Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
It's a legal term in this instance:
http://legal-dictionary.thefreedictionary.com/covey
http://legal-dictionary.thefreedictionary.com/band
Other examples where the same phraseology is used in contracts:
https://www.google.com/#q=Contract+language:+%22sell%2C+covey%2C+transfer%22
Again, they are not selling it to 'Covey'. It's very clear who the buyers are:
THIS ASSET PURCHASE AGREEMENT, (this “Asset Purchase Agreement”) is made and entered into as of the 8th day of September, 2014, by and between APT MotoVox Group, Inc. (hereinafter referred to as “MotoVox” or “Buyer”), on the one hand, and Charles Carothers, doing business as Moto Fusion, International Motorsport Marketing Services, LLC, Cameron Woods, and Missing Link LLC, (collectively, “Sellers”), on the other hand.
That phraseology doesn't pertain to Covey the person.
Not that this was a vote of confidence either.
Surprised they even bothered to file it.
Top of the ibox.
SEC Edgar
http://www.otcmarkets.com/stock/MTVX/filings
8K out -
Item 5.02 Election and Departure of Officers
Effective May 2015, Wayne Patterson resigned as the Chief Executive Officer (CEO) of APT MotoVox Group, Inc. There is no disagreement with the Company on any matter in connection with his departure. Mr. Patterson has decided to spend more time with his family in his home state of Oregon. The Company appreciates Mr. Patterson’s coordination and transition planning and also thanks him for the valuable contributions and leadership provided to the Company during his tenure.
Mr. Patterson, who has coordinated with management for several weeks on the planning and timing of the transition, will continue to work with the Company as a consultant, focusing on MotoVox and MotoPed product development and strategic planning.
The Company will initiate the search for another qualified individual to fill the role of CEO.
Effective May 2015, H. Colin Ohler resigned as the Chief Operating Officer (COO) of APT MotoVox Group, Inc. There is no disagreement with the Company on any matter in connection with his departure. The Company appreciates Mr. Ohler’s coordination and transition planning and also thanks him for the valuable contributions and leadership provided to the Company during his tenure.
The Company will not immediately seek a replacement COO. Existing staff in both Kansas City and Asia will continue to manage supply chain, manufacturing, and assembly processes.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
Being subjective and all ...
It appears to be *Prometheus juxtaposed with Ren and Stimpy's Mr. Horse head mashup on a bovine.
Still unsure if that's a taser or a laser gun though ...
Had to dig up this old post along with my recollection of your affinity for 'art' ...
Be sure to save all your kids fridge drawings, you never know ...
“The Field Next to the Other Road” sold for $37.1 million. Credit Christie's
Be sure to save all your kids fridge art, you never know ...
“The Field Next to the Other Road” sold for $37.1 million. Credit Christie's
http://www.nytimes.com/2015/05/14/arts/design/art-auction-sales-at-christies-top-1-billion-this-week.html?_r=0
Lol ... I swear you had made that up before I looked
About that NE approach ... that is indeed 'at' and not 'of', yes?
It’s America’s sky-mappers who have gone to the greatest lengths to localize its skies. Near Kansas City are BARBQ, SPICY, SMOKE, RIBBS, and BRSKT. Near Detroit is PISTN; also MOTWN and WONDR (Stevie, Michigan-born).
Fascinating read.
From the same link:
Which Companies File Reports With the SEC?
In general, the federal securities laws require all but the smallest of public companies to file reports with the SEC. A company can become "public" in one of two ways - by issuing securities in an offering or transaction that's registered with the SEC or by registering a class of the company’s securities with the SEC. Both types of registration trigger ongoing reporting obligations, meaning the company must file periodic reports that disclose important information to investors about its business, financial condition, and management.
They are a SEC reporting company.
Which Companies Don't Have to File Reports With the SEC?
Smaller companies - those with less than $10 million in assets, or fewer than 2,000 shareholders of record - generally do not have to file reports with the SEC. But some smaller companies, including microcap companies, may choose voluntarily to file reports with the SEC. As described above, companies that register with the SEC must also file quarterly, annual, and other reports.
