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.
Dingle, I thought we would have had a stronger finish....I'm a little suprised. You?
Also which Drew is Ciccarelli?
Your right I'm not....but man I remember how awesome I felt when the bank gave me a credit limit of $50K!!
I thought I was king....truely did waste about $5k of it, but it was my ignorance (lack of experience) when I started my biz and thought I was making the correct purchases.
You know that guy too! I was that guy when I started my biz when the bank gave me a credit card! It only lasted for a few months. LOL.
I still preferred your ghetto post yesterday....
Question FB/twitter followers; as I dont follow:
Does Drew typically work directly with MP and customers?
What is his role....I've heard people mention a wide range of things...from pump artist, to certain roles in the company....
Any info, thoughts appreciated
Crossroad...a couple of thoughts
....Been busy last few days and haven't able to follow as closely as I would like.
Look I don't know what big execs make and haven't researched to make a comparison (before somebody tells me; I agree I probably should), but I am going off what everybody has said it was a huge increase. Has share compinsation and bonuses been changed (this I would like to know very much)
If salaries go up; I would assume an indication that they exceeded forecast.
If share compensations went down; I would assume 1 of 2 things (or both) 1.That they don't want to dilute further (thus increasing PPS). 2. That they will perform an R/S fairly soon (3months to 1 year) and they don't want the weight of those compensation/bonus shares to scare away the new set of investors.
Also I believe if they do increase the A/S exponentially it will be at the time of a major pump.
But most importantly I think the tell will be with the details of the agreement with TCA via a secured debenture and equity facility. (this absolutely pissed me off that we know of a deal, it's been publicized, and have no idea of the details).....
I take full responsibilty for my investment...both when I have made incorrect judgements/guesses (as some have said sometimes "stupid"), but atleast they were made with information that was available. The only thing we got was "secured debenture and equity facility"....When focusing on the info given (wording)...I am very optomistic.
Remember even though they do $75m+ rev on the year, they are a small company, they can and have acted like a small company. They have almost NO hard assets. Who gives them $2m (roughly 50% of all assets) when they don't have a high probability to get it back?
They are a revolving door with their finances.... I'm guessing right now they rotate CASH atleast 2 times per Q if not 3 or 4.
In addition, I think it is also important to note that warrants are gone (yes, we can say cheap shares available). So how did they raise money similar to the prior Q's? Look how much money they raised via warrants....that's why I kept saying they turned down $8m Cash.
I would guess massive volume in next 90minutes....and a push .0075+
I saw something I like in L2.
Crossroad, what is it with this? Your talking about the form D on 7/27 right?
I remember that....is it the $50k for officer salary? I just thought it just meant they were a little short on cash that day to pay Gary Davis?
Did I miss something?
Could your share your translation?
Any thoughts? To share?
Coach, yesterday was one of the very first times I was extremely mad.
The get additional financing via tca - in what could be a very positive move (I'm notoriously optomistic very many reasons), but the press release was via tca.
If we don't get the details....then tell tca to wait to make their announcement until the are going to file the 8k.
That bothers me....I try to research and understand the best I can.....based on information provided, but this time we don't get anything.....atlesst not for 5 days?
Mslp management: do you know what nemesis means?
Wilermke, I'm really confused by your statements...
First I'll say I'm personally overinvested in this for my personal risk tolerance, but I try to not over react to anything.
How can you come in here and say that we need to wait years and that massive growth (400% 3 consecutive years) is going to drive the PPS; then on the other side you say you know when to buy the low dips like it's a short term "play".
I've spent way more time trying to look learn about this stock than is probably healthy, but I have learned alot...however at a huge price (4 year education at a state college).
Nothing is clear with management....
They can't even coordinate a PR with a financier. TCA Global states a deal that could be monumental, but with no terms (via a press release in London)....and we have to wait 5 days or more to hear the details.
Sounds like TCA has some insider info that they can share, but isn't available to the public.
