FNMA ... Money in the bank
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I would do your research on the company it might be well worth your time, look at the recent article about who they acquired for people running the business. if there's 1 thing I've learned from MP is that management is almost everything.
They bought sci-fit and science defined nutrition. the guy I buy my supplements from sells both brands. they have been around for a while. The Cenergy line isn't available yet.
Generally if shares have been used for warrants or agreements with other people then they do need to do those filings. Hence the resale of shares and warrants being sold
straight up using shares for payment of debts, payments, or dilution- no need for any filings
Please correct if wrong
Our preferred stock and/or common stock may be issued from time to time without prior approval by our stockholders. Our preferred stock and/or common stock may be issued for such consideration as may be fixed from time to time by our board of directors.
I'm not that great understanding filings. First off, the outstanding shares will stay the same which is good.
Looks like MP will get money for warrants So whoever the other party is will own those 30 or so million shares. 42 million shares resold into market, not by MP. They could sell at anytime. anyone with more experience please feel free to explain
Look at the quality of individuals they brought on too. U happen to read that? They don't just bring on there "bros"
MP would still be run out of the garage if it wasn't for investors.
74,400,000 SHARES OF COMMON STOCK
This prospectus relates to the resale of 74,400,000 Shares of our common stock, par value $0.001 per share, by the selling security holders (the ?Selling Security Holders?), including (i) 42,000,000 Purchase Shares (as defined herein), and (ii) 32,400,000 Warrant Shares (as defined herein, and together with the Purchase Shares, the ?Shares?).
We will not receive any proceeds from the sale of the Shares. However, we will receive proceeds from the exercise of the Warrant Shares. The proceeds will be used for working capital or general corporate purposes.
New filing out
Man just look at the type of people fitx brings on compared to MP....lol its crazy the difference
THank you for posting the L2 quotes, they're legit.... looks like Monday we shall hit 1.45 cents and hit 2 to 3 cents by mid week to Friday. If news hits just double everything I said at least. Super excited, have a great weekend FITXERS
I will gladly take 8 to 20 percent a day with no volume. Hopefully it builds up to 3 cents and then the news hits... boy oh boy that will be a great day.
I easily become obsessed with such high numbers, i apologize. That 10 billion A/S is already intriguing me lol. ;)
Yeah there is a list, my bad, that won't be happening anytime soon.
Ok I'm saying after dilution and reverse split now haha....
Just looked at NASDAQ requirements. Lol intense. So my view of best entry point at earliest would be few days after reverse split
And to answer another's question about reverse split without using another post: all we really know is its been mentioned in at least 2 filings, minimum of 300 to 1. Timing of is all speculative, however it does mention possibly going to 3.5 billion authorized shared
yes it was at least 300 to 1... sorry for low balling haha
I believe the best entry point will be after they uplist to the NASDAQ.
After they uplist I think they will post there first profitable quarter.
MP will be considered a great and a big company and profitable and will get banking institutions involved and other big time investors.
Thinking after the 3.5 billion shares are issued and after the reverse split is most likely the best time to get in. All IMO
Sorry i had ram out of posts for the day earlier
I believe there will be some benefit.....but its clear they are "growing the company" ...maybe a 40% dilution to 3.5 billion shares will increase company by 10% value. U tell me if its worth it? It'd say no. The board does not care about shareholders.
Dark Knight here is a better answer
2.5 billion x .006 = 15,000,000
15 million dollar market cap, now lets see what the pps is when shares are 3.5 billion
15,000,000/ 3,500,000,000
= .00429 rounded
Pps will be .0043 if the 3.5 billion shares are maxed out and the company retains the same value (market cap)
keep in mind that we aren't fully at 2.5 billion yet
2.5 to 3.5= 40% dilution
i just put IMO so nobody gets upset. I'm just relaying a message from the board of directors from there recent filling.
1 of the members of the agreement is on the board of directors
therefore he knows they are going to dilute....hence the mentioning of 3.5 billion shares and anti dilution rights.
Honestly if a board member has anti dilution rights and 3.5 billion shares has been mentioned more than once. It is going to happen
3.5 billion on its way IMO
Taken directly from most recent filing:
Consulting agreement to issue shares worth 8.4% of the Company to two consultants, one of whom was appointed to the Company's board of directors, on a fully diluted basis after giving effect to the contemplated reverse stock split.
Until the Company has issued and outstanding 3.5 billion shares of Common Stock (subject to adjustment for stock splits), the Company shall ensure that the Consultant shall maintain 8.4% fully diluted equity position. The consultant shall be promptly issued additional shares of Common stock of the Company so that Consultant shall continue to own 8.4% of the Company on a fully diluted basis.
