Replies to post #49131 on Muscle Pharm Corporation (MSLPQ)

[Art Vandeley]

You have to be kidding? This is one sorry excuse for a company.

from their most recent 10q

As reflected in the accompanying unaudited interim consolidated financial statements, the Company had a net loss of $15,927,426 for the nine
months ended September 30, 2012 and a working capital deficit and stockholders’ deficit of $9,114,226 and $7,297,593 respectively, at
September 30, 2012. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8909857

Also the share structure is utterly ridiculous. How many different classes of preferred shares do they need? Plus I see they just authorised a 4th class of preferred shares.

Talk aobut dilution. OMG! 1.6 BILLION shares diluted since the beginning of the year. WOW.


This has to be one of the worst financial reports I have ever seen
Bankruptcy imminent.