Replies to post #12869 on APT MotoVox Group Inc. (MTVX)

[Pwm31]

Exactly.

[diannedawn]

Well I certainly do not want to be spreading "misinformation",
so can someone please clarify how this was arrived at
"$100K converted at .007 is only 14M shares..."

First show how it is "only $100,000" when the filings CLEARLY show otherwise...

Then show HOW the conversion rate of .007 was obtained...
Some of the notes use this:
"50% of the average of the five lowest interday prices for the Company's stock during the previous 20 trading days or $0.01 whichever is lower"

Some of the Tangiers notes use this:
"“Conversion Price” shall be equal to fifty percent (50%) of the lowest trading price of any day during the twenty (20) consecutive trading days prior to the date on which Holder elects to convert all or part of the Note."

Not 50% of today's HIGH, or yesterday's HIGH...
50% of the LOWEST price of ANY day in the last 20.

A conversion rate of ".007" would mean the pps has NEVER fallen BELOW .014
ANY time in the last 20 trading days???

Say WHAT???
AND THE ASSUMPTION IS BEING MADE THAT THE NOTE HOLDERS DID NOT KNOW...
MAYBE THEY ISSUED CONVERSION NOTICES A MONTH AGO???
Like MAYBE when FROZ first announced the big "merger"???

What would 50% of the LOWEST pps in 20 trading days be THEN???

MAYBE this is just another "third party" pump by Tangiers/Long Side/Taconic etc. to DUMP their convertibles???
Oh...wait...that kind of thing NEVER happens!!!

ROTFLMAO!!!

[diannedawn]

Sorry...the FACTS have finally been revealed
Tangiers got
"In March 2014, in accordance with convertible notes the Company privately issued 181,300,720 shares of common stock to Tangiers Investors, LP to retire $107,155.49 of principal and interest in convertible debt"
NOT

$100K converted at .007 is only 14M shares

So much for putting the convertible boogyman to rest!LOL!
and that was just PART of the shares Tangiers received!
http://www.sec.gov/Archives/edgar/data/1486526/000135448814002889/froz_10q.htm