Everybody here knows that I am one of the most optomistic people here while still trying to find the truth.
Where is the transparency and goals? Saying "longterm growth" is NOT a clearly laid out plan!
Deep, Another good post. Great analogy....Thanks again
jltg, equus, what happens to shares that are bought back to company?
If they continued the buyback would that reduce the O/S to a point that a new insider would have a larger percentage of the company?
Or could it be that TCA simply wanted to make sure they were using the funds strcitly for operations, not wasting on such a small buyback?
jltg, I too would be more than willing to participate on both ends as well if this deal with TCA turns out to be more toxic finance.
Could you explain your thoughts on previous post: Why are you correlating the cancel of the buyback with an insider of 10%?
I would appreciate a reply....Thanks
What doyou want them to do?
It's cash.... Not diltutiin.
Deep, you know we got a love/hate relationship...
Instead of saying the pay is reduculous .....I'm planning with metrics that say its reasonable.....
.....numbers may surprise...you've seen my forecast and those are my lowball numbers.....(37 tops)
Somebody tell me I'm wrong....but please tell me why I'm wrong?
I've got too much in this.....and if I'm wrong .0025 is not bottom--it will be .0012!
Yes. That's what I've been trying to tell him.
You are correct ....we don't know terms.
Tca initiated.
....but I would Assume (only because they can't go from their rep to being perfect) their is going to be a little bit of dirt on 30 to 50% of they loan on the equity side as this would give them a liquid way out in an emergency.
Overall as I told feisty....potentially best deal yet!
Actually I did say "best"
I played my game.....red Wednesday and/or 15% on no news and I buy....here is to hoping I've actually learned something. Gap up green!
I don't know.....how would you?
I think go back to my previous post and ask yourself that question again....
I see:
Release by tca 10/24: entered into secured debenture and committed equity faculty (terms unknown)...
Release mslp (7/20 8k - 2 of them)7/13: entered into material definitive agreement for $750k at 12%"security agreement"
Release mslp (7/20 8k - 2 of them) 7/13: Finalized a commuted equity facility agreement for up to $3mill and a registration rights.
Multiple keywords here: ( your doing what I am famous for....Making a picture into a puzzle when it's already put together...)
Secured debenture and committed equity
Enter
Finalize
It's not the same deal!
Imo
Why would you assume those are the terms of this agreement?
I'm going to answer a question by jltg for him...
Why not protect the pps?
Cause the don't F'n need it anymore!
----------
My question was:
Why turn down $8mill in toxic?
Cause they don't F'n need it!
Your last phrase is correct for a worst case scenario....
I see $2mill cash, which is essentially 50% of hard assets, for a percentage in the 10 to 15% interest on the $2mill.
Sounds epic to me
How do you figure? Seriously I'm not playing.....how do arrive at 16% or double?
All I know is the last one was for 12% on $750cash.
What are you calculating??
Best yet. I'm still unsure why not for $5mill?
Tell me why you thinks it's not.....
They turned down $8 mill cash in the last 90days.
The got a loan (terms tba)....last one was 12%!
And they increased their base salary.
Why would you do that?? Ask yourself that very simple question?
So all of you didn't buy the 15% dip?
Where is anybody getting these details of shares?
To me it sounds like the best financing to date?
I posted a numbers breakdown last night....I was a few beers in, combine that with not being able to type fast enough (on my phone)and being dislectic might have created some confusion....but now I think I might be off....on the low side!!
I would love to welcome any investors that watch this board, but don't speak to speak now and do your own dd.
It's Wed and 15% Red....
Conspiracies....
It's all I got right now.
1. I'm learning
2. Pps is super low
If they are operating like a revolving door, cash flow wise, then crossroad post + money borrowed should equal sga + cog + interest expense. ( I say this as a Self proclaimed small biz cash flow expert....I would attack balance sheet from both ends and over borrow).
If they don't want to mess/confuse the balance sheet up they will finally separate the 2; hence derivative liabilities and convertible debt are nonexistent.
