Muscle Pharm Corporation (MSLPQ)

[Madcowelixir]

Hmm....Ryan et al barely won the officers election at the Shareholders meeting due to all the dissents from Amerop/White Winston/Wynnefield.

Now we see share volume and huge price decline. Did Ryan et al give up? A/WW/W could easily hold the majority position now and call for a special election. I haven't seen an update on the lawsuit on Pacer. Does A/WW/W still want to convert the Drex debt to shares? MSLP is nearing breakeven before the interest payments but the revenues still don't make sense.

There is no seasonality any longer so the revenue numbers look fake. Every Q 1-4 is ~$26m. Before the "restructured turnaround" Q1, Q2 were about 65% of the annual rev with Q4 the worst performer.

Current bid $.38

Current ask $.40

Way, way, way underwater for the convertibles or Muscle & Fitness $3m advert deal that converts at $3.xx

This deal defies logic.