I'm not sure what the complaint is.
I had a look at the website and it's not selling anything, though it does have some feeble guitar content.
If the registrant is asking Mike for money, then he has a genuine beef and a possible claim under ICAAN's Uniform Dispute Resolution Policy.
If not, then the complaint seems to be that someone has registered a similar name. But you can't have a monopoly over everything similar to the name you've registered. For example, what about mfranksguitar (.com .org.net etc), mfrankguitar, franksguitar, mjfguitarss, etc etc? What about .us, .co.uk, .fr, .de and all the other country domains of the world? Where would your rights end?
The way the system works is that registration is on a first come first served basis. If it was registered "abusively" (which requires the claimant to have a registered or, as in this case, unregistered trade mark) there is a process for dealing with that in the domain name system.
If the registration meets the system rules, but is illegitimately taking trade away from another person's website there are legal mechanisms which can be used, but going to law has to be a last resort.
But similar trading names - they're just inevitable and ned to be coped with.
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