This has been gone over ad nauseam prior:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=102737910
Yep. The sales pitch here wasn't quite so extreme but the numbers certainly didn't jibe between what they were supposedly doing rev. wise (prior) and what actually got filed from my recollection.
Keep the math fuzzy and the verbiage grey-ish and you can pretty much get away with anything.
This is what I was referring to:
https://www.securitieslawyer101.com/2015/big-apple-consulting-mark-jablon-and-mark-kaley-lose-appeal/
It certainly reminded me of what took place here early on.
Not really. They can't rely on that as it doesn't pertain to penny stocks.
There was a recent case I'll have to try and dig up. It actually pertained to a company that could rely on the safe harbor but it didn't protect them ... ah, now that I think about it, think it had to do more with promoters.
Can they still RS? or do they have to get current first?
Does it limit their borrowing ability? I would think any lender, even toxic lenders, would want the company to be current.
What can they do with the Cerner money while no one is watching, so to speak? I know the company can buy the preferred shares from specific people but I would think they would have to file first before that happened.
That's correct, as was stated in that example "Finra's refusal to process ".
But the split doesn't go 'through' the state it's domiciled in ...
They pulled a stunt there, putting the horse before the cart:
Prior to submitting its reverse-split application to Finra, EcoloCap had processed the change with the state of Nevada, where the company is registered, and obtained shareholders' permission to reduce its number of shares.
Before 2010, states had the main authority to approve or disapprove of actions such as reverse splits by companies whose shares were traded over the counter.
But then the SEC approved Finra Rule 6490, which required companies to notify Finra of actions such as reverse splits, dividends or name changes. It also gave Finra power to conduct reviews when such actions were proposed and to refuse to allow the actions when it received incomplete paperwork or when it saw indications of potential fraud.
Finra used its authority under Rule 6490 to deny EcoloCap's reverse split, even though the company had already amended its articles of incorporation on file with the state of Nevada, making the reverse split effective under state law, Anthony wrote.
My guess is the SEC / FINRA wouldn't let the reverse split or raise the A/S ...
He should just change his name to 'Butter' ...
The caveat being that's what should happen. Can't recall an active, (for a lack of a better word) ticker suddenly failing to file. Usually the tendency is one's with little interest fading off until they get suspended.
One of the more hilarious examples was with a ticker I was familiar with. After various shenanigans and failure to ever bring their reporting current, it went pretty much dormant. They finally suspended it. So what did they do? They filled a 15-12G to deregister and go dark ... after the fact.
The irony was back when it was getting some attention, they had filled to go dark and then pulled it in an attempt to make it appear they were going 'legit'.
Short of going dark, they'll have to be audited.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=102737910
Would think if they were going that route it would have happened before they filled the NT 10K.
Can the original extension be renewed by a second filing?
No. Issuers receive only one automatic extension per filing. In the absence of extraordinary circumstances, as determined in the sole discretion of the SEC’s staff, no further extensions are available.
What happens if the issuer fails to file the report by the extended deadline?
The obligation to file annual and quarterly reports originates in Section 13 or 15(d) of the Exchange Act, and the rules promulgated thereunder (see Rule 13a-1 and Rule 13a-13). The SEC has the power to enforce its rules by instituting enforcement actions against a delinquent issuer and/or its officers and directors seeking monetary or other penalties, including revoking the issuer’s registration pursuant to Section 12(j) of the Exchange Act.[2] In the absence of egregious and/or repeated violations, or inferences of fraud, however, the SEC is more likely to rely on the stock exchange(s) to police listed companies. Section 1002(d) of the NYSE Amex's Company Guide, for example, permits the exchange to suspend trading or delist a company’s securities altogether for failure of the company to file its quarterly annual reports. The OTC Bulletin Board has a more specific “three-strikes” rule, FINRA Rule 6530(e), that prohibits the OTCBB from quoting the securities of any issuer that is delinquent in its reporting obligations three times in a 24-month period.
http://www.mbbp.com/resources/business/rule12b-25.html
That was awesome! Lol ...
