APT MotoVox Group Inc. (MTVX)

[goldenglove862]

Based on the way I read it, APT had to deliver up to 9.99% of the common stock to IR.

9.99% X 4,584,705,385(O/S on May 16, 2014) = 458,012,067(at very most)

Ironridge will be entitled to that number of shares of Common Stock (the "Final Amount") with an aggregate value equal to (a) the Claim Amount plus a 7% agent fee and reasonable attorney fees and expenses, (b) divided by 80% of the following: the closing price of the Common Stock on the date of entry of the Order (April 21, 2014), not to exceed the arithmetic average of the individual volume weighted average prices of any five trading days during the Calculation Period, less $0.002 per share.

Based on the above, since the closing price was .0182 on April 21, 2014 . You would then do this.

.0182 X .8(80% of the closing price on 4-21-14) = .01456

You will then take the 5 highest traded days since 4-21-14 (Going by what Cheds said I believe) which were .0146,.01,.01,.0113, and .0134. average out to be .0118. Then minus the .002 to get .0098 for your calculation price. Since the closing price on 4-21-14 exceeds .0098, that is the number you use to calculate the shares.

2,377,000 / .0098 = 242,551,020

To me, That is saying that IR will receive 242,551,020 shares plus the 7% attorney fee. Honestly I'm not sure If I have done this correctly. This is just the way I interpreted it. If anybody else has anything please feel free to Critique!! All IMO.