Look at it this way, their sales are growing faster than their share dilution. Their loss is reducing at a faster rate than their share dilution as well. I figure if this continues they wont need to use shares to finance their operation by 3rd/4th qtr of this year.
Coach, What do you think? It looks like they have converted a ton of debt to stock and what isnt converted can be later on. I see 167m shares outstanding and both proxy items were approved as I speculated. I think the report was pretty good, but they still have a ways to go. I got to think a lot of these expenses that happened in the 1st qtr wont be there in the 2nd qtr. Do you feel this way too? If sales continue to grow as well as margins, I have to think they could be profitable by year end or at least 2012.
I agree with you trader. The company expenses a ton of equity transactions, and other non related items which is normal with start up public companies. I see MSLP profiting by years end. If they were able to raise over 1M in Q1 with the way the 10k looked, investors must feel good about this company which tells me that MSLP is on its way back up.