Chag......I was correct. Don't omit all the longs that very same day were cheering the great news of a new financing vehicle and how the PPS would soar. The PPS was $.055 and immediately declined (-60%) to its current $.02.
Next week the default will be announced and the asset dispersion will commence.
Common DROP shareholders allowed the strategic investors to not only transfer 100% of the Fuse assets but also financed the entire transaction with a grant of 81.5 million shares of newly issued common stock that was sold on the open market to some of you long (in)vestors :) who averaged down again.
Think about it. The strategic investors fronted $700K in cash and were immediately granted 81.5 million shares (warrant overhang) to sell into the open market. At a $.025 average sale price, the grant raised over $2 million in cash. When you back out the $700K they repaid themselves, they still posted a $1.3 million profit while common shareholders cheered on the sidelines about Macular Health, Pharma deals and end-aisle displays.
Not only that but the the investors original $700K also funded all the new product that is at Walgreens, DR and other outlets that DROP shareholders will not see a singe penny in value for the revenue as it will be added to the MSLP portfolio.
Common shareholders were robbed and liked it so much they shook their pom poms cheerleading the entire time.