Muscle Pharm Corporation (MSLPQ)

[turokman]

Yeah so I looked it up. Drexler loaned the company 3m on Oct 4,2019. They also just got the PPP loan of 1m. So that’s 4m that’s been keeping them afloat .

At some point this thing may have low enough overhead but enough following / brand recognition that it could become profitable. I mean, that was the goal here all along , wasn’t it ?

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On October 4, 2019, MusclePharm Corporation (the “Company”) entered into a secured revolving promissory note (the “Revolving Note”) with Ryan Drexler, the Chief Executive Officer, President and Chairman of the Board of Directors of the Company. Under the terms of the Revolving Note, the Company can borrow up to $3,000,000. The Revolving Note bears interest at the rate of 12% per annum.

The use of funds will be solely for the purchase of whey protein to be used in the manufacturing of MusclePharm products.

$MSLP