APT MotoVox Group Inc. (MTVX)

[RockRoll]

I may be wrong, but I think that's where some of the dilution came into play.

This amount appears to be the same borrowed from WHC Capital.

http://ih.advfn.com/p.php?pid=nmona&article=63351988

On August 20, 2014, the Company issued a convertible promissory note in the amount of $200,000 to WHC Capital LLC ("WHC") pursuant to an exchange agreement whereby two purchased notes valued at $150,000.00 each were assigned to WHC by the Lawrence A. Carrell Trust. The notes were originally issued by American Performance Technologies, LLC, a wholly owned subsidiary of the Company. The Company is to pay the principal amount plus 9% interest on August 20, 2015, to the extent that such principal amount and interest has not been repaid or converted into the Company’s Common Stock

.

And this looks like the same payment plan for Motopeds. So, in essence, the shareholders paid for Motopeds.

The Company will issue 64,102,565 shares of the Company’s common stock to WHC Capital, LLC (“WHC”) pursuant to an exchange agreement signed on August 20, 2014. $50,000 of the $200,000 principal balance will be converted.

So, we paid for the "down payment," and the rest is financed through sales:

http://ih.advfn.com/p.php?pid=nmona&article=63615453

The remainder of the purchase price of the MotoPed Assets is determined by the sales volume of MotoPed units throughout 2014. The Company will pay 25% of the first $1,000,000 of 2014 MotoPed gross revenue to the MotoPed Sellers and 20% of the second $1,000,000 in gross revenue for the same period.

Again, I could be wrong, but if correct - they must be very optimistic about the future with Motopeds ... risky financing
IMO. As many here, down so much, basically (using a poker analogy)all my "chips" are in the pot and we'll see when all the cards are shown.