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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?
Combat Crunch Bars continue to free fall down the Top Seller lists
CCB has now fallen to #5 on the Protein Bar list. How long before Carb Killa surpasses CCB as its customer satisfaction rating is much higher?
Look at the list closely and you see CCB is the only protein bar "on sale" yet sales are still falling; even against the competitors at full manufacturer suggested retail price. MusclePharm can't give this crap away.
Q4 is going to be a disaster!
Huge red flag!
When do you stop posting on this board?!? Yes, we know there are some issues with product releases and revenues. But why do you post about these reviews? Have you ever taken a MSLP product yourself? Are you an athlete? Have you ever lifted a weight in your life? The products themselves are actually really good. I’ve taken them and Im sure many on the board have as well.
MSLP will continue to pump out new products and revenues. Soon they will be turning a profit. Get on board before it’s too late.
Go MSLP $$
How would you know what “pissing away $3 million dollars” feels like? Answer: You don’t and I’ll beat you to it...neither do I.
He was willing to put up another $18 million so my assumption is that he’s not strapped for cash like other people posting frantically on stock message boards. See you at the shareholder meeting.
Has anyone performed a wellness check on Buck Wessell?
Pissing away $3m in cash so far in a non-liquid common equity is the dumbest passive investment of all time. Must be dispiriting for a guy who sells rotor tillers for a living.
I wonder if Ryan left a couple tickets at will call for Buck and son at the event last Friday?
Didn't want to show the crowd because there was none
Interesting lack of business acumen where the generic hashtags for #mountainbike and #surfing equal the #musclepharm in your instagram
What a joke trust fund baby. Attention Deficit Disorder with nothing to do and no skills with which to do it.
What does it say about the investors in Drexler like MrHaigs and TexLong? LOL Turnaround Complete!
Did anyone notice Ryan is now promoting and hosting fights in the MP HQ after business hours?
His first promotion is tonight. Tickets still available if you have a spare $600 per seat or 1000 shares of common. When you can't afford to stock inventory, make that HQ a prison fight ring to raise cash. This could blow up on Youtube like Bum Fights did. I wonder if the MSLP insurance underwriter is aware of this after hour activity in the corporate HQ warehouse?
As an aside, does anyone have odds on whether a Drexler affiliate or buddy owns the new building?
FYI: The mystery 14C is a clarification on the address for the annual meeting. Looks like they're holding it at the new facility. I'm sure all of the attending shareholders will be thrilled to see where their money is going.
As an aside, does anyone have odds on whether a Drexler affiliate or buddy owns the new building?
mtc
Congratulations on buying back in. No need to confirm your 3 share trade this morning. We can clearly see it's you. Where did you find the spare $1.80 + trade fee? Did you borrow it at 20% interest like CEO Ryan is doing? If you didn't, then you see how truly desperate MSLP is as they are forced to.
Over here waiting on the “multiple websites with the 12 for $12 deals on combat bars.”
Like for real man...I need these bars. I need to load up. Don’t be like this....
Share the links.
Mmmmm.....tasty. Look at the turd CEO Ryan served customers after stiffing Bakery Barn because MSLP couldn't afford to pay due to the insufficient margins. CEO Ryan is still borrowing cash at 18%-20% against hard assets from the shylocks to fund operating losses even before the CCB disaster. Q4 is going to be really bad though #s won't be released until late March '18, MSLP 12 month run rate is now $96m and still falling. Rev was down -10% in Q3 after CEO Ryan said the bottom was in and ramping up in Q1 & Q2. Q4 revs likely will be <$20m.
I would believe the unverified buyer.
mtc
You mean this "unverified buyer" cheerleader who didn't buy CCB from bb.com but pumps the product?
The next review down comes from a "verified buyer" of CCB from bb.com and is the complete opposite.
Whom would you believe? A review from an actual "buyer" of product or some cheerleader pumping pom poms who is not a buyer?
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