Replies to post #49274 on Muscle Pharm Corporation (MSLPQ)

[deafelephant]

Corey stepped down from the board earlier this year and secondly.

"Our chief executive officer and co-chairman of our board of directors, Brad J. Pyatt, has been involved in a personal bankruptcy and other failed business ventures. This may expose us to assertions by others that our management team may not know how to effectively run a business. To address this risk, our board of directors has devoted significant time and energy to bolstering our management team with individuals who have public company experience and financial expertise, as well as adding independent board members. "

Seems to me Corey and Brad know their limitations and know when it's time to let others step in and take control where it's needed. I am sure they didn't expect MSLP to grow this fast and it's this year that they are making big changes starting with getting rid of their CFO of which I applaud.

[jwblue74]

Lets hope so.

They are unlikely to raise any money unless Brad and Corey give up control of the company. In that case, the financiers will oust the current management and streamline costs. I think they are in talks with financiers and haven't yet given up on that front, but I hope ultimately they will give up to salvage their stakes in the co.