The problem with your bear thesis is assuming more bad decisions are being made . From my point of view , Musclepharm has been making strides in the right direction , especially lately , and fixing the problems that plagued them from the past .
We’ve seen them come current on filings and they are now not even considered a penny stock because of their reporting .
We’ve seen them make a bigger push to direct sales on their website , and increasing their presence on Amazon including their Combat protein now being an “Amazon’s choice” product .
We have seen the contract with Costco being renewed with a new product , now selling their new flavor Chocolate Milk in stores .
We have seen them turn cash flow positive .
We have seen them settle many lawsuits from bad decisions made in the past by former executives. We have not seen new bad decisions being made .
If the company has made it this far , why would they throw in the towel? Wouldn’t they have given up prior to filing the 10Q’s and spending all that money getting financial shop in order ?
The company is small , thus its easier to turn around . At this point , their expenses are so minimal , how could they not be profitable? There are other supplement companies in this space that make money and are profitable. What bad decisions are currently being made that has this company thinking it will go “poof” as you say ?
Your repeated claims of fraud and imminent bankruptcy for the past 3 years haven’t come to fruition , and the company seems to be turning around . I’ll patiently wait for the stock price to reflect the moves Drexler & team have been making .
$MSLP
$MSLP - Every Dog Has Its Day .
