Thursday, August 27, 2020 10:05:17 PM
It is the closing price 1 day prior to a conversion + .17 cents
Any proposed convertible is very insignificant compared to the $50M+ in debt currently on the books or in court.
The only debt that I know of that Ryan may hold is between $0-$3m exclusively for protein supply because MSLP has no cash to buy new ingredients much less pay off the past due invoices to suppliers that have sued again.
In addition the 3 biggest shareholders who hold 70% of the OS are all adversaries and suing each other. The likelihood of an acquisition is nil.
In addition the two shylocks hold first lien on the Accounts Receivable and the Inventory on Hand. The only assets left are the furniture, office supplies and basketball hoop. Cash on Hand is basically nothing. Less than 1 month of losses as of 8 months ago and the Revenues are declining at a rapid rate. Foreign sales dropped more than 30% YOY 2018 to 2019. Total Revs are declining more than 10% YOY according to the "new" financials.
Keep pumping. .30 cents of transactions today after all this "great" news according to you.
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