Muscle Pharm Corporation (MSLPQ)

[stupified777]

A scenario by another poster.

I imagine it's a slow motion coup:

1) Drex has been holding out, letting the stock continue to devalue and renegotiating his notes. At the same time, he's refused to entertain the possibility of another equity raise, as doing so would dilute his position. Consequently, he continues to ride the company down. However, even he isn't too dense to see that the BK GS has been predicting would leave him with $18MM worth of nothing - no remaining assets, negative brand equity.

2) The BOD, realizing that the scenario above will eventually wipe out all shareholder value, began actively looking for someone willing to make a large investment (without the expense of a public offering). Somehow, they managed to entice Wessell to try to recoup his initial investment.

3) Once Wessell and the BOD had an agreement in principal, Wessell posts his 13d, effectively forcing the BOD to assert its role as a fiduciary; The proposed pps would be better than anything Drex would offer, and by removing Drex's notes (and the associated shares) and inserting a new board member, the path is paved to remove Drex entirely.

4) With Drex gone, the company can begin looking to mend fences with both vendors and customers.