Muscle Pharm Corporation (MSLPQ)

[jeff_green]

On Q4 MSLP conference call, new CFO said that retail channels were not buying due to failing sell thru on MSLP products. He called an unexpected wave of retail channel inventory optimization. LOL Customers are rejecting MSLP products.

The fact that retail customers have been made aware of MSLP sourcing their products with cheap chinese ingredients and materials means the storm is only just beginning.

Revenues are down 40% in the last 12 months despite numerous new product launches. The former line has been almost completely rejected by the retail market and that is why Pyatt is so desperate in the new product launch channel without regard to focus or efficiency.

Pyatt is just throwing everything against the wall in hopes something will stick but cash has been depleted, $12m in loan proceeds exhausted and suppliers cutting them off for non payment.