Replies to post #74372 on APT MotoVox Group Inc. (MTVX)

[Kool Aid Man]

Great products and prospects aside...here's the problem-->

(As I posted yesterday)

Here's an example of how toxic Ironridge destroys shareholder value.

This lawsuit (filed 5/22/14) against Ironridge by another company lays out how they do it. In this case, Ironridge was responsible for between 22.6% to 57% OF ALL STOCK SALES each month between January and April (page 7). They're accused of perpetrating securities fraud through market manipulation. They achieve this by employing a scheme to artificially lower the stock price in order to force the company to continually issue more unrestricted shares forcing a death spiral that enriches only them! In this suit, the Plaintiff has already paid at least $1.4 MILLION on a debt of $$770k.

This is alleged to be part of a "wider pattern of illegal and deceptive activity" by Ironridge against other companies. Another example cited in this lawsuit showed how "Ironridge seeks 6 billion shares which amounts to six times the total market capitalization" of that company (pages 8-9). For a real eye-opener, click to read the complaint:

http://www.scribd.com/doc/228307897/IronRidge-v-Scripts

Imo APT needs to immediately come clean on how much they still owe Ironridge because they fully intends to continue to drive down the stock price, demand millions more shares (as they are legally entitled to do), dump those, rinse-wash-repeat until everyone ---including management and their employees--- are robbed blind.

Imo if APT doesn't confess and do it ASAP you can bet that Ironridge et. al. still have their hooks in APT and will remain in control of the share price for the foreseeable future.

[VesTex]

I'm with you. I'll be adding more as price warrants and I'm no flipper.