This is the BEST news I've seen on $MTVX to date. I love the Wells Notice they got hit with as it will be a wake up call to management et al. Contrary to the opinion of some, a Wells Notice is not a small slap on the wrist, it is serious because the SEC can take civil actions against management on behalf of shareholders.
Shareholders have spent an inordinate amount of time trying to obtain information from this management but somehow they think they can decide when and what info they will give. Perhaps they forgot that they are no longer a MO corporation but a public company regulated under the Act as well subject to DE state law wherein our rights as shareholder include right to information and inspection of records. They'll get it together eventually.
Since the SEC and possibly FINRA are watching management, we can take R/S off the table since FINRA will most likely not approve this corporation action.
What should these guys do to make things whole with their shareholders? How about listening to some of our earlier recommendations:
1. Management (all executives) ought to CANCEL their Preferred E and C issued to them and take restricted commons at the exercise price as listed on the S-8 filing. Management told us that they felt this proposal was unrealistic. We will tell you why this is more than realistic and fair. Initially, we were told that all legacy investors (management included) capitalized the company, meaning they paid cash for shares of APT Group, Inc. or the LLCs. They later came back and stated that some (don't know who) "earned" shares. I don't like this type of documented inconsistencies. Anyhow, "some" of management "earned" shares of the LLCs which they ran down to the ground. It is my sentiment and sentiment of many shareholders that management must "re-earn" shares of this public company that is MTVX, not the Missouri based LLCs. If the Company is positioned to record double digit EBITA as touted by Covey, management should have no problems taking restricted commons at 1.4c +, right? Right.
2. Proceeds from Cerner deal ought to be used to buyback the 2.7 billion shares issued to legacy investors.Management created this mess with the legacy investors, they ought to fix it instead of expecting the market to keep picking up after their mess. At market price, legacy investors still make a 10,000% return. Spend the money to get rid of these shares and make your shareholders whole.
3. Stop making stupid decisions. It will not end well for you.
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