMBAT PROTEIN POWDER ON M&S. NO COMBAT CRUNCH ON M&S.
I’ll accept that answer. Lol
In Drexler's mind yes. For you and other shareholders, no.
It's pretty simple.
Drexler didn't go into this with bankruptcy in mind. I'm sure he thought he could turn things around.
But he got in too deep. Made some stupid, desperation moves and now plans have changed.
He has since structured his notes making him the only secured creditor. Bankruptcy is the only way to possibly salvage his investment.
What is crystal clear though is that Musclepharm is done. There is no turning this thing around. Their momentum is gone. They squandered their opportunity they had 3 years ago.
How long have they been in business now? 8-9 years? And they have lost hundreds of millions.
It's funny how people fall in love with their investments and throw all common sense out the window to rationalize their reasoning. This flaw is what separates the losers from the winners. And it's clear from the posts on here who is who.
Still waiting for the answer, how Drexler benefits from BK of this company.....
"Finkle is Einhorn?.... Einhorn is Finkle?.... Einhorn is a man!"
Lots of who is who round here!
GS has resorted to spamming Amazon comments with the same coded comment over and over again about the company and bankruptcy.
I have bought CCB bars before and they taste just fine, I have had the new formula and they are different, but again, taste just fine.
Its funny that some reviews say "hard as a rock" and others say "too chewy" and some say "stale" and others say "mushy", all complete opposites, so how can they be all of the above.
People just want a Reese's bar for their protein bar, but you cant pack 20G of protein and all sorts of other ingredients and make them taste like candy. Just like protein powder, you mix it, blended it, chug it, you don't sip on it like a fine wine.....
Please...I beg you...Short the stock!!
Betcha didn't know.....
Amerop's Buck Wessell owns a successful Canadian rototiller blade company and but his true passion is stage mom.
Buck's son Max is a low level prospect that was recently signed by the WWE developmental minor league program.
Yep. Fake professional "rasslin" has a minor league farm system. Who knew?
But it didn't work out. More on that at the bottom of post.
Also looks to have a few "roid' connections.
Here is high school Max Wessel who wrestled at 189 lbs his senior year
Fast Forward a few years and here is college Max having put on almost 100lbs between the end of high school and senior year of college. Yep. 100lbs. Must be Whey protein.
Now welcome WWE minor league signee Max. Vince McMahon doesn't know who is yet but Buck is ringing his phone off the hook.
So what happened to Max? Dad failed him in his WWE dreams and now Max is unemployed trying to motivate other athletes. Max is only 25ish and failed already so is trying to teach others with more time and potential how to make it. Max moved back home to daddy's house. Huh?
https://www.teamusa.org/USA-Wrestling/Features/2017/October/09/Max-Wessell-launches-InXAthlete-job-site-for-athletes
@bugs,
The founder/owner of Bakery Barn also makes the FIT Crunch bar which all reviews say is better than the "old" Combat Crunch that Bakery Barn used to manufacture for MusclePharm.
https://www.instagram.com/seanperich/?hl=en
Here are the rest of the private label protein bars Bakery Barn manufacturers for brands
http://bakery-barn.net/private-label/
In Search of Info about New Bar Formula.
Loved Combat Crunch bars and ate one for breakfast every day. I had a multi-month supply I bought in spring, so it wasn't until I ordered a new box a couple weeks ago that I found out about the new bar formula.
Awful texture and even more awful taste. Worse than almost every other protein bar I've tried in the last several years. Guess it is back to Quest even though their formula change a couple years ago wasn't great...but at least their bars still taste pretty good.
I went looking for info about the new bar and ended up here. Wish I could short the stock because I can't imagine anyone will keep buying these on purpose. Are they really headed to bankruptcy?
No wonder why sales are falling fast
Mp #1 CEO Ryan is busy pretending to be a fighter in Los Angeles (MP Headquarters with 70 unsupervised employees in Denver) and claiming to be BJJ World Champion. That's him with the gray beard impersonating a marshmallow on the far left below.
