Replies to post #80340 on Muscle Pharm Corporation (MSLPQ)

[Madcowelixir]

Brad seemed to learn a little lesson. He partnered with a different guy and started a little energy bar company two years ago. He just sold 51% for $6.1m. Not bad for two years. He owned only a minority percentage so he prob made $1-2m tho and still owns a minority percentage of the 49% remaining. Tru Brands acquired his bars.

[turokman]

Definitely. Their Instagram is actually their main platform right now and they have been selling a coronavirus kit for stay at home gym-ers.

The downside seems limited here at a 5 million market cap for a company that has done a 50m quarter recently

[turokman]

The new $MSLP CFO, Allen Sciarillo has extensive work in SEC compliance according to his linked in profile , that could be useful here:


• Write technical accounting memos including business combinations, discontinued operations, investments, internally developed software, going concern and SEC Staff Accounting Bulletin No. 99, “Materiality”.

• Researched and prepared accounting response for multiple SEC comment letters.

• Presented materiality position to SEC staff, avoiding refiling of prior period reports.

• Restated five prior period quarterly and annual financial statements.

• Monthly close, including consolidation of majority owned foreign subsidiary and share based compensation.

• File Forms 10-Q and 8-K for disposition of assets.

• Manage and participate in quarterly review with external auditors.

• Ensure compliance with ASC 606 – Revenue from Contracts with Customers and ASC 842 – Leases, including appropriate disclosures in SEC filings.