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When you had your chat..... Did restructure come up? Yes or No answer will be enough for me.
Or was it strictly r/s?
A poetic flipper. Say something tangible....even if it's wrong....I'm never right (atlesst not to date), but you should really work on being a journalist...your great a re-paraphrasing what everybody has said
Somebody or some entity will take a 20% stake (in shares) in the company before the uplist.
There is no way the pps could be sustained withou this invest. I see this as a both a need (possibly from last Q) and a test if they can follow through on their payments back to lender.
If they are succesful....then I expect a much larger capital infusion. Then margins go up, pps goes up.
We are here before said investor.
I do think the 8k might be historical (paper trail of what has already taken place).
If the pull off cash flow positive, pps hits .05.
If they are just short (let's say 1 million) on increase in sales to 25mill or more....pps is .025.
Good luck all
Codie, I can't believe u didn't decide to complete blast me? Much appreciated.
Could you go further in depth?
I understand the cash flow issue, especially when they at growing at 400%, but why not get a loan of 10milliin at 12%? Do you think nobody would offer them that or isn't they won't do it because the would have to give up more equity than they want to give up?
Also could you understand via the filings whether or not they have already received the cash? Hence must issue the shares? Or is this a security blanket to ensure they can keep product moving?
So is your buy point of .012 to .014 based on institutional investor getting a 20 to 30% discount on shares compared to retail investors?
What confuses me is the need for only $3 million??
Any chance they get this to .10 so they in turn would only dilute 9.5 million shares?
I thought this might be the paper trail for the march 28th PR???
Also thought I saw that they are not allowed to sell, issue warrants, etc (no more toxic debt allowed) per the agreement??
This is hard enough for anybody to comprehend and I truly am dislectic and having trouble getting through this.
Post 15673 :http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73770523
Does anybody else see the correlation between this and the recent 8K's?
$3million CASH and 55million shares of common stock to get rid of toxic debt.
Sounds like the recent 8K's are just the filings of old news....
If I'm wrong....somebody point me in the right diretion
RJ....first and foremost please note I am NOT the most experienced "trader"....haven't seen you here long so don't ake my words as gold...everything is IMO
Hopefully I can put together a complete picture of what I see. (think I see)
The PPS never got upto .0165...so I couldn't buy at that price.
Almost eveybody here is out of CASH and has their comfort level for this investment is full. Now if I go and buy NITE at .014 and take more of his shares he is forced to lower the PPS even more so that he can get his shares back by creating a further sell off.
This individual or group desperately wants more shares. So buying theirs does NOT help the PPS as it forces them to push further down.
If you knew how to read and comprehend the filings you might actually see that this is going to blow up.
If you notice in the headed a post by COMMONCENTS (its a PR March 28th) about the retirement of convertible debt. It states 3million CASH and 55 million shares....do those numbers sound familiar to you (most recent 8K's)?
I see this as an opening of the books of the mezzanine financing mentioned on the March 28th PR. Just like all the recent ammended filings of the financials....which are/will be required for the move to a bigger board. I also noticed a stipulation in the 8K that stated NO selling of common stock will be allowed, including warrants, etc. Why? becuase that would be taking on toxic debt again. What did MP say? That they would be Cash Flow Positive and NOT have anymore toxic debt.
NITE wants shares super, duper, duper bad. If any buying pressure arrives in the coming days this thing is going to run....because NITE will be forced to chase as well....he doesn't have enough shares to continually to sell and hold the PPS down with a major buyer/buyers in the picture.
Again.....as I have said before: I interpet all the filings including recent financial ammendments as a clear and open conversation with the SEC. I will also include the recent 8k's. I will also conclude that MP is doing exactly what they have said they would do in the PR's. Bring shareholder value!
Somebody is desperate to get their piece of the action back....maybe they sold too much of their position on the last pump we will ever see that got rid of all the warrants?
Good Luck...hopefully this makes sense.
If you see any major erros in my guess, please let me know....I'm still learnig.....hopefully NOT the hard way (by losing all my money)?
You can't slap the ask....because somebody is very,very, very desperate for shares.
I was trying to buy at .0165, but couldn't...
You see when you buy the ask when somebody is desperate for shares they push it down further to get the shares back that you just bought from them.
So until this hits a certain PPS....NITE will be forced to push it down everytime you buy his shares....that is until he has enough...and my guess is NITE wants atleast another 10 million....maybe more?
I've said it before; I'm new to trading (first ever was Feb'12), but not stupid.
Dislectic, but not stupid.
Why was the bid 10X heavier than the ask?
No Reply? Similar#'s to the March 28thPR? Hmmm?
