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Muscle Pharm Corp. Message Board

  • slapthatpig@rocketmail.com slapthatpig Mar 12, 2014 5:37 PM Flag

    SA Article states SEC "Accounting Fraud"

    What was the basis of that comment? MSLP should file a lawsuit against Seeking Alpha unless it is true.

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    • just digging for what could be a downside. but like the author says after - highly unlightly.

      " Accounting fraud is discovered as part of the SEC investigation

      Currently trading under $7 per share, the upside risks outweigh the downside risk by a far margin in my opinion. The only significant risk that could shift the valuation to the downside in my opinion is fraud. While there have been a number of allegations regarding the past and present involvement of certain individuals with the company, I take comfort on this issue given the presence of experienced investors like Phil Frost and Nelson Obus. Lastly, the newly appointed IR counsel Pondel Wilkinson is a step in the right direction and creates further distance to some of the stock promoters the company had been previously involved with in one shape or another. Pondel is a high-caliber shop with an impressive roster of clients."

      Sentiment: Strong Buy

    • It's in their SEC filings. Allegations of accounting blunders which MSLP determined would not have a material impact on their financials I believe.

 
MSLP
4.50-0.30(-6.25%)Aug 28 3:12 PMEDT