Muscle Pharm Corporation (MSLPQ)

[Madcowelixir]

Just look at these metrics which were as of Dec 31, 2019. Things are much worse now if you can believe it. Easy see why MSLP stock is worth less than nothing and why an acquisition chance is nil.

Only MSLP assets on the balance sheet:

Inventory $4.7m. HUGE PROBLEM. MSLP has borrowed $4m against the Inventory at 16% interest from Crossroads Financial who has first lien on the Inventory in bankruptcy. Essentially there is ZERO ASSET or LIQUIDATION VALUE to MSLP.

Accounts Receivable $4.8M MSLP has sold $4.4M of these AR to Prestige Financial. Again....there is ZERO ASSET or LIQUIDATION VALUE to MSLP.

HUGE PROBLEM?!!!!!!!!

MSLP owes $31m in past due Accounts Payable to the suppliers of the their products and are being sued for non-payment. Where is MSLP going to find $31m to pay the suppliers for products MSLP already sold and collected revenue and yet still has ZERO cash on hand?

MSLP has no cash.

The company is so upside down with revenue falling off a cliff. MSLP largest retailer has renegotiated wholesale price terms down dramatically and that is why COGS has exploded to 89% from 66% previously. Just the cost of goods form MSLP suppliers is .89 cents for every $1.00 in MSLP retail sales before any other expenses. That is crazy.

Ponzi Scheme is over Ryan.