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.
Credibility.
It can't remain like this forever. Either the market is right and this goes nowhere (or worse) or we are right and it goes up a few hundred percent or so. I know this is how all stocks work, but there does not appear to be a middle ground on this one. It's all or none. Fasten your seat belts.
You can write capital losses off against capital gains and up to $3k per year of carry over losses against ordinary income.
Agreed. This would be a big deal. I would view it as a good sign but just guessing. We will find out shortly because an event like this would require filing with the Sec.
I don't get all of the people who think Bluhner is some sort of stud. His resume looks great, but:
1. He has been around for over a year which includes the faulty accounting.
2. He was around for the epic 2011 bonus.
3. The piggies think so highly of him and his opinion that they pay him $85k and don't include him in the bonus scheme.
What am I missing?
Time will tell. Some people never change. Some do. There has not been much evidence yet that they are learning and changing, but for all of our sake let's hope the lightbulb turns on.
First statement is not true. The FACT is that these guys were determined from day 1 to go public. They had very limited access to capital. Brad is not connected and does not have the personality to raise money. Cory has the personality but not the connections. His batting average was very low due to his overall lack of experience.
They would spend money first and then try to come up with the cash to pay the bills. Brad committed a pile of money for a WEC sponsorship. They were running ads when they didn't even have product on the shelves. Anyone remember the national USA Today ad? As a result, they were defaulting on bills left and right. There was legal action by the UFC and their manufacturer, Fit Foods.
They were simply spending way too much. Brad got sick of not having access to as much money as he wanted (blank check), they wanted higher personal compensation, and going public was the easiest way to get access to the funds.
I appreciate your input LC, but try to avoid passing off inaccuracies as fact.
I think the clown show of financial reporting is connected to the musical chairs they have had with their auditors.
It is becoming obvious that the piggies need to give the day to day running of the business. Brad can stick to product development, Cory can post workouts and pictures flashing peace signs, and Jeremy can do whatever he does.
But, IMO, budgeting, spending , reporting, etc should be run by the professionals.
The thing that is confusing to me is I am wondering what shipping the company does. Wouldn't you think all of their orders are dropped shipped from the manufacturer?
Based on what Neuronal? Any facts or analysis to back it up? Or is it just your hope that it's bs? You know what they say about hope as a strategy.
Go back and read the old financials Xander. They owed the IRS for back employee taxes for several quarters. Think that through and it really sounds amazing. They would withhold the taxes from payroll and the spend it on "marketing". They were buying Lambo's, building the mother of all weight rooms (theater included), and other "marketing" related activities when they owed the Feds.
One example. Overdrawn bank accounts for several quarters in a row is another example.
I know growing a business requires spending money, but these guys have a history of spending money they don't have. They appear incapable to apply a simple cost / benefit analysis to any expense.
So the dnizzle rumor fits the pattern to me.
Some fact and some opinion.
This board may sway the stock simply because the dollar volume is so low. It's us and the day traders. That's it. With credibility, institutions will start to invest and the small investor becomes much less important. IMO.
I think it's smart to question any rumor. This one seems to fit the pattern of MSLP since day one. Not a guess.
Very bitter Sandan. Try to relax. This is just a message board.
They could sell them but that would conflict with Brad's statement that the expectation is to fund cash needs organically from the end of Q1 forward.
Apology accepted. Do we agree that it is fair game (and good investing) to look at a company dispassionately and comment on the good and bad?
I am still in this stock because I see the potential. Yet I am frustrated with management for failing to unlock that potential.
Keith the stock is down 98.2% since they went public. You're right, why in the world would people be so down on management? Some people are just so negative. They refuse to see the bright side. It could of gone down 99.2%.
Confused by your post Xander. So you don't have a problem with the bonus?
Someone should call that Pondel PR firm clown and find out if he thinks we are idiots?
If Drew ends up on the company board of directors I think I'll hurl.
And vice versa
They have a history of failing to pay vendors. These include one of their first manufacturers (Fit Foods) and the UFC.
Amazing. Shows that nothing has changed.
They still gave themselves 430+ MILLION shares and over $430k in cash bonuses.
I love how people are acting like they should be nominated for sainthood for giving back what they had to give back.
The PR should of read that the piggies gave back a small percentage of their I'll-gotten bonuses to comply with the law.
Btw...the answer to #1 is posted above in the 3/28 PR. Read Brad's words.
I don't think anyone has a clue as to how many shares are out there. I am not asking for names. I would simply like a fully diluted number that includes potential dilution of outstanding warrants and other shares promised in the future.
