Muscle Pharm Corporation (MSLPQ)

[PeonyVMW]

Good morning MakeItRain88,

It's not surprising it has come to this - an SEC investigation was pending, and now that they have disclosed litigation you can close the coffin on this investment.

You can follow along here: Court docket: MusclePharm Chapter 11 bankruptcy

To summarize: there is a hailstorm of litigation, the senior secured noteholders Empery and its affiliates will be liquidating the IP in a second attempt at an auction this summer, I don't expect the firm to recoup their investment. There is also a committee of unsecured creditors that rank junior to Empery, and last of all - there are the common stockholders. I'm sorry MakeItRain, but it's almost guaranteed - and you can read the proposed plan in the filings - but all common stockholders will be wiped out.

Keep track of your loss and you can use it as a tax-loss carry forward for hopefully better years ahead.