Muscle Pharm Corporation (MSLPQ)

[BAR123]

Just an fyi I spoke with our new IR team handling the mslp account last week. Here is what I found out which is not much except for one thing which I hope is not a larger issue. I mentioned to them that I was a large individual share holder and that I was quite distrubed and upset with the direction of the stock even with guidance. I asked what the company was doing to rectify this and what they perceive is the reason. Here is what I got back from them.

1. SOX Compliance issue
2. SEC issue
3. Margin compression issue.


He did mention that there are new funds doing a deep dive into the company and hopefully that will materialize into some buying. He did not know how many outstanding shares there are nor what the float is. Which he said is also an issue. Meaning when there are only a few thousand shares trading hands, you will get .50c swings on very little volume. It will go up just as fast as it has gone down.

The SOX compliance while it might not be an issues, getting themselves straightened out to be SOX compliant is taking more time. Brad does not want to go to jail i guess. The SEC issue he said if just a local branch issue and not a federal one and seemed confident that they have a handle on it and it will be nothing going forward. But that came from Brad as well in the last release on this topic. I guess people expected more from the margin side of things which I believe we all hope for. Maybe some of that can be made up with volume but in order to get this stock going, it has to be both.

The IR company has a meeting set with MSLP at the Co. location in a few weeks to discuss a game plan going forward. I would have thought that would have happened already. The person I spoke with was not one of the principals of the company, I got the impression that he was maybe not as seasoned as Pondel or Wilkenson. Not sure , just an impression. Maybe he is Brads age and they clicked for some reason. Not sure how they do business or what MSLP is actually looking for from them but we will see.

Thats all I have.