APT MotoVox Group Inc. (MTVX)

[PennyHeaven7]

Come to think of it ??, Truth be told here, IF ?? you or I were the CEO of MTVX and was just informed of this SEC Judge's rulings against IronRidge for dumping Billions of MTVX shares onto the open market and in so doing committed fraud etc, I would think ?? and say to my self, I as CEO of MTVX should be the one, Filing the proper Law Suits against this IR, and not have to have us shareholders do it for him, after all as CEO of MTVX it is his, not us shareholders full fiduciary obligations & Legal responsibility to do so. YES ??, NO ?? Maybe ?? IMO


A breach of a fiduciary duty may result in personal legal liability for the director, officer, or controlling shareholder. State statutory law, judicial decisions, and corporate articles of incorporation and bylaws may also impact a person's fiduciary obligations to a corporation.

Fiduciary Duty of Care

In a corporate environment, both officers and directors are expected to use appropriate care and diligence when acting on behalf of their corporation. They should exercise reasonable prudence in carrying out their duties to achieve the best interests of the corporation. An officer or director may be held personally liable for failing to exercise reasonable or ordinary care under the circumstances.


Bottom line, this CEO of MTVX Named troy A Covey , should be the one doing this, BUT!! IF ??, he does not, I have a good feeling a few of US past MTVX shareholders that lost BIG money here, just might step in and do it for him, if >> necessary of course. IMO


http://www.nolo.com/legal-encyclopedia/fiduciary-responsibility-corporations.html
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some of this SEC Judge's IR findings to ponder:

Unregistered dealer in securities by engaging in serial underwriting activity, providing related investment advice, and receiving and selling billions of shares in connection with self-described financing services for domestic microcap stock companies

24. During the relevant period, Global IV engaged in 33 separate Section 3(a)(10) exchanges with 28 microcap issuers. In connection with underlying claims totaling approximately $35 million, Global IV sold approximately 5.5 billion shares of the issuers’ stock for total proceeds of approximately $56 million, thereby realizing a profit of approximately $22 million.
25. As a result of Global IV’s Section 3(a)(10) transactions during the relevant period, the public float of shares for many of the issuers increased significantly. For 14 of the issuers, the Section 3(a)(10) transactions increased the shares outstanding by 25% or more. For nine of these issuers, the transactions increased the shares outstanding by at least 50%.
26. On average, Global IV began selling the initial shares that it received from the 33 Section 3(a)(10) exchanges at issue within four trading days of the shares being cleared for trading.



https://www.sec.gov/litigation/admin/2017/34-81443.pdf
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1) Ironridge was found to be in violation of the SEC trading laws and the docs specifically show they examined Ironridge's scamming of each company.

2) Each company can request the investigation findings and details from the SEC

3) Every company they violated can sue for their losses plus punitive damages

4) Every investor that suffered directly due to Ironridge violations can sue for their losses plus punitive damages

With the SEC violation in hand it would appear to be a slam dunk win imo