MP #2 EVP Sales & Operations Brian Casutto is busy living and partying in Boca Raton, Florida (MP Headquarters with 70 unsupervised employees in Denver) with his ONLY other job working for dip-$hit #1's father Halbert. MP #2 was college room-mates with MP #1 and that Political Science degree sure comes in handy in the Nutritional Supplement Business.
So when you get conference calls with dip-$hit #2 asking dip-$hit #1 if he "wants to answer" a legitimate and simple question put forth by a legitimate investment manager, you have to shake your head in amazement that this is a public company with shareholders with whom to answer. Then dip-$hit #1 proceeds to just bald-face lie.
Jacob Ma-weaver
Something you could explain why Bakery Barn is currently suing you and what that means for the future of the Combat Crunch line?
Brian Casutto
Want to answer?
Ryan Drexler
Yes. So that's more of a forward-looking, obviously, a lawsuit that we can't talk about right now. And we have made plans to, obviously, move our product line forward. So we're not experiencing -- obviously we have new manufacturer for our bars.
Jacob Ma-weaver
I've heard some indications that have been complaints about the quality of the new manufacturer. How are you going to address that?
Ryan Drexler
We haven't heard any complaints. Our business is actually moving forward. We were just actually named bar of the year from Bodybuilding.com. So we're experiencing -- I haven't heard anything about the bars and how the bars are obviously being complained about.
Amerop Letter
certainly is driving the volume. Best "bid" is $1.12. A $112 gross transaction drives the MSLP PPS down -8%. haha
Think about that.....
Selling 100 shares @ $1.12 drives the price of MSLP down -8%.
So a simple $112 gross value transaction takes the MSLP market cap down nearly $1.4 MILLION!!!!!!
MusclePharm; The Athletes Company. Athletes like a sherpa manager and a 46ish year old BJJ hobbyist.
Kinda reminds me of John du Pont story. If you don't know, look it up. John du Pont was a champion wrestler.....haha....just like Ryan Drexler claim to be a BJJ World Champion. Look it up! He does...
I agree with you Stupe, I too would like to hear the theories and how this would make sense.
However, one bit of information I can offer is that it is not that the products are bad and no one wants them, its that they are consistently out of stock. This would be because of constantly moving manufacturers and/or not having the money to pay current manufacturers. I have heard that the new combat crunch bars are better than before but the lost sales and lost time due to moving from BB hurt more than they expected and possibly more than they could recoup.
The name is still valuable and carries weight among consumers, it just seems to be harder than ever to buy the products.
Ok. So for all the readers of this board please explain to us how BK is favorable for Ryan. I would honestly like to see what this looks like. I just don’t know what to believe with you. You claimed Amerop and Ryan were moving money “offshore” just days ago now it’s back to Drexler filing BK so please try and stay focused and explain to us how BK recoups anywhere near Ryan’s $17 million. Please come with something better than he’s getting Musclepharms assets and IP. From your keyboard to our eyes, you’ve screamed they’re broke time and time again...so no cash to pay much of anything...not many assets. I’m honestly asking because if your theory is correct, I’d need to better understand why a millionaire would sink so much money into a business case study because he thought the company is “super cool” only to file BK and get nothing in return. Drexler has money but I don’t think he has THAT kind of money to throw away.
A sniper of what your theory might look like...
Drexler to his buddies: “Oh hey guys...remember when I told you I was going to get involved in Musclepharm, invest a ton of jack and get things going in the right direction?
Drexlers buddies: yeah, bro. You’re killing it man. You’ve had a ton of successes in businnnn....oh wait a sec.
Drexler: I know I said I was going to turn it around but it was too far gone. I think I’m going to file BK and take all they have.
Drexlers buddies: Dude you cut it down to the barebones and still have to file BK? I thought there was another investor that was going to cough up the $18 million to keep it out of default.
Drexler: Yeah, yeah...but if I file BK I get it all. That logo man...it’s so green. That rad used gym equipment...I can smell the sweat from all of those UFC fighters still all over it. The gnarly website, the way cool useless patents and all of those extremely expensive yet worthless shares I get if I file BK. It’s a NO BRAINER BRO!!! All for $17 million.
