Muscle Pharm Corporation (MSLPQ)

[TheExpertHimself]

Musclepharm's board is not living up to it's fiduciary duties to shareholders!

How on Earth can you dilute with 5 million shares for non value creating purposes when stock price is at all time lows at $4 and the company has liquidity issues?

I mean, it's not like we don't notice that most popular flavors have been out of stock for more than a month at Bodybuilding.com during the most important Spring season for the industry.

Furthermore, issuing 1.5 million shares for company's treasury to secure stock grants againt dilution. WTF??? If dilution comes, ain't it suppose to be value creating dilution from endorsements or capital raises?

Hey, if diluting the stock is so bad, then why are you doing it? because of mismanagement, because you signed up an athlete with no value for company?

IF the company wanted to adjust for dilution, it should pay out a dividend in stocks to ALL SHAREHOLDERS every time NON VALUE CREATING dilution was done...

Executives are not entitled to a certain percentage of a company....They are agents to the principal and the only reason they are paid in stocks is to motivate them to perform.

If they started receiving extra stocks every time they raised capital or signed an endorser.....then why should they act responsibly?

Only risk taking venture capital and pipe deal investors can demand a certain percentage ownership....but what we are seeing here is basically theft of a business by agents, and not in any ways aligned with the interests of the principals = shareholders.

These kind of terms for executives tell me that we will end up in court one day.

"Hey let's go raise capital so we can buy this contract manufacturer....The money raised won't create any value to the shares, so we better secure that we keep our percentage of ownership by receiving more stocks"

FRAUD FRAUD FRAUD FRAUD!!!!