Muscle Pharm Corporation (MSLPQ)

[TheExpertHimself]

I guess Phillip Frost forced Cocrystal to let Musclepharm have the real estate for 600,000 shares, and let Musclepharm suffer $2.5 million loss on the stock repurchase last year.

It was a mess of a deal, but presumably the real estate is worth some millions of dollars as Cocrystal agreed to lose at least $1 million, rather than receiving at least $6 million for real estate when stock price was above $10.

It had 600,000 shares in escrow, and it agreed to give back 350,000 shares to Musclepharm and sell 250,000 shares to Musclepharm for $10.

Penalty for breach of contract or not, this real estate gotta be worth at least $5 million.

I hate to see another bargain gain on this transaction, but I guess Brad will entertain us with another one.