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Soon they'll be paying 12% on that bridge loan becuase we all know they sure as hell don't have the cash right now to pay it back. More toxic financing and dillution. Same old story.
Pre-splt this thing is .0047. Pathetic!
Unfortunately, I doubt their massive egos will allow them to step aside and give up control. They'll find that no one is going to invest millions of dollars and trust them with it, so they'll continue their dillution and toxic fianancing. Eventually, they'll come to a point no one will buy any shares and go bankrupt. Such a shame they couldn't just have done a controlled expansion and allow themselves to make a profit before trying to take over the supplement industry.
Well if you sell it now you can make $4.50. That's about as good as you'll probably do except that once you take off your commission it might still be a loss, lol. Same problems continue to plague this company. Awful management with no business sense. Over expansion with toxic financing and dilution. This POS is going nowhere.
I am officialy a shareholder again:). I looked at my Fidelity account this morning and it showed that I have 1 share. Where did this come from? Hopefully it makes me alot of money.LOL
Hopefully they stick to that as the year is not over. Would love this compnay to make some good decisions but I have no faith in the three amigos.
They did not fulfill this bs. That was to get others to invest so they could dilute another 800 million shares. Why buyback 20M shares then dilute by 800 million at a much lower pps?
On another topic, we know that a company buying back its stock is a very bullish sign. I don't remember whether MP fulfilled its stock buyback program announced in April, 2012.
http://www.reuters.com/finance/stocks/MSLPD.PK/key-developments/article/2526294
This announcement was a major catalyst that made me invest in MP.
I don't follow this logic. How is diluting shareholders to pay off payables going to create assets? The payables are the liability that was used for inventory. Those assets are already recorded. All they would be doing is reducing cash and reducing payables. Their is nothing new with these morons. They over expand with no regard to current shareholders tying to gain market share. Instead of reducing COGS and SG&A they just use shareholders as their piggy bank. And the three little pigs went Weeee....Weeeee.....Weeeee....all the way to the bank with their fat paychecks and ridiculous bonuses.
Don't believe their lies. They just did the r/s so they can dilute more. How else do you explain an increase is a/s to 100M. The three amigos are soulless scumbags who care about nothing but themselves.
Question-Given that their claimed primary motive for the RS was to uplist (I'm assuming NASDAQ), if they dilute and drop the share price, won't that likely take them below the minimum $4 initial listing price requirement?
Seems counter-intuitive... But then again, from what I've read about management perhaps that's consistent with their "thinking."
Thoughts anyone?
I wouldn't hold your breath on them uplisting. More dillution to come, they never intended to uplist, just a scam.
Wow! Pathetic volume today. They must have ran out of Kool Aid to serve up.
IMO they are just waiting to maximize the current a/s before executing the r/s. Once the r/s happens your shares will be diluted as they raise the $20M in capital. Share price will sink, they'll continue to dilute which is why they raised the a/s to 100M after r/s. Dilution will continue until it's under $1 again and then back to sub penny eventually.
They sure do make it a fine art. They could be a case study in business managment of what not to do. Such a shame.
Management disgusts me. They are totally oblivious on how to run a business. Still praying for a pump. Come on Muscle Turd!
I would,and its not funny is it?
WTH is that?
ANyone?
Just one example.
Sign me up. I can work consulting for them for three months and get 300 million shares.
Business Men needed at MP
They have been 100% drained by number calculations and projections of future growth.
You have nothing without A viable business.
well, you do have .006
Primarily due to an increase in accounts payable. They're not paying their bills which results in an operating cash flow. The same thing continues to plague this company, overexpanding and spending. They should concentratte on generating cash from their core products that already have solid market penetration and loyal customer base instead of dilution. This could be a great company if it wasn't for the three amigos. All those that think they are really going to go to NASDAQ are drinking the kool aid. What institutional investor wants to invest in a company that has series B preferred shares that gives them 51% control and all the voting power. Come on MSLP pump! We need APS to pump this.
That is not negative cash flow, have to look at the cash flow statement. Operating cash flows were positive for the 9 months. That is really good news.
I expect some PRs and a pump coming. If the three amigos had half a brain combined (which is generous), they would execute a good pump before doing the R/S. After all we all know the R/S is not to uplist, it's just so they can dilute once again.
Was anyone really expecting a good 10-Q? Working capital deficit. Giving away shares at fractions of a cent. They're bleeding cash which is why they've been diluting. Still waiting on a good pump. I'll be pumping it myself to try and get out of this POS. GLTA!
Fidelity Bond Filed Pursuant to Rule 17g-1(g)(1) of the Investment Company Act of 1940 (40-17g)
Fidelity Bond Filed Pursuant to Rule 17g-1(g)(1) of the Investment Company Act of 1940 (40-17g)
Tweet PrintAlert
Shareholder Accounts Corporate Offices
c/o Ultimus Fund Solutions, LLC 3707 W. Maple Road
P.O. Box 46707 Bloomfield Hills, MI 48301
Cincinnati, OH 45246 (248) 644-8500
1-888-726-0753 SCHWARTZ INVESTMENT TRUST Fax (248) 644-4250
FILED VIA EDGAR
November 13, 2012
U.S. Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Re: Schwartz Investment Trust
File No. 811-07148
Ladies and Gentlemen:
Schwartz Investment Trust (the "Trust"), in accordance with Rule 17g-1 under the Investment Company Act of 1940 (the "1940 Act"), hereby provides the following in connection with the Trust's fidelity bond:
1. A copy of the current fidelity bond (the "Bond") (attached as EX99-1).
2. A copy of the resolutions approving the Bond, which were adopted by the Board of Trustees of the Trust, including a majority of the members thereof who are not "interested persons" (as defined by the 1940 Act) of the Trust (attached as EX99-2).
Premiums have been paid through the policy period ending on September 3, 2013.
Please contact the undersigned at 513/587-3406 if you have any questions concerning this filing.
Very truly yours,
/s/ Wade R. Bridge
Wade R. Bridge
Assistant Secretary
Gross margin increased to 21.89%. Finally getting rid of deep discounts. If they can continue this and reduce some SG&A, clean up balance sheet they are on their way. Still plenty of work to be done.
BOD Minutes of Meetings:
Consultant #1: "Gentleman, products look great and we have a loyal customer base. What I think we need to concentrate on now is improving our balance sheet and becoming cash flow positive to fuel future growth. Then possibly uplisting and attracting real financing for future growth. Let's look into manufacturing options and start reducing discounts."
Cory: "Hey bro, let's not get off topic, when's the new gym going to be ready?"
Consultant 2 to Consultant 1: "Didn't they kick his a$$ of the board?"
Consultant 1 to Consultant 2: "I don't know, these guys are hopeless. I'm outta here!"
I know why would MP want to do anything fiscally responsible and try to bring value to shareholders. The truth can be so painfull sometimes, lol.
Most people would like this to get to .01, forget about $1. Only way this thing is hitting a $1 is with a 200/1 reverse split, in which case it still will be worth .005 to current shareholders. Management has no clue how to run a business. How about focusing on operating income and cash from operations to fund future expansion instead of dilution and loan sharks. They're going to run out of cash and have no financing and no one to buy their bs diluted shares.
Seen some go way past a $1 with no revenue, all pump and dump. That would take way too much thought for MSLP to hire a good pumper, especially when they're flooding the market trying to raise capital.
We need APS to pump this stock. They could get this to $1. They got TAGG to .50 today and they have no revenues. I've been flipping that one. Going on round three.
Time for them to man up and pay for a pump. That's what this stock has become, nothing but a pump and dump. Sad thing is even a good pump probably won't raise the PPS that much. These guys have lost all shareholder confidence.
This is what happens when you continuously screw over shareholders. Liquidity gone even at these pathetic levels. Gonna be real hard for MSLP to raise Capital going forward.
