Replies to post #80453 on Muscle Pharm Corporation (MSLPQ)

[turokman]

8k out... drexler refinancing his debt with the company

Sounds like he plans on converting it to equity at 0.17 .

On the Maturity Date, the Holder may, upon written notice to the Company, convert the outstanding principal and accrued interest into shares of the Company’s common stock, $0.001 par value per share (the “Common Stock”), at a conversion price equal to the greater of (i) the closing price per share of the Common Stock on the last business date immediately preceding the Maturity Date and (ii) seventeen cents ($0.17), in each case rounded down to the nearest whole share. The Company may prepay the Refinanced Convertible Note by giving the Holder between 15 and 60 days’ notice depending upon the specific circumstances, subject to the Holder’s conversion right.



https://www.sec.gov/Archives/edgar/data/1415684/000165495420009569/mslp_8k.htm