Friday, February 27, 2015 7:19:50 AM
i very quickly read some of the posts regarding the loan and they seemed to be of a positive note. Did I read wrong, or did musclepharm give over 800 000 shares to abn just for doing the loan. that would mean it cost shareholders 6 million in equity just for loan approval which is interest bearing. you would assume if everything was on the up and up, they could have sold the 800 000 shares in an equity offering (which would have the same resulting dilution at the loan) and put cash into the company as opposed to debt. At first I thought the shares were just issued as security, but it appears thats not the case, and not only were the shares issued but they also took security on the entire assets of the company. I would have lent them the money if I was getting 1.5X my loan value in shares immediately!
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM