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I don't get it. When asked if '16 revs would be higher than '15, all the CEO said was: "let's just say I'm very excited about releasing the next quarterly report.." Then laughter. From what I saw, revs were a bit higher, but the cost for that revenue was way higher, as a result, profit was lower in 2016!
Then add issues with other "noteholders," so dilution not done. Not a quarterly report to be excited about. All it tells me, is a lot of work still needs to be done.
I jumped in VAPE as a Q3-Q4 [and possibly Q1 '17] play anyway -- but, I thought it would be "healthier" than this.
Thanks, GLTY too. I think the revs should be pretty good, he sounded almost giddy when he was asked if VAPE made more money in Q1 '16 compared to Q1 '15.
Hoping they'll pay down some debt. Seems like he's working on an acquisition --- fingers-crossed, time will tell. It's been a rough 6-7weeks.
Thanks for the interview link Kraft and Mtmxs. Well, CEO says he's excited to release the Q1, I know we'll be excited to read it!
I'm hoping it will add that these share conversions that have been going on as of late (as stated in the 8ks) have concluded.
Hopefully, all the shares that were converted to handle the debt have been sold. . . . or least close to it; that would ease this "selling" pressure we've seen this past month. The timing would be good because the Q1 10-q should be out soon.
If the 10-q shows some good (or promising) news in regards to sales, revs, and profits -- then some solid buying should return and the selling would only be folks taking profits. That kind of selling shouldn't hammer the PPS as the share conversion sells have.
And in the Nov '16 election cycle here in California, an MJ proposition will be on the ballot.
Speaking for myself, I'm a bit "8-k'd" out. Bought what I could and am anxiously waiting for the 10-q for Q1 with fingers-crossed.
I realize this is a gonna be a nice Q3-Q4 play, but would like some info on financials and numbers re: sales... and of course, revs/profits.
IMO, I think VAPE is doing this loan consolidation/refinancing, and converting shares --- hoping those shares get absorbed now ... so when substantive news comes out, the "converters" won't stunt the upward momo on the PPS.
Last week's prices of .0048 - .0052 look like a bargain now! Hopefully, today's prices of .0155 - .016 will look like a bargain next week!
Thanks --- Not too bad for a penny play. And unlike many others, this actually has real products, current with filings, and a CEO who's actually "working." VAPE has to deal with debt issues (who doesn't?), and it seems they're trying to deal with that currently.
Am I correct in assuming that these converted shares are added to the float?
Remember, we haven't been proven wrong not once.
That makes perfect sense. And since there are no updates or news from the Co., your info and best guesses have been spot on. If I remember correctly, a couple of years ago when folks were giving us fair warning (I certainly wasn't listening) -- I can't remember if it was KAM, DD, fros6, or scameater -- one of them stated that Covey transferred his debt from his failing real estate venture [imagine that, another poorly run company] to FROZ, now APT. When he files his BK, ALL of his debt will be wiped.
And he can run "new" Motoped Co, debt free, and probably as a private company.
We haven't seen the $20,000? And we're not going to. That's OK, we haven't seen the $1.3million from the Cerner deal. Somebody has, his initials are TC, but not us.
And in 2015, we haven't seen a bid, good consistent volume, filings, a rise in PPS, etc.
Oh, and we investors haven't seen any news or updates. . . .
while on the other hand:
https://www.monstermoto.com/news
That was last year:
PIRAEUS, Greece, Dec. 16, 2014 /PRNewswire/ -- NewLead Holdings Ltd. (OTC: NEWL) ("NewLead" or the "Company") announced today that the Company reached a full and final settlement with Ironridge Global IV ("Ironridge") on December 11, 2014 of all disputes between the parties. Pursuant to the settlement, the arbitration proceedings between the parties referred to in the Company's press release of June 5, 2014 has been discontinued, and the Share Subscription Agreement entered into on March 4, 2014 and the other related transaction documents, including the Series A Preference Shares, Promissory Notes and Irrevocable Letter of Instruction, have all been terminated and canceled.
Ditto! And you can add Kool Aid Man, scameater, & fros6.
A reverse merger is the sneaky way to go public, a path uncluttered by expensive lawyers making sure that regulations are followed and all of the necessary disclosures are made to the public. The lack of that pricey due diligence, however, means more risk to potential investors.
Well we all know how that went. The "insider' information must have been extremely bullish & painted a rosy picture. Though one is not supposed to act (either buy, sell, or tell others) when given information -- he continued buying [I assume] from the .01 range at an alarming rate, all the way down to .0001!
One thing is for sure, Covey is consistent.
I learned my lesson last year, and I don't make predictions here anymore.
But, I will speculate that next year -- in early March, Caesar will be stabbed in the back, turn and say: "Et tu Troy?!"
Our MTVX investment in our portfolios would suggest otherwise.
For those wondering about the SEC and where they are:
https://www.sec.gov/contact/addresses.htm
However, I could care less. I invested in APT -- not the SEC. I lost money (yeah yeah I know, it's not a loss until I sell, etc etc) with MTVX!
