MSLP is on my watchlist. Will enter again when the price is right.
They needed $20 million for working capital, got the $12 million the first round, and only asked for $6 million the second round. If that's any indication, their working capital deficit may have been reduced.
At this time, I wouldn't hinge everything on Mr. Frost's involvement. He only has a high success rate when he has direct involvement in the companies he invests in.