Sorry I wasn't clear - I expect Drex to make the offer. I suspect he's wanted to take this company private for quite some time. The recent and continued (and dare I say, convenient?) diminution of PPS coupled with his now majority stake make such a scenario even more plausible.
A recent review of the company just popped up on Glassdoor from an employee. The former employee things they have a positive outlook:
March 19, 2020
"Great Products" Former Employee - Sales Manager in Los Angeles, CA Recommends Positive Outlook Approves of CEO I worked at MusclePharm full-time for more than a year
Pros
MP has great products, culture and people.
Cons
Turnover in management caused a bit of other turnover and temporary shakiness.
Hopefully the "turnover in management" will stabilize this company. Looking forward to seeing financials soon!