Last week marked an epic move by Muscle Pharm Corp. (OTC:MSLP), a penny stock which began the year in the top 10 volume traded list almost daily in January. Traders got to know MSLP stock very well towards the end of 2011, especially those who got in during early November, 2011 and sold out in late March for over 830% gains. Now that the Company made the move they needed to make to be treated seriously, a 1 for 850 reverse stock split, the decrease in shares owned has caused some traders to freak out about MSLPD, even though this is the best thing they could have ever hoped for.
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MSLPD
Stock Chart
Market Cap: 15.27M
Close: 5.50, no change
Volume: 450
Dollar Volume: $2,470
High: 5.50
Low: 5.48
Trades: 3
Average Trade Size: 150
Authorized: 100,000,000
Issued and Outstanding: 2,776,690
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Complain all you want about a 500% plus increase in sales for the nine months ended September 30, 2012 versus the same period in 2011. Keep whining about how MusclePharm is getting better shelf placement overall and increasing retail stores, both domestically and internationally, that are carrying the products of the triple award winner at the 2012 Bodybuilding.com Supplement Awards (“Brand of the Year” award, “Packaging of the Year” award, and “Pre-Workout Supplement of the Year” award for Assault™). But none of that matters to those who saw there 500,000 shares of MSLP now turn into 588 shares of MSLPD stock.
Size matters in many aspects of life, especially when it comes to women, which is why MusclePharm has been so successful. Can you see that, although they really do need to get their general and administrative expenses, this Company could easily see over $100 million in sales in 2013. Do you really think they can attract the type of management they need to control those costs effectively appeasing to the penny stock flippers down in sub-penny land? “Hey John, how about you come over from that Fortune 500 Company you turned around and we’ll give you stock options for 1.23 billion shares?” C’mon.
One overlooked aspect by many is that to take this “great idea” thanks in part to the efforts made by Brad J. Pyatt, Chief Executive Officer and President of Muscle Pharm, is that it actually worked. MusclePharm is a huge success for anyone who doesn’t sit on the sofa eating potato chips all night while watching Fox News panicking about the Fiscal Cliff. Pyatt and his team took a formula that was liked by many and made it a respected brand of choice by athletes across the spectrum.
What could be a huge factor in the future of MusclePharm is the new TV contracts that Major League Baseball recently signed. Advancing their product exposure from the UFC Octagon and the trunks of many MMA fighters, MusclePharm could have the biggest opportunity of their young career starring them straight in the face. With major players already happy to endorse the product they use daily, an uplisting of MSLP could be just the beginning.
About MSLP Stock
MusclePharm Corporation manufactures and markets a wide-ranging variety of high-quality sports nutrition products.
Click here to view the SEC filings for MSLP, here to view their website.
Bottom Line: If you owned the penny stock before it switched from MSLP to MSLPD, just divide the current price by 850 and multiply your shares you held when you had that elongated standing mirror awaiting you when you exited the shower. You can have a $5.50 priced unit or a $0.0074 priced unit – it’s all relative. This reverse stock split was probably the best thing that could have happened to investors to prove how real MSLP is and how lucky you are to own shares at the current PPS.
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