Then they would borrow in excess to cover deferred rev for q4.
Now we know they had to raise 2 million cash (crossroad post), plus and additional 10% of revolving (1.6 mill).
Equus, yes sga stays static at 4.25m
Crossroad, yes they are "behind" 1.8. (albeit balance sheet choice)
Revolving door is loosing (100% on paper gone---20% on cash leverage)
They raised 3.5m "at the beginning of q3
Apply the losses to the q in 2 parts (imagine it was cut in half)
So of the 3.5 m : 1.8 went to crossroad post (less 20% off the top) = 1 million excess
Now add 1 mill excess to 3.5 revolving less 20% = 4 mill
The total excess 5 mill should go forwards as a cog (no increase in sga as I agree with Equus).
Then take previous q cog and increase by 5m. This equal 18m cog Q3.
18m cog at 16% is 21.5m and at 20% it's 24m rev.
They will make up for the decrease in seasonal operations in Q2 2013 by having zero debt
Equus, To throw out a wild idea "theory" on why not protect the PPS right now.
They have essentially freed up more shares with the 700m warrants for 500m common stock. They freed up another 60m with Groussman out.
They have turned down significant amount of CASH to fit all their current agreements within the current A/S.
But the SPA has "price protection" (if i remember correctly....more importantly if I interpet correctly). Now if the financier bought at .01 in private placement and the PPS hits .005 how many more shares must he be issued to compensate his loss based on price protection? (I would guess impossible to know without knowing how many shares already purchased in private placement).
What I'm getting at is a hypothetical reason NOT to get the PPS back up just yet. It would allow them to give more shares giving him greater control without having to create another agreement that sounds dirt cheap.
Am I off my rocker? Does this make any sense?
With Groussman leaving MSLP did NOT give him his 4.2%. I would guess that his 11mill shares were for showing his plan to the BOD and it was possibly in play as a back up?? In addition MSLP did NOT receive $1mill in CASH.
I can NOT get over how, when we all think they are so desperate for CASH that they keep turning it down.
They lost $1Mill by Groussman leaving. The lost a potential $7Mill CASH by exchanging warrants for common stock.
Equus, I was confused because I was pointing you to the S1A.
If you look at the S1 2/14 you will see Burr was connected to a different consulting agreement (which I have not been able to locate -- yet). Then if you look at the S1a from 8/30 you will see GRQ (note 76) tied to the more recent consulting agreement with Groussman. GRQ had been issued the 4.2% while Groussman did NOT (just 11 mill). That's why I thought is was an event (good) on 8/30 and that it was non-event on the 10/19 8k stating his leaving (everybody should have known as of 8/30 Groussman was out.
My guess is Mr Burr is money man....and may be the buyer the other day protecting his investment?
As I said before I am so new to this and learning that I don't know what filings are required or what to expect. I don't understand when the have to let us know when and to whom the are issuing shares? To me it seems like they do what they want; then we find out after the fact when they are registered for sale?
I agree hopefully this becomes more transparent...
Equus....
I am a little lost on your finding? GRQ consult: note (76) from S1A on 8/30 was the other 4.2%.
Not sure where you found 120mill for Burr? I found 100mill from the S1 on 2/14.
Well for the most part I agree with JLTG. PPS must go up or it's done and a structured BK for equity will be in play. I do NOT think this will happen, but I am not educated on how deals like this can be made.
I only think it was a non-event on 10/19 when they made the filing of his resignation. I think it was eventful on 8/30 in the S1a. His deal stunk real bad.
I think the consulting agreements and note were all part of actually working like a real company. They went after their future options going forward via atleast 2 different directions...maybe 3? This was good in my opinion as they weren't just being one dimensional....they were giving themselves options.
1 Option I believe was another pump and dump. I think that option is off the floor as well as the R/S (for now atleast). Groussman deal was dependent on the R/S....and because of new sales increases that deal is off the table. Groussman got his 11mill just for sitting at the table with a plan. His plan got tossed...so did he.
