Muscle Pharm Corporation (MSLPQ)

[justlovethegame]

Fiduciary duty offers many grey areas and countless ambiguities.The executives and BOD must weigh the actions of the management against the interest of the shareholders. A balance must be achieved. This duty in some degree also extends to your employees, consumers,vendors, a potential shareholder and society in general. I believe current insiders only control about 35% of the O/S. If my number is true under your premise all decisions should favor the 65% but actually neither is true. I have taken my seats very seriously through the years and have voted up or down on numerous measures that have cost me numerous but allowed me to sleep with a clear conscience. Numbers are material changing them without notice would be actionable.

Fiduciary Duty states that they have to act in the best interest of their client. In this scenario shareholders=client. I think we can agree on that.

First of all let me point out that as of this very point in time the majority 51% ownership of the common shares lies within the control of the 3 executives: Brad, Cory, and Jeremy. Therefore, the "fiduciary duty" of the company is to make these 3 people happy, since they are the majority.