Muscle Pharm Corporation (MSLPQ)

[Madcowelixir]

IHerb channel is discontinued. No margins.

MSLP Revenues are down another -20% YOY so so much for chocolate milk moving the needle.

MSLP domestic revs are just barely above $10m a quarter now and likely to fall under that benchmark soon.

MSLP is likely to fall below $40m in annual domestic sales soon.

CEO Brad used to post over $50m in a single Q. Ryan's Ponzi fake orders and numbers are -70% below CEO Brad's real numbers.

Combat Crunch is less than 10% of total revenue so that supplier change when Ryan stiffed the manufacturer killed that product.

Block trade of MSLP Treasury Stock was insider trade and not market value much like Drexler's conversion at $1.11 recently.

MSLP just traded at .15 cents today

Over $800k of "revenue" in Q3 10-q was non-cash "gains" on losing 2 more supplier lawsuits for non-payment and on selling gym equipment, office furniture and other "assets" and an inventory adjustment that was likely fake just like nearly all the MSLP financials. There is no profit.

Dilution is rampant and now 49m shares OS.

Lawsuit settlement payments to the two manufacturers Ryan stiffed begin in January and ThermoLife still hasn't been paid the $1m+ they are owed though MSLP was forced to post a bond recently by the courts.

Manchester City Footy is still owed $1m that is past due for 2 years on the sponsorship deal.

MSLP continues to hock anything that is not tied down such as nearly all the Accounts Receivable, Inventory, etc at shylock rates of 15%-18% interest. Both shylock lenders have recently cut the available credit limits substantially as MSLP revs continue to implode in spite of Ryan's admission that orders were faked and the revenue was bogus and fraudulent.

MSLP has no cash therefore only has $1m in total inventory on hand and 50% of that total was pledged as collateral for $500k in loan at 18%. Death Spiral.