Muscle Pharm Corporation (MSLPQ)

[Madcowelixir]

Gross Margins don't cover this expense!

Ryan received $7m in this first "mystery" preferred secured note deal (October 2021) and was contracted to pay back $8.1m in 6 months (April 2022).

Ryan couldn't pay back the the $8.1m by the maturity date so now Ryan owes $9.8m.

These are Tony Soprano shylock rates.

How is Ryan going to pay back the penalty $3m in "juice" AND the $7m in "principal" when you couldn't pay even the original $1.1m of "juice" on time?

Ryan can't even come close to "break even" on EBITDA and is posting multimillion dollar operating losses, much less after the shylock "juice" payments that are due.

Let's look at last Q. $13m in revenue and 95% Cost of Revenue just from the suppliers (some of whom are not being paid and have pending lawsuits like Bakery Barn supplier of Combat Crunch Bars).

Ryan posted a loss of -$6.1 MILLION just in the 90 days of Q1 2022 and now they owe another $10m in debt to a "mystery" secured bond holder?

This is Crazy Town. Amazing that Ryan was able to charge you shareholders $50k for his personal moving expenses and a $7k a month allowance for a rental home.

Bet the trust fund baby wishes Daddy Halbert was still alive as he needs a bailout.....again......desperately.

Who is this "mystery" bondholder? They now effectively own 40% of MusclePharm and are owed $10m in cash due in just months and the shylock penalty "juice" is compounding at a Tony Soprano rate.