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Assume a 13.4M outstanding shares as that is what their IR guys told me last week.
IR said that both frost and arnold must file. They also stated that 13.4 is the number. I followed up in an email as what the frost relationship really is, formal with comp tied to it or more casual.
they also would not give Brad's email so I could ask the questions myself. they said he is much to busy and that is why they hired them. I said that every ceo that I have come in contact with over my 30 years in the high tech corp world would welcome contact with investors, customers, etc and that I hope that Brad was not hiding.
I get the feeling just seeing him on some of the interviews that he can not handle himself quickly on his feet and that he may say things that could get himself in trouble. So it is best to keep him out of the spotlight. That is my opinion.
Well i was always under the impression that he was a 5% guy. Does he have more than 650K shares? That would be 5%. I also asked Pondel if Frost was under any contract with mslp. The speak to the point that he is an advisor for the company. My question to them is he under contract for $$$ or is he getting shares for his advice.
That includes the 1.5M shares. 13.4 total. Also confirmed that Arnold and Frost are still in and would have to file if they are selling. Not sure if anyone has access to any Stock Surveillance info but that can tell us who is selling over the last few weeks/months. This is something that large institutions and market makers have access to. It is a pay for subscription.
There are 13.4M shares outstanding per their IR firm Pondel.
Banter, just to start I am very long on this stock. What makes you think that there is soooo much news coming shortly? We have the reverse split but no one ever said news is coming.
Thanks.
Does anyone have access to any stock surveillance intelligence? This info is usually reserved and paid for by the big brokerage guys and market makers. It could possibly tell us who has been doing all the selling. I wonder if it could be BZNE who has been selling their 600K available shares out of the 1.2M they were given.
Just a thought.
Lets not jump the gun on the survival of MSLP. We have a $150M company in rev by the end of this year with profitability. I don't think we are going out of business, even with Brad.
Remember, promise a lot and deliver even more. So they stated $150M , my guess is that they come in closer to $175M. How much of that can they turn into profit. Maybe instead of making .22c they get to .30c. That would be a nice beat.
I think all this is possible. Now what does that translate to a stock price??? That is anyone guess. Can we get to $15. With 13.4M shares outstanding my guess is yes. This seems to be a longer term play but I would not throw this year away just yet or jump to selling.
Also, profitability is key. When we get there by the end of the year and then forecast another great year for 2015 the buyout rumors start for 3x-5x revenues. You never know.
Wow thanks for stopping by with your wonderful insightful post.
So at this point in time the big questions are as follows:
1. What stops the bleeding?
2. When does the bleeding stop?
3. Who is selling all the shares and who is buying and why?
4. Where does Arnold and Frost sit with all of this? Involved?
5. Is Brad buying back shares at this price since he stated in public that the company was undervalued?
6. Is there a class action law suit under way if they are not buying back shares with Brad stating they are undervalued?
7. If they are undervalued why would anyone sell??
Anyone want to do a retail investor count. how many shares do peons like us actually have. I will start.. I have 10,400 at an avg of just under $10. I still am a believer but never thought I would take a 30% haircut on the way to $15pps. But you have to have thick skin here. I am hopeful of a quicker turn around once this does turn...and it will once the questions above get answered.
Does anyone know Brad's MSLP email. The gmail account bounced back.
Does anyone have brad's email?
Avg down if you have a few dollars. This will go big at some time.
They are very large in the Southeast. Super market.
Hey vincem, maybe you could tell us what is happening and what the accurate share count is after counting up the insiders shares. I think many on this board speaks in code way too much and I would appreciate clarity. If someone has info share it. That is why we are here.
Thanks in advance.
Let me ask a dumb question. The price is being held low for a reason. MSLP buy backs?? Who knows. Tell me if this is something that makes any sense at all. We have Cory who has filed to sell I think it was 150K shares. Lets say he sold them over the last month. Remember he got them for nothing right. So now MSLP comes in and buys them on the open market. Now cory has all this money from the sale and then he buys back on the open market stealing shares from us retail guys. with these low prices he then rides it back up to hopefully the moon. Cory keeps his shares less some commission dollars, MSLP does the buy back of some shares, we have less float, etc. Maybe a few of the insiders are doing that as well.
Probably not legal but is this even a consideration. I know there is something not right with my thinking. I'm fried.
No I grabbed 700 shares. Have to avg down.
Vincem, any real reason why you are pretty sure about this. Just wondering.
Why do you think they are prepared to liquidate?
Its funny you don't find any mslp in their purchases going back 4 years. Weird.
http://www.secform4.com/insider-trading/899083.htm
So does anyone know if this is an increase in ownership or decrease?
He also did it at 9.10. When was this??
So that is a great sign that he has not been dumping shares. Only 3K, nothing. Maybe just some tax $$.
So as folks talk about liquidation I have to wonder why and who?? Is it easier to raise guidance, get expenses under control, grow bottom line, do you own manufacturing, etc and grow the stock to $30-$50 or just sell here at $7.45. Easier to sell here but that $50 pps at buyout seems very tempting. Why and who is selling?? I say we go up very rapidly within 4 weeks. Over 10 by that time. Just my (un)educated guess.
Well if they, the SEC comes back and says that there a huge issues get ready for a class action law suit. Brad has already come out and stated that the company believes that there is nothing materially wrong and that their accounts believe we are good. So if that is the case I would think we are only waiting on the formal letter from the SEC stating as much. Or if it is minor and only going back to 2011 and 2012 then moving forward we should be good as well.
We will see soon enough. Hopefully this does not drag out part the next earnings call.