Drexlers buddies: Righteous!! But isn’t filing BK like bad bro?
Drexler:....
Ok, so he has been getting a salary but not in the amount of $17 million. If the brand is performing as poorly as you continuously claim, then seriously...what good is the name, logo, or patents? Oh neat $17 million I got a logo that I could’ve had made on fiverr for $5, a website that I could’ve had made for $400, and some patents for products that you, Madcowelixir, claim are so terrible and that no one wants on any of the supplement websites.
Not so sure I believe this theory or any of your rhetoric truth be told.
Still ZERO available shares to short today. This is the only reason the stock is not $0.0xxxxx yet due to the restricted and engineered fake support level. But, it will happen in the blink of an eye and no one will be able to get out between soon. Wouldn't surprise me if we see a bankruptcy filing before Q3 numbers are reported as Ryan can issue default on his notes ($17m due Nov 8) and Prestige and Crossroads debt (at least $5m+?)
Good to see MusclePharm is spending marketing money on a mat that no one sees. Not a spectator in the place. They had to ship all that junk all the way to Brooklyn, NY and now back. Trust fund baby decisions. So a sherpa manager and some gi boys are on the payroll. That should pay off.
https://www.bloodyelbow.com/2017/10/23/16517762/fight-to-win-pro-51-results-and-video-gianni-grippo-jake-shields-take-victories-bjj-grappling-mma
mtc
M&S T50 list used to have 8 of the top 10 products were MP as Cory Gregory was one of the biggest contributors to the site and has some possible ownership there.
The lingering products to which you refer are minor, minor sellers in the MP line.
Combat Crunch Bars contributed over $33m of sales in 2016 though and that is now going, going, gone!
As for how much revenue M&S produces? A mere fraction compared to bodybuilding.com where there is just one single MP product on the bb.com T50 list and it is falling off quickly.
Here is just something I found quick to give one a cursory glance at the footprint difference between the two sites
In 2013, Bodybuilding.com was said to be the most-visited bodybuilding and fitness site in the world – over 25 million unique visitors per month and over $420 million in sales.
In 2016, Body Building . com has an alexa rank of 753, whilst Muscle & Strength has a ranking of 20,106.
It does not tell you much of the revenue and how profitable the both are, but can give you a hint, which of the two is visited the most.
MSLP has 3 products in the Top50 and is #4 brand on the site....
And Combat Crunch is gone....poof
CCB has gone from the #1 overall best selling product on Muscle&Strength Top 50 best seller list to completely gone in just a little over 1 Quarter since the brilliant CEO Ryan decision to stiff Bakery Barn.
How quick the fall has been as CCB was #45 Friday, #47 Saturday, #48 Sunday and now gone on Monday.
Complete customer rejection with sales arresting to a halt.
Jacob Ma-weaver
Something you could explain why Bakery Barn is currently suing you and what that means for the future of the Combat Crunch line?
Brian Casutto
Want to answer?
Ryan Drexler
Yes. So that's more of a forward-looking, obviously, a lawsuit that we can't talk about right now. And we have made plans to, obviously, move our product line forward. So we're not experiencing -- obviously we have new manufacturer for our bars.
Jacob Ma-weaver
I've heard some indications that have been complaints about the quality of the new manufacturer. How are you going to address that?
Ryan Drexler
We haven't heard any complaints. Our business is actually moving forward. We were just actually named bar of the year from Bodybuilding.com. So we're experiencing -- I haven't heard anything about the bars and how the bars are obviously being complained about.
Think about that.
In Q2 '17, Combat Crunch was still overall #1 best seller on the M&S Top 50 list.
During Q3 '17, CCB began to fall as deceived customers began receiving the "new" substandard Combat Crunch after CCB manufacturer Bakery Barn sued MusclePharm for non-payment and refused to do any more business with CEO Ryan.
CCB began falling down the Top 50 seller list in Q3 as customers received the new garbage product from MusclePharm. The earnings release in a couple weeks should reflect the customer dissatisfaction but the real damage is taking place "right now" as word of mouth and review sites are nearly unanimous in dissatisfaction.
