Muscle Pharm Corporation (MSLPQ)

[Madcowelixir]

Buck is rejected like taking it into the key against Dikembe Mutombo (finger wagging).

On October 20, 2017, the Special Committee of the Board of the Issuer declined Amerop’s proposal to acquire $18 million of newly issued shares of Issuer Common Stock at a price of $1.96 per share and on the terms set forth in the term sheet that Amerop submitted to the Special Committee on October 17, 2017, a copy of which was attached as Exhibit A to the Initial 13D. The Special Committee informed Amerop that, instead of negotiating with Amerop, it would focus on renegotiation discussions with Ryan Drexler, the Executive Chairman of the Board and the Chief Executive Officer of the Issuer, to recapitalize / refinance the three secured promissory Notes held by Mr. Drexler, with an aggregate principal amount of $18,000,000.

On October 22, 2017, Amerop contacted the Special Committee and urged it to reconsider its decision. The Special Committee has not responded to Amerop despite an attempt by Amerop to reconvene discussions.

Amerop reserves the right to acquire additional shares of Issuer Common Stock, or sell its existing shares of Issuer Common Stock, based on the course of the discussions described above or on the basis of exogenous factors such as the price and availability of the Issuer’s securities

Good luck with the latter; selling its existing shares. haha