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Muscle Pharm Corp. Message Board

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  • coach2277 coach2277 May 23, 2011 9:07 PM Flag

    10Q Filing Completed

     

    Hi Trader, I agree with you 100%. It's my sentiments exactly.

    I've thoroughly read the Q1 and I'm preparing to do so again with a fine tooth comb. I have an accounting degree and I'm still trying to piece everything together. Not so much on where the company is headed, but how this will be viewed by the market tomorrow. I believe favorable.

    The 5m loss will scare people away. However, it's not loss from operations, but primarily due to financing (part of the derivative liabilities), There is a major difference between the two when evaluating loss. I just don't know if the average investor will look any further than the Net Loss?

    There are some very encouraging signs beyond the sales increase that stand out to me. The current assets of 4.5m in relation to the 5m loss, the reduction in operating loss, 3.5m sales to 1.1m operating loss versus 2010, 1.2m sales to 2.2 operating loss. This to me signals a significant turnaround.

    Overall, I have faith in the company's long and near term prospects, and believe I've made a good investment.

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