MTVX Stock Updates 08/13/2014 11:20:12 $MTVX
From the SEC filing:
Quote:
On April 11, 2014, IronRidge and the Company signed documents that, subject to Court approval, modify the terms of the transaction.
Did they mean August 11, 2014 and not April 11, 2014?
Yep, cautiously optimistic here. Still not out of the woods yet but today is looking better than it looked a few days ago. At least we know management is doing something to remedy the issue.
All in agreement bunduru, and at that level it won't take long for the calculation period to end... People need to realize that the daily $$$ total in trading is a result of dilution to the current PPS, and the resulting minuscule amount of $$$ changing hands.. Not only is less $$$ changing hands with the lower PPS, but retail demand is destroyed by the toxic financing deal, as no one wants to buy into a dilution machine.
We'll see a wave of positive PRs coming outta q3 and q4 during their busy season, including the Cerner deal $$$, and the IR dilution @ .01 will be nothing more than a penny on a train track that the APT train is cruising over...
Long and strong here
Yes. It takes 100M shares at 0.01 to pay off $1M debt which could be easily absorbed within 5-10 trading days. I personally think they owe less than that. Also they can't let it drop below 0.01 so it won't be a mass dumping... They will probably let it go to 0.015 - 0.02 before APT resume giving shares to IronRidge. I also think it's in IronRidge best interest to accept the offer given their recent lawsuits and negative exposure... and even possible shutdown. IMO of course.
This 8k sounds like it could be good for us, but I think we have to wait and see what the court rules in 8/18. Based on the track record though I'd wager it'll be another anticipated date that comes and goes leaving us more disappointed with this company
$MTVX-BOUNCE baby BOUNCE!!
No I am not gold, but IR sure is.
They will get what they are owed once the calculation period is done in another year that this snails pace that we are moving at in terms of dollar amount traded in a day
What news? It's already been put out there. I doubt they make an announcement that the shares are now available for sale or I could be completely wrong on this. I don't know all of the rules>
No I know they can't be sold all at once but the news it's self has a negative effect and opens up another Avenue of possible dumping.
We're on the same page (as always) here fubar
Same here, I'm with ya on that.
Or that ALL of those legacy investors are going to want to sell ALL of their shares...
If I had been given stock as an employee and as an initial investor, I wouldn't really care how "bad" of a company it is, I'd ride at least a portion of those free shares into the sunset... But that's just me...
So that means IR will never get the rest of their money owed them right?
That's correct... Not gonna take a billion shares to settle up like it woulda (and has been trending) with the old deal...
I don't think we need to worry about the judge approving the new deal anyways, as both parties are in agreement...
Good news for MTVX land..
IR not done, on hold temporarily until .01, dilute a little more, then gone. That's what I'm taking away from all this.
We all know that, are you insinuating that all these shares will hit the market at one time?
Quote:
My understanding is they will be gone UNTIL we reach a penny, if the judge approves this...
At .01, IR will be back diluting to get the remainder of the balance
That's exactly right. Also, at and above 0.01 should't take too many shares to close the deal with IR.
From the SEC filing:
Quote:
On April 11, 2014, IronRidge and the Company signed documents that, subject to Court approval, modify the terms of the transaction.
Did they mean August 11, 2014 and not April 11, 2014?
Yep, cautiously optimistic here. Still not out of the woods yet but today is looking better than it looked a few days ago. At least we know management is doing something to remedy the issue.
All in agreement bunduru, and at that level it won't take long for the calculation period to end... People need to realize that the daily $$$ total in trading is a result of dilution to the current PPS, and the resulting minuscule amount of $$$ changing hands.. Not only is less $$$ changing hands with the lower PPS, but retail demand is destroyed by the toxic financing deal, as no one wants to buy into a dilution machine.
We'll see a wave of positive PRs coming outta q3 and q4 during their busy season, including the Cerner deal $$$, and the IR dilution @ .01 will be nothing more than a penny on a train track that the APT train is cruising over...
Long and strong here
Yes. It takes 100M shares at 0.01 to pay off $1M debt which could be easily absorbed within 5-10 trading days. I personally think they owe less than that. Also they can't let it drop below 0.01 so it won't be a mass dumping... They will probably let it go to 0.015 - 0.02 before APT resume giving shares to IronRidge. I also think it's in IronRidge best interest to accept the offer given their recent lawsuits and negative exposure... and even possible shutdown. IMO of course.
This 8k sounds like it could be good for us, but I think we have to wait and see what the court rules in 8/18. Based on the track record though I'd wager it'll be another anticipated date that comes and goes leaving us more disappointed with this company
$MTVX-BOUNCE baby BOUNCE!!
No I am not gold, but IR sure is.
They will get what they are owed once the calculation period is done in another year that this snails pace that we are moving at in terms of dollar amount traded in a day
What news? It's already been put out there. I doubt they make an announcement that the shares are now available for sale or I could be completely wrong on this. I don't know all of the rules>
No I know they can't be sold all at once but the news it's self has a negative effect and opens up another Avenue of possible dumping.
We're on the same page (as always) here fubar
Same here, I'm with ya on that.
Or that ALL of those legacy investors are going to want to sell ALL of their shares...
If I had been given stock as an employee and as an initial investor, I wouldn't really care how "bad" of a company it is, I'd ride at least a portion of those free shares into the sunset... But that's just me...
So that means IR will never get the rest of their money owed them right?
That's correct... Not gonna take a billion shares to settle up like it woulda (and has been trending) with the old deal...
I don't think we need to worry about the judge approving the new deal anyways, as both parties are in agreement...
Good news for MTVX land..
IR not done, on hold temporarily until .01, dilute a little more, then gone. That's what I'm taking away from all this.
We all know that, are you insinuating that all these shares will hit the market at one time?
Quote:
My understanding is they will be gone UNTIL we reach a penny, if the judge approves this...
At .01, IR will be back diluting to get the remainder of the balance
That's exactly right. Also, at and above 0.01 should't take too many shares to close the deal with IR.
