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Frankly peeps here's what ought to be done ...
Rather than the usual board banter of trying to save face and pray\hope some miracle happens here, why not capitulate, own up to it and do something proactive.
These guys have no gumption or care about anyone and will carry on their merry way, so if you can't join 'em, why not beat 'em?
Why not be a cog in their machine and let prospective buyers of their products really know what has happened to the people that have lost untold thousands here?
There's a lot of avenues that could be utilized.
Maybe that will get their attention.
Ah, yes ... that's a new one.
One of these days some real info will come forth on the evil MM's and their clandestine ways. For now it must stay all hush hush.
The charts? On this? ... lol.
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:accumulation_distribution_line
Seriously, trying to chart this at this level and recently at no bid is just silly.
Respectfully, that's absurd.
This 'company' launched publically touting multi-millions in revs. All the while knowing they were in dire straits financially.
The toxic institutions you refer to are anything but investors, they are predatory criminals at best and structure these deals to reap absurd profits above and beyond initial loan amounts at shareholders expense.
No, Nasdaq stocks have their far share of corruption's and dubious dealings but it's a far cry from what has happened here.
There is over 8 BILLION shares out here and in all likelihood they will dispose of the entire A\S in short order.
Have seen far worse but ...
Nice turning of the knife on shareholders though.
Stinky pinkies are known for touting their ticker symbols.
And pray tell, how have they 'improved the quality' of investors lives?
Perhaps they're a modern day Robin Hood, stealing from the unsuspecting and teaching believers a lesson.
Like I said, it's nonsense.
Marker makers aren't accumulating this turd nor any other stinky pinky down here. It's a perpetuated myth with no basis in fact.
Even without the shibboleth ... it's a mathematical debacle with 8-9 Billion shares out.
The disregard they have shown shareholders is appalling. Especially after the manner they set this up originally and led people on.
They're due for an SH update, should be interesting, if they even follow through on it.
Ah, okay. Still inexcusable and unprofessional of him.
That's nonsense.
Can you elaborate on this? Saw your other mention as well.
It's so they get picked up by Twitter ...
http://www.cnbc.com/id/48416772
'Turkey balls' ...
There's a correlation there but ... I digress.
Monty Python would be proud.
Scott Sterling!
1,894,000,000 x .000005 = $9,470
Compare and contrast:
In April 2014, in accordance with an Order for Stipulation and Settlement of Claims, the Company privately issued 435,000,000 shares of common stock to Ironridge Global IV, Ltd. which had a fair market value of $5,829,000.
In May 2014, in accordance with a consulting agreement the Company issued 1,894,000 shares of common stock to Pyrenees Investments, LLC which had a fair market value of $10,795.80.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10318716
What is wrong this picture?
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
Closer to 2B ...
In April 2014, in accordance with an Order for Stipulation and Settlement of Claims, the Company privately issued 435,000,000 shares of common stock to Ironridge Global IV, Ltd. which had a fair market value of $5,829,000.
In May 2014, in accordance with an Order for Stipulation and Settlement of Claims, the Company privately issued 250,000,000 shares of common stock to Ironridge Global IV, Ltd. which had a fair market value of $750,000.
In June 2014, in accordance with an Order for Stipulation and Settlement of Claims, the Company privately issued 240,000,000 shares of common stock to Ironridge Global IV, Ltd. which had a fair market value of $648,000.00.
In July 2014, in accordance with an Order for Stipulation and Settlement of Claims, the Company privately issued 195,000,000 shares of common stock to Ironridge Global IV, Ltd. which had a fair market value of $273,000.
In September 2014, in accordance with an Order for Stipulation and Settlement of Claims, the Company privately issued 230,000,000 shares of common stock to Ironridge Global IV, Ltd. which had a fair market value of $184,000.
In October 2014, in accordance with an Order for Stipulation and Settlement of Claims, the Company privately issued 370,000,000 shares of common stock to Ironridge Global IV, Ltd. which had a fair market value of $111,000.
435,000,000
250,000,000
240,000,000
195,000,000
230,000,000
370,000,000
_____________
1,720,000,000
FMV
$5,829,000
$750,000
$648,000.00
$273,000
$184,000
$111,000
_____________
$7,795,000
! Well done sir
Nah, it's all good man.
Reading through the fins, I honestly got to wonder. 300m shares seems irrelevant compared to what they have and still need to dish out for all these toxic notes.
The 1.7m well, again with their track record, the total accumulated debt, etc. etc ... I don't know. Difficult to find any kind of silver lining with this debacle.
And those shares are worth what, 30k to 60k ...
Not following your point.
Neither side appeared to think it was worth the cost or effort.
They have bigger issues\obstacles to overcome.
Right on Cat! Very cool ...
Have always been an aficionado of, at least wanting anyway, to do covers of older tunes (Ala VH style), upgrade them, that kind of thing.
Actually bought the Live and Let Die soundtrack many years ago just for that reason.
Of course GnR came along and stole that idea away. Not that I have a particular fondness for their cover. Moreover, now that I'm older, I also realize that some things are just better left well enough alone.
Etrade has been posting them on MTVX for the last several days.
A small win, but better than the costs likely of pushing through with it.
The significant terms of the Settlement Agreements are highlighted below:
?
Patent claim litigation will cease in Texas and Missouri and all parties will dismiss their lawsuits with prejudice
?
Lawsuits and any commission related claims filed against the Company in Wisconsin will be dismissed with prejudice
?
All corporate and individual parties are mutually released from further liability
?
Monster Moto, LLC will pay $20,000 to the Company
?
Monster Moto, LLC will refrain from selling competing adult mini-bikes through January 1, 2016
?
The Company will not pursue intellectual property claims against Monster Moto, LLC relating to four patents and adult mini-bikes
?
Monster Moto, LLC will change packaging and seat color on its mini-bike for one year on production runs after April 1, 2015
?
The Company will indemnify four of the individual defendants against potential third party claims
?
The four individual defendants forfeit any equity participation rights and return all of their common and preferred stock to the Company and agree not to purchase or own shares in the future.
The foregoing description of the Settlement Agreements and Addendum is not intended to be complete and is qualified in its entirety by the complete text of the Settlement Agreements and Mutual Releases and are incorporated by reference and attached herein as Exhibits 4.1, 4.2 and 4.3 to this Current Report on Form 8-K.
8-K
Looks like a settlement with Monster Moto
http://archive.fast-edgar.com//20141120/A4A28Q2CZ2225ZZM222T2ZZZO2INUNM2Z262/
Yeah, same here.
It's in the header section, bottom line before the table of contents.
Missed this first time through ...
As of November 03, 2014, there were 8,227,765,160 shares of the issuer’s $.00001 par value common stock issued and outstanding.
Somebody was pretty close.
Like the filters, but that's about it.
Indeed. As they have promised. And it better address the lingering questions here re: the share structure, debt. obligations (In specific the outstanding toxic loans)and just what they plan to do to remedy this situation.
Otherwise, none of this is going to amount to anything.
60 days to automatic like a form 10?
Was in one where it went through and they caught on after the fact.
This should be entertaining to watch.