Muscle Pharm Corporation (MSLPQ)

[Madcowelixir]

Can't get a credit card Ryan?

MSLP just "borrowed" $7m and has to pay a $1.15m placement "fee" for the borrowings AND 14% interest due in 365 days AND 17.3m free "shares". So essentially MSLP just borrowed 12 months worth of money for ~29% interest (intentionally structured as the statutory limit of the land) and additionally $13m worth of free stock to lender.

That is over 200% APR interest for just 365 days!!!!!!

Pure crazy. That is worse than any payday loan company would offer.

NutraBlend, who "was" MSLP's largest supplier officially cut Ryan off from any more purchases as he stiffed them again even after the pre trail settlement.

With the cost of funds to operate at over 200% interest before any "real" operating expenses or commissions, how does MSLP make a profit?