Muscle Pharm Corporation (MSLPQ)

[prokopton]

I closed all my MSLP positions today.

Up 27% on my long position.
Up 30% on my first trade position.
Up 47% on my second trade position.

MSLP is going into its 5th year of business and it's still losing money. In the last 3 months alone it has managed to stay in business only by:

1. Getting a $1 million bridge loan at a pawnshop interest rate.

2. Receiving $12 million through a offering that gave away 50% of the company.

3. Receiving another $6 million in a recent offering. The 1st calendar year quarter is almost over and the fact that they need $6 million in working capital could be a signal to expect a loss for the current quarter also.

I don't think it has a viable business model. The 4 year trend for for MSLP has been very clear: The more revenue grows, the higher the losses, and the more the stock drops. Then management releases a bunch of fluff PRs, gets the money to keep the business going... wash, rinse, repeat.

Just an amateur opinion form a prokopton (a student in Greek), so do your own DD.

I'll be back when another trading opportunity arises or when the company is CFP or profitable.

GLTA