APT MotoVox Group Inc. (MTVX)

[frosr6]

Ahh Now I get why some are not worried. Some of ya think April is when those preferred shares come off restriction. Well hate to break it to ya that's wrong. The time starts from the "CLOSING DATE" which was March 27th 2014.

But hey I was wrong as too. I've been thinking 1 year (365 days) and 1-1/2 years from the closing date. It's actually "360 days" for E's and "540 days" for C's making it less now!!

Therefore;
Series E are convertible 360 days from March 27th 2014 (the closing date) which would be March 22nd 2015 but that's a Sunday so the 23rd will be the eligible date. Not the 3/27 as I previously said.

Series C. are convertible 540 days from March 27th 2014 (the closing date). That would be Friday September 18th 2015. Not the 9/23 as I've previously stated.

One last thing it does not matter if the holders convert those preferred shares then or ever. They MUST BE SET ASIDE (RESERVED) out of the authorized shares at all times after the eligible conversion date. So subtract those from the 20b A/S and that leaves little over 600k shares available with last known O/S count (nov 3rd). I bet those are gone by now.

Here are pictures pointing it all out with links.



http://www.sec.gov/Archives/edgar/data/1486526/000135448814002889/froz_ex1066.htm


http://www.sec.gov/Archives/edgar/data/1486526/000135448814001465/froz_8k.htm


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9977848