APT MotoVox Group Inc. (MTVX)

[Sharktnk]

However ...

Item 1.01. Entry into Material Definitive Agreements.

On April 24, 2014, APT MotoVox Group, Inc., (the “Company”) reported that on April 21, 2014, the Superior Court of the State of California for the County of Los Angeles – Central District (the “Court”) entered an Order for Approval of Stipulation for Settlement of Claims (the “Order”) in the matter between IronRidge Global IV, Ltd. (“IronRidge”) and APT MotoVox Group, Inc.


On April 11, 2014, IronRidge and the Company signed documents that, subject to Court approval, modify the terms of the transaction.


The Company anticipates that the Court will accept the new terms and will issue a new order (the “Settlement”) on August 18, 2014, modifying the prior Order in the matter between IronRidge and the Company.


To date, the Company has issued 1,120,000,000 shares to IronRidge in partial satisfaction of the original $2,287,000 claim (the “Claim”). The Settlement provides the Company with a solution to fully satisfy the Claim and bring an end to IronRidge dilution.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10147768

Backtracking to the initial filing:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9934665

Pursuant to the terms of the Order and the Stipulation, the Company was required to issue and deliver to Ironridge up to 9.99% of the Company’s common stock (the “Initial Issuance”, which shares were issued to Ironridge on April 23, 2013, the “Issuance Date”), par value $0.00001 per share (the “Common Stock”) of the Company, in settlement of the Claim which shares are subject to adjustment provided below:

2013? Typo?

The 'initial issuance' is what is unclear. A search though here suggests it was the first tranche of 435,000,000 but something doesn't add up. If it was 1,120,000,000 as of April that would bring the total to 2,405,000,000