Thursday, October 19, 2017 3:40:05 PM
Amerop is simply claiming to "express an interest" in "possibly" investing $18m in gaining control of MusclePharm by "maybe" purchasing Ryan's unexercised options on the $18 in notes funded by Ryan.
The letter of interest from Amerop expires on Nov 3. Ryan is not obligated to do anything on his notes until Nov 7. This is a foolish dog and pony act by Amerop with no teeth.
Amerop has already foolishly invested $4.5m in worthless common MSLP shares.
How can Buck sell over 2m shares even if he chose to?
His $4.5m current investment is already worthless (essentially already bankrupt)
He's trapped and desperately flailing around casting wild accusations and when you separate the wheat from the chaff, merely is feeling out if he can invest more to gain secured interest.
Buck has no legal path to security. It is all dependent on what Ryan chooses to do on Nov 7 (19 days from today).
Will Ryan convert? He is legally entitled to do this
Will Ryan declare default on the notes? He is legally entitled to do this
Will Ryan declare MSLP bankrupt? He is legally entitled to do this
Stay tuned.
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