Correct
The terms under the "Now Therefore" heading are the new upholding terms of the contract.
WHEREAS: as in before. “Whereas,” “decretal” or “recital” language can sometimes be used to interpret the intended meaning of an agreement, it CANNOT be used to contradict those other terms, or to create an obligation where none is ever clearly stated.
“Whereas Clauses” are not generally binding in courts. OFTEN Placing language in “Whereas Clauses” is to make non-lawyers think they received a promise when they did not and is an old but common legal trick.
THEREFORE: (as of now)
NOTICE the WORDING ("IF on any trading day"
Pg.3 Sec 3 (c) The PRIOR ORDER is FINAL, BONDING AND NON-APPEALABLE REMAINS IN FULL FORCE AND EFFECT
Also notice the clause put in about STOCK SPLITS at the end of sec 3C.
IMO REVERSE SPLIT is coming. Only way that will guarantee .01 and ending IRONRIDGE. If that's APT's goal.
I have been told by a few on here (see my previous posts) that there's a "12-18 month waiting period before APT can do stock splits but NOBODY has been able to prove this! I have not seen any such rule in SEC OR FINRA. I know there are preferred shares that have a 12 and 18 month lockup period but never seen anything for stock splits on APT/FROZ or general rules for all reverse mergers. Again if anybody can give a link that says different please do so. Until then IMO a RS is on the horizon.
8k
NOW THEREFORE all parties herby STIPULATE AND AGREE as follows:
1. Plaintiff (IRONRIDGE) agrees to enter into the subordination agreement requested by the defendant (APT GROUP)
2. IF on any trading day following entry of the order approving this stipulation until the end of the calculation period the closing price of the common stock on OTC pink current Information or current exceeds $0.01 per share ("trigger date"
The final number of shares of common stock to which the plaintiff will be entitled to under order ("FINAL AMOUNT"
3. Defendants (APT Group) shall fully comply with their obligations under the prior order. Defendant acknowledges and agrees that: (a) All calculations and Additional Issuance Requests provided by the Plaintiff to date are accurate and correct in all respects; (b) Plaintiff has at all times fully and completely complied with all of its obligations under the prior order; and (c) The PRIOR ORDER is FINAL, BONDING AND NON-APPEALABLE REMAINS IN FULL FORCE AND EFFECT and neither party has the basis to contest, revoke, appeal, challenge or modify the prior order. All numbers in the prior order and this stipulation (OTHER THAN THE CLAIM AMOUNT) will be proportionally adjusted as necessary in the event if a common STOCK SPLIT or combination.
http://www.sec.gov/Archives/edgar/data/148652..._ex991.htm
MTVX Stock Message Board http://investorshangout.com/APT-Moto-Vox-Grou...TVX-87784/
Because if you read the court docs it says "PRIOR ORDER IS STILL IN FULL EFFECT". The only thing added was the "trigger date" stipulation and an agreement for ironridge to take a subordinate position. The old agreement will still be used in calculating IRONRIDGEs shares if the stock doesn't reach .01 . It's just a modification
Are you out of your mind? In what world the OLD contract supersedes the NEW contract, that the old one was replaced with? You can't just pick and chose which agreement to be enforced. If that was the case there would still be slavery and racial segregation in this country... Hell, if that was the case we would still be a British colony.
In my opinion, MTVX, will reduce the debt with Cerner money and push this share price up to .01 by purchasing shares off open market could be prior to the receipt of Cerner money. Once above .01 reduction in a/s will increase value and funding will be much more achievable with less shares to dilute on market. They are working vigorously on increasing shareholder value and there is no better position I would take can this one. This 8k marks "bottoms in"..
There you go exactly! Another diluter with way less shares than IR will be diluting if they continue at this price. 8-k is really positive so stop being so negative without understanding why the deal was made.
You know at .01 with 6 billion shares that's still only a 60 mil market cap.. let's see what the inevitable, long awaited and deadline - passed fins tell us about revs, then we'll see a corresponding cap higher than 60 mil IMO
Lol hth
GO MTVX
Lol ok bro... I'll be pulling this post back up when we close at .0015 or below next Friday .. "IronRidge will subordinate its security interest to the Company’s current financing partner" it says ironridge will step back and let another financing partner dilute.. MY POINT EXACTLY. . NOTHING CHANGES IRONRIDGE STEPS BACK SOME ONE ELse STEPS IN. Proof of this is when apt issued another 63 million shares on the 20th. The dilution won't stop even if ironridge stops.