Take a look at Common Cents post above in the header....
It says $3 million CASH and 55 million shares of common stock.(atleast that's what I read)
It seems very similar to the 8K's....
Could they do the R/S without divulging the books, essentially the mezzanine finaincing?
Is this just like all the ammended financials, just looks like old news to me, but atleast I can attempt to read it...it's a filing.
Was Brad telling the truth? CFP for Q2?
How come no reply? C'mon somebody here who knows everything and likes to tell me how wrong I am.....please step in a do so.
This is hilrious to watch right now. Some people want shares so bad.....and they are trying every trick in the book to get them.
Problem is....there aren't any shares available. LOL
Your going to have to buy and buy and buy and the PPS will go up, up and up some more
Power hour...lets see if anybody tries to 10X their investment now?
Last Call!
I can't....didn't expect this and don't have funds available....cause I haven't sold a damn thing.
Fun to watch......
Similar#'s to the March 28thPR? Hmmm?
Take a look at Common Cents post above in the header....
It says $3 million CASH and 55 million shares of common stock.(atleast that's what I read)
It seems very similar to the 8K's....
Could they do the R/S without divulging the books, essentially the mezzanine finaincing?
Is this just like all the ammended financials, just looks like old news to me, but atleast I can attempt to read it...it's a filing.
Was Brad telling the truth? CFP for Q2?
I don't know, am I? What does this have to do with it??
PR - from march - its also posted above by common cents - and somewhere in there it says $3 million CASH and 55 million shares.
MusclePharm Completes Retirement of All Convertible Notes From Derivative Financing Companies Program strengthens company's balance sheet, represents major step under re-capitalization plan
Muscle Pharm Corp (OTCBB:MSLP)
Intraday Stock Chart
Today : Wednesday 28 March 2012
MusclePharm Completes Retirement of All Convertible Notes From Derivative Financing Companies Program strengthens company's balance sheet, represents major step under re-capitalization plan
PR Newswire
DENVER, March 28, 2012
DENVER, March 28, 2012 /PRNewswire/ -- MusclePharm Corporation (OTCBB: MSLP), a nutritional supplement company focusing on all categories of an active lifestyle, today announced it has completed the retirement of all of its outstanding convertible notes held by various financing companies.
In January 2012, the company instituted a convertible debt retirement program under which it would retire all of its outstanding convertible notes. Under the program, the company has used cash flow from operations, as well as mezzanine financing, to retire the notes. MusclePharm has retired $5.5 million of derivative financing instruments with $3.0 million cash and 55 million shares of common stock.
"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."
"We are pleased to have reduced our derivative liability exposure on the company's balance sheet," said John Bluher, chief operating officer. "A significant amount of the company's operating loss and dilution to shareholders was attributable to these convertible note instruments. While such debt served a purpose during a time when we were investing in marketing and branding with the objective of creating revenues, we are happy to be moving ahead without these toxic dilutive instruments."
Turok, me neither, but I do know it's a lot better than warrants at 300%.
Really? Where do you see this?
I'm definitely have trouble reading and understanding, but I'm pretty sure you're wrong, which makes you doubly wrong, because you think/assume your right.
I see a share pool.
I see the contracts of mezzanine finanacing out in the open.
I forsee loans that will NOT destroy the PPS like short term warratns have in the past.
I forsee .10 before the R/S.
I still trying to grasp what happened, but its definitely NOT as bad as some are saying.
First I just see in increase in share pool (if needed).
Second if they actually sold Millions of shares on the market (same as when in the past warrant holders executed) it absolutely killed the PPS and would again.
Now the PPS is just falling because of talk, blablabla
Third, I dont see any our favorite MM's
Fourth, how many posting here can read and comprehend the language of the 8K are telling the truth?
1pm. EST. guess for pr time
Interesting points: jltg said a few as well....you guys might be related??
Why a 100millon at .01? Which equals market cap of 14 million?
First of all any investor at this level is going to steal...but imagine what pps would be if somebody came along and bought 100 millin shares ; only buying , no selling. The pps would hit .10 easy...this board probably holds all that..... It's an easy .10 before rs
Hence the true pps has been hidden? Atlesst I'll learn something about public companies.
Fb has and is fun to watch from the outside....learned a lot about how a non publicly traded company is already "publicly traded". Well i think I am like those of that were there before it even ever traded.
This is great news; for me atlesst.
It's done and over. We got news 5 days late.
Within 45 days I will begin to finally have a legible idea of my investment. Less speculation, maybe I lose , maybe I win....either way it's done.