Now in Q4, sales are anemic and CCB sales have gone from #1 best selling supplement on popular site to #48 in just a little over 1 Quarter.
I don't know what the % delta is but I can imagine the #1 top selling product on M&S.com and BB.com is not an immaterial $$$ amount and now having fallen quickly to #48 this morning, the decline in revenue and cash flow being currently experienced by MusclePharm is catastrophic.
MusclePharm desparately needs to grow cash flow to finance the current massive operating losses.
This product rejection momentum will quickly demand desperate action. ie bankruptcy
Great job CEO Ryan.
I remember the cheerleaders here cheering Ryan's turnaround strategy of stiffing suppliers and partners to cut expenses. You got what you asked for. Expenses are smaller. Not when you compare revenue:expenses though.
Expenses on a ratio basis are actually HIGHER today than they were under CEO Brad as Brad was growing sales at a higher rate than expenses.
As I said on this forum and others in real time upon hearing CEO Ryan's strategy; The first rule of business is you don't cut your way to profitability. You grow!
CEO Ryan and the cheerleaders were all about cutting.
Turnaround complete!
Another day, CCB falls farther down the list
Not even 24 hours have passed and Combat Crunch falls further down and precariously close to falling off the Top 50 seller list at MuscleandStrength.com
Friday, CCB was #45
Saturday, CCB was #47
Sunday, CCB is #48
Remember just a couple months ago when Bakery Barn manufactured CCB for MusclePharm, it was the #1 overall best selling product on the list.
Sales are crashing.
Sounds like a real review especially because they don't even have a cookies and cream combat bar
Everyday MusclePharm falls further down popular supplement retail sites.
Let's look this morning at two popular retail channels.
Just since yesterday, Combat Crunch falls another couple places down M&S T50 list and will fall off completely very soon. Combat Crunch was the #1 overall best selling product on this same site only a couple months ago when the product was manufactured by Bakery Barn.
Also since yesterday, Combat Crunch has fallen another place down the T50 list on bodybuilding.com. Bodybuilding.com is one the industries most popular best performing retailer and Combat Crunch is the only product on the bb.com list and it looks at though it will be ZERO soon (MusclePharm formerly had 8-12 products on the list under CEO Brad).
Combat Crunch accounted for $33m+ in sales in 2016.
This rejection of the new manufacturer by customers spells disaster for MusclePharm revenue going forward.
MusclePharm customers aren't enjoying their weekend, at least their Friday as these verified buyer reviews all from yesterday can attest, as they share how repulsed they are with MusclePharm product.
Look at the first review from a verified buyer of MP product
"No one should have to eat this junk!"
stock falls on low volume its a bad thing..... 'no demand'
stock rises on low volume its a bad thing..... 'no one wants to buy, fake trades'
stock falls on high volume its a bad thing..... 'self explanatory here'
stock rises on high volume its a bad thing..... 'fake volume, buying and selling to self... blah blah'
I can see how you operate now.
No demand to buy today, also no demand to sell today either, works both ways.
principle, rather
Basic contract principal - a contract consists of 1) and offer; 2) acceptance; and 3) consideration. A BLOI with monetary penalties, although titled a letter of intent, is a contract. Thus, until you have acceptance, you don't have an enforceable agreement. It seems that it is MP that has hesitated to move forward after Amerop's initial expression of interest, so Amerop files its October letter to try to force the MP BOD into action.
A tender offer doesn't put money in the Company's coffers, which would then be used to pay off Drexler's notes. It simply doesn't accomplish Amerop's stated goals.
It took more than 3 hours into the trading session this morning but MSLP finally executed a trade.
100 shares at $1.35
Now the best "ask" fell below that to $1.32
ZERO demand.
If Amerop were truly honest in its intention to acquire "additional" or "all" MSLP stock, Amerop easily could:
File a "Binding Letter of Intent" with a monetary penalty clause for not closing.
- so if Amerop doesn't perform what they say they will in BLOI, Amerop would pay a penalty. This happens often with investors and target companies. Stops the foolishness of trial balloons and wasting time without recouping damages.
