Replies to post #22435 on Muscle Pharm Corporation (MSLPQ)

[deafelephant]

MusclePharm Sportswear is part of MSLP. MSLP rented out the license for their sportswear apparel through a third party of which I am assuming is TapouT.

Why do you think Drew is affiliated with the sportswear apparel only?

What I find interesting is that TapouT is the official lifestyle apparel of UFC.

MusclePharm is the official supplement provider to UFC.

Very nice partnership, if you ask me.

and where do you find the financials for TapouT? It appears to be a privately held company.

And lastly, MSLP was open about renting out their commercial license for their sportswear apparel in both their filings and through PRs.

[learning curve]

Potential reason for the LLC holding as that then Drew is NOT directly connected to the company.

LLC are NOTHING more than a name unless the LLC acts independently of the Officer/or officers.

For example:
I start a business painting houses and then form an LLC to protect from liablility in case of an accident in which I damage a clients house with my ladder.

If the LLC can NOT manage its own assets and liabilities then there will be NO protection for me if my client sues me. The LLC must have it's own established Bank Account and accounting records that are NOT solely dependent of the cash flow of the Officer/s.

I would guess that the LLC is to keep any investors in the dark regarding who actually has been financing the project so that creditors do NOT come after to collect previous failures of payment.

Example: My father filed bankruptcy....but prior he lent me money to start my own business.

I have been paying him via CASH as he can NOT accept money from any source over a certain amount or the creditors will sieze this money (basically saying that he had more money/accounts receiveable to pay off a larger portion of the debt that he had BKed.