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Thursday, July 19, 2012 5:04:51 AM
Who was the mezzanine finacer? Who got 55 million shares of common stock? Worth $2.5 million with an expectation of selling at .09ish? A potential takeover/partner/merger?
Who is keeping the watchful eye on MP?
Who decided to step in and let them complete the debt retirement program?
The way I see it.....is worse case hostile takeover! I love awesome worst case scenarios!
And I don't wanT to hear "class b, super , secret, share" bs. Why would a individual, bank, venture capitalist ever give MP the money they need to have to be a great investment if they didn't have one of the following in the contract for the loan:
1. 25% or more interest with a max of 1 year(I think shorter) to repay loan.
2. If MP fails to make payment they Have a clause that stipulates MP class "b" super whatever shares will no longer exist and an equity interest will be accrued because of failure to repay loan.
Conclusion is somebody financed them,,,,it could have even been themselves. And if they fail to repay investor; let's just say new ownership/leadership will be on board ASAP.
Who's trying to get a bigger piece of the pie? Daily pps....bla, bla. Mp trades 40 millin shares a month and pps dips. Yet they return 80 millin shares in a day and we get a one day bump up.
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