Amerop could also just file a legal "Tender Offer" at $1.96 with the clear parameters that they will buy up to X amount of shares or with a minimum threshold of acceptance.
Again very common.
Current MSLP shareholders could choose whether to submit their shares for the tender price or not. If not enough shareholders choose to tender, Amerop could raise their tender offer bid PPS.
Nothing stopping either of these options other than Amerop has clearly choses to release a simple NON-BINDING "expression of Interest" with no credible expectation of performance.
Which is why investor A does not really have a say in how Musclepharm pays these notes back. So the board can now decide how this plays out. Arms length appears to work both ways.
Hmmm...Why hasn't the MSLP BOD responded for 40 days and counting? Clearly Amerop began crying about it's foolish $4.5m investment no later than September 11 (a coincidence?) and notified the MSLP Board, yet there has been zero response from either the board or Investor A (Ryan). Why?
Because the Drexler Convertible Note deal is "unambiguous"
For those vocabulary challenged let me give you the definition of that term:
un·am·big·u·ous
??nam'bigyo?o?s/Submit
adjective
not open to more than one interpretation
I’m sure you have more to say than “wow”.
But since we’re here....all I can say is Fiduciary Duty!!
All I can say is Wow!
Less than 6 months ago when Bakery Barn was manufacturing, Combat Crunch Bars were the #1 overall Best Seller on the Muscle&Strength.com Top 50 seller list
Yep #1 overall best selling product, NOT just in the protein bar category
Now look at where Combat Crunch is on the list only a few months after Bakery Barn was stiffed and was forced to sue MusclePharm for payment.
From #1 to #45 in just a few months as customers are rejecting MusclePharm products like the plague.
Now let's look at bodybuilding.com which not too long ago accounted for more than 10% of total MusclePharm sales world-wide.
Combat Crunch Bars were always in the Top 10 on the bb.com Top 50 best seller list. Always.
Now look at where Combat Crunch has fallen in just a few months after Bakery Barn sued MusclePharm for payment and refused to manufacture for MP going forward. Competitors are moving up the list quickly
From Top 10 to #40 and still falling as MusclePharm sales within the bodybuilding.com channel have fallen off a cliff.
Bodybuilding.com Top 50 list used to contain 8-12 different MusclePharm products on the list.
Now only a single MusclePharm product is on the T50 list, CCB and it will fall off soon leaving ZERO MP products on the list.
Just guessing: Independent Directors or alternately, everyone but Drexler.
Hmmmmm....interesting. I’d be curious to see who is part of the special committee Amerop mentions in their letter.
Special Committees:
As contrasted to standing committees, such as the audit or compensation committees, corporate boards establish, on an ad hoc basis, special independent board committees, which fall into three separate categories:
(i) the special negotiation committee that is charged with the responsibility of considering and negotiating a proposed transaction involving a conflict of interest between the company and its directors, controlling shareholders, management or other fiduciaries,
(ii) the special litigation committee that is charged with the responsibility of deciding whether or not shareholder derivative litigation claims should be pursued, and
(iii) the special investigation committee that is charged with investigating and determining an appropriate response for alleged internal corporate wrongdoing.
Unlike a standing committee, the special committees do not usually operate under a formal written charter since their assigned tasks are usually concerned with a single issue that is not on-going in nature. The special committee’s responsibilities and authority are established pursuant to board resolutions that lay out who will be the members and what the committee’s resources, duties and powers will b
Just reviewing the last three or so months history, it would appear a few new short positions may have been initiated around July and the beginning or middle of August. August 15, 2017 short interest was aprox 205,000 shares with an average daily trading volume of 21,908 shares. The share price at that time was around the $1.68 mark.
On September 29, 2017 the short interest was aprox 203,160 shares with an average daily trading volume of 23,542 shares. Short interest has fluctuated 3% plus or minus over the last 4 or 5 months, so my assumption is that short interest is still in that 200,000 share range.
Forward thinking, another 10% daily uptick in share price and we’ll be right back around that price range. At an average of 23,000 shares traded per day, that would take about 8 to 9 days of trading to cover.
