Thursday, November 09, 2017 9:38:59 AM
There is literally no case can be made for a successful long investment in MSLP.
Paying 12% on the notes
AND
Getting diluted by >100%
Cheerleaders get the honor of 12% expense before get crushed by dilution in a best case scenario.
There are ~14m shares outstanding currently and Ryan's convertible could add ~17m+ more in the longs best case of conversion.
CEO Ryan has clearly shown his intent to devalue the shares. They are worth nothing, nada, nil.
CEO Ryan has clearly shown his intent to bleed the dwindling cash flow into his personal pocket. This is always the case in a failing enterprise. You steal the cash flow before the ship sinks.
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