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Muscle Pharm Corp. Message Board

  • investora2z investora2z Mar 30, 2013 11:55 AM Flag

    Breathtaking move

    The recent moves have been breathtaking to say the least. The volumes have increased and the stock is making highs everyday. The 10 day average volume is 154K compared with less than 70K for the 3 month average. On Friday, the volumes were around 200K and the stock rose more than 8%. It closed at $11.07 with the day's high being $11.55 (this is the next level to watch). It announced that it had closed a $6 million funding at $8.50 per share (705,882 restricted shares). The CEO Brad Pyatt commented that the closing of the financing would increase both the working capital and shareholders' equity. Strengthening of the balance sheet would help the company in its efforts to list on NASDAQ. MSLP has grown from the scratch in 2009 to being a $78 million company in 2012. It has not turned profitable yet, but the company is continuing its efforts on cost rationalization to achieve this. The revenue target for 2013 is $100 million, and if there is some positive surprise on the margins front in the next few quarters, the stock would gather even more momentum. The Q4'12 results are expected to provide some guidance about the improvement on that front. The recent growth of MSLP stock from around $4 levels in January to $11 levels has been amazing. The market is growing and recent launch by MSLP (FitMiss product range for Women) indicate that the company is very aggressive on that front. It had also roped in a NFL Super Bowl quarterback for endorsing its products. So after the results are out, the next big trigger would be the listing on NASDAQ. That would actually be a game changer for the volumes of trading and also the interest of big investors. This would make the stock more liquid and also add to the respect which the company commands.

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2.00+0.01(+0.50%)Oct 28 3:59 PMEDT