Muscle Pharm Corporation (MSLPQ)

[TheExpertHimself]

Musclepharm had to buy back the 250,000 shares from Cocrystal's escrow...I believe it was part of the settlement with Cocrystal because Musclepharm was returned the other 350,000 shares of the 600,000 shares that Cocrystal held in escrow as security.

There was some give and take going on....nevertheless....Musclepharm spent $2.5 million in Q4 to buy these shares back, and another $2.5 million in Q3 to pay down the old credit line. The new credit line costed $40,000 to establish

So, it pretty much started Q4 with $2.95 million in additional cash to work with for operations...which was too little dealing with Walmart's squeezed margins and delayed payments....

In Q1, I think Musclepharm laid off 60 full time employees saving approximately $1 million per quarter, furthermore, I think that it is saving approx. $1 million per quarter on manufacturing, and that it is earning $5.5 million more because of increased sales....meaning that Musclepharm is $7 million better than last quarter....but still down $3 million.