Muscle Pharm Corporation (MSLPQ)

[jeff_green]

Which of these is the best reason to invest in MSLP?


MSLP products contain the cheapest Chinese ingredients and due to using contract manufacturers get no savings on the COGs. MSLP are the worst quality yet cost a lot.

MSLP revenues have declined 40% in the last 4 quarters as more consumers become aware of the Chinese sourcing and other factors.

MSLP is under a very aggressive SEC investigation that eliminates any acquisition.

MSLP has completely encumbered 100% of its assets to a lender that has prohibited any further borrowing until the loans are payed off. MSLP is operating under a temp waiver after defaulting on multiple covenants of the loan only weeks after signing for it.

MSLP has no cash and has been cut off by its contract manufacturer for no pay.

MSLP margins are a joke. COGS in Q4 was $.82 for every dollar or revenue and SGA was $19M in the quarter. MSLP lost $16m in the quarter.

MSLP CEO declared personal bankruptcy and can't manage his household budget. Now we can see why the bank loan covenants were broken only weeks after signing for the loan. The CEO is reckless.

What's to like?

Again these are just FACTS and not opinion.