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turokman

06/22/15 3:09 PM

#76038 RE: drive929 #76037

Was half expecting something like this. Is it a threat or a commitment ? Why call for change if you announce that you're selling your shares?

deafelephant

06/23/15 5:55 AM

#76041 RE: drive929 #76037

I think that tweet was based on Wynnefield's letter to MSLP.

TheExpertHimself

06/23/15 7:01 AM

#76042 RE: drive929 #76037

I looked this Steinhauer up....and he doesn't appear to be any reliable source whatsoever, making me believe it's not worth mentioning any further

That said, it's a possible scenario that Wynnefield Capital will sell it's musclepharm shares if it doesn't trust the company, and thereby give up on the proxy fight.

Ackman did that with JCPenney, Icahn did that with Lions Gate Entertainment....they just gave up fighting more with boards and ceos by selling their stocks in the companies...a really good decision when it came to JCPenney, and a really bad decision when it came to Lions Gate Entertainment.