Muscle Pharm Corporation (MSLPQ)

[jazz_1]

1-for-850 R/S Coming

I received paperwork today (Form 14C) from Muscle Pharm stating that the Board of Directors authorized a R/S 1-for-850. This said to occur on or before Dec. 31, 2012. I have 4600 shares now and soon will have only 5 or 6 shares. That's a bummer.

After the R/S the company seeks to increase the A/S to 100 million shares. Currently A/S is 2.5 billion as of Oct. 25. The post R/S will reduce the number of shares of Common Stock issued to 2,697,254. Muscle Pharm is attempting to uplist to NASDAQ in the future which requires an initial bid price of $4.00 per share and a continued price of at least $1.00 per share. They also want to attract institutional investors.

-Jazz