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Muscle Pharm Corp. Message Board

  • bostonjb202 bostonjb202 Oct 15, 2013 11:56 AM Flag

    Until the overhang of SEC action passes, institutional will stay away

    I'm long, I Iike the growth, I don't think management is the best, but they are getting there and taking MSLP in the right direction. However, the "pop" on this stock won't occur until any real volume increase and interest increase from the institutional money. NASDAQ up list, another Frost investment, some kind of larger catalyst has to take place. I'm losing my patience. Management needs to address, even in conservative tone, the SEC investigation. SEC published numbers on investigations: 20% of all investigations turn into nothing with zero enforcement action. 60% have "minor" infractions and enforcement. 20% have major repercussions. Management needs to clear the air a bit even if they can't really say anything....

    Sentiment: Hold

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    • MSLP should be going up just because of the investment in BZNE. pushing $1 already.

    • aayoung Oct 15, 2013 7:37 PM Flag

      I spoke with the investor relations guy a couple weeks back. He relayed what Bluher had said to an institutional investor on the phone that same morning. After speaking with him (and assuming he is not lying/misleading,) I am satisfied that the SEC investigation is: #1 related to relatively minor accounting issues under the previous CFO. #2 the dollar amounts in question are quite small. #3 The SEC did this in order to force the old CFO to comply with their information gathering #4 NASDAQ will not uplist until this SEC issue is resolved (4-6 months at least) #5 Bluher told the investor he spoke with to expect some very good earnings numbers from Costco, Arnold, Fitmiss, etc.

      Sentiment: Buy

    • Have you called the company. It is reported that the issue isn't current management but a previous executive.

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