APT MotoVox Group Inc. (MTVX)

[RockRoll]

Am I reading this morning's 13G right?

33,147,013 shares of Common Stock were, as of March 21, 2014 (the “March Settlement Date”), the maximum amount of shares of Common Stock that could be owned directly by IBC Funds LLC (the “IBC”) pursuant to two orders (the “Orders”) entered by the Circuit Court of the Twelfth Judicial Circuit in and for Sarasota County, Florida (the “Court”) approving, among other things, the fairness of the terms and conditions of two exchanges pursuant to Section 3(a)(10) of the Securities Act of 1933, as amended, in accordance with two settlement agreements and stipulations (the “Settlement Agreements”) between the Issuer and IBC in the matters entitled IBC Funds LLC v. Frozen Food Gift Group, Inc. (the “Actions”). IBC commenced the Actions against the Issuer on February 13, 2014 and March 20, 2014 to recover, respectively, $51,919.50 and $37,875, in total $89,794.50, of past-due accounts payable of the Issuer, which IBC had purchased from vendors of the Issuer pursuant to terms of separate receivable purchase agreements between IBC and such vendors (the “Claims”). The Orders provide for the full and final settlement of the Claims and the Actions. The Settlement Agreements became effective and binding upon the Issuer and IBC upon execution of the Orders by the Court on February 14, 2014 (the “February Settlement Date”) with respect to the first action and the March Settlement Date with respect to the second action.

They issued a little over 33mil shares to IBC Funds LLC to settle a debt, leftover from the FROZ days? If so, are those the shares that were dumped today?? Man, poor APT moved into a shady shell, and now they have to clean up the mess left behind.

Wow, hang in there everybody, hopefully MTVX will work through this. Now I know how those that invested in the .008-.01 range feel.