APT MotoVox Group Inc. (MTVX)

[Sharktnk]

They are a SEC reporting company and will continue to file with the SEC regardless of what 'Tier' they are listed under with Pink Sheets\OTC Markets ...

Theoretically, they could always file to de-list\go dark from reporting obligations (With the SEC) but that's pretty far fetched at this point.

For anybody that doesn't know\understand ... Pink Sheets\OTC Markets is not a regulatory agency. They are a for profit enterprise. They do not revue content and are only concerned with whatever stipulations they apply to have their demarcation\status under their headings and that you pay your fee.

Using the term 'listing' is a misnomer, again, Pink Sheets\OTC Markets has no regulatory authority and is not an exchange.

But don't expect much after that when it comes to audited financials untill they leave the pinks.

Their SEC requirements are that annuals (10K) be audited. 10Q's do not have to be audited.

And what get me the most is that APT has yet to address the fact that they where just delisted.. that to me seems like a major development.

It's not, because they haven't been 'delisted' from anything. All this commotion over OTC\Pinks .01 requirement is a ruse to squeeze higher fees out of their participants while trying to persuade the public that it's holding these companies to a higher standard.

Think this ultimately going to backfire on them. Whether they have the moniker 'Pink' or 'QB' is already blurred because SEC filing companies are under SEC filing obligations regardless. For a great many of these companies their alternatives are to R\S to breach the penny threshold or to just forget the whole thing and go dark. Why pay the expense on both ends if they are going to push you off their silly 'tier's' anyway?

The more likely outcome is that it will just be ignored. The SEC filers that have any legitimacy will continue on with their obligations and the OTC\Pink can call 'em whatever they want.