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Then you know how horrible they are. Why are you acting like they are not?
Don't waste your time. Just try their new bars. After you throw up, you'll realize the reviews are not fake.
Well that was over as quick as it started.
New all time closing low!
New all time low for MSLP.
Looks like Drexler has eclipsed Bradley by dragging Musclepharm shareholders further into the red and the company even closer to bankruptcy.
Just like I said. Drexler is making all the moves to make a smooth, hitch-free transition from Musclepharm bankruptcy to private ownership.
This letter makes his intent crystal clear.
Shareholders are screwed. Sell now or lose what little you have left. It really is as simple as that.
Nice move on getting out with a profit and having the insight to get out.
Sure it does. It allows him to take sole control of the company. Not that that would change the ultimate demise of Musclepharm, but he could try and turn things around without the burden of public company rules and regulations.
It's inevitable. Musclepharm missed their opportunity a few years ago. Falling sales, deteriorating market, misguided vision, and zero investor interest.
Get what? He gets the company as a private entity. There is no other way he can do it. This scenario works perfectly.
As far as the organic line goes, it's a dud. The market is not there.
What is the advantage of Musclepharm remaining a public company? Unless they plan to dilute in the near future to raise desperately needed capital, I can't think of any reason. Any anticipation of stock price appreciation is just wishful thinking. It hasn't happened and it's not going to happen.
In their desperate financial condition, declining sales, and brand deterioration, bankruptcy is the best alternative for Drexler. He's basically the only secured creditor. He would literally take over the company as a privately owned entity to satisfy his claim. That would also eliminate the enormous cost of being a public company.
Not that this would be any good for him, as Musclepharm is destined for the trash heap either way it goes. It would just wipe out what little stake shareholders have left. Which we all know is not very much.
There is no question Drexler would be far better off financially if he put Musclepharm into bankruptcy. I see a lot of motivation for him to do just that. And the moves he has made lately tells me he is planning just that.
He's structuring a bankruptcy buy.
As far as many vendors moving out - their sports nutrition section is expanding not contracting. That being said, Musclepharm is nowhere to be found.
Not available in stores.
Went to Walmart last night. All Musclepharm products have been pulled from the shelves. Not a single Musclepharm product on the shelves.
Yes, I do but I am unable to copy the text from the PDF.
You certainly put more analysis into the situation than I did.
However, reading over the lawsuit and BB says the contract was verbal and it's for product that has been received and accepted by MSLP.
And reading through the CC transcript and I felt it reeked of bullsh&%t. Drexler could barely answer any questions and kept deferring them to others on the call. It was amateur hour for sure. Almost like an after thought.
They switched manufacturers because they quit paying their previous manufacturer and the manufacturer refused to produce any more bars for them. They are currently suing Musclepharm. Same MO as before Drexler.
MusclePharm misses by $0.15, revenue down over 20%.
New all time closing low.
Another new closing low for the year. Only 6 cents off of the all time closing low.
Here's what happens when you don't pay your bar manufacturer and have to find another manufacturer to make them.
https://forum.bodybuilding.com/showthread.php?t=174538431&pagenumber=1
New closing low for the year.
I thought he had about 8m in. Does anyone have a breakdown on what he has put in?
They have enough assets to cover his investment. He's got that security figured out.
And the loan from Drexler is secured meaning when they go bankrupt, he gets paid first. This is why he's not converting it to shares.
There's no sense of security with this arrangement. In fact quite the opposite.
15% interest too. Crazy.
Now we see why Musclepharm had to borrow another million. They will no doubt not be able to pay the other $2 million when it comes due.
Load up!
Translated - Musclepharm is broke. No money.
Well, you asked. Try pacer. You can download the actual lawsuit.
https://pacer.login.uscourts.gov/
The United States District Court for the Western District of Pennsylvania.
Load up! LOL Was it you that bought that one share? Back up the truck.
Did you read the pump? Shorts decreased from 199,900 shares to 198,000 shares. Less than 1% decrease. Less than $3400 decrease.
That's funny. Buy signal huh? LOL
Because this is such a hot, in demand stock. LOL
Man up and hit the ask.
You have to put an order in first.
Word is Musclepharm can't pay their bills. They have just been sued by their bar manufacturer for $1.5 million for failure to pay. That seems to back this up.
That’s called throwing good money after bad.
Ride it down.
Everyone is bailing on this stock. New all time lows just around the corner.
ValuEngine Lowers MusclePharm Corp. $MSLP to Sell
https://sportsperspectives.com/2017/07/06/musclepharm-corp-mslp-rating-lowered-to-sell-at-valuengine-updated-updated-updated-updated.html
Yeah! Big market there. LOL
Someone sold their 78 shares today. LOL
And more important, no one is willing to buy. That's why you have repeating 3K and lower volume days with price declines.
Ya think? Have they ever done anything without losing money?
No more MMA for Musclepharm. Their fight team is done.
http://www.mmafighting.com/2017/5/18/15657854/elevation-fight-team-moves-out-of-musclepharm-training-facility