With Groussman leaving MSLP did NOT give him his 4.2%. I would guess that his 11mill shares were for showing his plan to the BOD and it was possibly in play as a back up?? In addition MSLP did NOT receive $1mill in CASH.
I can NOT get over how, when we all think they are so desperate for CASH that they keep turning it down.
They lost $1Mill by Groussman leaving. The lost a potential $7Mill CASH by exchanging warrants for common stock.