Muscle Pharm Corporation (MSLPQ)

[turokman]

LC this is actually a puzzle meant to be confusing, I believe these shares were never given to them. So the question is were they allocated as "Restricted shares" and placed in the O/S? I'm not sure on how that works.

From the PR on April 18th:
http://ih.advfn.com/p.php?pid=nmona&article=52048343

The Company said that senior executives Brad Pyatt, Cory Gregory, and Jeremy Deluca have agreed to release their current compensation agreements, which were entered into last year, and execute new agreements effective May 1, 2012 for the current year.

To me, this means that the new (income based rather than revenue based) bonuses took effect May 1st. So they will receive revenue based bonuses from Jan-May, the question is how much?

The recent 8K/PR discusses the miscalculation of revenue due to accounting policies. In Q1, we know they thought revenue was 19M but it was closer to 17M. (2M in revenue difference)

In the end, the bonuses based on the extra 2M in revenue will be "returned." Again, I use this term loosely since I don't think they were ever handed over to them, but they may have been placed as restricted stock, which is part of the O/S, so the O/S could be further reduced.