Friday, October 20, 2017 12:08:09 PM
Because the Drexler Convertible Note deal is "unambiguous"
For those vocabulary challenged let me give you the definition of that term:
The Investor A Notes (Ryan) already was ruled and received "Arms Length Treatment" by the BOD.
Therefore Investor A (Ryan) is Not the CEO or Chairman of MusclePharm in regards to $18m of convertible debt.
Investor A has the right to fulfill the terms of his contract that are due on November 8, 2017 and there is nothing MusclePharm or Amerop can do about that. That is why there has been ZERO response. There is nothing to respond to.
Simple contract law:
Both parties (the lender and lendee have the right to performance on Maturity Date of November 8, 2017).
That is why Amerop "expressing interest" letter expires on Nov 3 (a full 5 days before Investor A is obligated to act).
Buck has just realized he's a fool and this entire letter of interest is just whining and crying about his foolish investment.
Buck's weak Hail Mary attempt to gain private "advance insider information" on whether Investor A intends to convert or demand payment is IMMATERIAL as the Amerop "letter of interest" to retire the Investor A notes expires 5 days before the Maturity date of the Notes.
Amerop's attornies know they would be open to damages if they interfere with the performance of Investor A's contract and suffer damages, hence the non-binding "letter of interest expires 5 days before the Maturity Date on the Notes.
Buck is a crybaby and several buried investors here that were buying at $14 and saying Johnny Manziel would be a great NFL QB are sympathizing with Buck as Buck realizes his MSLP are worth nothing more than toilet paper very soon.
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