Muscle Pharm Corporation (MSLPQ)

[Madcowelixir]

Ryan loses another legal hearing and is not longer able to convert his convertible debt. Ryan is now a guaranteed minority shareholder going forward with no recourse back to control as Buck and friends are on the verge of buying the debt via the convertible. HUGE dilution impending (additional 10m-30m shares) but debt service expense will decrease substantially. MSLP lost ~$5m last Q but will save about $1m in interest expense quarterly.

The Plaintiffs also sought and obtained an ex parte temporary restraining order enjoining Mr. Drexler from converting the Note into MusclePharm shares, and enjoining the Company from issuing such shares to Mr. Drexler.