Replies to post #112039 on APT MotoVox Group Inc. (MTVX)

[AthleticsFan]

simply and accurately put my friend, i missed those numbers the first time around but this is most definitely impressive. they are moving in the right direction. i would love to see the pps rise as any other investor long here or even looking for a quick upside BUT i prefer to see the business side of things improve first before a rise in pps so that there is a solid foundation and motovox is doing that and will do more. the fundamentals of this company and the stock will fall in place as time goes on. this will definitely take time but as you said, i have plenty of time and i dont have any unrealistic expectations here with this one. awesome post!

[frosr6]

Shouldn't Ironridge be listed as an interest expense??? Or do you think they will just sorta "slip" it in the annual? Hey kinda like Cord blood America did. Wasn't MTVX financial advisor Matthew Schissler the founder if Cord Blood America too? I believe so see here>>
http://www.sec.gov/Archives/edgar/data/1289496/000135448812002924/cbai_8k.htm
And here>>
http://en.m.wikipedia.org/wiki/Matthew_Schissler

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Original Ironridge claim $2,287,000

FMV of issued shares to 6/30/14 $7,226,727

Difference of $4,939,727
This amount should have been listed as an (interest) expense during the period issued (2nd) according to >>FASB ASC 505-50-30<< and $457,273 should have been for this quarter (3rd).

April -June $(7,226,727)
July-October $(457,273)
October $(111,000)
Total IR up to Oct. = $(7,795,000)

In April 2014, in accordance with an Order for Stipulation and Settlement of Claims, the Company privately issued 435,000,000 shares of common stock to Ironridge Global IV, Ltd. which had a fair market value of $5,829,000.

In May 2014, in accordance with an Order for Stipulation and Settlement of Claims, the Company privately issued 250,000,000 shares of common stock to Ironridge Global IV, Ltd. which had a fair market value of $750,000.

In June 2014, in accordance with an Order for Stipulation and Settlement of Claims, the Company privately issued 240,000,000 shares of common stock to Ironridge Global IV, Ltd. which had a fair market value of $648,000.00.

In July 2014, in accordance with an Order for Stipulation and Settlement of Claims, the Company privately issued 195,000,000 shares of common stock to Ironridge Global IV, Ltd. which had a fair market value of $273,000.

In September 2014, in accordance with an Order for Stipulation and Settlement of Claims, the Company privately issued 230,000,000 shares of common stock to Ironridge Global IV, Ltd. which had a fair market value of $184,000.

In October 2014, in accordance with an Order for Stipulation and Settlement of Claims, the Company privately issued 370,000,000 shares of common stock to Ironridge Global IV, Ltd. which had a fair market value of $111,000.

[diannedawn]

Are they including ALL THE INTEREST EXPENSE???

I would say MTVX reducing their Interest Expense

I'll wait for the Amended Q's ...THANKS!
"Item 5. Other Information.

A) AMENDMENTS TO PRIOR FINANCIAL STATEMENT FILINGS

With the recent completion of the audit (filed in September 2014) for the fiscal years 2012 and 2013, the Company is now in the process of reviewing and amending previously filed financial statements and cash flows for Quarters One, Two, and Three; and thereby conforming to the Audit."

I'd guess this is because of the "mistake" noticed by the SHAREHOLDERS...
""MTVX’s profit and loss statement for period ended June 30, 2014 is MISSING $4,940,000 in interest expenses for issuances related to Ironridge. This figure is the difference between $7,227,000 (fair value of share issuance as of June 30, 2014) and $2,287,000 (IR claim)"

TIC TOC...I'm sure the SEC is looking for those amended filings too!

ROTFLMAO!!!

[preferred1500]

As always Great Post .right to the point.