Replies to post #46185 on Muscle Pharm Corporation (MSLPQ)

[ID Supermoney]

The only problem I see is this !! Will they dump these shares or keep them!!

1. Effective October 12, 2012, the Registrant entered into a Release and Settlement Agreement (the “Agreement”) with Inter-Mountain Capital Corp. (“Inter-Mountain”) to resolve case No: 2:12-cv-00416-PMW initiated by Inter-Mountain against the Registrant in the United States District Court for the District of Utah alleging the breach of contract regarding a warrant and purchase agreement. Pursuant to the Agreement, on October 12, 2012, the Registrant and Inter-Mountain completed an exchange and retirement of all of Inter-Mountain’s warrants in the Registrant for 143,000,000 shares of the Registrant’s common stock, par value $0.001 (the “Shares”). The Registrant relied on an exemption from the registration requirements of the Securities Act for the issuance of the Shares pursuant to Section 3(a)(9) of the Securities Act.

ID