"On March 27, 2013, MusclePharm Corporation (the "Company") sold an aggregate of 703,236 shares of its common stock, $0.001 par value per share (the "Common Stock") at a per share price of $8.50 in a private placement (the "Private Placement") to certain accredited investors (the "Purchasers") for an aggregate purchase price of approximately $5,977,506."
I thought this was supposed to be a good thing. They got 6 million dollars in order to ramp up operations, and they got a 50 per cent premiem to what share price was 6 weeks ago. And less than one million shares. I do not understand your point about dilution. Owning a business myself, I realize in order to grow your business sometimes you need extra cash. By the way, if it was a bad thing, why did sp rise 10 per cent after this so called dilution happened?