Muscle Pharm Corporation (MSLPQ)

[Madcowelixir]

The Q3 Highlights

Total Revenue: $11.97m

Cost of Goods Sold: $11.94m

Before any operating expenses, MSLP is selling its product for the same price it pays from suppliers.

Considering Amazon channel is retail money, MSLP actually wholesales it's product to Costco and such at a LOSS before any actual expense except Cost of Goods from its suppliers (who are being stiffed for payment)

Total Revenue declined -25.5% most recent Q compared to Q3 last year.

Q3 2020 revs $16.1m

Q3 2021 revs $11.9m

Declines are accelerating.

Remember when CEO Brad posted $52m in rev in a SINGLE QUARTER? CEO Ryan is posting less than that number for the ENTIRE YEAR!! Easy math. CEO RYAN -75%.


Here are the headline metrics from Q2 to Q3


Balance sheet

Total Assets: Q2 $10.9m Q3 $11.3 So an increase of $400k but

Total Liabilities: Q2 $37.2m Q3 $41.1m

Liabilities exploded $4m the past 90 days despite Assets essentially flat.

MSLP suppliers were stiffed an additional $2m NET this Q over Q2. Mind you this $2m is in ADDITION to the stiffing suffered last Q by suppliers.

Additional net borrowings of nearly $2m from the shylocks at 25%-200% interest this Q as well.

MSLP lost -$4m the past 90 days on just $11.9m in Total Sales.