Muscle Pharm Corporation (MSLPQ)

[jeff_green]

40% revenue slide is very concerning. Company is no longer posting revenue growth YOY. The opposite is occurring. Consumers are rejecting the products.

Cost of Goods Sold (COGS) was 77% of total revenue in Q4 2014 is even a larger factor for the MSLP demise.

Yes read that percentage again. JUST the COGS eats 77% of the total revenue. NO MARGINS!

So funny that no longs address this FACT! 77%

COGS is going up (bad) and revenue is going down (bad).

$19m in SGA expense in Q4 left a $16m loss for the quarter.

No cash and 100% of assets hocked for defaulted loan covenants within weeks of signing papers leave MSLP in dire straights now. No 2016 forecast necessary.