Muscle Pharm Corporation (MSLPQ)

[bobbid]

Loan or equity offering
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!