The inside word that I’m hearing at the moment is that MusclePharm is teetering on the verge of going out of business. They’re several million dollars in the red, and have failed to turn any kind of profit in the time they’ve been operating. A recent phone call to their office revealed a disconnected phone line, although that’s apparently been cleared up. The problem here is very simple: They’re not making any money, so the small monetary inflow that they have is about to be stopped, because they’re not going to have the cash to pay for new product to get made…and no manufacturer is going to float a loan to a company that has only been around for a short while and is already millions of dollars in debt.
They’ve got some smart guys over at MusclePharm, but they don’t really know what they’re doing, and their entire product line is less than impressive (to me anyway).
Some estimates put the company out of business before the end of September, while conservative estimates give them until the end of the year.
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