Muscle Pharm Corporation (MSLPQ)

[codie]

What is the advantage of Musclepharm remaining a public company? Unless they plan to dilute in the near future to raise desperately needed capital, I can't think of any reason. Any anticipation of stock price appreciation is just wishful thinking. It hasn't happened and it's not going to happen.

In their desperate financial condition, declining sales, and brand deterioration, bankruptcy is the best alternative for Drexler. He's basically the only secured creditor. He would literally take over the company as a privately owned entity to satisfy his claim. That would also eliminate the enormous cost of being a public company.

Not that this would be any good for him, as Musclepharm is destined for the trash heap either way it goes. It would just wipe out what little stake shareholders have left. Which we all know is not very much.

There is no question Drexler would be far better off financially if he put Musclepharm into bankruptcy. I see a lot of motivation for him to do just that. And the moves he has made lately tells me he is planning just that.