APT MotoVox Group Inc. (MTVX)

[diannedawn]

Actually, IronRidge already received 435M shares...
http://www.sec.gov/Archives/edgar/data/1486526/000114420414024318/v375566_sc13g.htm
"IV received an initial issuance of 435 million common shares, and may be required to return or be entitled to receive shares, based on the calculation summarized in the prior paragraph."
Not quite sure why there is so much confusion *cough* about that!LOL!!!

they based their 13G on the amount they would receive IF the pps stayed at .0182....
"Based on the $0.0182 per share closing price on the day of the settlement, IV would be entitled to approximately 202,937,000 shares."

But that didn't happen;
and I think everyone knows the total IronRidge ends up receiving will be MORE, not LESS.

In FACT...Can anyone find even one instance where IronRidge had to return shares to a company after one of these deals???
I sure haven't!!!

BTW...someone want to tell APT to amend their 8K?
They obviously failed to proof read it.
"which shares were issued to Ironridge on April 23, 2013, the “Issuance Date”"
http://www.sec.gov/Archives/edgar/data/1486526/000135448814002040/froz_8k.htm

And YES...I do find it a little disingenuous that the number of shares they issued to IronRidge is not mentioned at ALL in that 8K!LOL!!!
Especially odd considering the 13G filed by IronRidge, makes it seem as if they only received
"AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
202,937,000* (See Item 4)"
"PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9:
4.9%* (See Item 4)"
"* Subject to adjustment"

Oh...wait...see item 4!LOL!!! Ahh...right! They know the majority of people will never read that;
as evidenced by all the "confusion" here!!!
"IV received an initial issuance of 435 million common shares, and may be required to return or be entitled to receive shares, based on the calculation summarized in the prior paragraph. Based on the $0.0182 per share closing price on the day of the settlement, IV would be entitled to approximately 202,937,000 shares. For purposes of calculating the percent of class, the reporting persons have assumed that there were 3,942,664,924 shares of common stock outstanding immediately prior to the issuance of shares to IV, such that 202,937,000 shares issued to IV would represent approximately 4.9% of the outstanding common stock after such issuance."


"TRANSPARENCY-TRANSPARENCY-TRANSPARENCY"
ya...you betcha!!!

P.S. I was in no way suggesting that APT's calculation period will drag out as long as BORK's has...
Hopefully it will be over in a few months...

P.P.S

(1) APT has not-Not been able to use there own Free Flowing cash of some $1,000,000 Million to $2,000,000 Million a month due to the fact this IronRidge had a LOCKBOX on APT using this money to help Run-no less Expand their operations with this money.

Again...IronRidge was NOT the one with the "lock box"! That was TCA...the IronRidge deal got APT out of the "lock box" terms imposed by TCA.
The TCA lock box HAS ONLY BEEN AROUND SINCE JANUARY 2014!!!!
Why did APT sign that agreement with TCA on Dec 31, 2013 if it was so TERRIBLE???
Why did management (and that great "consultant" who received compensation for setting that up) not see that it was a bad plan???
"APT MotoVox (FROZ) – Completed a $9,000,000 revolving bank line of credit facility.*,**"
"*Pyrenees Investments responsibility in the transaction is solely in a financial advisory role, and only provided introduction of our clients to the capital provider.
**Matthew Schissler, Managing Member of Pyrenees Investments, LLC, received restricted common stock as partial compensation for consulting with the Company."
http://pyreneesinvestments.com/transactions

You can find the complete agreement...signed 12/31/2013... in the exhibits
http://www.scribd.com/doc/219963271/lacourt3

Hhmmm...so First Shyster Schissler received compensation for giving them BAD ADVICE and arranging the TCA credit line with the "lock box"...
THEN he received MORE compensation for giving them MORE BAD ADVICE and arranging the IronRidge/Tangiers
"$2,377,000 in a trade payables purchase agreement and $537,000 in convertible loan facilities. *,**"

BbawHAhaHAhaHA!!!