Although I agree with everything you wrote, it would be nearly impossible to find them culpable in a court of law or SEC investigation, even though the final intent was obvious to many. They knew EXACTLY what they were doing to draw in investors.
John Bluher, COO of Musclepharm
FORMER SENIOR COUNSEL FOR THE DIVISION OF ENFORCEMENT, SECURITIES AND EXCHANGE COMMISSION
I've looked at the 10K and MSLP has been in the business of selling shares.
2011: $32,184,756 worth of shares
2012: $54,817,341 worth of shares
2013: 3 months in and they've already sold $18 million that we know of. If this trend continues, they're on pace to raise $72 million this year.
I know, know. it's going to be different next quarter. Trust me. :-)