APT MotoVox Group Inc. (MTVX)

[diannedawn]

Remember my BORK/IronRidge example
(Schissler also had a finger in that "deal")

2 years down the road and the "calculation period" is still not "done".

"On August 22, 2012, Bourque Industries, Inc. and Ironridge Global IV, Ltd. settled $778,624 in current accounts payable of the Company, in exchange for shares of Company common stock."
Here's what they told the shareholders...sound familiar???
"By way of example only, if the Company’s average trading volume were $50,000 per day, the calculation period would be 100 days. If the volume weighted average price of the Company’s common stock during that period were $0.12 per share (which was the closing share price on August 22, 2012), and the arithmetic average of the individual daily volume weighted average prices of any five trading days during such period were also $0.12 per share, then Ironridge would be entitled to retain a total of 9,333,560 shares in exchange for settling $778,624 in debt. Based on a $0.12 per share assumed value, the Bourque Common shares received would have a $1,120,027 value, and would be received as full compensation for the $778,624 debt extinguished."

THEN THERE IS REALITY >>>

"As of the date of the issuance of these financial statements the final accounting for the stock issued to settle debt was not yet completed or due from Ironridge, but a total of 91,500,000 common shares have been issued by the Company to Ironridge under this Agreement to date."

Lets see.... 9 million compared to 91 million....

Hhmmm...

Lets hope that MTVX gets off a little easier than THAT!!!