Replies to post #123555 on APT MotoVox Group Inc. (MTVX)

[Arizzle]

Oh, well since you said Paul said there won't be a RS let get my buy order entered!

Lmao

[frosr6]

Yup wait till the last possible moment. That does make sense. fyi it's not so much the convertible shares that will force a reverse split its the 11billion they need for the conversion of preferred shares in March that will force a reverse split or raise the a/s. If it weren't for those they could go without doing either for quite a few months longer.

As stated in 8k
(d) The Corporation covenants that it will AT ALL TIMES instruct its Transfer Agent to >>RESERVE and KEEP AVAILABLE OUT of its authorized and unissued Common Stock<< solely for the purpose of issuance upon conversion of Series E Preferred Stock as herein provided, free from preemptive rights or any other actual contingent purchase rights of persons other than the holders of Series E Preferred Stock, such number of shares of Common Stock as shall be issuable (taking into account the adjustments and restrictions of this Section IV hereof) upon the conversion of all outstanding shares of Series E Preferred Stock. The Corporation covenants that all shares of Common Stock that shall be so issuable shall, upon issue, be duly and validly authorized, issued and fully paid and nonassessable.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9977848

[preferred1500]

Good Post DOMYTHING.Thanks preferred....MTVX

[LoveAndLight]

There's your answer everyone about a reverse split... Like I've been telling you all... A reverse split is NOT going to happen... So everyone can just throw their other theories about this right out the window! Thanks for posting your email DoMyThing. More confirmation... MTVX will turn around in a big way after this silent period... Measures are BEing taken to eliminate the toxic financiers and the dilution without the need for a reverse split. All will be revealed in the next 45 days pertaining to these matters within the 10-K and other news releases and shareholder SEC filing updates. :-)

Blessings BE,
LoveAndLight :-)

[GloomyBloomy]

I agree, a reverse split makes no sense at this point in time.

The only time it does make sense is when debt has been eliminated, and the company is interested in getting on the big boards.

Otherwise, it doesn't matter if the company has 10-million shares or 10-billion.

Also, bankruptcy is completely out of the picture. Only an idiot would think that would happen at this point in the company's progress.