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Replies to post #56690 on APT MotoVox Group Inc. (MTVX)

Replies to #56690 on APT MotoVox Group Inc. (MTVX)
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banchrima

05/10/14 8:26 AM

#56692 RE: dee$ #56690

Much ado about nothing (except whining) ... LOL
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pennies til i retire

05/10/14 8:38 AM

#56694 RE: dee$ #56690

I agree with your post at this moment. Although, I feel we will see a filing stating that they canceled the initial common shares the BOD received at the closing. I think without the preferred shares, they needed to have enough shares in their hands to remain in control, while working out a preferred share structure. All this IMO. The future will tell, as for now, I will be holding all my shares, because you never know when a filing or PR will come out from this company.

I do believe it is best for the company and investors that they address the SS, this is becoming more important than financials.
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kodiak35124

05/10/14 9:45 AM

#56727 RE: dee$ #56690

Man you changed your tune. There was nothing in the filings that was not already known from the 8K from my understanding. May be wrong.
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kodiak35124

05/10/14 9:46 AM

#56729 RE: dee$ #56690

Heck from the sentiment, we will be lower on Monday and I am sick of seeing red.
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nuclear profitz

05/10/14 10:21 AM

#56748 RE: dee$ #56690

the 500 M have not been all issued just authorized, looks like 20 M have been actually issued. Also, 14 B have not been se aside from the current 20 B OS for the potencial conversion. when the time comes if the AS is mxed out, whatever it is at the time, it will have to be adjusted to absorb any conversions.
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bullethole27

05/10/14 11:49 AM

#56830 RE: dee$ #56690

You misinterpreted a couple of things.

There are not 500M preferred shares issued there are 500M preferred shares than CAN be issued. Much like the 20B that CAN be issued in common stock. You are also viewing the outstanding preferred shares as a limiting factor to reducing the authorized common shares. That is not the case, they can still reduce the A/S on the common side and it would just mean that they have no intention to convert all of their preferreds. Preferreds are held for voting control not to dump on the market. That being said I am in complete agreement with you that the transparency needs to begin soon. We have done enough speculating and postulating for one lifetime now. Hang in there, we'll get some answers soon.