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You must not know how to read financial statements. This is a complete disaster. Some things you would notice if you read the release:
1. Horrible margins.
2. The inability to survive financially without dilution.
3. Multiple lawsuits for non performance of contracts.
There really is no positive way to spin this. Just an all around mess.
Just a guess, but it could go either way. When they up list there will be a p and d along with more dilution IMO.
The whole r/s thing concerns me as well. These guys have their foot stuck on the gas peddle at all times regardless of cost, terms or risk (IMO). They are he'll bent to get to a more prestigious exchange. Why? I don't know. Either it's ego or, more troubling, they blame the pitiful stock price on the exchange and not their decisions.
But you may want to prepare yourself. The r/s is coming as soon as they have their ducks in order to up list.
How long should someone be required to have patience?
I am impressed with the PR firm. Pondel Wilkinson has made a huge difference. I hope they are getting paid a lot because they are worth their weight in gold.
Sad but true commentary on management and how they are running this thing into the ground.
They can't do the big things right so I don't know why anyone would expect them to do the little things right. I also have very low expectations for balance sheet improvement.
But, expectations are so low that I think it will be hard to disappoint.
Can anyone confirm that there is a Brad? I think he is either agoraphobic or Cory and Jeremy are playing Weekend at Bernies.
Brad is like many other entrepreneurs, good idea to start a business but bad at running it. Completely out of his league as public company CEO...IMO.
I am saying that Brad's stubbornness, ego and greed get in the way of coherent decision making. He does not take the time to even consider if a decision is smart or stupid... IMO.
Brad is the problem IMO. He is inflexible and does not play well with others IMO. Cory is good in the public but has no business in a board room.
I am pretty sure that when they up list (post r/s) they will float more shares. This will require another p and d.
Good strategy. Not sure it was worth $2 million in compensation for four months work in 2011, but smart to snuggle up with the industries leading distributor.
It's really too bad. I think the products, marketing, and brand positioning are all excellent. It's sad to see these kids squander such a huge opportunity due to their ignorance.
Prizzy IMO your frustration is a little misplaced. You are new to the company. Try to look past your own nose and understand what others might have gone through. Such as:
1. Stock down 98.7% since IPO.
2. Outstanding shares up from 20 million to 1.4 BILLION plus since IPO.
3. Authorized shares up from 30 million to 2.5 BILLION since IPO.
4. Executive compensation has skyrocketed.
5. Boats, planes, gyms, murals, houses, lambos...
And before you suggest these people just sell their shares and go away understand that they stick around because they see the tremendous potential of the brand.
If the piggies pull this crap on the NASDAQ they will end up in jail. What they did was illegal. They also undermined whatever credibility they had left. Institutions won't touch this so I think the stock will be stuck in a range for a long time. IMO.
What do you think Wilermke? Are we all just stupid investors that deserve to lose their money and have no idea what we are talking about?
In his posts.
I hope I am wrong but I am not optimistic about the Q2 numbers. One, the good news would be leaking by now. It almost always does regardless of the company. Two, I think Cory would be a little more confident in his posts rather than saying it is a long term investment.
Like I said I hope I am wrong but it does not add up to a blowout quarter.
He does have free shares. Millions but didn't pay a single penny for them.
Cory your attitude to your shareholders is disgusting. These are the people who are putting food on your table and bought you that nice big house. Since you guys provide zero communication it is a natural reaction.
A couple of other things...bro:
1. It's been over two years since you went public...bro. When is it fair for shareholders to expect something other than losses.
2. It's comprehension not comprehendible...bro.
A couple of questions:
1. Can you clarify about the FUTURE mind set of the company? If you had to "guess" what is the launch of another new product telling us about the future?
2. In the FUTURE do you guys plan to reward the loyal shareholders or is your plan to continue screwing us while over paying yourselves?
I agree but when a loyal investor asks a question they should be more respectful.
Their lack of professionalism simply amazes me. Memo to Cory - your stock is in the tank, you might want to stop acting like you know everything.
P.S. You might want to stop calling everyone "bro" if you want people to take you seriously.
Not to continue to discuss this old news, but I have not paid much attention to the Jeremy deal. Is he the only one at BB.com that was charged? Seems strange to me if he was simply distributing other people's supplements that were mis branded.
Sounds great. Thanks for the insight.
Agreed. Good PR. Most likely will not move the stock but this is the type of stuff the company should be putting out on a regular basis IMO.
Do you have personal knowledge of the situation? Looks to me that all we have to go on is that MSLP "said" they terminated the contract. It does not mean that was actually how things went down.
Cory said NASDAQ
Read the 7/19 8k. 100 million shares at $.01 plus option for another 100 million. AND 4.2% of outstanding shares for a consulting agreement...for starters.
Do you read the releases?
Since we are forced to play "guess what is going on over there" I will give it a shot.
I think (hope) day to day cash is ok but they needed to come up with a large amount of money to pay for something else. One of those things could be to list on a bigger exchange. I expect that these exchanges have some sort of cash on hand requirement that is in the low seven figures.
Another possibility would be to fund a major activity such as a purchase of another company, product launch (drinks or bars), bring manufacturing in house, etc.
A bad scenario for us investors is that they are still losing a lot of money and needed $4 million bucks.
Read the filings. Over 400 million shares and counting of new dilution.
Who initiated the termination if you were to guess?
They also said they were done with derivative financing and plan to be a cash flow sustainable business by the end of Q1 2012.
That type of misinformation gets you in big trouble on the big boy exchanges. The piggies better be careful. The SEC will be paying attention.
They diluted your ownership another 27% two weeks ago.
Since the company doesn't give is much to go on from a communications standpoint, I am taking this most recent dilution as a bad sign.
I hope I am wrong, but I don't know many companies that are giving away shares in a half off sale that are doing well.
Prizzy thanks for the advice. We all evaluate investments differently. MSLP is a gamble for me. AAPL is an investment. The money I have in MSLP is money I can afford to lose.
It's a pretty simple mathematical equation. If I view there to be a 10% chance that the stock quadruples in 2 years a 30% chance that it goes nowhere and a 60% chance that it goes to zero, what is the expected return? I'll save you the time...it's 50%...with a massive standard deviation.
They are just pigs that don't give a shit about the people who are funding everything. Pretty pathetic of us.
The bad news is that the company has only destroyed value rather than created it. The odds of the people who are severely under water getting their money back is slim IMO. We don't even get to use the gym that we bought them (not that it would do me any good in NYC).
I do think they have cut corners and probably broken several rules (and laws). If they are not careful their greed is going to cost them everything in the end IMO. I have seen it happen to guys with more brains in their pinkies than these clowns.
Not a guess.
Thanks Cory. Any other trials in the works?
I'm with you. They could've diluted much less if they had a more valuable currency. Some of this was under their control.
The only explanation that I can think of is that they have secured control through the super preferred shares and can always do things like the 2011 bonus to make sure that they will have a large percentage of shares regardless of the dilution.
Can we please stop comparing MSLP to successful companies? AAPL, BRKB, FB, MSFT and now Zynga. When is the madness going to stop? Check out how these companies performed for their investors.