APT MotoVox Group Inc. (MTVX)

[Kool Aid Man]

Were those millions in tax credits "sold"???

I'm just asking. Here's my earlier post:
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PR: Jan 20, 2012 (2 years and 4 months ago)--->

...The $7.7 million [building purchase] deal included $2 million in New Market Tax Credits administered by the Kansas City, Missouri, Community Development CDE. The CDE’s money for the APT acquisition came from a $3 million tax credit purchase by U.S. Bank, said Ruben Alonso III, executive director of the agency. With the federal New Market Tax Credits program, large companies and financial institutions can buy credits in return for decreased federal tax liability. http://www.bizjournals.com/kansascity/print-edition/2012/01/20/light-manufacturer-buys-montgomery.html?page=all

So what did APT do with these $2 million in tax credits? It sounds like they sold them --presumably at a steep discount-- in exchange for much needed cash.

Could this somehow be how Ironridge got involved in this deal? As I understand, Ironridge somehow "bought" the APT debt from TCA and then sued APT/FROZ on April 24th to force payment which APT agreed to do with $2 million+ in stock, correct?
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