If pps doesn't go up at .01 by march then i would sell. but you can't ignore the fact that mtvx is in a better position right now to drive the pps up than yesterday. The odds are in our hands now so if youre shortie on this cover asap then just short again on march if youre smart enough.
Crap look for the meaning of subordinate. I'm explaining this in layman's terms. Done with you
Agree with you, rewarding employees for all that they do is great sign of a company with vision.
IR isn't the only diluting scum on this stock that's my point. So now based on IR not being the only institution that's diluting. What happens if the stock doesn't reach .01 what happens then?? Pease answer..??? You can't base this agreement on a guarantee that the stock will reach .01. You have to account for all possibilities. Yes if the stock some how makes it to .01 while other institutions are diluting then yeah IR will get paid off early and they will be out ... but what if the fact that the os is 6 billion and rising and never reaches .01 what happens then??? Waiting for that answer ..
The modification was the addition of the Trigger date if it reaches .01.. but if the price doesn't reach .01 then they will still use the old formula and the "new order" is not used... THE OLD ORDER IS IN FULL EFFECT . It modifies. IF and only IF it reaches .01. If it doesn't ...then you can figure it out
Wow please think before posting. Pps will not be at .015 by next week and nobody says that. By the end of calculation period which is around march 2015, if the pps is over .01, IR will receive all the shares they are due and they have agreed to these terms. Meaning they will not receive more shares until march which is enough time to get the pps up without a diluter scum like IR.
MTVX - One of the first actions of company management was to carve out and set aside 500 million shares for an employee EQUITY COMPENSATION PLAN when it took over the FROZ shell. Just think about that for a moment...April 10th, 2014...Set aside 500,000,000 shares at the beginning?? What scam does that?
Quote:
The purpose of this 2014 Equity Compensation Plan (“Plan”) is (a) to ensure the retention of the services of existing executive personnel, key employees, and directors of Frozen Food Gift Group, Inc. (“Company”) or its affiliates; (b) to attract and retain competent new executive personnel, key employees, and directors; (c) to provide incentive to all such personnel, employees and directors to devote their utmost effort and skill to the advancement and betterment of the Company, by permitting them to participate in the ownership of the Company and thereby in the success and increased value of the Company; (d) to allow vendors, service providers, consultants, business associates, strategic partners, and others with, or that the Board of Directors anticipates will have, an important business relationship with the Company or its affiliates, the opportunity to participate in the ownership of the Company and thereby to have an interest in the success and increased value of the Company; and (e) to compensate service providers, consultants, business associates and strategic partners who have provided services to the Company and who are willing to receive compensation for services rendered in the form of the Company’s common stock ("Common Stock"
Make no mistake about it...MTVX is going much higher than .01 IMHO!
No where in there does it say ironridge will back off till March lmao.. no where does it say that ... what it does say is the PRIOR ORDER will remain in full effect till the end of the calculation period or March 7 whichever is later..and the only modification of the formula is the addition of the Trigger date. If the stock doesn't reach a penny then it still uses the old formula.. I'm not saying it can't reach .01 I'm saying it's not impossible for it stay where it is.. IR isn't the only debt holder that is keeping the price down
8k was very positive when dissected correctly. The truth is IR is agreeing to let the price go up to at least a penny before any more dilution takes place, also they are limited to receiving 388 million additional shares at Max as long as a penny is achieved. It's in the best interest of all involve to allow MTVX to breathe a little. This is a newly listed company that has huge promise. Other companies that lend money to them and take shares as there payment also want the price to go up so they make more on there loan. These lenders aren't stupid and realize they are lending money to a winner. Third and fourth quarter will will be epic, and many will wish they bought more or held. GLT us
When we are still at .0015 or less next month then what's going to be the excuse this time ?? Everyone was saying that the price was going to pop this week because the deal with IronRidge was done on the 19th. If it was done why is the pps still stuck??
This basically tells us that IR is out of the picture til' march and if you think the price will not reach .01 at that point then youre damn wrong coz a lot of investors are just waiting for IR to be gone. You will the start on monday scumeater.