APT MotoVox Group Inc. (MTVX)

[diannedawn]

Here's something interesting that I read on another board...

Our audit firm KBL was concerned about the fact that our share count of 929,000,000 was too close to the authorized limit of 1,000,000,000. If all of the "out of the money" warrants were to be converted (at some point), there would be a scenario in which the total shares owed to investors could have possibly exceeded 1,000,000,000. Owing more than 100% of authorized shares is a Section 5 violation, or a violation of Federal Securities Laws. Our new audit firm felt uncomfortable signing off on the FY 2015 Form 10K without successfully amending the authorized first.

I have not gotten around to checking into this YET...
BUT, if the above is true, can you see the problem???

Its something I've been commenting on since last SPRING...
MTVX NEVER DID HAVE ENOUGH COMMON SHARES TO COVER ALL THE PREFERRED SHARES THEY GAVE OUT IN THE SEA!!! http://www.sec.gov/Archives/edgar/data/1486526/000135448814001321/froz_8k.htm

10,700,789,500 + 9,492,246,500 + 250,000,000 (the amount Schissler's B's convert into) + 897,071,625 O/S at the time of the merger = 21,340,107,625
THAT'S 1,340,107,625 OVER THE 20 BILLION SHARES AUTHORIZED

Perhaps that is ALSO why MTVX has never filed? NO AUDITOR WOULD SIGN OFF???
LOLOLOLOLOLOLOLOLOLOLOL!!!MTVX IS A JOKE!!!LOLOLOLOLOLOLOLOLOLOLOL

Hello? SEC? Yes...It's me again...I'd like to file another complaint about MTVX...