Things could get really interesting here in the event the price continues to rise and could potentially create a bit of a squeeze with steady or low volume.
Just wanted to share this information as we look forward to the next few weeks.
Good luck all.
Just yesterday you were posting that Ryan was in cahoots with Amerop , and they were buddy buddy trying to secretly steal all the assets.
Now you're saying they are in a feud in with each other.
Let me guess - next you're going to talk about how this was a planned, masterminded and orchestrated all so that Bill Phillips could run the company his way.
How is this bad news? An offer has been made to purchase securities, provided that the proceeds will be used to retire Drexler's debt before the notes come due. The BOD (not Drexler - presumably, he would not be able to vote on this issue due to his personal involvement) has over two weeks to accept or decline the offer. If the offer is rejected, Drexler can either convert his shares to satisfy the notes, renegotiate their terms, or declare default.
If Drexler converts, he holds the shares and solidifies the 46% stake he previously claimed as a noteholder, and effectively guarantees that he remains chairman/ceo. The shareholders get to suffer along with his continued leadership, and anyone following IH or SA gets to read GS/MC's continued bashing of his ineptitude.
I don't know if you've ordered the combat crunch bars but they have fixed all their problems with stale bars .
Likely this was old inventory that got cleared out I think it hurt them in the short run but the drop in stock price was over extended.
I think once the new product gets out reviews will build back up and I'll be in better shape than before now they don't have to deal with bakery barn and the problems that they caused with delays in shipments.
But as you've pointed out ad nauseum, the shelves are empty and everyone on Amazon and BB hates the brand. So in the world according to GS/MC, there are no physical assets; there is no blue sky.
You are incorrect. Let's review (my comments in italics, everything else is lifted from the Amerop letter):
Amerop will purchase $18 million of newly issued shares of common stock, par value $0.001 per share, of the Company (the “Company Common Stock”) from the Company at a price of $1.96 per share, resulting in Amerop purchasing 9,183,675 shares of Company Common Stock. Amerop does not require a financing condition or contingency.
Amerop is buying stock, not Drexler's debt, and is prepared to do so on short notice, without waiting for a loan or other contingencies (making a pre Nov. 7 close entirely possible). Removal of this overhead prior to the payment deadline also largely removes (or at least delays)
the likelihood of foreclosure/bankruptcy
All of the proceeds of such purchase of Company Common Stock will be used to repurchase and retire immediately at closing the Notes and all rights related thereto.
All of Drexler's notes, his conversion rights, and his rights to continued interest payments will extinguish immediately.
Amerop will have the option to purchase from the Company up to an aggregate of 7 million additional shares of Company Common Stock at any time over the period of 18 months following the closing, at Amerop’s sole option, at a price equal to the 60-day volume weighted average on the business day prior to such option being exercised by Amerop. Such option may be exercised up to 7 times (in no less than 1 million share increments) during such applicable 18-month period. The proceeds resulting from Amerop exercising such option will further strengthen the Company’s balance sheet and will allow the Company to execute its growth initiatives.
While not a guarantee, Amerop at least shows interest in funding continued operations after retiring Drexler's debt
In addition to removing the excessive financial burden placed on the Company by the Notes, Amerop is proposing that the Company take the following initial steps to address the significant challenges that the Company is facing:
Follow the governance guidelines set forth in the Form of Corporate Governance Guidelines of the Company, adopted by the Board on May 8, 2015.
- self explanatory
Enter into an executive recruitment search for senior management with relevant industry experience who are capable of driving value for all stockholders of the Company.
- Get rid of Drexler and his syccophants
Establish a stable, long-term capital structure that will be conducive to increasing Company stockholder value and providing a path to long-term solvency.
put an end to "arms length" hard money loans
Provide transparency and future guidance to the market to bolster Company stockholder confidence and to provide accountability.
And that.
I get that this doesn't fit into the tinfoil hat narrative, and it is all speculative at this point. However, ignoring what is being proposed to further promote unfounded conspiracies is irresponsible.
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