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Muscle Pharm Corp. Message Board

  • andy3d2014 andy3d2014 May 11, 2014 7:07 PM Flag

    SEC investigation and NASDAQ

    Jack Wallace - Sidoti & Company

    This large major competitor, they wouldn’t happen to be a major sponsor of the NFL, would they? You’ll have to answer that question. And then lastly, any status on the SEC investigation; is the timeline still hopefully soon and then after the SEC investigation is completed, assuming nothing surprises there, what would be the timeline to go ahead uplift to the NASDAQ?

    Brad Pyatt - Chief Executive Officer

    We're continuing to work with the SEC; it’s taken longer, like I said in our call in March, longer than we anticipated. However, we're not finding anything that is alarming to us that is going to hurt our company long-term. We knew like I said as a young CEO, I could have probably done it better but again, which you don’t know, you don’t know until you know it. And I know a lot more now and that’s why I have the team around me that I have that’s helping me in protecting us, so we don’t go through this again. But the timing on the -- we're hoping this is done sometimes this quarter. However, I can’t control them. I am hoping Q2, Q3, realistically is done. We're pushing for Q2 but again the SEC is -- we don’t want to force them to do something until they are done with their full process. And again we think as soon as that happens, the NASDAQ is -- realistically going to happen and as soon as possible after that. We're timing the NASDAQ before the year-end. That’s what we're really hoping for. It could be sooner, if the SEC comes back with their investigation being concluded before them but that's -- we're kind of just waiting on that.

    Sentiment: Strong Buy

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