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The lender isn't stupid, re-read the 8-K, there's provisions that if MSLP defaults, the lender is issued shares. Presumably, this would occur after a reverse split with a lower float so if MSLP did default and the lender wanted their money back...good bye minimum stock price requirement. In fact (can't remember if it's the $3million funding or the $750k loan), the lender can go straight to the transfer agent and ask for the shares and they're legally obligated to issue them under the contract, MSLP would have no say in it. It's dirty terms, but there's also terms in one of the 8-k's that says no exec or director's pay will increase unless stipulated in a current contract, which the financiers have reviewed. That's a good sign to me. No more arbitrary pay raises. Ultimately, you're right, it is a good sign that this company is willing to take the risk with $3.75 million in financing, even if it's backed by shares, but just wanted to point out they're not as confidence as they seem at first glance.
I tend to think you are right on about them expanding to another facility. Most of the PRs TCA puts out are about secured financing for facilities. http://www.trafcap.com/Press-Releases/
I've tried to do some research on the companies that TCA has dealt with in the past to see how they're doing and it's hard to draw a conclusion, some of the companies are private and others just secured the funding a few months ago.
With all the new additions to the board, the previous investments the consultants have made, and the rate at which muscle pharm is growing, I don't think this round of funding is going to be used to plug a cash flow shortfall, they're going to use it for improving margins or an advertising campaign...I hope. I really expect to see some great PRs this coming week about the funding, what it's going to be used for and Q2.
It's facebook "shares". There's an option on facebook where you share a post with friends so it shows up in their news feeds. They're saying 1000 people do this and they'll give someone 3 months of assault.
I'm trying to research the previous investments Barry Honig has done and I'm finding some interesting information. This guy for sure has at least a few million, he made $5+ million in 2010/2011 when interclick was sold to Yahoo, he made an investment in CDXC (where he's currently the co-chairman) in April 2010. Just as an exercise of fun, look what happened to the stock price of CDXC in April/May 2010. Based on the insider trading link, he's got $2 million + invested there. This guy is willing to bring money to the table, and from what I've been able to find about the companies he's connected with, they also bring money to the table. IMO, this guy is a small institutional investor, a step in the right direction.
Here's what I could find on the Barry Honig, one of the "consultants" MSLP just hired:
http://online.wsj.com/article/SB10001424052970204394804577011732021925726.html
https://chromadex.com/About-Us/Board-of-Directors/Barry-Honig.html
http://en.wikipedia.org/wiki/Barry_Charles_Honig
http://www.secform4.com/insider-trading/1373203.htm
Judging from the Wiki page, his firm doesn't mess around. They go for a good % stake in the company, presumably to get a seat on the board. Some of the companies have gone up since he joined, others have steadily gone down (mainly the Bio companies), but he seems to believe in the companies he invests in (see insider trading link)
Reverse Stock Split . Within 20 days of the Closing the Company shall file with the Securities and Exchange Commission a Schedule 14C Information Statement to effect a reverse stock split of its Common Stock of at least one-for-one hundred and shall have taken all necessary board and stockholder action necessary to effectuate the same as of such date. The Company shall promptly thereafter effect such reverse stock split and file the requisite amendment to its certificate of incorporation as soon as possible, but in no event more than ten days after the expiration of all applicable waiting periods under federal and state law (the “ Waiting Period ”).
Section 19 of the 8-k. Just hit control +F and search for Reverse stock split, you'll find it quick that way.
Though it's not specifically stated by the company, I would imagine they would not make these shares part of the float now. I think the company will reclaim the shares and retire them, removing them from the outstanding shares. To me, the question of whether or not they were a part of the float prior to this announcement is a moot question. The execs probably didn't sell the shares into the open market so as far as we're concerned, they were never part of the float. It's doubly moot since we don't know what the float is anyways, just what the outstanding shares are.
If the question is were the shares part of the outstanding, I'm going to say yes. The shares were issued and vested.
For those interested in the Under Armor situation or non-situation, the CEO is being interviewed on CNBC at 3pm EST.
My positive spin is that they don't need to release PRs to dilute shares anymore so they're not releasing PRs. They'll save them all for when they need to unload shares of their own.
Chart is starting to look really good with this little move up, I just picked up a few more shares.
I think that letter confirms what you were saying early learning curve about it being too expensive.
