APT MotoVox Group Inc. (MTVX)

[Kool Aid Man]

APT was founded in 2007...it's nearly 7 years old so it's hardly some new start-up. Troy Covey has been running things from the start. Less than a year earlier (2006) he filed Chapter 7 bankruptcy for himself and his co-debtor church and filed again in 2014. So he's repeatedly proven incapable of managing money. Basically he has no work experience other than that of an evangelist and a failed rent house investor.

The audit posted today proves APT sales peaked in 2012 and retracted significantly (40%) in 2013. Did anyone see any claims regarding how much profit per sale the company generates over and above what it costs them? Is it 5%? 10%? 20%? Frankly $10 million in "gross sales" is meaningless of you lose money or barely break even on every unit sold.

All the stock owned by all investors is currently pegged at $4.1 million with 13-14 billion common shares left to drop. As of Dec 2013 the company was over $20 million in the red according to the audit... and they're still borrowing money.

By all means.. buy all you like. I just think shares will be a helluva lot cheaper --if not worthless-- in the months to come.