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Slow and steady wins the race.
Q's going to come out strong, if they are marking the boards as it appears that they are, we're gaining ground as shareholders... this might not be to da moon as the pumpers claim, but we'll rise strong and steady.
I will say this, there products are top notch. I've only been using them for about a month, but both Assualt and Combat Powder are awesome. They have me hooked on their products now. Just need managment to make sound fiscal decisions which they appear to be moving in the right direction. MSLP long!
Love the Assualt. Only been using it for a couple weeks but makes a big difference in workouts. Beast mode for sure then Combat powder to recover. MSLP investor and product user. Go MSLP!
Going into BEAST MODE!!!!!! Just chugged my Assault and headed to the gym to throw anything that gets in my way. lol
Assault is like cryptonite flowing through my veins. Ahhhhhhhhh
Loving the volume today. Already up $8K on this and not even thinking of selling. That will be a pitance to what gains are to come.
Ha! I wish. I would be quitting my job at the end of the day too.
High of the day three dollars ,come on get there
It's a possibility that they're not concerned about it dropping because it does help them on paper for Q2 results. On 3/30 the closing share price was .036. Now it's less than half that. They had a change in FMV of derivative liabilities of negative $8.35MM. This was a result of a share price of .011 at 12/31. Now say the share price is .014 at 6/30 you would have a positive change in derivative liabilities of almost $6MM. If they also have less toxic interest expense they could post a net income for Q2. I'm still focusing on the operating income. All IMO. GLTA.
I saw a post earlier about them keeping the share price lower until June 30th because it decreases liability or something? Who thinks that could actually be the case? This company is worth way more than the bleeding PPS shows, so there has to be a reason for the constantly dropping price.
Side note, I'd love to own one of those shirts, but I won't buy anything other than a scoop of Assault before my exercises until they release some kind of information about anything happening.
I just put in an AON order at the ask of .0143 for 70k shares and went through right away with Scottrade. Did you contact your broker?
Typically splits are done to increase liquidity and allure smaller investors who aren't willing to pay high prices for stocks. There really is no affect on the value of the stock. It probably really has nothing to do with MSLP but it is interesting.
UA announced a stock split today. Could be a coincedence or maybe more ammo for your theory.
I think a lot of people feel that way, but are holding out hope they are turning the corner with profits. I figure, one way or another I should make some coin because they'll pump this thing again before warrants are exercised. I'm defintely not thrilled with managment up to this point, but they do have proven products that consumers love, which is very rare in pennyland. Let's just hope they have some employees with fiscal sense to wake them up. There is also the possibility of a merger or buyout.
I would rather invest in a company that does not go down 98.5%. I would rather invest in a company that the executives give a sh*t about the shareholders. I would rather invest in a company that the executives pay themselves a reasonable amount. I would rather invest in a company that the top three executives don't cook a sham bonus plan 11 months into the year to award themselves 1/3 of the company.
Thanks euc and jwblue. I ended up going with Vitacost due to free shipping. Got the trial size Assault - lemonade (didn't have rasberry lemonade) and the chocolate peanut butter Combat powder. Now I'm officially a consumer as well as a shareholder. Now make me some money MSLP, lol. GLTA!
I see it online at Vitacost for $12. Is this the cheapest?
Where can you get the trial servings, online? I went to a GNC and they only had the month supply. Thanks.
The chocolate peanut butter sounds great and was thinking of ordering that myself. I haven't taking any supplements since college but wanted to try out the Combat powder. Not a big fan of creamsicles (I remember you used to eat them all as a kid). Was going to try Assualt as well, but was worried it would bother my stomach too much.
Market maker
Excuse my ignorance, but what is MM? I've never seen this acronym before.
I'm sure some have quite a lot. I actually have less now then before, only 1.1MM but plan on hitting 1.5 to 1.6MM before Q2 ends.
Congrats!
Talk about a low volume trading day. A third of the volume was just from me picking up 400K at .0155. Hopefully we have seen the bottom. I'm anticipating some good Q2 numbers. Let's see some operating income and possible good net income with change in derivative liabilites.
LOL, yeah that's why I don't post much anymore because most of the time it is speculative nonsense with no merit. There are quite a few posters here that do some good DD and share with the board that is helpful.
I'm also glad to see when I ask a question that involves real fundamentals of the company, I can actually get a helpful response. Much better than the useless dribble that takes place on this board 95% of the time. (Some of which I have contributed to myself)
This is correct. Any change in fair value must be recorded on the P&L. What could happen is for the holders of the warrants pump the stock to increase PPS before they exercise their options. I believe this is what caused the last surge. I concentrate more on operating income which disappointed me in the Q1 since they put a PR out saying they expected $1MM IN operating income and it was really a $700k loss. I still think Q2 will be good and am holding. I sold most of mine at .019 to .018 and have been buying back before Q2. GLTA
Euc can you provide the link?
