Muscle Pharm Corporation (MSLPQ)

[Madcowelixir]

Vigorous defense!!


So now Ryan has agreed to pay $300,000 a month toward the $3.1m delinquent invoices in addition to staying current on $700,000 a month in minimum purchase orders or Nutrablend will shut them off as a supplier.

Ryan just agreed to paying $1m a month minimum ($300K past due and $700K minimum month PO that are COD!!!!! Cash required, no credit!!


MSLP didn't meet minimum purchase orders with ThermoLife and lost the just under $2m final judgement lawsuit so groundhog day again. MSLP has been staying afloat by stiffing suppliers and absconding with revenue.

This settlement is a loss as now Ryan is forced to pay monthly or is shut off by one of the last remaining suppliers who pick up the phone when MSLP calls.


On March 18, 2019, 4Excelsior, a manufacturer of MusclePharm products, filed an action against MusclePharm in the Superior Court of the State of California for the County of Los Angeles for $14m in damages.


4Excelsior cut MSLP off as a supplier on Jan 27, 2020.

On January 27, 2020, MusclePharm filed a counterclaim motion against 4Excelsior seeking unidentified damages relating to 4Excelsior’s failure to fulfill a purchase order. The court denied that motion

Bakery Barn, maker of Combat Crunch Bars sued MLSP and won and cut them off.


Here is the breakdown of suppliers and how many Ryan has stiffed and how fewer and fewer suppliers will accept any substantial purchase orders from the "stiff artist" CEO Ryan.





Now factor in the latest disclosure reflecting MSLP retail sales decline as of Q2 2020.

Beginning in April 2020, the Company began to experience a slowdown in sales from its retail customers, including its largest customer.

Bend over and grab your ankles suppliers! You're going to continue to get spanked.