Bottom line is shizz is changing, and will be less stressed. Not even gonna trade for 60 days.
Optomistically I see a share pool being built or acquisitions. To agree/disagree with just love the game; I would say the only benefit I could see is a sharepool at very high and stable pps to sustain growth. I see they paid a huge price to stay in house with finance. With a 100/1 they be able to "responsibly increase float" to maintain growth by the use of acquisitions that will increase infrastructure margins.
Your a positive character....if I wasn't so lazy Id use my wife's cell to create an alter ego just like you, for the variety that is...
My first trade was feb this year...I have no experience here, just logic.
I see, yet not 100% sure how to interpret information, especially since I am dislectic . Makes the pr very difficult to comprehend sometimes.
I think market cap of $20illion is ridiculous!
I think exist only because pathetic rate they were getting for financing.
I think that if you think that they were going to profit this Q; then you should 10x your investsemt at anything in the .015 to .02 range......we still don't know what pps they will use when they r/s??
How is operating cost so high with little o no labor?
Was is short term warrants? Toxic debt?
People need to start assuming cash in hand! What is a realistic low evaluatin if you ignore history and they show profit.
Look toe class b shares are gone!
Looks to me the money is calling the shots!
But like I said I don't know trading...learning too....biggest and craziest shake out I have ever heard or seen!
Can you send me the telegraph? Seriously. Don't know what I'm missing to see 100/1
You ready for mslp PR storm? Gonna be like fb.
Don't worry the people that dumped shares for fb were all 50 to 500%. And it only dipped 30%. Look at it like this. If you don't sell nobody can ever buy shares for cheaper than you.
SHAKEOUT!!! Fact. Sorry couldn't resist.....either way this is pretty interestingly cool.....never been part of a shakeout.....like this!
If I can solve the puzzle ---- .10 tommorow?
Deep, 4.2 percent part? huh?
Had a feeling about something like this late last night....hence the mezzanine finance post.
Thing is...I have NO idea what this means to me at this point.
I still see a completely depleted PPS that doesn't correlate with what they are doing whatsoever.
Where do you see, perceive R/S? Why a few people pointing to 45 days??
I'm spinning right now?
Once investors figure it out...it will still never be too late. Cause it's gonna grow!
Who was the mezzanine finacer? Who got 55 million shares of common stock? Worth $2.5 million with an expectation of selling at .09ish? A potential takeover/partner/merger?
Who is keeping the watchful eye on MP?
Who decided to step in and let them complete the debt retirement program?
The way I see it.....is worse case hostile takeover! I love awesome worst case scenarios!
And I don't wanT to hear "class b, super , secret, share" bs. Why would a individual, bank, venture capitalist ever give MP the money they need to have to be a great investment if they didn't have one of the following in the contract for the loan:
1. 25% or more interest with a max of 1 year(I think shorter) to repay loan.
2. If MP fails to make payment they Have a clause that stipulates MP class "b" super whatever shares will no longer exist and an equity interest will be accrued because of failure to repay loan.
Conclusion is somebody financed them,,,,it could have even been themselves. And if they fail to repay investor; let's just say new ownership/leadership will be on board ASAP.
Who's trying to get a bigger piece of the pie? Daily pps....bla, bla. Mp trades 40 millin shares a month and pps dips. Yet they return 80 millin shares in a day and we get a one day bump up.
I haven't had a chance to calculate yet as well, but the 8k stated the share and cash return was for the fiscal 2011 year.
Either way I'd still be confused as to whether they were ever or would now become part of the float.
Asking because this would contradict a previous post of yours from a few days ago:
Not according to today's PR. Shares would have had to be accrued in 2012 to give up 2012 accrued shares. Hope this clarifies.GLTU
Quote:
The three executives have volunteered to reduce both the cash and share amounts awarded for 2011 based on the restated revenue amounts, as well giving up such bonuses accrued for 2012
Quote:
JLTG - The bonus compensation plan that was created in August of 2011 which screwed shareholders for 30% of the Company is no longer in effect. So, all bonus shares that would have been accrued from this year from the 2011 bonus compensation plan are now void. Hope this clarifies. GLTU
....what is creating the new interpretation?
I know you justlovetthegame; you don't like to spell things out...
Do they literally disappear or just the agreemt they "earned " them disappear?
Edit: turokman, they stated return stock. It could only be part of o/s? Are you just saying they were never part of the float?? My assumption was more than because thu did more rev from jan to may 2012.....so they should be returning a minimum of $90k cash?
Would be nice to know where shares are, came from, went? But again to say the least still a healthy situation....worst case it increases the share pool for other new execs....this had always scared me a little with the huge a/s and the need to go there to pay future talent.
