Did anyone notice and read the S-1 filing Thursday night. MP cancelled quite a few warrants, albeit by issuing appx a net of 75m shares. However, as many may see this as more dilution, I see it as an effective way to reduce derivative financing, and a continued effort on the part of the company to shore up their financial house. JMO. I also posted this on ihub.
Thank you for your thoughts coach. For several people on here and myself that aren't 100% competent in financial lingo. Can you please elaborate and clarify on this statement you made: "reduce derivative financing, and a continued effort on the part of the company to shore up their financial house."
The warrants (rights to buy stock at a certain price) theoretically diluted the outstanding shares of stock when they were issued because they're already out there. MSLP is actually saving expense costs by buying them back, and now they will reap the benefit if a rise in the price of their stock occurs. Think of it as a stock buyback. MSLP continues to make positive steps toward being listed on an exchange again. I'm looking for a slow move up in price from here, indicating increasing interest in owning the stock.