Muscle Pharm Corporation (MSLPQ)

[turokman]

Saw this one posted on another site :


Musclepharm $MSLP a long forgotten stock .... has to pop sooner or later ?

I have a penny stock at $0.30 - Musclepharm ticker: $MSLP that is currently valued at 6 million dollars but did 100m in sales in 2018 . It seems there is tremendous upside opportunity right now as a protein supplier as meat supply is running short . One of their product is sold at Costco - Combat Powder ..

While BK is an option, CEO Ryan Drexler owns 18 million of 33 million shares outstanding . He seems to be committed to loaning the company money and keeping it afloat while we works to achieve profitability, something past leadership couldn’t . In fact he recently converted those shares to equity at $1.11 per share reducing company debt by 18 million . See filing below :


Item 8.01 Other Events.
Mr. Ryan Drexler, the Chief Executive Officer, President and Chairman of the Board of Directors of MusclePharm Corporation, a Nevada corporation (the “Company”), delivered a notice to the Company and its independent directors of his election to convert, effective as of September 16, 2019 (the “Notice Date”), $18,000,000 of the amount outstanding under that certain Amended and Restated Convertible Secured Promissory Note, dated as of November 8, 2017 (the “Note”), issued by the Company to Mr. Drexler, into shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”),
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at a conversion price of $1.11 per share,
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pursuant to the terms and conditions of the Note (the “Partial Conversion”).

source: https://www.sec.gov/Archives/edgar/data/1415684/000165495419010894/mslp_8k.htm


Musclepharm was a big brand in its peak 2013-2016 with signing Arnold Schwarzenegger and Tiger Woods.

They have a solid Instagram presence with 625K followers : https://instagram.com/musclepharm?igshid=6ty6kmgk2cmb

I determined a minimum fair value of $2.64 based on prior sale of Glanbia to optimum nutrition. OM sold for 300m while doing 157m in sales. Musclepharm did 100m in sales in 2018 and has been cutting expenses.

MusclePharm $MSLP seems to have 5-10X upside from here .