My interpretation of the letter is that NSF has to test every single batch of the products (except for the musclegel shots mentioned) to mark them officially as NSF. This would mean that every single batch would have to be tested, which costs mucha mulla. The specific batches mentioned for the non-musclegel products are probably held by Muscle Pharm for athletes (probably the sponsored ones) who order directly from Muscle Pharm. All other batches are sold to retailers and online distributors.
However, I really doubt that NSF certification had already cost Muscle pharm a great deal of money since they didn't certify that many batches. I'd say once NSF said wtf are you doing with our labels, Muscle Pharm tried to work out a deal, dragged it out as long as possible (or try to work a deal and ignored the initial WTF letter from NSF), then ultimately got dropped/made the decision to not pursue NSF certification for all batches. Meaning, I don't think this "decision" will lead to many savings since it sounds like they didn't spend too much in the first place.
Look at the bottom of the PDF
If you look at MSLP's website, they have a link to the batches and dates that the process started.
Yes, they probably are probably "lying" because their products aren't approved anymore, but they are in the process of getting them approved again. We don't know the reasons their products were removed from the list but to me, it's not a matter of their products being great/approved/sold, it's just another example of the management not following through. This is why new investors are hesitant to come in and it's the real reason people are angry.
I have a feeling the execs didn't just decide NSF wasn't cost effective, I think they just screwed up in getting all their stuff together.
The informed choice website has a list updated May 10, 2012, http://www.informed-choice.org/sites/default/files/Summary%20List%20of%20Products%20I-C.pdf
Read the bottom of the page, they're in the application process still. To me if they're in the process with informed choice, they're going to be with NSF.
I'd say this is more incompetence than business planning since these certifications were/are big parts of their marketing campaign. I sure hope it doesn't affect sales, time will tell.
Edit: I just looked on the MSLP website, they have a link at the just under the 6 steps boxes: here that shows the application dates of their products.
Not sure if anyone has seen a possible pumping promo:
Promoted Date Symbol Promoter Name Compensation
5/17/2012 MSLP Atomic Trades (The Stock Analyzer) TopStockPicks.com is wholly-owned by BlueWave Advisors, LLC (BWA). BWA is a compensated investor relations firm. TopStockPicks.com (TSP) offers a monthly, paid membership trade alert newsletter.
http://stockpromoters.com/News-Letters.aspx?symbol=MSLP
Here's the reply I got. I asked them if they knew when they would roll out in CA or if they had a timeline or a nationwide rollout:
I just emailed MMA elite to see if they had a timetable for expansion. I'll post the response.
I thought it was funny too, it was the same when I bought the shares a few weeks back too. I did some large buy on a technical pattern and people were tooting something big must be coming because someone did some large buys. Still have some of my position waiting for this merger to go through.
The ETMM that was on the ask at .002 for 5.7 million (originally 6.5 million) was me. Had to unload some shares for a deposit on a house :) Thanks to whoever bought them.
An increase from .01 to .02 and an increase from $1.00 to $2.00 are both 100% gains. Mentally it would be different because it has to be a bigger number gain to make the same amount, but all the actual numbers are the same, since the float decreases a lot (and they reduce the authorized shares to rule out the possibility of dilution) so someone new coming in and buying shares would be able to buy the same % of the company for the same amount so in theory it should move the stock price by the same percentage as before the R/S. It's all relative.
A R/S wouldn't matter to me as long as they reduced the authorized shares along with it and gave up the class B voting shares. In fact, I think a R/S with those conditions would be a good tool to get us onto a bigger board faster = institutional money...
Very interesting, day before it was 25% too.
Date|Symbol|ShortVolume|ShortExemptVolume|TotalVolume|Market
20120423|MSLP|32288823|0|130420978|O
I find it odd that someone is actually shorting this stock. If they're not closing out positions and carrying over the short positions....that's a huge short squeeze. I have a feeling it was VFIN doing all the shorting, sell it at the ask, then drop the ask a little, then buy it back through another MM symbol on the bid when scared investors dumb shares. Sure hope these games are over.
If they've done enough to get you to take up a position, then anyone with doubts should be getting in lol. This is great news and it looks like they're really listening to all the companies they're hiring for advice. Very glad I loaded up yesterday also :)
I think you might be right about MMs bringing down so more pumpers can by in, http://stockpromoters.com/News-Letters.aspx?symbol=MSLP
3 new groups joined in today for a total of 5 groups, 2 of which have disclosed that they are expected to be compensated by a 3rd party.
