APT MotoVox Group Inc. (MTVX)

[stockpicker1512]

Diane there is a cap don't mislead. The Stipulation provides that at no time shall shares of Common Stock be issued to Ironridge and its affiliates which would result in them owning or controlling more than 9.99% of the Company's outstanding Common Stock. Based on the 435mm they've received they can't receive more....unless the company dilutes more!

Besides...we owe them the Claim Amount of $2,377,000 + 7% agent fee + reasonable attorney's fees. I read somewhere that the attorneys fees are low for these Section 3(a)(10) court deals in one of Ironridge's articles. They approximate $20,000 but for shits and giggles let's use $100,000. With that said, we'd owe them approximately $2.377mm plus $166,390 agent fee plus $100,000 for a total of approximately $2,650,000.

If you take $2,650,000 / 435mm that equals an average share price of .006. I believe based on the weighted average trading we'll be .006 or higher by the end of the calculation period and even if we're not they still can't own more than 9.99% of the OS. Therefore, the 435mm shares they were given should cover them.