Made my day. Bravo to those kids and their instructor.
A god among men ...
New live CD\DVD out as well.
:) Same here. If you get a chance check out the HS special, it's really well done.
Funny, I watched the original 10 Commandments last night, wow ... the acting is really ... bad. But it still had that certain nostalgic, simplistic aspect to it.
Not that I need to add my own injury to insult, but we are 0-10 in season openers of late.
So you got that going for ya ... :)
Have been intrigued, fascinated by this as long as I can remember.
http://www.nationalreview.com/article/416411/what-does-shroud-turin-prove-about-easter-myra-adams
The History Channel did a tremendous job if you get a chance to catch it.
Date correction - Sept. 2014 changed to Dec. 2014
Vol. 20,996,368
PPS. A chunk of that @ .00009
One of managements kids?
Sorry but that's a crock. When it suited them and they needed to help unload billions of shares they were more than chatty, PR'ing and 8K'ing at a constant clip.
Sure it's a low priority now, the damage has already been done.
It's an insult to injury for the peeps that even allowed them to get this far and their thanks for that is to fail to live up to even one simple promise, a mere quarterly shareholder update.
On the flipside I hope your business flourishes on the Island, honestly. Just no reason to slight those with legitimate gripes, they have done a piss poor job of even showing a hint of concern for those that got them here.
... signing up for social listening tools and keeping a close eye on your social media presence
The sheer ... irony or (insert your choice of verbiage)
https://www.google.com/search?q=%27APT+MotoVox+Group+Inc.#q=APT+MotoVox+Group+Inc.
Maybe their using Google Braille
Interesting article:
http://www.jenningssocialmedia.com/social-media-marketing/revving-up-sales-how-the-motorsports-industry-can-use-social-media-to-sell-bikes/
Excerpt:
Social Listening
As Mike Lee, vice president of GE Capital, says in BusinessWire, “Social media is a great source of free market intelligence.” Social listening allows you to see what your customers are saying about you online. By monitoring common review sites, signing up for social listening tools and keeping a close eye on your social media presence, you can find a real-time feed of what consumers actually think of your motorsport brand. From there, you can craft strategies to improve on weak areas and keep doing the things that customers love.
They choose to use or rather, abuse it.
Besides, any disclaimer, safe-harbor or not isn't a license for making up grandiose projections or flat out lying.
It's not a belief, it's the law.
It doesn't apply to penny stocks and despite the multitudes that try and attach it as some sort of safeguard, it cannot be relied upon.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111983116
Moreover, it doesn't apply to penny stocks anyway. The more astute will put a disclaimer to their disclaimer on the order of ....
As an issuer of “penny stock,” the protection provided by the federal securities laws relating to forward looking statements does not apply to the Company.
Although federal securities laws provide a safe harbor for forward-looking statements made by a public company that files reports under the federal securities laws, this safe harbor is not available to issuers of penny stocks. As a result, the Company will not have the benefit of this safe harbor protection in the event of any legal action based upon a claim that the material provided by the Company contained a material misstatement of fact or was misleading in any material respect because of the Company’s failure to include any statements necessary to make the statements not misleading. Such an action could hurt our financial condition.
Here's the law for the adamant:
https://www.law.cornell.edu/uscode/text/15/77z-2
It's been abused for as long as I can remember
So much for the IR adjustment:
' ... until the later of the end of the Calculation Period or March 7, 2015 '
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10169410
If on any trading day after the Settlement until the end of the Calculation Period the closing price of the Company’s Common Stock exceeds $0.01 per share (the “Trigger Date”), the calculation of the number of shares due to IronRidge resets from the low per share price that resulted in excessive dilution to a new, much higher share price that allows the Company to quickly and completely satisfy IronRidge’s claim.
APT MotoVox Group, Inc. is pleased to provide this update and assurances to shareholders that the Company is taking every action possible to bring the IronRidge transaction to a swift conclusion.
"You'll shoot your leg off kid"