MTVX News 08/23/2014 07:22:38 $MTVX
yes new contract but as stated only applies if the new condition is met, the .01. So no not done till they reach .01 or the old 50 mil in wvap.
"Approval of Stipulation "
meaning condition"
for Settlement of Claims"
New condition is .01. How it gets there idk but have some ideas! yippie!!
LATER TO THOSE IRONRIDGE SCUMBAGS ! BYE BYE!
MTVX Stock Message Board http://investorshangout.com/APT-Moto-Vox-Grou...TVX-87784/
On August 19, 2014, the Superior Court of the State of California for the County of Los Angeles – Central District approved the Order Modifying Prior Order for Approval of Stipulation for Settlement of Claims (“New Order”).
It's done...approved...modified....IR going bye, bye....
Get ready for a great turnaround for the penny with the most potential on the OTC. About time. $MTVX
I am not sure how you achieved your interpretation. Was there a problem with the fact it is a NEW court order that the judged signed? Did you see that this order created a "settlement" of IronRidge shares? It's gone soon as investors understand that.
$MTVX
I figured you would know when it was going to be released sense you appear to be "tight with management" The fact is IF the price DOES NOT get to .01 this new updated contract with IR does NOT MATTER and the old one will be upheld. Question what happened to your proposal to apt on the retirement of the preferred shares and does APT have to be rid of IR BEFORE it can sell any assets ?? (Like there building to Cerner)
If that's the case they better hurry up on that .01. Sept is a big month, we have legacy shareholders being unrestricted and a closing for the sale of there building.
1. Didn't I said that 8-K release on Aug 22 2014?
2. Didn't I said that SMM's will be taking over IronRidge and WHC Capital will trade above $.01 bring an end to IronRidge dilution?
3. Didn't I said that Costco will place the order with APT for 25,000 units before the Holidays Season coming soon?
4. Didn't I said that APT is a real company with real revenue, real products and real Technology?
With being said, APT will hit above $.01 soon.
http://ih.advfn.com/p.php?pid=nmona&article=63351988
$MTVX
Pistol Pete!
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" , ("THEN the current sentence of paragraph 7 of the prior agreement shall be superseded" in pg.2-sec 2
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" , THEN the current sentence of paragraph 7 of the prior agreement shall be superseded and replaced by the following:
The final number of shares of common stock to which the plaintiff will be entitled to under order ("FINAL AMOUNT" will be the number if shares issued to the Plaintiff as of the Trigger Date plus that number of shares with an aggregated value equal to (a) The Claim Amount plus 7% agent fee, and reasonable attorney fees and expenses, (b) Divided by 80% of the following: The closing price of the common stock in the Trigger Date not to accede the arithmetic average of the individual volume weighted average price if any five trading days from the Trigger Date until the end if the Calculation Period, less $0.002 per share; all as reported by Bloomberg Professional Service if Bloomberg LP ("Bloomberg"
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
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.
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.
yes new contract but as stated only applies if the new condition is met, the .01. So no not done till they reach .01 or the old 50 mil in wvap.
"Approval of Stipulation "
meaning condition" for Settlement of Claims" New condition is .01. How it gets there idk but have some ideas! yippie!!
LATER TO THOSE IRONRIDGE SCUMBAGS ! BYE BYE!
MTVX Stock Message Board http://investorshangout.com/APT-Moto-Vox-Grou...TVX-87784/
On August 19, 2014, the Superior Court of the State of California for the County of Los Angeles – Central District approved the Order Modifying Prior Order for Approval of Stipulation for Settlement of Claims (“New Order”).
It's done...approved...modified....IR going bye, bye....
Get ready for a great turnaround for the penny with the most potential on the OTC. About time. $MTVX
I am not sure how you achieved your interpretation. Was there a problem with the fact it is a NEW court order that the judged signed? Did you see that this order created a "settlement" of IronRidge shares? It's gone soon as investors understand that.
$MTVX
I figured you would know when it was going to be released sense you appear to be "tight with management" The fact is IF the price DOES NOT get to .01 this new updated contract with IR does NOT MATTER and the old one will be upheld. Question what happened to your proposal to apt on the retirement of the preferred shares and does APT have to be rid of IR BEFORE it can sell any assets ?? (Like there building to Cerner)
If that's the case they better hurry up on that .01. Sept is a big month, we have legacy shareholders being unrestricted and a closing for the sale of there building.
1. Didn't I said that 8-K release on Aug 22 2014?
2. Didn't I said that SMM's will be taking over IronRidge and WHC Capital will trade above $.01 bring an end to IronRidge dilution?
3. Didn't I said that Costco will place the order with APT for 25,000 units before the Holidays Season coming soon?
4. Didn't I said that APT is a real company with real revenue, real products and real Technology?
With being said, APT will hit above $.01 soon.
http://ih.advfn.com/p.php?pid=nmona&article=63351988
$MTVX
Pistol Pete!
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"
, ("THEN the current sentence of paragraph 7 of the prior agreement shall be superseded" in pg.2-sec 2 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"
, THEN the current sentence of paragraph 7 of the prior agreement shall be superseded and replaced by the following: The final number of shares of common stock to which the plaintiff will be entitled to under order ("FINAL AMOUNT"
will be the number if shares issued to the Plaintiff as of the Trigger Date plus that number of shares with an aggregated value equal to (a) The Claim Amount plus 7% agent fee, and reasonable attorney fees and expenses, (b) Divided by 80% of the following: The closing price of the common stock in the Trigger Date not to accede the arithmetic average of the individual volume weighted average price if any five trading days from the Trigger Date until the end if the Calculation Period, less $0.002 per share; all as reported by Bloomberg Professional Service if Bloomberg LP ("Bloomberg" 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
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.
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.
