APT MotoVox Group Inc. (MTVX)

[MOangler]

Gary... I hope you had a good 4th. You asked for my calculations for IR debt last Thursday.

The formulas come right out of the court documents.

For the calculation I estimated $2.5 million as the debt (debt plus fees)IR bought.

Assume weighted average share price of .0027 (IR get to pick the 5 days with the lowest share price )

Average Share Price of $.0027 less .002/share = $.0007 per share.
Next take 80% of $.0007 = $.00056/share.

Take $2.5 million loan and divide it by the $.00056 to arrive at number of shares owed.

I calculate 4,464,285,714 shares.

APT? has 24 hours to deliver unrestricted shares when IR demands them. IR can sell them immediately and then they turn around and demand more shares. IR never has more than 9.9% at any one time because the keep selling.

Sadly, I suspect the doubling of OS to meet IR demands is one of the many negatives that will come out in the financials.