Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
If there is dirt... and that is a big if... I would imagine that it is just as likely that they both have knowledge on each other. If the theory is accurate that MSLP was backed into the corner, it could just as easily be that Sportswear led MSLP proper down the road of impropriety as a matter of survival. If it was more of a broski helping a broski out, it would be likely that they have dirt on each other.
Hopefully, there just is no dirt.
So you are suggesting that a seriously damaging SEC outcome may prompt shareholders to file a class action law suit?
I would imagine that this is a pretty dangerous game. A company that has a damaging SEC finding along with a class action lawsuit might result in investors just closing up shop. Why would new investors invest and why would Frost or anybody else dump tons of money into a company that really is already an ok investment at best? It is not like this would be Coca Cola going through a slump period... it is a company that already relies on enormous cash dumps and has not returned a penny. On top of that, I would imagine the shareholders would be behind Frost, Arnold, Drew, GNC and a whole long list of people waiting to get their checks.
Interesting... I see some peeps and a blog calling out @mpsportswear in the past month. Maybe they didn't get the memo. I am interested in this either way, but it could be good or bad
1. On the good side, I think this was necessary step for the company because why in the world would they want to be ok with throwing money away? I have gotten the sense for over a few months that the relationship between MSLP and Drew was getting cold. Bringing this revenue in house (or at least at the rates they were paying)is super smart.
2. On the bad side, this could be a matter of battle lines being drawn. Perhaps the SEC investigation is bringing out the worst in everybody and things are on the verge of getting ugly. My feeling is that when Frost and other folks started in the picture, Drew's big pocket book (along with weight he could throw around) started not seeming so big or weighty. People started getting pushed out and things got messy.
I think the best case scenario, in terms of sportswear and not taking SEC drama into account, is that Drew and the gang all realized they could make some money and it was an agreeable separation. Perhaps Frost throws a bit of business into Drew's P&D ventures. Drew just goes on doing what Drew does... making money in all his ventures (my understanding is that he still owns a considerable amount of shares)... MSLP starts realizing more revenue AND profit.... everybody wins. Hopefully you shareholders do as well. And I hope you make some mad cash off the decals, as well, Largenj.
This SEC stuff still makes this stock look ugly as heck to me, so I won't touch it, but I am watching. I love learning from this story and I really hope you all make boatloads of cash, but man.... this is a soap opera. Like Creatine Sands through the hourglass, these are the days of our mslp lives.
Something tells me that the relationship was stinky to begin with and that perhaps the relationship is part of the SEC issues.
We don't know the specifics of the agreement and, sure, Drew might have a claim, but if I were to guess... I would guess he does not really want government types up in his business.
@mpsportswear is already deleted.
wow. yes.
Even without the SEC investigation, wouldn't the application expire? It now has been over a year.
Saying it is a "delay" could be an optimistic view. It looks like, at a minimum, they are going to be, at least, 2 quarters behind the schedule they set for uplisting. Does that application expire? Might it dissolve into nothing at some point?
I guess we will just have to wait to see.... patiently waiting for some SEC info. Maybe it is just a big misunderstanding.
As a long, I don't care what Twitter IPO day.
I see absolutely no catalyst for growth to stop in the next year ... other than a sector wide bubble bust, which is not likely
I am seeing consolodation happening now and my opinion is that we don't see this below 45. If we do, I will reevaluate at 40 I'm the unlikely event that we hit that.
Well, I am no trust fund kid (I wish I was), but if said trust fund kid has owned this for any length of time, he/she has made quite a bit of money on it. So, if the trust fund kid made a pile of cash on it, what does that mean for said kid? That he made the right call?
So in all reality, it was $260, $26, $2.60, $0.26, $.026 and ALMOST $.0026 at one time. All on the way down. ROI!!!!!
I see 2-4 quarters of astronomical growth. If they can execute appropriately, and I mean making meaningful acquisitions and integrate them into their ad network, they will be a giant.
Myself... I have asked my FB friends several times over the past year on specific products or services that they use or recommend. Meanwhile, I have never done this on Twitter. To be fair, I complain to companies on Twitter.
Been pretty quiet this week. Any bets on an after hours filing today?
My feeling is that the comments about teens was just all the analysts putting a reason on why the stock saw so much volatility. Sort of like on any given day, the analysts try and attribute 100 point swings(either way) to someone farting in the middle east or some politician doing xyz. Sure... sometimes they are right, but I think "they" (being the analysts) are just as often guessing.
No matter what, there was going to be some takeaway from the financials that could be seen as negative.
People sold to take profits or to take care of options. Now people are buying and building a better base.
The comments about teens is really pretty inconsequential IMO to the 1-2 year time frame.
I am not too worried.
1. Funds are banking profits.
2. People got all crazy after all the AH options (likely much of it options related?) volatility. Who can blame someone for taking 15% profit in just a few hours?
3. Look at the sell volume..... it looks to me like people are selling to take profits over the past few months and new investors are still coming in. As long as there is not some massive sector drop, I see new bottom thresholds continually going up.
100 today? No. 100 in the next year? I would not be surprised.
This is a beautiful thing.
Personally making a poopton of money, but not showing it on the books or returning to investors? If that is to be his only legacy, he is on the same track as some pretty irresponsible and/or nefarious individuals.
Perhaps that is not the final legacy, but to say that it is extraordinarily special to continually spend more money than you make is a bit of a reach. And then he, according to you, personally profits in an extravagant manner from others' belief that he will make them money.... while continually spending more than the company makes... well it is special I guess, but not so sure it is in good way.
