Replies to post #95541 on APT MotoVox Group Inc. (MTVX)

[WillForeall]

GM very exciting accomplishments taking place!! :-)

[diannedawn]

Oh Dear! That's not telling the WHOLE story is it???
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if you look at some of the convertible notes that were issued during the 2Q, and/or consulting agreements that could also be paid in equity, you'd see that conversion price per share is 1c.
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Really? Institutional investors already bought--that is what the notes represent. Lenders already gave $180K, $500K and etc. They will convert at 1c and above.
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There was also a maximum conversion price at 1.4c on one of the notes which is very telling and connects to the IR final tranche issuance. If the maximum conversion price on a discounted note is 1.4c, the anticipated trading price of $MTVX is above 2.6c. This appears to be the case. The consulting agreements also have fixed conversion price of 1c per share so this 1c pps target seems very convincing to me.
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I've ask for the link and now you've come up with this

Discount rate of 37.5% to market price, look back 5 days but no more than $0.012 per share. This means the maximum conversion price given to this lender is $0.012 per share and if $0.012 represented a 37.5% discount to market price, the anticipated market price of MTVX is greater than $0.012.

This lender converts at the end of October 2014.

http://www.sec.gov/Archives/edgar/data/1486526/000135448814004356/mtvx_ex1082.htm

HOGWASH! That note is dated 4/25...five days prior to that the trading range was as high as .025 to as low as .0105...
for simplicity's sake; lets just take the avg of that (= .01775) and multiple times the .625, as the conversion price is calculated by "The "Varible Conversion Price" shall mean 62.5% multiplied by the Market Price (defined herein) (representing a discount of 37.5%), but no more than $0.012 per share. "Market Price" means the lowest Trading Price (as defined below) for the Common Stock during the five Trading Day period ending on the latest complete Trading Day prior to the Conversion Date."

this comes out to .01109...pretty darn close to the .012...

The note says NO MORE than $0.012 per share...Not NO LESS!!! If it said "no less", I might believe that this was actually a sign that the pps would be going up.

Instead, this wording was simply to give the note holder the benefit of any upside, while they are still protected from the downside by the variable conversion rate.

So if the pps goes UP they make far more; if the pps goes DOWN they're getting the 37.5% discount off the lowest "market price" in the 5 day look back + they already got the "original issuance discount" of $6250...

FOR EXAMPLE...
The pps goes to 3¢...the conversion rate calc would be .03 x .625 = .01875...but instead they get to use .012 ("no MORE than .012")...THAT EQUALS MORE SHARES FOR THE NOTE HOLDER!!!
If the pps falls to .0008 x .625 = they get to convert at .0005!!!

WIN WIN...for them...
but there is NO WAY this means the pps is going higher than 1¢ or that the "anticipated market price of MTVX is greater than $0.012"!!!

I've already proven that your statement about the consulting agreements, ONLY APPLIES to Pritt's ...it is NOT TRUE about Schissler's!


Pritt is the one who has gotten ripped off in all this as his agreement DOES lock in the "1¢" conversion rate...LOL!!!

considering he sold at .0026, his 25M shares, which should have = $250K, really only got him 65K...

OUCH!!! and people said he only sold because he's "old"...LOL...
If he had waited, his 250K would have been about 30K!!!