I sort of see your point . Trust fund Sexy Drexy is running a cash flow neutral (at worst ) company with Musclepharm.
He’s shown time&time again to continue to personally lend to keep the company a going concern.
I did check out their Instagram and website and it does seem revamped with a more direct-to-consumer approach. Perhaps that’s his plan to profitability?
Drex was appointed CEO in March 2016 and the stock was trading at $3.xx
MSLP has essentially gone straight down like a ski jump ramp since Drex came in the picture and is now "trading" (if there is no volume is it really trading?) at .15 cents
Accounting fraud has now made MSLP 10-Qs super secret that only Putin could get copies. Cash flow break even is pipe dream. Company is drowning in debt and has lost or settled as the losing party in over a dozen lawsuits.
ALL 3 insider parties are down over a verified -95%+ on their investment including Drexler who only converted after a lawsuit by Consac and WW in order to save his position as CEO.
This dog is dead and buried.
Even Amazon which is the probably the only significant sales channel besides Costco has only 8 customer reviews in the past 3 months. Very telling. I have doubts whether MusclePharm is doing over $50m in annual sales as the constant turnover would suggest in the COO office or numerous Accounting Companies refusing to certify financials
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