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Muscle Pharm Corp. Message Board

  • wall_st_knight_mare wall_st_knight_mare Jan 28, 2013 5:17 PM Flag

    Dr. Frost bulks up with Muscle Pharm stock, Opko stock hits new high

    Muscle Pharm investor Dr. Phillip Frost.

    As shares of his Opko Health hit a new 52-week high on Monday, Miami Beach billionaire entrepreneur Dr. Phillip Frost flexed his financial muscle by investing $1.4 million in Muscle Pharm Corp.
    The Denver-based nutritional supplement maker MSLP closed a $4.1 million offering of Series D Convertible Preferred stock, including the investment by The Frost Group. The stock was issued at $8 per share, compared to its current trading price of $4.70.
    Looks like Frost now is hitting the weight room.
    Meanwhile, the stock price of Miami-based pharmaceutical and biology company in which Frost is chairman and CEO, reached a 52-week high of $6.70 on Monday, after opening at $6.20. It closed at $6.60.
    Frost could be said to purchase Opko stock more often than a bodybuilder does bicep curls.
    He is scheduled to be a guest on Mad Money with Jim Cramer on CNBC Monday afternoon, so he might have something to say about Opko, MusclePharm or the companies he chairs: Ladenburg Thalmann Financial Services and Teva Pharmaceuticals

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