Replies to post #79593 on Muscle Pharm Corp (fka MSLPQ)

[Madcowelixir]

your assumption is a fallacy

No one was buying. No one was buying at $1.20 either. The only buyers have been Amerop (made their last purchase in May, 2017) who bought 2m shares above $2.xx and Wynnefield who added several thousand shares last Q but has slowed their regular purchases dramatically. There has been zero volume for quite some time as the metrics show MP product sales are disintegrating at an astounding rate. Nearly 9 out 10 reviews on bodybuilding.com are negative for Musclepharm products in the past 45 days. 7 out 10 reviews are negative on Amazon for the same period. This is a huge reversal from the historic norm.

Here is the trade table today that shows almost equal buys/sells as MM is trying to stir up interest by buying from one account and selling to another account but it was a wash day as per the ratio. Less than 200 share difference between buys and sells out of 45K shares. Pure manipulation wash to attract retail mooches. It seemed to attract your attention. If a real seller were to appear the pps would have dropped back to $1.20 as Level II had no back up bids until that level and the MM would have pulled his fake bid and action. Even when the bid was $1.47 the second best bid was $1.20 on Level II. That is not a real buyer. That is manipulation trying to unload shares by faking interest. The best bid today was exactly where I sold most of my shares to him recently as the MM didn't want to get trapped by me selling into him again not knowing I liquidated my entire position. Watch what happens going forward.

Go ahead and buy more if you have the capital and want to throw good money after bad.




Look at the second best bid below on Level II

[Madcowelixir]

If you think the buys were "authentic" then look for a Form 4 from Nelson or Buck in 4 business days but both of those entities are down huge on their insider buys. Nelson bought 1m shares above $9 and Buck is in 2.2m shares at $2.15 but hasn't bought a single share since May.