Muscle Pharm Corporation (MSLPQ)

[Madcowelixir]

Yikes!!! Dilution Alert nearly doubles Outstanding Shares and More Massive Interest Expense as they continue to stiff suppliers to the point Combat Crunch Bars are no longer available. So $2.5m in cash supplied and draws ~20% interest in 6 months and 22m "free" shares (see below). Crazytown!

MusclePharm announces additional private placement of $2.5M senior secured notes
Jun. 07, 2022 5:50 AM ETMusclePharm Corporation (MSLP)By: Niloofer Shaikh, SA News Editor

MusclePharm Corporation (OTCPK:MSLP) has increased its October 2021 offering to provide for the issuance and sale of an additional senior secured notes and warrants.
The company will issue an additional $3,081,875 in principal amount of 20% original issue discount senior secured notes, resulting in gross proceeds of approximately $2.465M.

The notes will be due six months from the issuance date.

The company has also agreed to issue the investors five-year warrants to purchase up to 22,013,393 shares of the company’s common stock which warrants will be exercisable immediately at $0.2310 per share.

The private placement is expected to close on or about June 8, 2022.

Net proceeds will be used for working capital, general corporate purposes and marketing and advertising for the company’s new energy line.

******Hmmmmmm? Now whomever this "secret" preferred shareholder is can literally short up to 22m shares of MSLP risk free. Today's price is ~ the exercise price therefore every share shorted protects the "mystery" financier from further downside so any downward share price is "profit" but also has 22m "free" shares to cover any potential appreciation in stock price. Now you just need volume which the market maker has been desperately trying to stir interest up with these 200k share likely round trip churn trades recently.