SureTrader SPDR Advertisement SPDR 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
Advertisement
Bundesbank Vice President Warns of Grexit Consequences--Report
Claudia Buch, the vice president of Germany's Bundesbank, has warned of the consequences of a Greek exit from the eurozone, saying it would represent "a first-time revocation of a European integration step," and change the character of the currency union, German daily Boersen-Zeitung quotes her as saying in its Saturday edition.
Top Equities Stories Of The Day
Whole Foods Results Add to Growth Concerns -- 2nd Update
Uber Crosses $50 Billion Valuation
Yahoo to Buy Social Shopping Site Polyvore -- 3rd Update
Comcast Deal to Enter Wireless Industry Faces Hurdle
Ford Posts 44% Jump in Profit--Update
Pain Worsens for Oil Giants Exxon and Chevron
Western Union Profit Beats Wall Street Views
Bank of America Gives Details on Moynihan Vote-- Update
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.

D



Fri, September 17, 2010 2:47:44 PMMontavo
From: Brook Lang <Brook.Lang@Montavo.com>View Contact
To: <dmoinvest@yahoo.com>


--------------------------------------------------------------------------------

David,


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


http://finance.yahoo.com/news/Ad-startup-Montavo-seeks-to-apf-3355964361.html?x=0&.v=1


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

Montavo

+1-425-747-5500

+1-425-747-5501 Fax

Brook.Lang@Montavo.com

www.Montavo.com



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