Cmon bro! They got more important things to do like build another gym on the shareholders' dollar.
These guys blow. A beating like this on the pps and no pr's with reassurance or steps that are being taken that benefit shareholders.
There getting close to maximizing there authorized shares. Only a matter of time before they increase the A/S. You'd think these geniuses would at least try another pump to increse the pps when they need to raise capital the next time. At least that's what I'm hoping for, lol. Such a shame that the three amigos have no business sense what so ever. Great product, brand awareness and market penetration. Yet they just keep trying to expand when they need to bring manufacturing costs down and tighten SG&A a little. They have enough products out there. Start concentrating on operating income and generating cash from operations instead of toxic financing and dilution.
Not really, just means the investor has a broker who can file a form T. They're usually pretty large transactions. Depends on who is the one buying. Speculate all you want.
other than that, is it of any significance?
It means the trade was executed outside the normal trading hours.
what does this form t mean?
Not really 55 x 0 = 0
0 <> 0
MSLP stock is now about 55 times better than the worst possible stock imagineable.
I like the Orange/Mango the best followed by Rasberry lemonade.
Yet here we are in the 3rd quarter and the balance sheet still looks like dog shit and they have not added any value to shareholders but have done the exact opposite with more dilution.
$$MSLP: "Our goal is to become a fully sustainable free cash flow business by the end of the 2012 first quarter," said Brad Pyatt, chief executive officer.
"Retiring the convertible debt has helped reduce uncertainty in our equity structure and represents a major step in our plan to re-capitalize MusclePharm
and strengthen its balance sheet. We are very excited to have completed this program and to continue our focus on growing our business, and adding
value for our shareholders."
It's already been selling in Dicks before the PR. Many people do their DD with this stock but keep pumping.
I agree 100%. They already have a good market share and great products. They should have been concentrating on their fiscal responsibilities. Cleaning up their balance sheet, getting rid of toxic debt, so they could attract good financing, then expand. Reducing cost of sales. Instead they keep getting into terrible finance contracts, screwing shareholders by diluting to stay afloat. These idiots have no business sense.
Controlled growth would have been so much more desirable than the flashy but costly growth they have been insisting on sustaining.
Conquering armies get so drunk with their conquests that they can overextend themselves if they aren't careful.
This is what Muscle Pharm has done in their eagerness to expand with their market blitzkrieg tactics.
Those two consultants they have retained had better be giving them the right advice and they had better be following it quickly.
Only due to a change in derivative liabilities, which was to be expected. Still an operating loss an only a gross margin of 16.12%. Sales down from Q1 is a bit disappointing as well. Balance sheet still looks like a giant turd. Just waiting on a pump.
Net Income (Loss) $6,181,904
From 10Q
Net income for the three months ended June 30, 2012, was $6,181,904, or $0.00 per share, as compared to a net loss of $7,436,623 or loss per share of $(0.04) for the three months ended June 30, 2011.
Revenues do not equal profit. They continue to be unable to secure any decent financing which is why they continue to dilute with these toxic warrants and notes payable. Managment says one thing and does another, completely destroying shareholder confidence. Their current ratio is pathetic and until they can come up with better gross margins or reduce SG&A dramatically they'll never get anywhere. Do I believe this company is worth more than the $20MM market cap, most likely. Holding until at least another pump but I was weary of management to begin with and they take one step forward, two steps back. Shame becuase I love their product and their sales are great, just need a business model that will propel them to the next stage, which is profitablility. Maybe someday they'll figure it out.
20 million market cap from a company that in my opinion is going to do 100 mill this year?? When this happens wont the pps go up 5 times? Why would anyone be planning an exit strategy? All opinions welcome.
Good ole VJ day.
Last price .0134. Volume is 445,612
Just waiting on the next pump before the r/s.
WTH is going on here? This graph looks like a stock on cardiac arrest. This thing is so easily manipulated right now. Still holding. MSLP long.