Nice spread on the bid and ask to start the day. 7.19 by 9.50. Lets hope its a 9.50 day.
Why now vs one month ago vs next month? Just wondering. Was it Frost's 1/2 million share purchase recently?
JLTG, are you sure they have to disclose each and every time they tap into a bank loan? I mean there are many companies out there big and small who have bank relationships and loans. I don't think a Fortune 3000 company has to disclose a loan arrangement. If they did have to disclose we all would be seeing the press releases on such actions every day for some stock. I don't ever remember in the last 20 years this happening. Now they did disclose the fact that they have a bank relationship and I would think that on the quarterly report they would have to mention it, but disclose, I'm not so sure.
Anyone have a banking buddy that they can ask.
This was all done on the last conf call. Brad said mid Jan update and the new guy said mid to probably late Jan. No foul.
Not sure what you mean by that. Last year this time was great and we ran up to I think 13. Hopefully we will not have the same fall off but I do expect the run up once again. This time with continued news about new products, bzne, share buyback, quarterly reports, etc. Lets hope they don't ruin it with increased share count, greedy behavior, SEC issues, SOX issues and that is all behind us.
I believe all the things that we have seen over the last several months are just a prelude to the uplift. New management teams, putting all the Sox compliant measures in place like new accountants, frost influence, etc. They also stated that they were undervalued as well. How could this company not be at least 1.5x rev at this point in time with all the good things happening.
I think it is just plain old manipulation with a very low float stock that will sort itself out when the powers that be want it to.
Very good news is always just around the corner. Wasn't the 2014 guidance just around the corner?? It came and went and we are down big since then.
I still think that we are being manipulated by the powers that be. Those powers are MM's, MSLP,Frost, SEC, etc. This will turn into a longer term holding for me as I am in this second time around at just over 10 and I will avg down at some point in time. I have a lot into this as well. Now up to 10K shares. Do not like being down this much with so much potential but maybe take half off at 13-15 and the other off at buyout a few years from now.
As it relates to Q3 vs Q4 earning, I don't think you can tell with how they play with numbers. They don't make it easy but uplift will along with SOX compliance.
I think it is chaddy doneless the way this stock is performing. We just can't keep blaming brad. Chaddy, arnold, colin k., florida, frost, ... who else? They all get blame.
Or... are they all in on it. MSLP taking advantage of the dip and buying back shares. MM's taking advantage of us little retail folk and stealing our shares with each day of new pain? Frost taking advantage of everyone along with arnold, and we sit here waiting for theme to let it go once SEC and SOX get taken care of. When will that be? 1 month, 2 months??
What will start the next shareholder law suit. I hate to bring it up but if the SEC thing is worse that believed and Brad stated publicly that he thought MSLP was undervalued and then Bhuler is selling, Cory filed to sell, etc. Is there something there? Will the SEC thing turn out to be nothing or is it something worse? Sends me down to the river... I know the river is dry.
Just speaking out loud.. I do not believe any of this, I hope. Still holding out for 20 by mid year.
Sox is Sarbane Oxley Compliance which was named after 2 senators ( Sarbane and Oxley ) who put the rules in place to hold CEO's and auditors accountable for their corporate actions. This is why CEO's now have to sign off on there 10Q's and cannot hide behind the accountants. It came of age after all the corporate screwjobs like enron. Just google sarbane oxley and you will find tons of info.
Just an fyi I spoke with our new IR team handling the mslp account last week. Here is what I found out which is not much except for one thing which I hope is not a larger issue. I mentioned to them that I was a large individual share holder and that I was quite distrubed and upset with the direction of the stock even with guidance. I asked what the company was doing to rectify this and what they perceive is the reason. Here is what I got back from them.
1. SOX Compliance issue
2. SEC issue
3. Margin compression issue.
He did mention that there are new funds doing a deep dive into the company and hopefully that will materialize into some buying. He did not know how many outstanding shares there are nor what the float is. Which he said is also an issue. Meaning when there are only a few thousand shares trading hands, you will get .50c swings on very little volume. It will go up just as fast as it has gone down.
The SOX compliance while it might not be an issues, getting themselves straightened out to be SOX compliant is taking more time. Brad does not want to go to jail i guess. The SEC issue he said if just a local branch issue and not a federal one and seemed confident that they have a handle on it and it will be nothing going forward. But that came from Brad as well in the last release on this topic. I guess people expected more from the margin side of things which I believe we all hope for. Maybe some of that can be made up with volume but in order to get this stock going, it has to be both.
The IR company has a meeting set with MSLP at the Co. location in a few weeks to discuss a game plan going forward. I would have thought that would have happened already. The person I spoke with was not one of the principals of the company, I got the impression that he was maybe not as seasoned as Pondel or Wilkenson. Not sure , just an impression. Maybe he is Brads age and they clicked for some reason. Not sure how they do business or what MSLP is actually looking for from them but we will see.
Thats all I have.
Has anyone spoke with the new IR guys yet. I wonder what they have to say about things.
OPK now has 20K June 14 calls on open interest and 20K puts. Anyone know what to make of that trade. It is big none the less. Are they betting a higher price, lower price, or ??? Not an options expert. Just wondering as I am very long opk as well.
Off topic a bit. OPK has 20K June 14 calls on open interest and 20K puts. Anyone know what to make of that trade. It is big none the less. Are they betting a higher price, lower price, or ??? Not an options expert. Just wondering as I am very long opk as well.
I believe that what we have is MM's holding this down to steal your shares. The float is so low with this dog that there are no shares available and no buyers. MM's step in on the cheap and will look to unload at higher prices. I still think this will take weeks/months to reach some kind of fair value. But it will.