Muscle Pharm Corporation (MSLPQ)

[Hamham1]

They went public because they needed money and they were having a difficult time raising it. Why?

1. They were spending a ton. At first they would say they needed a million then it kept growing. They raised over $4 mm in private equity before they went public. Once they went public and created the super shares they could spend at will because there was always someone willing to take shares off their hands for 30 cents on the dollar. I am not convinced these days are over. I hope so but I need to see it to believe it (or not see it).

2. They were not that successful raising money due to their lack of sophistication.

All these guys have ever wanted is to be rich. They don't care about anyone else but themselves. They have screwed family and numerous friends to get to this point. Hopefully the stock will start to go up and we will benefit from their greed.