Amex Listing requirements
Whoever told you 2.5 billion O/S was needed for uplisting was completely wrong. 2 of 3 years of profitability aren't even needed to uplist.
Price/0 = error. Price/Negative = negative stock price= 0. You'll have to use other methods to value this stock until there are actual earnings. If there are, I think we'll see no less than 20x earnings.
This website is saying 2 groups are pumping the stock as of 4/20.
stockpromoters.com/News-Letters.aspx?symbol=MSLP
If no news comes out, I expect to see some big swings in the price this week as a result of these 2 pumpers.
Is it normal for a company to get a 10% royalty on net income from the product? That seems like an easy to way do do some fun accounting and not have to pay any royalties. For instance, the 3rd party can pay its CEO a huge bonus and hey, what do you know, net income is $0 so they owe muscle pharm nothing, or they could depreciate something faster and again take net income to $0. To me, this is complete opposite of what they should be basing the royalty on, just like the complete opposite of the revenue based bonuses.
They didn't remove it, someone took it out. 1.1 million went through at .015 at 11:07
I'm at 13,939,435 now :)
That's what I'm seeing as well. Since when is ETMM into market manipulation? They've been on the ask all morning at 5000 shares and walking the ask down after every buy/sell
ETMM might be running low on shares. Instead of posting 1,000,000 on the ask, they're only posting ~500,000.
I don't remember if I read it on this board or another one, but people were saying if you set a 60 day sell order all or none (for well above the current price so the sell doesn't actually go through) it will lock up those shares so no one can use them short or do other dastardly deeds. Not sure if this is true but worth a shot :)
Do we need to file a schedule 13D with the SEC if we're above 5% of the common shares? I think a few of you guys are and I want to pick up more shares but don't want to mess with that. Not sure if the SEC really cares about pennies.
That brings the total up to 51,904,476 on a stock with 63,000,000 float? I'm guessing just 2-3 more people this board will make up the entire float. Float locked down is an understatement...
11,939,435 locked up by me. You own more than 5% of the common shares if I'm not mistaken. Don't you have to file something with the SEC? That's the only reason I haven't picked up more shares, I don't want to deal with that. Either way, that's 46,904,476 that's locked up between you me and jhnvtjll...and I picked up all mine within the last week (that was me on the 14th in the morning buying at the ask).
I like where this stock is going, especially with the recent PRs about Gray's stock compensation plan.
I've picked up more than a few shares over the last few days. Some of the bid support you've seen was probably me :)
http://img259.imageshack.us/img259/3857/rtgv.png
I almost dumped 1.5 million shares at .0065 yesterday but I forgot I had sell orders for all my shares at .25 and the order didn't go through. Phew lol.
Lvl 2s are looking pretty thin. If VNDM gets off the ask they might let this one move a little bit. The chart is looking like it wants to make a move up too.
We should just start a rumor about a conference call that's supposed to happen. I commented on someone else's comment yesterday about having a conference call but they deleted it.
All someone needs to say is, "I heard that you guys are holding a shareholders conference call but I can't find any press release on it, when is it?"
If we keep asking about it, eventually they'll have to respond and say no, we're not going to, in which case they'll be a-holes, or they'll finally cave in and have one.
I'll do it next week if no one else does it just in case they remember my name from posting last night.
I normally agree with you on things Codie, but I don't think they're gonna take a loss on Walmart sales. They don't need to market for Walmart since it's a brick and mortar establishment and there's already tons of foot traffic in Walmarts. All their reasonable spending has been for brand recognition. If you ask me, Walmart is going to be the thing that lets this stock ALMOST break even, they're gonna lose money on all their other sales lol.
Most penny stocks dilute after the stock has been allowed to run a little bit. MSLP dilutes into the news so it can't run. You may be correct that there's a group trying to keep this down but I'm guessing it's probably a combination of MM manipulation, dilution, and this group you speak of, but I'm leaning towards dilution because they have a history of diluting into the news.
Muscle Pharms' reply:
Muscle Pharm: You will not test positive
I think MP can say this because all the products are made in NSF certified facilities but they did not make an attempt to correct Jesse about all products being NSF certified.