Muscle Pharm Corporation (MSLPQ)

[Madcowelixir]

Window dressing only

MSLP borrowed and owes almost $6m to Prestige Financial in Q4 '17

AND another

$3m from Crossroads Financial in Q4 '17


MSLP borrowed over $9m in additional outstanding debt during Q4 '17 not counting anything from the Drexler loans yet only shows $6m in Cash on Hand.

Nice business model. Borrow $9m in Q4 to show a bank balance of $6m to investors to window dress the quarter.

Still racking up debt at an amazing Ponzi Scheme Rate. Wait until the collateral is called due and MSLP is forced to declare bankruptcy as the debt is all collateralized by 100% of the MSLP assets, including Accounts Receivable, Inventory and Cash on Hand.

There is only $3m in additional lending available under the LOC terms to Prestige as MSLP has borrowed 70% of the credit limit.