That is an elaboration on no more dilution to me. Brad said the expectation was to be able to fund operations organically by the end of Q1. Failure to deliver would validate the lack of confidence in the management team. IMO.
If the list is accomplished it will go a long way towards the stock commanding the multiple it deserves. Right now it is trading at about .22x projected forward sales.
In this industry I think 1.5x forward sales is more common. Companies growing as fast as MSLP should be in the 2.0x range (or higher) IMO. So if it were industry average the stock could be at $.11 right now.
Why the discount? Piggies IMO. Knocking out the list could get them to $.04 and slowly up to industry average with some consistency IMO. Buy back shares and the sky is the limit.
It's not rocket science which is what makes this company so frustrating to me.
I will feel a lot better about MSLP if we see five things in the upcoming releases (financial and otherwise):
1. No more dilution (as promised).
2. A relatively transparent accounting of shares.
3. Quarter over quarter sales growth.
4. Disclosure of the 2012 revised bonus plan.
5. Progress on board of directors.
Bonus items:
6. Gross margin improvement.
7. Expense control.
8. Some insight into uplisting plan.
The math doesn't work for me.
Last 12 month sales est. $30 MM (conservative)
Next 12 months at 400% = $120 MM (possible)
Following 12 months at 400% = $480 MM (???)
I don't see that happening, but you can try to make the case avocet.
Do BCAA's do the same thing as Bullet Proof? I do Assault pre workout and Bullet Proof.
LC I think they are going to need to demonstrate a little consistency. My guess is to get the big money involved they will need to submit clean, accurate and improving financials a few quarters in a row.
I also think that gross sales will start to slow down since you can't grow at 400% forever. If they continue to grow quarter over quarter then I could see $90 million in sales this year.
So if they get their act together and start acting like a real company then I can see their stock at $.10 per share next year (1.5x sales with no more dilution).
I'll take that.
Unless it is their plan to take the company private at the lowest price possible. Then giving yourself massive numbers of shares is a good strategy.
We also need to see the 2012 bonus plan. Btw...they should really do this soon since it's already July. Kind of defeats the concept of a "bonus" if it's issued after the fact.
I think that is referencing the general employee benefits plan (health care, 401 k, etc). The piggies have separate employment contracts.
I would be careful about getting too excited about the new people on board. While they might bring a lot of wisdom with them, the piggies do not have a history of listening to others.
Case in point. One Mr. Bluhner. Looks great on paper. Tons of relevant experience. Yet while the piggies are paying themselves mid six figures, then a cash bonus of $170 and $1.7 million in stock...Mr. Bluhner is making $85k. I have no personal knowledge of Mr. Bluhner, but you have to ask yourself how good is this guy? And if he is so good, why is he working for these clowns making $85k?
You missed the entire point renesis77. I will try to lay it out to you a little more slowly.
1. The piggies get off on the fame of running MSLP.
2. If the company began to swirl the drain, the piggies are:
A. Unlikely to notice.
B. Likely to assume they have the ability to fix it. And
C. Not decide to get out until it's too late.
We see all the same things with where the brand is and it's potential. My experience with the current management leads me to a few concerns that you may not share. They include:
1. A general lack of fiscal conservatism. In addition to spending a ton of money, they were spending money that they didn't even have. They would make commitments that they didn't have the money for and then hope that they could sell enough shares to pay the bill. Several times this strategy didn't work and resulted in litigation.
So my concern is their inability to be prudent financially and plan for the unforeseen. If there are bumps in the road, then without reserves bk is extremely possible. They just can't help living on the edge.
2. I think their ego's will prevent them from ever selling the brand. As a result, we are stuck with these guys for better or worse. I know people think a sale is a great fall back position, but these guys are much more likely to go down with the ship than you are aware.
3. Their general sense of entitlement and desire to be rich and famous makes events like the 2011 bonus unsurprising. As a result, they are likely, IMO, to make reckless decisions at the shareholders expense since they know that they can always just give themselves more shares and nobody can stop them.
I laugh at the people who suggest that somehow these guys are going to give back their bonus shares.
The super preferred shares and self enriching decisions is what is keeping institutions away from this stock, IMO.
So we see a similar current situation with the company just different risks moving forward. Your extremely positive outcome is based on these guys changing. I have several million reasons to hope you are right, but based on actual experience, I do have my doubts.
That is very wise bajista. The interesting thing about Cory is that he really believes what he is saying. It's a good quality, but his lack of experience and limited intelligence is a dangerous combination. IMO.
Cory is a movement. A bowel movement. #private plane, #lolbro, #imake$2milperyeartotweet.
Grasping at straws.