APT MotoVox Group Inc. (MTVX)

[diannedawn]

WRONG!!! The PROBLEM is its ABUSED!!!
and that link does not work...
Gee...I wonder why IronRidge removed that article?

No worries...here is a link that WORKS...
https://www.scribd.com/doc/230634460/Ironridge-Breathes-LIFE-into-Debt-Exchanges

"THE STRATEGY is controversial. Steve Winters, managing partner of Gemini Strategies LLC in Encinitas, Calif., has said that Ironridge is abusing the Section 3(a)(10) exemption and fairness hearing process at the expense of investors in more common forms of private investments in public equity, or PIPEs. “They may be technically correct but we believe they’re misapplying Section 3(a)(10),” he said.
Most PIPE investments, in which accredited investors buy un-registered shares in public companies, rely on the Securities and Exchange Commission’s Rule 144. Securities issued under Rule 144 cannot be sold into the public market until certain conditions are met. The restrictions are meant to limit the risk to public market investors of issuing securities without the disclosures required in a registration statement. Those restrictions include a six-month holding period for securities issued by companies that meet the SEC’s reporting requirements. Meanwhile, securities issued under Section 3(a)(10) are immediately freely tradable. “When you invest in a convertible debt PIPE, the premise is you’re taking risk by waiting for the six-month period for Rule 144 shares to be tradable,” Winters said. “If you’re going to misapply the rule, what you’re doing is problematic.”

I wonder if the SEC is working on shutting this crap down???

STAY TUNED!!!