Muscle Pharm Corp (fka MSLPQ)

[ID Supermoney]

Well they would have made about net profit of $3.6 million!!

General and administrative (“G&A”) expenses for the three months ended March 31, 2013, increased to approximately $8,886,000, compared to approximately $4,393,000 for the three months ended March 31, 2012 a 102%, increase. The main reason for this increase in G&A is the two consulting contracts of GRQ and Melechdavid. These contracts, categorized in the table below as professional fees, were entered into by the Company to promote the growth and expansion necessary to expand and raise capital and repay the previous existing debt by which the Company was encumbered. The total amount booked as expense for these advisory contracts in the first quarter of 2013 totaled approximately $3,579,000 and these contracts were satisfied as explained in Note 10 - Subsequent Events. This expense represents 80% of the total increase in the general and administrative expenses.

Another 20% to pay out for Q2 and then what a HUGE net profit!!!


Give sales in Q2 to be about $30 million!!

We should see net of about total $12 million less say $1-2 million and we are in the money!!!


GLTA


ID