History may look back at Brad in a number of different ways, but whatever... As of right now, IMO, he is about as special as a CEO of a pinksheet company that is under SEC investigation deserves. Not that he really cares what I think and I hope he, and MSLP, do awesome, but I am not ready to give him a high five for not making me money.
And here I was expecting a flurry of releases this week! Either good or bad.
I like FB as much as the next guy here, but this news is about as breaking as the wind I broke this morning. I remember that it was nice, but I already forgot about it because it was that inconsequential to my day.
That is a speculation. Another speculation is that they are helping a buddy out. Yet another is that they were being nefariously sneaky.
IF. And that is a big IF... it was a matter of life and death, it would have been tied to drew's investment in mslp and not the clothing deal itself, as that was a rediculous arrangement.
Still, they use the mslp ip (fb page twitter brand website) to sell and promote the brand that is not thiers for free.
I would imagine the finances HAVE to be mingled in some manner that is not really reported. They travel together, they go to events together and they rely on each other for ongoing business (or that is how I understand it). I would also imagine it would be very easy to hide dollars through a non-reporting LLC vs MSLP.
Net profit vs gross HAD to have been given for a very good reason, as it seems pretty much like throwing away any future money.
Why would they?
My understanding is that the agreement is 10% of net profit. Why would an LLC work to make a profit in this situation? If they make 100k gross profit, why send 10k to MSLP when you can buy a company truck and hire a few buddies to do something?
I don't know the specifics of the agreement, but I just see a lack of accountability. It seems very set up for money to be extracted at will.
I just want to see the rest of the PRs about the SEC stuff.... Because honestly, if they have problems and need to reissue financials, that is an end goal that will worthy of speculating on once it has fully broken down.
Please share! Why? I know he has made with the name for himself.
Even if the products suck, nobody can deny that people are buying the crap out of it. period.
I don't use supps, but I can only assume either the product and/or the marketing are awesome. And while I sometimes have my moments here talking negatively about this company, I believe there is something special about Musclepharm's business and this company.
I would imagine everybody here has met a person or two that has been really smart, but for whatever reason... they are lazy, can't show up on time, don't listen.... they just can't succeed. Just because someone (or an entity in this case) excels greatly at a skill or two, it does not mean they have all of the skill sets they need to succeed.
Watching this stock is almost as fun as watching TUF.
Not a dumb move. Why wouldn't it be wise to take some off the table at the growth of the pps here assuming he got into FB in the 20s. Earnings coming up that could either be good or bad.... smart move to preserve your capital!
Unfortunately, I am not wise. LET IT RIDE!
Has this been posted yet?
http://www.fool.com/investing/general/2013/10/22/can-this-diversified-health-care-company-justify-i.aspx
I find it interesting that the Fools talk about OPK needing revenue.
At one point, remember that MSLP was going a medical route with how it helped people with AIDS.
I was really expecting some more drama today.
$4500/month expenditure is 8-ked? I think the more information, the better, but if they are going to 8-k that, I would like to see the monthly liquor expenditure reported in a similar manner.
I guess I am not sure what the intention is by reporting this, but I don't think it is a bad thing. Like I said, having an office near an export port and near sister companies is NOT a bad thing.
Do they still have that office in Canada? Wasn't there one in London or something too?
They are moving in with Frost. Perhaps these guys are grounded and need some adult supervision.
Having an office in the city hosting one of the largest port of exports probably is not a bad thing either.
I just can't WAIT until they get to the part about Sportswear!
What is your take on the actual non-sec PR that was put out today? That was an interesting one as well.
I have to say that I am half expecting some sort of amazing piece of news OR a series of schizophrenic PRs that matched today.
No matter what happens, I think the show is going to be interesting!
If I were to guess, I would guess we are in the midst of watching a hot mess reveal itself... like watching Miley Cyrus at the VMAs.
I do believe there is an opportunity here though - catch MSLP right at the point where it is the equivalent of Brittney Spears shaving her head and invest then. Waiting for the cleanup to happen.
The risk, however, is that they are more on a course like that of Dana Plato than a comeback.
I am on the sidelines eating my popcorn seeing what they are gonna do next!
I don't think the os JUST changed... it is an update to a filing in 2011. If I were to speculate we have more filings on the way.... along with every q and yearly from that time forward. Perhaps a trade opportunity here, but I would want to see what else is filed in the next week or so.
I don't think the os JUST changed... it is an update to a filing in 2011. If I were to speculate we have more filings on the way.... along with every q and yearly from that time forward. Perhaps a trade opportunity here, but I would want to see what else is filed in the next week or so.
Yes, but the percentages wouldn't change with a rs... but did they change with all the dilution?
Bottom line question is what exactly changed with the amendment... also do they need to refile everything along the way?
More filings... interesting stuff
Via filing on 4/15/11
All I know is that he is not related to any of the executives. Is it me... or is that just an odd thing to put into a filing like this?
It could be a win win for him
1. Company drowns - They were on a path of destruction anyways, in hindsight, there was nothing that can be done. Plus, they pay me along the way and some of the executives here have been doing this part time anyways.
Besides.. I am the CMO and the problem was not with Marketing, but with finances
2. Company comes out ok to good - Great turnaround story and I helped make it happen
Not to mention, the guy seems to be trying to specialize in OTC companies.