Replies to post #54010 on Muscle Pharm Corporation (MSLPQ)

[avocet]

Very minimal deception at play here IMO.

I think everything they are doing now is minus the wreckless moves of desperation they previously kept finding themselves taking.

As of late, all of their choices appear to be good ones.

Their business plan has been overhauled and there are no longer any glaring holes in it.

[prokopton]

MSLP NASDAQ Capital Markets (SmallCap) Listing

Just going by the Net Income Standard criterion alone ( refer to original post for others).

"Under Net Income Standard, a company must show net income from continuing operations of $750,000 in the most recently completed fiscal year or in two of the three most recently completed fiscal years, stockholders’ equity of at least $4 million and market value of publicly held shares of at least $5 million."

Income

2009: (1,913)
2010: (19,569)
2011: (23,281)
2012: (18,953)

2013: $750,000 profit?
MSLP Fiscal Year End 12/31

They would have to turn at least a $750,000 profit in 12/31/2013 FIRST, then apply for a listing after their fiscal year ends. Since they've been late with their 10K (90 days), the earliest is Feb. or April 2014. Again, assuming if they're able to turn a profit.

Unless there are exceptions we're not aware of, it doesn't appear MSLP will qualify for the NASDAQ Capital Markets listing in 2013 based on the fiscal year requirement.