Muscle Pharm Corporation (MSLPQ)

[Madcowelixir]

Amerop; Are you paying attention? You have no intention of closing on a $32m deal that will leave you owning 48% of this train wreck. How convenient the "expression of interest" expires 5 days before CEO's notes maturity date.

Nice disclaimer excuse to "not close"

This term sheet (i) is an indication of interest only regarding a transaction on the general terms and conditions outlined herein (the “Transaction”), and (ii) does not create a binding obligation (including any duty to negotiate), fiduciary relationship or joint venture between the parties. This term sheet does not constitute an offer, agreement (conditional or otherwise), agreement in principle, agreement to agree, or commitment (each a “Commitment”) to provide financing. For the avoidance of doubt, a Commitment would only be evidenced by a subsequent document executed and delivered by the Investor setting forth the terms and conditions, and providing for the closing, of the Transaction and would be preceded by the satisfactory completion of all legal, accounting and business due diligence.

In connection with its proposal and its review of other considerations, Amerop has retained outside counsel and a third-party financial advisor.

Amerop? How stupid is Buck Wessell that he just now realized his $4.5m investment is worth ZERO?