Muscle Pharm Corporation (MSLPQ)

[Madcowelixir]

mtc44380 Thursday, 11/09/17 07:41:21 PM
Re: codie post# 79945
Post #
79946
of 79946 Go
Partly..... he has been spouting that Drexler wanted bankruptcy.... I don't see that yet.

I understand their financial situation is dire, but his 'inevitable' bankruptcy he has been saying is atleast kicked down the road.

You believe MP is solvent? Then go buy more MSLP shares and you will see how solvent the company is.

DIP financing is bankruptcy and the Prestige and Crossroads financing is Debtor in Possession of the two remaining hard assets @ 18% and 20%.

I personally bet CEO Ryan will credit at least a few weeks to a month of Q4 orders into Q3 numbers yet to be reported. I've seen this scam before as when the bottom falls out it falls completely out and the numbers are a fraud.

The only reason MP is still in business is due to the fact they stole $23m of Capstone product and sold it for $30m+ and didn't pay the supplier. MSLP took in $30m revenue from stolen merchandise and payed nothing back other than an $11m IOU.

That $30m theft still wasn't enough to cover operating losses and now Ryan is feverishly borrowing money from Subprime Bankruptcy lenders on the Inventory and Receivables as sales crash and cash flow contracts.

Your "official" declaration of bankruptcy is close at hand but he is trying to secure a ruling in the IRS appeal first as a non-ruling would keep the case open and leave Ryan exposed in his asset acquisition.




BioZone is sold and monetized. That money is gone via operating losses.

Inventory on Hand is borrowed against and monetized. That money is gone.

Accounts Receivable is borrowed against and monetized. That money is gone.

There is nothing left to steal or borrow against.



MSLP has stolen or borrowed over $40m+ recently (Capstone, Prestige, Crossroads, Biozone) that is now gone with nothing to show for it but an empty checking account and bunch of IOUs.




Think about that......$40m+ has come in theft, garage sale and borrowings recently and MSLP has nothing today.

Where's the next necessary $40m going to come from?

MSLP is like a drug addict with no income who needs to fund their dealer and has on theft and credit but the dealer has cut them off and is now demanding payment.