FNMA ... Money in the bank
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This was a sponsored advertisement for some company that pops up as an ad on facebook pages. Just thought it was funny that they are trying to attract people to their business by offering a chance to win a free tub of ASSAULT.... Go MP... hopefully now the pps can also be cool just like the products.
https://www.facebook.com/pages/Platinum-Box/169877466437273
when was the last time ECDC had a conference call?
Is your gym in Iowa
how much caffeine is in n o xplode versus muscle pharm assault
Is the volume unusually low today?
What is the schedule 14c. Forgive me for my ignorance
that is an excellent post.... wow.
great post
I don't know if anyones mentioned a couple filings that came out today with regards to the directors
it looks like muscle pharm is getting there ducks in a row. still waiting on quarter 2 results. Hopefully soon
I'm pretty sure the majority have not bought back in....there are a few that have but I heard one or two statements which are a representation of what most of the Sellers did....IMO
That is:
They sold because of the reverse split coming and may buy back in after the reverse split has been done.
Out of curiosity does JustASquirrel or PennystockInvestor or DumpsterDiver own any shares in the company?
Do you think we will get preliminary quarter 2 results. . ? Or just quarter 2 numbers at some point ...
thank goodness we closed even. Glad I didn't sell.
same here... holding long
what if they're going to use the $4,750,000 to purchase a facility to lower operating costs. At some point they are big enough and they are losing lots of money by getting marked up price by there suppliers. Mergers/ Aquisitions seemed to be mentioned a bit with the new board members and in the 8k's .
All IMO, but I think they might be purchasing a company so they can increase margins on sales.
count me in with you guys. MP all the way. NO regrets
The 8k that came out at 6AM Eastern time says the company can buy up to 3 million dollars worth of shares... here is part of the 8k
TCA shall commit to purchase up to three million dollars ($3,000,000) of the Company’s common stock, par value $0.001 per share (the “Shares”), pursuant to Advances (as defined below), covering the Registrable Securities (as defined below). The purchase price of the Shares under the Equity Agreement is equal to ninety-five percent (95%) of the lowest daily volume weighted average price of the Company’s common stock during the five (5) consecutive trading days after the Company delivers to TCA an Advance notice in writing requiring TCA to advance funds
It looks like MP can simply say .... I want money.... and then they get money is exchange of shares... up to 3 million dollars worth. Better financing than the other 8k.
You mentioned dilution and yes this is dilution if the company does this and gives them shares in exchange for money.
However this is not the same dilution where most companies just create more shares and sell them into the open market. That form of dilution is much much worse but thankfully were not seeing that. All IMO
thank you for the information and you're right, I've only just hit the investing scene as of about a year and MP is probably the first real big time investment where I've put the most money in.
I like the connections through the 8ks you mentioned and also the mezzanine financing. This is slowly becoming clearer to me what is going on. I'm holding long. gltu and thank you
MP positive... hey at what point were you trying to buy at .0165 ... please explain this in more detail. Thank you
so there were two 8k filings that came out to day. 1st one was about purchasing 3 million dollars worth of common stock. 2nd was was the 750k dollar loan.... both for the same investment company I believe. filings are on MSN.money
11 to 12 million volume today. Honestly I thought this would be a lot lot higher. Only about $175k dollars changed hands today. I am waiting for some real news to boost this thing.
This is the first time in history that MP will actually be concerned with there pps in order to be on a higher exchange. Big things coming I believe. I can understand how painful today has been just watching but I actually thought that it was going to be a bit worse.
Grateful and optimistic. GO MSLP
As was stated in the 8k yesterday, I believe this money is going towards something nobody even knows about. It mentioned the reason for all of this need for cash was for the expansion of the company. I think were going to see some big announcement shortly.
I do hope they don't endorse any other athletes unless it's like Lebron James. Maybe a commercial or 2. I'm just thinking of all possibilities but anyone's guess is as good as mine. If it was the BOD 1 month ago... I would guess they would have bought a flight to the moon with the rockets having bright green MP logos on them.
nice man. I've literally got all my money in here. 949,600 shares... My girlfriend can tell I was a nervous reck all yesterday. She said she will wait for me to talk to her concerning my investments, instead of her asking..lol.
One great thing is we can finally say this will not be declaring bankruptcy which some bashers mentioned in the past so there is one possitive.
Also nice to see that we get some big time institutions throwing their hat into the ring...That's a huge confidence booster for investors. something we haven't seen before with MP as far as I know.
something bigger than we know is about to happen. The freaking 8k wasn't even filled in. Reading through the 1st 8k released yesterday i noticed that it mentioned that the money will not be used to pay the BOD or existing debt which is good. Are we buying our own facility? Are we expanding oversees? Are we buying out a smaller company? who freaking knows anymore. I'm holding for this roller coaster ride. Going to be scary with lots of thrills.
I've been up all night. It's 4:40AM where i'm at in utah. News already.
After reading through the document... so the buying price will be (95%) of the lowest daily volume weighted average price of the Company's common stock during the five (5) consecutive trading days after the Company delivers to TCA an Advance notice in writing requiring TCA to advance funds (an "Advance") to the Company
This seems a much better deal for MP than the 1 cent shares to the other company.
Are these shares restricted or will they affect the float?
what do you mean by "ties"
Is anyone on here holding besides me?
IMO...
