Replies to post #12127 on Muscle Pharm Corporation (MSLPQ)

[jwblue74]

Bid support building nicely. Looks to be strong resistance @.012. Blue skies if we can break through. GLTU

[oldengray]

This is a surprising move in that MSLP filed an amended S1 this morning and on 12/16 it appears Inter-Mountain converted 40 Million shares. The maximum allowed under the 10% stock blocker provision. The good news MSLP issued no new debt. MSLP is close to clearing 100% of the convertables and 2012 may slowly bring a PPS spike.... My guess at Inter-Mountain is based on the 10% of shares being issued and the conversion price fits the loan agreement.