hell of a point u make....def food for thought. can't wait to see full report. fyi I added to lower my pps nearer to the 4 buck area and have started praying that 1-2yrs down the road etc I might see a breakeven or even a profit someday before I die:)
fellow long, I must admit after yesterdays total disaster and the recent continued downfall even after Drexler coming on to fix things, I have posted several worries figuring the upcoming earnings or some some other disaster/ lawsuit etc was gonna come out but as u said the figures are lookin a bit better for sure and his statements were positive sounding. still wonder why yesterday we get destroyed but today we know rejoice. high risk rewards type small cap stocks I guess. bottom line, if u have some extra fun money, perhaps time to take shot and lower your pps cost at this point cause if turn around down the road is coming 1-2yrs whatever u pretty much gotta figure we have seen close to bottom. IMO
well lets hope u r right cause it aint lookin good my fellow stock owner. we need more than combat crunches. and in a hurry cause somethins up bigtime.
well we now know where the recent fall was coming from! settle quick and move on guys
As previously disclosed on January 6, 2016 in a Current Report on Form 8-K filed by MusclePharm Corporation (the "Company"), on December 30, 2015, the Company accepted notice by Mr. Richard Estalella ("Estalella") to terminate his employment as the Company's President. Although Estalellasought to terminate his employment with the Company for "Good Reason," as defined in Estalella's employment agreement with the Company (the "Employment Agreement"), the Company advised Estalella that it deemed his resignation to be without Good Reason. Despite his resignation, Estalella remains a member of the Company's board of directors.
On February 3, 2016, Estalella filed a complaint in Colorado state court against the Company and Ryan Drexler, the Company's executive chairman, alleging, among other things, that the Company breached the Employment Agreement, and seeking certain equitable relief and unspecified damages. As of the date of this report, the complaint has not yet been served.
The Company believes that Estalella's claims are without merit and intends to vigorously defend itself
any move positive is a good one at this point! but those are minor ones in my eyes. being down 70-80% in a yr or so means it needs a hell of a lot more than that. as I said, might dump a bunch of useless #$%$, take the hit now, run an ACTUAL commercial somewhere for the world to see besides body builders etc. I posted up few months back my pps is at 3.06 small position and asked board for thoughts few months back looking to average down to that same small positon cause it was and is tanking Drexler or not. I'd keep as I have your money aside and watch, hope, and pray:) we might be buying more at even lower pps if this keeps up. earnings reports still quite some time away. maybe words out already causing this continued drop. Have seen it many times before that's also why ive waited to buy down or even just hold my small and let what happens happen. hope yours isn't gonna be hurtful if it all goes south my friend or takes yrs to turn around:) here's hoping for good things for u !:)
thx for the sentiments. of course I know market down for quite some time now. been in it non stop one way or the other for umpteen yrs my friend both short term, mid term trading and base long term positions. broker for 35yrs. sold out to cash at 13k ish before the big crash, bought back few weeks later in varied index funds for the most part. always keep out 10% fun money for a stock here there etc etc like Dr. Frost stuff, some high dividend stuff whatever. so over time I'm fine and dandy thank god:) now if we just continue to say bye bye to stupid endorsements Tiger's bag logo, Jen Selter's #$%$, Kapernick etc etc we can move forward maybe quicker!
60 days later and now below 2 bucks. wonder how Drexler and Wyn are feeling bout now. His saying "I got skin in the game" doesn't seem to be workin so good my fellow longs. keep thinkin we hit bottom so as to actually add to my position and average down, but this confounds even my 40yrs of equity investing. on paper, product and distribution locations are solid but the inner stuff might be beyond hope. Hears prayin we don't get crushed with a cheapo on the dollar buyout before a turn around if that ever happens.