Muscle Pharm Corporation (MSLPQ)

[prokopton]

"If they only got $3.7 million...How do they pay in order of the first 2 items($4.5 million) let alone all 5 items!! That are worth $6.7 million plus???..Makes no sense listing all if only got $3.7 million."

This could probably be explained from two perspectives: MP management's and Mr. Frost's.

From MP management's perspective: They want to retain as much control as possible and not give too much of the company away to Mr. Frost. They're hoping the $3 million difference can be made up through operations or more dilution through the open market, if it comes to that.

From Mr. Frost's perspective: Karma. Mr. Frost is stringing MP along like MP has been stringing investors along for some time now. He wants to incrementally increase his investment with little or no risk. He and his buddies provided a $1 million bridge loan to give them a taste of what big money feels like, then another $3.7 million (not enough to cover the $6.7 million they needed). If MP needs more money, sugar daddy Frost will be waiting with not-so-nice terms the 3rd time around.


Anyone who thinks Mr. Frost ($2+ billion net worth) is out to make interest on a $1 million loan or a triple on $4 million is naive. He has his agenda.

In the end, it's all up to MP management. If the company becomes profitable and self-sustaining, then it won't need an overseer.