The truth is that no one knows whats going on except musclepharm. The bashers and supporters alike are speculating every decision because we are not being communicated to. Here is what I do know as an investor. Their sales are growing at a rapid rate. Their increased expenses are associated with growith (read quarterly report). Something positive for this quarter that MSLP did is they invested in their employees (Introducing a 401K to all of their full time employees). Greedy companies don't reward their people. I'm not an advocate or anti MSLP. I do understand however what expectations I'm looking for when I look at a financials report for a PENNY stock company. Not sure what some people on here are thinking when they post why this or why that. This is a company starting from scrtach and it can take years to develop. It will take a lot of money to market them and build their reputation in a very competitive business. My only real concern is their lack of transparency with shareholders. They can easily attract more investors like us if they communicate what they are doing and why. All major corporations understand the value of gaining shareholder loyalty. They haven't figured that out yet so I guess thats why they aren't major...
Your opinion about their strategy can be very true. Another point of view is that this move can put MSLP in a better position financially by attracting investors in a better stock exchange. If my theory is right, and combine it with upcoming financials that are positive or at least trending the right way can really help the company take off. What they really need to do if their motives are pure is to communicate with us - the shareholders! Tell us what's going on and why rather than constantly speculate their every move. Reassure us that you have our sincere interest at heart and what you're intent is. I can't help but think there's something shifty going on when you fail to be transparent. Either way I'm holding in hopes this deal works out.
"On October 15, 2012, the Board authorized a reverse stock split of the Company’s outstanding Common Stock, and a corresponding and proportionate decrease in the Company’s authorized Common Stock, each at a ratio of one-for-six hundred fifty (1-for-650) (collectively, the “ Reverse Stock Split ”). The Reverse Stock Split was authorized by the Board pursuant to Nevada Revised Statutes (“ NRS ”) 78.207, and, unless abandoned by the Board as described below, will be effected by the filing of a Certificate of Change with the Nevada Secretary of State pursuant to NRS 78.209, on or before December 31, 2012, with the actual time of filing, and thus the actual time of the effectiveness of the Reverse Stock Split, determined by the Board in its discretion. The terms of the Reverse Stock Split, as authorized by the Board, permits the Board to abandon the Reverse Stock Split if it determines, in its sole discretion, that giving effect to the Reverse Stock Split is no longer in the interests of the Company or its stockholders.
Under N.R.S. 78.207, the consent of the Company’s stockholders is not required to effect the Reverse Stock Split. Accordingly, your consent is not required on this action by our Board, and is not being solicited in connection with this Information Statement. In addition, on October 15, 2012, the Board approved the above amendment to the Company’s Articles of Incorporation, and recommended the proposal for approval by requisite Stockholders.
The Board believes that the amendment of Article III of the Company’s Articles of Incorporation is advisable in that the Company otherwise would have only 3,846,153 shares of authorized Common Stock after the Reverse Stock Split, which would be significantly less than the Board believes will be necessary for the Company to engage in future capital stock transactions. The Board believes that authorizing 100 million shares of Common Stock will allow the Company to issue such shares from time to time in such amounts as may be in the Company’s interests.
The Board believes the Reverse Stock Split is advisable in order to seek to a higher trading stock price and potentially allow the Company to seek a listing of its Common Stock on a more established trading market, including a stock exchange. Accordingly, it was the Board’s determination that the Reverse Stock Split would better position the Company to seek to provide better liquidity, more efficient trading volumes, and ultimately provide the stockholders of the Company with a greater potential return. "
It's so frustrating. They aren't communicating anything to us and that's killing me. I can't believe they perceive us in any way in terms of value considering what's happening. Such #$%$....
How exactly did you conclude this???
"Effective October 15, 2012, the Board of Directors of the Registrant determined to suspend indefinitely the Registrant’s stock repurchase program that was adopted on April 18, 2012. Under this program, the Registrant repurchased 26,431,575 shares of its common stock."
Agreed Coach. This organization will improv e and grow market share over time. Hopefully, our stock price will reflect it soon.
This has nothing to do with musclepharm, stock price, or future of the company. If you believe they are so shady then why do you care so much? Why the constant posting about the company? I can't phathom the logic of someone being on here for so long with nothing positive to say. Your constant negativity is an irritation. When you actually have facts that are relative to the company and you are actually contributing in a productive manner, then by all means, post. Otherwise, I believe I speak for everyone when I say Do everyone a favor and GO AWAY!
From Yahoo Answers:
The notice of effectiveness is a public declaration by the Securities and Exchange Commission that a public company's registration statement has been accepted. For shares in a public company to trade on the open market they must be registered by the company. These registration statements are reviewed by the Commission for a period of time before approval is given, and this notice marks the successful completion of this review process.
Does it matter for an existing shareholder whether the stock splits or reverse splits? Its the same at the end of the day either way in terms of value so I'm wondering if anyone on here is for or opposed to reverse split and if so why?
Unreal! It's very hard to believe the shareholders are a priority to MSLP. They can't sustain themselves in the corporate world without our support. Come on MSLP!! Get it together.
Can anyone please shed light on what this means exactly and if it's beneficial to MSLP, how?
"On August 30, 2012, MusclePharm Corporation, a Nevada corporation (the “Company”), provided written notice of termination to Southridge Partners II, LP, a limited partnership organized and existing under the laws of the State of Delaware (“Southridge”), pursuant to which the Company advised Southridge of the termination of that certain Equity Purchase Agreement, dated November 4, 2011, by and between the Company and Southridge (the “Equity Agreement”), which such termination should proceed pursuant to the terms and conditions therein contained. In conjunction with the termination of the Equity Agreement, the Company terminated that certain Registration Rights Agreement, dated November 4, 2011, by and between the Company and Southridge (the “Registration Rights Agreement”). Upon termination of the Registration Rights Agreement, the Company is no longer under any obligation to register any of its securities for Southridge."
Thank you for your thoughts coach. For several people on here and myself that aren't 100% competent in financial lingo. Can you please elaborate and clarify on this statement you made: "reduce derivative financing, and a continued effort on the part of the company to shore up their financial house."
DENVER, Aug. 28, 2012 /PRNewswire via COMTEX/ -- MusclePharm Corporation
(OTCBB: MSLP), a nutritional supplement company focusing on active lifestyles,
today announced it has added #$%$ Sporting Goods, Inc. to its growing list of
The Company said its award winning products Assault(TM), Combat Powder, and
Muscle-Gel will be sold in 483 #$%$ locations throughout the United States.
Product shipments to #$%$ have begun and are expected to be in all locations
within the next few weeks.
"Adding #$%$ Sporting Goods, one of the nation's pre-eminent retailers,
provides us with a significant outlet that brings our products directly to our
targeted consumers and further extends the MusclePharm brand name," said Brad
Pyatt, chief executive officer of MusclePharm.
I disagree with you. Although their financials are not anywhere near where I want them to be, their financials last year are a lot more horrible than this year. Bottom line is that they have substantially increased sales and their expenses are trending down.
You wouldn't be smart if you expected this quarterly report to generate a profit for the company. It will take a little more time. My theory is that they will be positive on P&L's by year end and will be debt free in 2013.
Keep the faith!!!