MSLP website updated. There are no longer the NSF and Informed Choice symbols on the top banner under certifications. On the product line, it's still showing Assualt as NSF certified, but I would guess it's only a matter of time before they remove this, as it's no longer NSF certified. I have sent an e-mail to NSF to confirm the exact reason for the removal, but I assume it has to do with them not complying with the March letter to not label everything NSF certified. Another bush league mistake by managment.
If you have $25K in your account you just go in and download it.
That's why I'm in on this stock. With the exponential increase in revenue, even with a 22% gross margin, they can hopefully pay down this awful debt and secure more attractive financing. The long term prospects are still great as long as management doesn't F it up. Great product, great market penetration, increasing sales domestically and internationally, starting to take baby steps towards their corporate initiatives. GLTA!
Circumstance.Looks like a rate for needing cash now to fill orders.This Q states the rise in sales and cash flow should become much more manageable.They are taking the steps to manage both and with the rise in products sales clearly stated.The financing should get better.The sales jump from late last year was like BAM.Looks like they had to go the the "pawn shop"...Thats Ok...Now move forward and clean the books. Easy part.
it can be done, and they have this in such a sweet spot.Actually building the best brand.
I did see the small reduction in o/s shares, that's good. Hoping Q2 brings better results, which I think it will with the increased revenue. They really need to get their balance sheet in orders so they can get some legit financing. A current ratio of 0.26 is terrible, this is why there is always the opinion that they might not continue as a going concern. They changed auditors before because of this, but no CPA is not going to state this with these numbers. They are getting killed on interest rates. I could go into a bank with a business plan on a piece of scrap paper and have better luck at getting financing then these guys right now. If they continue to rack up these huge losses it will be a while before anyone sees a positive EPS (inception to date not just a quarter).
I see three positives from the 10Q.
1. O/S is reduced to 1.4B from 1.44B.
2. Cash on hand of $1.3M
3. Sales were still great at $16.5M.
Now for the Negatives1. Operating loss of $727K instead of $1M in gains
2. Net loss of $16M
3. Liabilities outweigh assets $24.7M to $7.5M.
BTW - I agree, the Balance Sheet looks like sh*t and needs to be cleaned up if they ever want to make it to a Higher Exchange. Link below for 10Q.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8638686
Yes it did in prior periods. It did not to their preliminary reports which obviously can't be relied on which is why I was eager to see the 10-Q.
$1MM increase in salaries in benefits yet they can't afford to hire additional personnel for proper segragation of duties and record keeping. Bunch of greedy pigs. They are never going to turn a profit with 15% interest rate financing. Might as well use credit card cash advances. They're still a long way from making the necessary steps. Maybe someone will buy them out. So much for $1MM operating income. $728K operating loss and net loss of $16MM. Balance sheet still looks awful. Yes sales look great, but only a gross margin % of 22%. Lots of work to do, hopefully Q2 looks a lot better.
blackout period investment & finance definition
A period when a public company’s directors, officers, and specified employees can’t trade the company’s stock. Blackout periods occur prior to the release of annual or quarterly financial earnings information, and may extend for a time period after the release of the earnings information. The company, not the Securities and Exchange Commission, sets the blackout period. Rule 10b5-1 of the SEC Act of 1934, however, creates a “safe harbor” in which officers, directors, and employees of a company, through the adoption of a trading plan, may trade a company’s securities even during a blackout period or other times when they have knowledge of material nonpublic information. A trading plan might be an established employee stock ownership program that calls for a set number of shares of the company to be purchased each month. In general, a trading plan removes discretion for the sale or purchase of stock from the individual and creates an automatic program.
Not only would that be unethical I'm pretty sure it would be illegal.
Not to mention spitting in the face of every shareholder.
This is what I speculate is happenning. You can see big chunks of shares being eaten up. With so much uncertainty going on, it seems like they may be executing part of their buyback plan while the share price is low. Either that or someone has some information we don't.
We are one step away from being delisted, had a letter added to the ticker and the PPS is holding pretty good, something seems fishy here, wondering if MP is buying back shares and that is holding the PPS up? No way to know at the moment.
There is no affect on cash. If there is a change to a/s, which I hope there is, they could have computed this by calculating the change in bonuses in 2011 based on the new net revenues. I was just saying that they still could have filed Q1, then made their changes to the articles of incorporation for the authorized shares. I do think they must me making all the changes at once and waiting for everything to be finalized, but it was possible to file Q1 if they had good record keeping. GLTA!
How would they be able to file an accurate q1 report without completing fiscal 2011. Would cash and a/s be accurate.
It's really not that bad if you have the right personel. I don't have their compensation agreements but it's easy to compute bonuses on revenue numbers once there correct. Maybe their lawyer is dragging his feet on filing the paper work but that's just a wild theory among many others on this board. Of course this IMO.
Yes, they could have if they had the proper record keeping. I stated this before. There is no affect on the balance sheet, as net income is unchanged. They just need to reclass the ad allowances to net against revenues. I think they just want to do them all at once as their CPA firm is probably working on all of them now. I'm just hoping they are following through on their initiatives, because this company has enormous potential, which is why i and many others have invested in it. Like mostly every other penny stock, their balance sheet looks like a big piece of sh*t, but they have taken some steps already to improving this. They are not going to get any real financing with negative working capital and a current ratio that is pathetic. Once they can improve this, they can start working with the big boys and stop having to issue shares to raise capital. GLTU. Oh and I saw the letter you wrote to them, well done.
It's management's responsiblity to review financials and sign off on the rep letter. Audited financials are the reprsentation of management. It's not like they have billions of dollars of sales, though that would be nice. You would have to be really ignorant not to notice a 20% increase in sales from what you are projecting. I run an Accounting & Finance department for a company that does over $1 billion in revenues and trust me I know if there are errors even in the thousands. New changes in accounting principals using codification standards may have confused them with what they can include in revenue, but even so if they had proper record keeping, they should be able to resolve these issues in a minimal amount of time. They need to take fiscal responsiblity of this company and start restoring faith to the shareholders. I do believe they are on the right path, but I'd like to see some substance and not just hot air from a PR.
Well the "E" has officially begun. Come on management and let's get those financials published. Bunch of slackers, lol.
IMHO, the only way this company fails is if Brad, Corey & Jeremy do not let others control the ship. Good entrepreneurs know to hire those smarter then them and let them do their job. Give a good management team a lemon tree, they'll let it grow, make lemonade and sell it for profit. Give Brad, Corey & Jeremy a lemon tree and they'll pick every last fruit, squirt it in your eye and burn it to the ground.
Let's hope they started cleaning up their balance sheet and are cash positive going forward.
I e-mailed them yesterday as well, of course they didn't respond. I think a monkey answering calls would be better then the IR they have now. Total disregard for shareholder concerns.
I left a message on Robert Jaffe's voicemail yesterday and never got a call back. This new IR firm is awesome!!!! Not.
That's just a typo should have been 2011. I noticed that before, amateurs can't even proof read.
Anyone ever think that they put that date as the date it will come out because they already knew they were gonna be late anyways?? Just a wild guess, why would there be a typo?
Quote:
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Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.
On May 14, 2012, MusclePharm Corporation’s (the “Company”) independent registered public accounting firm and the Company’s board of directors (the “Board”) determined, after consultation with Company management, that the following financial statements contained misstatements: (i) the Company’s audited financial statements for the year ended December 31, 2011, filed in an annual report on Form 10-K with the U.S. Securities and Exchange Commission (the “SEC”) on April 16, 2012; (ii) the Company’s unaudited financial statements for the period ended September 30, 2011, filed in a quarterly report on Form 10-Q with the SEC on November 14, 2011; (iii) the Company’s unaudited financial statements for the period ended June 30, 2011, filed in a quarterly report on Form 10-Q with the SEC on August 16, 2012; and (iv) the Company’s unaudited financial statements for the period ended March 31, 2011, filed in a quarterly report on Form 10-Q with the SEC on May 23, 2012. The foregoing financial statements contained material misstatements pertaining to the Company’s calculation of net sales and presentation of general and administrative expenses. The Company has determined that advertising related credits that were granted to customers fell within the guidance of ASC No. 605-50-55 (“Revenue Recognition” – Customer Payments and Incentives – Implementation Guidance and Illustrations).
Good point, though I didn't expect a detailed reply. I was just busting chops. GLTU!
True but ....nonfat milk have higher concentrations of sugar. That's one of the reasons many bodybuilders prefer water over milk. You use 2.0%, you're consuming some fat and don't want that if you're cutting for a competition. And if you use nonfat milk, you're upping your sugar intake.
When people tell me they are consuming nonfat products to get healthy, I always tell them to compare the amounts of sugar between the regular and nonfat products - like yoghurt for example. Nonfat is not always that good for you if it means higher sugar consumption.
Maybe he just doesn't like milk. They do have this invention called skim milk, which is fat free, lol.
When you think about it, milk is a fatty product so you can replace it with a different fat such as peanut or almond butter or half an avocado for example. I avoided using milk with my protein shakes and used those substitutes along with water. Very delicious alternatives.
Check your calendar, they filed on time last year with the extension.