APT MotoVox Group Inc. (MTVX)

[Kool Aid Man]

People buy--Ironridge dumps. That's MTVX in a nutshell

[KAM Quote]:I'm personally convinced they technically were bankrupt as of 2013. This seems confirmed by APT's confession this year that their financial mess caused them to "miss much of their spring business" that year. It's further evidenced by their having to resort to a toxic financier who hijacked all revenues into a lockbox. Additionally this belief is supported by the defection of 5 (five) senior executives in May/June 2013 who joined forces with a start-up competitor. At that same time (May 6th 2013 to be exact) APT let it be known they were seeking to go public. Their first attempt with Protek Capital [PRPM] ran from late August thru mid-December before collapsing.
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There are so many red flags here its FUNNY...
Isn't it FUNNY that they managed to get a 9 Million credit line with TCA???
I don't think they CARED about signing (12/31/13) that agreement with the "lock box", because
1. they KNEW they were going to be having zip revenue coming IN
2. they already had plans to use Schissler's conpany FROZ to go public
3. they knew as soon as the merger was complete, they would use IronRidge to pay off TCA

Isn't it FUNNY that Schissler's Pyrenees Investments facilitated the TCA loan and IronRidge; while his company FROZ, was the vehicle used to gofundme...er, I mean go public...
http://pyreneesinvestments.com/transactions

The fly in the ointment for poor widdle Covey and crew, was TCA put the brakes on, so they only got 2 million in cash out...not the 9 million.

But NO WORRIES because they already had a fleet of social media PUMPERS on the job....and a rm in progress...which would get them 20 BILLION authorized shares....to SELL, SELL, SELL to the public.

BIG Investments LLC never ADMITTED to being compensated, but was touting this on FB...
oddly part of his "team" as posted on page April 15th;
were instrumental in spreading the false information used to PUMP this to .03.

Twitter is another medium used.

FROZ paid (in shares) several "independent contractors" who had strong connections to the CBAI PUMP AND DUMP.

But these are all just coincidences, I'm SURE, LOL!!!

In the rm, Covey and crew, gift themselves common and preferred shares equal to hundreds of millions of dollars...

How does that work exactly???
How do they justify giving themselves that number of shares???
What are the tax consequences of giving themselves shares worth so much;
compared to the ACTUAL value of the whole company???

I don't know...but I'm sure the IRS does...and I intend to ask them!!!

Here's an idea...MAYBE those 5 people left because they knew what was going to happen, and they didn't want any part of it???
(or just had seen Covey in action, and couldn't take it anymore)