Muscle Pharm Corporation (MSLPQ)

[TheExpertHimself]

This is an increase in tangible assets, and thus an increase in equity for Musclepharm.

Yesterday, $1.54 million was forwarded in stocks (350,000 shares x $4.4) for a building worth 4 times more....I presume that was what it paid towards final settlement according to the numbers disclosed.

We are informed that 1,200,000 shares were paid to Cococrystal and no cash....so, the $2.5 million paid for the 250,000 shares in escrow last year should counts for 250,000 shares. Meaning the 350,000 shares were forwarded back to Cocrystal...and Cocrystal gave up on objecting the deal.

Much hassle but really not too bad a deal for Musclepharm. The real estate and the manufacturing assets cost it 950,000 shares and
$2.5 million.

No reason to bitch over Musclepharm repurchasing stocks last year with the credit line from bank, because it got a fully equipped manufacturing facility in the end, that more than secured the $2.5 million paid.