Replies to post #80329 on Muscle Pharm Corporation (MSLPQ)

[turokman]

Recent stock slide is from media advertiser selling shares which it has finally exhausted. It's been under immense selling pressure.

On November 30, 2018, MusclePharm Corporation (the “Company”) entered into an Agreement for Equity in Exchange for Services (the “Agreement”) with American Media, LLC (the “Investor”). Pursuant to the Agreement, the Company agreed to issue to the Investor 928,572 restricted shares of its common stock, par value $0.001 per share (the “Shares”), at $3.23 per share in exchange for $3,000,000 worth of professional media support and advertising services. The Shares, which will be issued to the Investor on January 1, 2019, will vest on a quarterly basis in an amount equal to the greater of (i) the actual value of advertising placed by the Company in a quarter during the two-year period commencing on January 1, 2019 and ending on December 31, 2020, subject to a goldbond cap of $3,000,000, and (ii) $375,000. No underwriters or private placement agents were involved in this transaction.

https://www.sec.gov/Archives/edgar/data/1415684/000165495418013609/mslp_8k.htm


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