There will be a reverse split but I think that will come after the 2nd quarter results. I'm not selling tomorrow because essentially I think there is a reason for Adding 3 board members --something a company does when they expand and are becoming profitable...in the past the little piggies loved to run things on their own but now they recognize the need for more management. I'm betting on within a week this thing creeping upwards after a few more PR's... hopefully a preliminary results for quarter 2. I have never seen a company expand like this and I would be kicking myself if i don't hold out and risk it all. A reverse split of 100 to 1 at 5 cents a share would put them on the Nasdaq. I'm long and strong but could be wrong. .. I definately don't want to be punching myself after waiting 3 months for quarter 2 results and then selling just before.
So it looks like they gave back close to 100 million shares in value and then sold it because they needed the money.
I'm not the smartest so i was hoping to get a few responses... after reading and rereading the filings.
1. 6 investors going to invest 1 million dollars... is this a bad thing?
2. consulting services relating to introducing the Company to banking relationships
3. Consulting payment of 4.2% based upon the Company effectuating a contemplated reverse stock split and completion of a qualified financing, ... effectuating means to put into force or effect... had to look that word up..haha.
4. Notwithstanding the foregoing, in the event that the Company fails to consummate the reverse stock split within 45 days from the date of the agreement, the Company is required to take all requisite action to increase the number of its authorized common stock outstanding and issue the Compensation Shares no later than 60 days from the date of the agreement. In addition, until the Company has issued and outstanding 3.5 billion shares of Common Stock (subject to adjustment for stock splits), the Company is obligated to ensure that the Consultant maintains its 4.2% fully diluted equity position by issuing additional shares for no further consideration on a fully diluted basis after future issuances of common stock or securities exercisable for or convertible into common stock (an "Equity Anti-Dilution Adjustment"). ... this is an if statement if MP doesn't reverse split as planned... correct?
Going to return 79 million shares and $90,000. Does this mean we are likely to see 1.3 billion shares outstanding or slightly over?. I'm ok with that. Based on todays pps that would be the total of returning about 1.3 million dollars worth of shares.... plus the 90k cash.
If MP could lower there costs of goods sold and start paying GNC commissions on sales... we could each buy one of those MP boats.
I've been to various GNC locations and the truly honest people that are working well tell you it's great and had great reviews. Here's the problem with GNC...commissions.
I worked for GNC in the past and i can tell you the BSN products don't pay commissions and from my understanding neither do MP. The real way to make money as an employee is to sell GNC products and then the others that pay commissions. Jack3d pays commissions. You've probably noticed that if you walk into the store and ask for a preworkout they will rip on BSN's NO xplode and will try and get you to get Jack3d or the gnc rage in the yellow container. I went to a GNC recently in orem, utah... That's exactly what happened and he even tried to tell me assault wasn't good. The other GNC i went to and a supplement store told me that assault was basically the best, that it has everything you need in it... Not just the get high off of caffeine which is a lot of other products effects.
thank you turokman... MP all the way.
Ok thanks for that info guys. I have 2 followup questions.... hope this doesn't take away from the arguing on this board...haha... gives me a good laugh but heck, when u get a bunch of people with thousands and thousands of dollars on the line... I only would expect high tension...lol.
1: Anyway, is there info about who owns the 600 million restricted shares of the company?... got this after subtracting 800 million float from the 1.4 billion.
2: Also for some reason i was under the impression that if shares were granted to insiders that they would have to be restricted. I know if they buy on their own they can buy and sell as they please but I thought that if a company awards them stock with addition to their salary that the shares would have to be restricted.... I searched the web but couldn't find any evidence of this so was just wanting some clarification.
APRIL 23rd... prelims for quarter 1 came out. I'm hoping we see the prelims for quarter 2 by the beginning of next week. i have about 949,000 shares right now. I'm a college student and honestly i put all my eggs in the MP basket and actually need to sell some in the next couple weeks cuz I'm broke. I literally have invested everything in this company. My average pps buy in is about 1.9 cents so i'm at a loss but am very optimistic. Assault and MP are getting big here in Utah. I have a question that if anyone knows the answer to, I'd be happy to hear it.
1: There were 2.5 billion shares approved and 1.4 billion outstanding. Were the bonus shares part of the 1.4 billion that were previously in play? Or is there possible more dilution with the execs bonus shares. I know the renounced some of the bonus shares but not all. I was unsure if the bonus shares are something given quarterly or annually or instantly once announced. I hope they are already part of the 1.4 billion already in play..
so is everything the same in the report that was amended? any significant changes? i am new to this stock but have noticed they just continue to amend old financials.
When is the next quarterly report due? Was it changed after all that mslpe crap that happened?.... and i haven't followed this company very long. Are prelims something MSLP always does?
I'm new to this board but have about 950k shares. I'm down about 4 grand but i'm sure well see 4 to 5 cents within a month or 2. Louis Simmons/ Westside Barbell.--- I've seen a couple power lifters in the gym with there MP shirts they got off the westside barbell website. Did some research after reading the bodybuilding.com article. If you go on youtube there are quite a few videos of him training/ teaching with his MP shirt. Also saw a car with a big decal on MP on the back windshield. I think this is only a matter of time. Also a store nearby called GoodEarth which is just a few locations in utah is starting to sell MP products. i was shocked when i walked into the store to purchase my p28 bread.... tastes like crap but 28 grams of protein for 2 slices of bread. Either way MP all the way.
If the news is good and the stock is down... do you think they are pumping more shares into the market.???