Optomistically it reduce the o/s by 200 million....
They do file on a fiscal year of jan1... And it was just this agreement that was hashed out?
Also do you know if when they entered into the old agreement they clawedback more shares?
They also could have been given or borrowed the toys based on an upcoming merge/buyout.....overall agree its a healthy sign.....especially if they did buy them, because I would have thought better to buy more product to sell to insure cash flow increases....
I'm gonna go with they were given to them by another company who know how fast MP is growing and they want their name to be seen alongside MP.
Either way it's healthy.
U see my post about an additional 100million shares and $100k cash give back based on 8k filing?
Gonna get back to last nights thread later and make that call tomm....work bs came up and I don't like to call unprepared and waste their time....
Turokman, can u or oldengray verify/respond to my previous post?
Great news! MP will give back more shares and cash.
Corrected if I'm wrong, but I read it like this.
For 2011 they are giving back almost 80million shares and $90k cash.
Now if I remember correctly they made these changes in may' 2012. They filed rev of $16 million for q1 2012, tba for q2. I think it's safe to assume by may 2012 they did more rev than all of 2011. This would lead me to believe they will be giving back an additional 100million share and $100k cash because of what they had accrued until may 2012.
What i notice at these levels is when VFIN, HDSN, and VNDM have left the board?
Deep, good catch....I didn't see buhlers phone number....workin remotely via iPhone. I will call tomorrow-got a few questions that they should answer and will give us a better future picture both domestically and nationaly.
Few questions for you:
1. How are you? It's been awhile since we went back and forth....still love that pulp fiction line you used, laugh till today everytime I think of it!
2. Why are you anticipatin such large numbers; both rev and profit (and I know your saying excluding .....)?
3. Do you really like the products? I'm scared to try (honest, serious)....I have never taken anything....a can of coke makes me feel weird cause the caffiene(I've only had maybe 3or4 sips a year for the last 15 years. I was around all that stuff and steroids for years; I played a little colleg ball; thought I was ginna go pro, but my ego was to big and good....
. You'll like this. My dad used to call (actually still does) me "nothing but a backyard superstar!" shoulda, coulda, woulda, so could everybody else. Some do and some are backyard superstars
2. Try and go a littlenindepth. What cause the gross up? Why you think margins pulls over/what number does it pullover? I've used this example here in the past....mine is $5k to even with a 17% operating margins, then becomes 40%ish at 10k, but with a slight increase in infrastructure if revenue stays sustained (if revenue is not sustained that infrastructure cost can jump.
Look forward to reply......cause Im only a backyard superstar!
International sales
Info, what is the cost pure bureaucracy to bring a new "product " in to a foreign country?
Remember this is exetremely new industry to the mainstream public.
I looked into Brasil alone today....they only sell 3 products currently because of strict ANVISA rules that don't even now how to regulate this new industry. The importaor is a lame 3rd party to a legit whole saler bionet.com.br. They only sell 3 products in Brasil. Guess?? Yup, before, during, after best selles.
How many other foreign countries have similar rules? And force MP to focus on 3 products?
How could these barriers be broken down with connections (merger/buyout)?
Next timeout go by could you ask if it is a nationwide deal??
I'm on pacific time and they carry it in a good location all gnc have it, but I don't know one product from the other,,,,but to be honest it's not overwhimg (keep in mind I am not a educated buyer though.
I can check again if it has improved.
Mighty duck , get back. I would persoanlly assume this could or would be the next amendment in financials. I don't typically reply to your response as none is needed with your directness, but I listen.
I had a similar thought about "other income".
That's why I asked. I'm learning....but for now I think we could agree that they can move the money as they "saw" fit (past...I agree this with you as it will be resolved).
Waiting for reply
Dakota, let's be cool to each other.
First of all "I" think they were very much in trouble.(you think they werent)
I hoped you noticed I spoke from experience when I was stupid (with my own money) and lost 65% of the value, based on my experience (rather lack there of).
I also stated a time frame and said that in hindsight we would all look at it as a pathetic deal.
I have no problem with conversation and confronting each other, but I would like it to be inclusive of the subject matter MP and the context of the entire post/thread? Rathan than by choice of the reply??
Play fair and we might get somewhere together. I'm wasting to much time picking up cracks in a wall that I left behind.....guess that's why I still run a 6 digit biz rathan than a 8 to 10 digit biz like MP.....need to improve my writing skills as a leader to lead......it's obvious I'm not good at this or ally post wouldn't be so long.
Thanks for playing along. I'm getting better thanks to all of you.
We are investing in mp.