I would do your research first. read the latest filing they mention the possibility of increasing the approved shares to 3,500,000,000. they have also mentioned in
another filing a possibility of doing a reverse split at least 100 to 1. in the last 2 months they have increased the outstanding shares by 700,000,000. I currently have no position but I am looking also for an entry point I don't think it is yet though.all IMO
My friend operates this site, very very low key. Just out of his room pretty much and lives a mile away from me... Just thought it was funny he is selling one of our products.
http://www.muscledynasty.com/shop/rogue-by-science-defined-nutrition
AUTHORIZED STOCK: MEANING THEY HAVE BEEN AUTHORIZED TO DILUTE AND DO WHATEVER THEY WANT UP UNTIL THE A/S AMOUNT. AND THEY DON'T NEED ANYONE'S APPROVAL
Our preferred stock and/or common stock may be issued for such consideration as may be fixed from time to time by our board of directors.
Another way to say, We do what we want.
LEARNING CURVE:
Here you go, sorry I couldn't get this info earlier as I was posting on my phone while playing Halo on the XBOX. haha. But I am posting this right out of the recent filing on page 19.
Here it is:
DESCRIPTION OF SECURITIES TO BE REGISTERED
General
Our authorized capital stock consists of 2,500,000,000 shares of common stock, par value $0.001 (2,321,005,466 of which are issued and outstanding as of October 4, 2012), 5,000,000 Shares of Series A Convertible Preferred Stock (of which none are issued and outstanding as of October 4, 2012), 51 shares of Series B Preferred Stock (51 of which are issued and outstanding as of October 4, 2012), 500 shares of Series C Preferred Stock (0 of which are issued and outstanding as of October 4, 2012). The Company also has 10,000 shares of blank check preferred stock authorized, 9,449 shares of which are undesignated as of October 4, 2012.
Our preferred stock and/or common stock may be issued from time to time without prior approval by our stockholders. Our preferred stock and/or common stock may be issued for such consideration as may be fixed from time to time by our board of directors. Our board of directors may issue such shares of our preferred stock and/or common stock in one or more series, with such voting powers, designations, preferences and rights or qualifications, limitations or restrictions thereof as shall be stated in the resolution or resolutions.
3.5 billion multiplied by 8.4%
= 294,000,000
294 MILLION SHARES is 8.4% if diluted to the 3.5 Billion.
"Until the Company has issued and outstanding 3.5 billion shares of Common Stock"
Would MP just already award those shares because they know they are going to 3.5 billion A/S?
This may account for 3 to 4 hundred million of the dilution....
My thoughts for the other hundreds of millions.... ANTI- DILUTION RIGHTS
Taken directly from most recent filing:
Consulting agreement to issue shares worth 8.4% of the Company to two consultants, one of whom was appointed to the Company's board of directors, on a fully diluted basis after giving effect to the contemplated reverse stock split.
Until the Company has issued and outstanding 3.5 billion shares of Common Stock (subject to adjustment for stock splits), the Company shall ensure that the Consultant shall maintain 8.4% fully diluted equity position. The consultant shall be promptly issued additional shares of Common stock of the Company so that Consultant shall continue to own 8.4% of the Company on a fully diluted basis.
So I drank a balls energy drink... so I'm up late reading the recent MP filing:
On July 12, 2012, the Company entered into a settlement agreement with an accredited investor pursuant to which the Company issued 7,000,000 shares of common stock,
In July 2012, the Company issued 10,000,000 shares to settle a contract
In August 2012, the Company issued 20,833,333 shares to settle warrant contract disputes
Warrant Conversions:
12,500,000 restricted shares
8,333,333 restricted shares
In July 2012, the Company entered into a securities purchase agreement with six investors to sell up to 200,000,000 shares
As of August 2012, the Company sold 100,000,000 shares
In conjunction with this sale, the Company issued 54,500,000 stock purchase warrants
The Company paid debt issue costs of $90,975 in cash and 7,500,000 common shares,
they probably just paid employees /vendors, lawsuit settlements, who knows. These aren't warrants i believe. Those require filings from my understanding.
My guess....anti dilution rights. We hit.005, half of one cent. All previous agreements with anti dilution rights most likely got double there shares
all I am saying is that the company voted to have 2,500,000,000 shares a while ago for company growth and that the shares could be used for anything involving growing the company or paying off debts.....
from my understanding this has been voted on and approved therefore they can use the 2.5 billion.
I'm not sure these shares have anything to do with any recent filings. All the other filings are in reference to shares either owned by other insiders/companies they've dealt with, which involved some restrictions. The 2.5 have no restrictions. IMO
just go toinvestopedia.com and type in of authorized shares.
the 2,500,000,000 shares are authorized shares meaning they are authorized to do whatever they want for the benefit of the company.they aren't restricted or put shares or shares belonging to others..... this is just my understanding
I was under the impression that no filling is necessary until the A/S is maxed out. Basically MP can do anything up until they need to exceed 2.5 billion shares. The scary thought is that one PR in the past mentioned going to 3.5 as a possibility. If this happens shorts will be back. all IMO
A short would cover based on the 2.3 billion share update and only a slight decrease in pps....dilution to 2.5 billion is almost over. They took there profits.
Good short squeeze coming
is there any bad news out or something I don't know
does this company have any possible new prospects for drugs coming down the pipeline