SureTrader Advertisement Advertisement Advertisement
Home > Boards > US OTC > Delisted > Montavo, Inc.(fka MTVO)

Response from Montavo, CEO Brook Lang, regarding AP story.

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
dmoinvest Member Profile
Followed By 14
Posts 1,806
Boards Moderated 0
Alias Born 05/26/10
160x600 placeholder
S&P 500 Gains For Fifth Session In Longest Winning Streak For 2015
Selling pressure expected to mount as S&P 500 nears 2,000 The S&P 500 on Monday rose for a fifth session in a row, its longest...
Top Equities Stories Of The Day
GE to Sell Corporate Aircraft Portfolio
AT&T, Viacom Reach Distribution Deal
UAW Aims to Salvage a Fiat Chrysler Pact
To Pay for Highways, Lawmakers Propose Taking Money From Banks
Sirius, T-Mobile Spat Over Airwave Interference
Global Tech Firms Brace for Tax Rules Which Could Create New Disputes
Pfizer Edges Outlook Higher to Factor in Hospira
Empire' Reigns Supreme Among TV Shows When It Comes to Online Buzz
dmoinvest   Monday, 09/20/10 02:01:23 AM
Re: PENNYGOLD post# 142
Post # of 1275 
Response from Montavo, CEO Brook Lang, regarding AP story.

Please note that he provided the link to the article and that his correct quote to the reporter was Sub $10 mil total, meaning less than that amount.

He has also clarified that MTVO is currently seeking around $3 mil. at an enterprise value (see below).

Moody Capital and Crucible Capital Group will be working in tandem to fill the PPM which seeks around $3 mil at an anticipated private placement s/p of .02-.06. The PPM offering is for unregistered shares and thus will be restricted. This should allay fears of immediate dillutive effects and allow Montavo to utilize funds to enhance enterprise value prior to any future financing.

I hope everyone enjoyed their weekend. MTVO many good days ahead.

Best to all.


Fri, September 17, 2010 2:47:44 PMMontavo
From: Brook Lang <>View Contact
To: <>



Thank you for your question regarding the recent AP press on Montavo. For clarification the quote from the question asked was “sub $10m”.

From the Press Release on 9/16/2010:

“Montavo, with strategic advisory and execution assistance of Crucible Capital, will work towards funding the Company at an enterprise value which appropriately reflects the value of the underlying software and platform assets.”

From your question for further clarification, currently Montavo is looking at around $3m at an enterprise value.

Talk soon,

Brook W. Lang



+1-425-747-5501 Fax

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
Current Price
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist