I'm preparing a letter this weekend to MP management to address our thoughts and concerns as shareholders, and I'd appreciate any input.
You may post them here, or email to email@example.com. I do not want any personal information, name, share amounts, etc.
What I ask, is for pertinent concerns from fellow shareholders in a businesslike, professional, and adult manner, as this is the manner the letter will be presented.
Not a "WTF is going on there"!(Probably the sentiment of most shareholders anyways), Only legitimate and pertinent questions. (Anything other I'll disregard).
After assembling the concerns, I'll prepare the letter(from us), which I'll post here, and or, send to your email address prior to sending via certified mail to MP.
Note: This is not intended to be a complaint letter. Rather a letter of our concerns and issues as shareholders which we'd like addressed. As the company is growing leaps and bounds, we're losing.
I don't expect a direct reply from MP, but I do hope this letter serves as a notice that they need to acknowledge our concerns through a press release. No fluff or sugar coating, but a direct response regarding the direction of the company as it pertains to its shareholders.
Question: Once MSLP starts quarterly profits will they do a stock spilt to reduce the outstanding shares to where they were a year ago? That would be a great sign of MSLP taking are of their shareholders like they claim they will someday.
Good idea Coach. I also agree with the others that encourage a back up plan. Looks like management is just out for themselves. I would be supportive of a class action lawsuit if others are interested. You just can't do many of the things they have and think there are no consequences.
I appreciate your efforts Coach and hope that the lack of response from the company doesn't let you down. Obviously there are questions about the bonus, compensation in general, spending, who owns the clothing line, Medicaid, etc. But it all comes down to a general lack of interest in communicating with the shareholders. We are left to make up our own reasons since they will not supply any.
The problem that I don't think they understand is just because there is an endless supply of financing vultures that will take a 50% convertible, there is not an endless supply of buyers of the shares that are flooding the market. If they actually communicated like a serious company, perhaps the stock would command a higher price. If it traded at a higher price, then they would not have to give so much away to raise money.
But, like I said, since we aren't communicated with, we are left to formulate our own answers. I fear that they showed their hand with the bonus. They are not concerned with the dilution or how low the stock goes because they will simply give themselves more shares in the end ensuring that they are taken care of while the investors are left holding the bag.
Also, I encourage you to send several copies of this letter. Brad will simply throw his away. The other crooks along with Blutto need to see this as well. I would also post a copy on the MusclePharm investors page on Facebook.
One man's opinion.
Good idea coach but I'm afraid it's too little too late. They don't answer email, the don't answer the phone, they delete any Facebook and Twitter inquires.
They don't see investors as part owners in the company. They simply use investors as a way to fund the extravagance when no concern for investor returns.