SPDR Advertisement SureTrader SureTrader 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
U.S. Stocks Head Lower; Greece Remains In Focus
U.S. stocks extended declines on Monday as selling of risky assets such as equities continued after Greece on Sunday rejected its international lenders' bailout terms and moved closer to a potential exit from eurozone.
Top Equities Stories Of The Day
Humana Cuts Profit View On Higher Medical Costs -- 3rd Update
Electrolux's Plan to Buy GE's Appliances Unit Doesn't Worry Major Customers
Starbucks Raises Prices by About 1%
McDonald's, KFC Look to Get Faster in China
J.P. Morgan Chase General Counsel to Change Roles -- 2nd Update
Brazil New-Vehicle Sales, Output, Exports Drop in First Half
Intel President Renée James to Leave as Others Also Depart -- Update
Train Carrying Toxic Gas Derails in Tennessee
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