In addition (as JLTG noted) the PPS can NOT stay at this level. If they got the PPS to .04+....their issues would be resolved going forward as each dollar raised via dilution would finally outweigh its loss to shareholders.
Above is theory.
-------
This is another area I could use some help...Interest expense? What is it? Is is simply borrowed money to pay bills? How is collected/raised? If it's raised via dilution then I would most certainly expect and increase in A/S immediately or a major increase in PPS...the only have a max of 250mill shares left to issue?
Again I do NOT understand Interest expense...and explanation would be appreciated.
--------------
I do know one thing for sure. If I were to get this company PPS out of the gutter after the extreme dilution I would want to get as few security holders as possible tied in. I would want to shake this stock till it's almost dead....you can't have Ihubbers holding this on a run to .04....they'd be selling like hotcakes.
Equus, I am learning. First stock ever. I do NOT understand SS. I could use your help with interest expense....I am however very good at Cash Flow from the experience of my business (albeit my business is short of a few digits compared to MSLP). I also have issue reading filings as I am dislectic....makes it a very long and confusing read.
I was sure they would be CFP in Q2 and had they not changed their accounting in regards to deferred Rev they would have been. But that wouldn't have helped the PPS at that time anyway because of all the shares they diluted.
I'll try and be more direct in future post...I was trying to get you caught up on my thoughts.
Anyway I see rev of 23 mill and CFP, but I will watch the deferred rev column very closely.
The potential of 10bill A/S (the JLTG) mentioned is off the table. IMO, because they turned down $7mill CASH by exchanging 700 mill warrants for 500 mill shares of common stock.
This post is a great expample of why I am NOT an exec for a major company(yet)...it's like super ADD.
Equus, I would appreciate your thoughts on the following posts:
45393, 45378, and 45382. Post 45382 explains why I think this is a non event via the most recent S1a filing.
(these are 4 my last 5 post)
You haven't been here long, but I'm sure you got an idea about me via jltg.
Anyways - Sorry guys, I said I wouldn't post, but for this to be rehashed in such a negative light I had to post in case the new guy whom has shared some fact based optimism would reply.
I'm sorry guys, but I can't contribute to the negative sentiment.....it's not in me.....
Guess I'll assume the regulars who have a lot more experience than I know what they are doing....
It would be nice to get somebody to honestly reply with their thoughts....pm me.
I will be silent....unless asked in a public forum to speak
They way I understand it....
New deal:
25k retainer based on pps date of issuance (restricted).
Old deal:
4,2% mslp (79 mill @2.5 bill or 163mill @3.5 bill)
----
New deal smells a lot better. Doesn't include r/s (currently off the table "officially 8/30").
10bill o/s is .01 at 100mill valuation. Pps .01 is a fake wall. They have closed derivative liabilities, have a 12% pool (future exec comp) all on a a/s 2.5bill.
Crossroad, another thing IMO (you know I'm learning...it's all guessing)
Groussman resignation (firing) was a non-event, his replacement however is+.
I was lazy to go find our posts, but via the s1a groussman registered all his shares 11m. (note 24/25).
GRQ was 4,2% (note 74). This was as of 8/30.
IMO , John is finally calling the shots
I interpreted this as a polite firing? I don't know either and haven't been able to locate enough dirt on either (IMO groussman seemed fishy), but groussmans deal was a massive deal for 100's of mill of shares at a super discount, but now it's gone. S1a stated 11 mill shares for him vs other consultant who had been issued all.
IMO that was a tell (or was it just coincide that only one of the 2 parties in a deal from te same date was issued his obligatory shares?)
Hence the polite firing? It was negative for him?
Or do you think it was a negative for the company?
I thought you would wait till Monday morning before you started this rhetoric again....
You think you'll be done by Monday afternoon, Tuesday, Wednesday, ...?