Where are the filings & financials? When will they be Current again?
Where are shareholder updates and news? What are the plans re: the SS?
These are the questions a shareholder should ask . . . these, and why didn't we listen to others who gave us fair warning over a year ago?
My bet is on B/K
I only remember the "quiet period" mentioned here when someone posted a response from Paul K who stated that the quiet period was explained to him, and that it made sense.
That was before summer, and of course Paul didn't say what that explanation was.
I understand "info blackouts" from companies, which are usually followed by news of deals and/or contracts --- but, those blackouts last for 3-6weeks.
And as you already know ... going on a year now!
Thanks FUBAR --- been catching up here and noticing you fighting the good fight.
Between all of us posters here, we're holding over 1billion shares of this Company. Nobody wants this to succeed more than us. But, until those other issues are addressed, everything else is just "noise."
This silence is doing one thing for sure. As the one year anniversary passes for a news release or filing release, it gets removed from the "Recent News" box. The release from Oct 24, '14 concerning the 8k was removed. On the 27th will be the release regarding the "Record Number of Distributors Request and Dealers." And so on.
If the silence continues, in a few months, the box will be empty.
And one type of penny company has and empty News box, no bid, no volume sitting at .0001 (and delinquent in business fees with an SOS, filings, and taxes) -- and that is a scam company -- I've seen it before.
But, unlike those companies, this one does have products - just a God awful CEO and management team. If there is any hope, the CEO and management have to be replaced.
True. They could sell 200 units to Missouri for their Lottery promotion, and even another 500 bikes on top of that -- but if there's no filings and disclosures of financials, all that $$ could just be easily deposited in a private account after expenses.
We still don't know how the Cerner money was spent (paying off debt, R&D, or just deposited in a private account).
My only hope is that the initial investors who put initial investment into APT, and were given millions of shares, which in turn translated to billions after conversion; did not suspect they'd be sitting on worthless shares, at .0001 with no volume.
Those legacy investors should have enough shares and voting rights for a regime change.
Exactly!! And as usual, spot on!
Questions come up regarding Facebook stuff, and the Company responds on Facebook... WHO CARES about Facebook, Instagram, Twitter, et al?
MTVX should be addressing "official" filings, going back to Current, and informing shareholders about REAL Company business/news [good or bad] - things that effect the PPS, not about some hacking of a Facebook account!
Lack of real news allows all sorts of folks to speculate and "create" their own news. Now we're stuck on patents, spin-off, etc. I was getting tired of the Dodge Bros news anyway.
Yup. I just hope that they're just as frustrated as we are with Covey and now that Corey has a few people with him in his new venture, they may tangle with Covey.
MTVX appears to be selling the Motopeds, but not enough to deal with their debt --- and even if they did, I doubt Covey knows how to spend the money legitimately [how was the Cerner $$ spent? Who knows?!].
MTVX may be forced to go into BK and Corey and crew may swoop in and wrest APT from Covey absorb it with his new Co. Retire shares, [hopefully] IR will lose the hearing this Winter, filings begin and maybe us shareholders may actually be invested in a real Company.
For now --- just a dream.
All this excitement on the board over what?? Nothing! No release by Company, no filings, no announcement of paying fees with Delaware SOS, or Current info --- nothing. Facebook, Twitter, Instagram, etc. does not count.
The "Recent Apt MotovoxGroup News (MTVX)" box hasn't had anything for us shareholders in a while. In October we will catch up with releases. As a release passes the one year mark, it is then removed. By May of next year, that box will just show "No recent news articles."
I saw it happen before. They (PERL) were no longer Current, got the "STOP" sign at the OTC, stopped filings, and delinquent fees with Nevada SOS. Sound familiar? And finally, they stopped communicating with shareholders. People were mentally "just holding on," defending the "quiet time," with one explanation after another ... like here. Last news release there was July '12.
Just awful. MTVX had so much more potential too.
Mismanagement in the highest order.
As always -- good point. Can't understand why one reference's the BOB when 80% of the posts which put it there are negative.
Very well put!
Testimonial from a MTVX Investor:
"I invested in MTVX with high hopes and thought the products were very interesting - with great potential. However, I should have listened to others about the management. As a result, my investment is down over 95%! What I am truly amazed at is the speed in which my investment crashed. Even my friends & neighbors had to stop and tell me they were surprised at the incompetence and lack of respect for shareholders the leadership at MTVX have shown."
RockRoll
Misery, CA
Not to worry --- another appearance on the BOB should fix everything . . . smh. Thanks for the info.
...when these clowns are gone.
Yes, she is on a roll [actually, she always was]... her postings paint an accurate picture and coincides [and reflects] the abysmal charts that are occasionally posted here --- though some would say those charts look "awesome." Crazy.
Yup, zilch. IR (or their friends at Dragonox) would probably give up any outstanding shares they still have --- and if their $2.5 million dollar investment (loan, whatever) netted a ludicrous profit (ie. 10-14million dollars) while pile driving the PPS . . . some money damages may be awarded to the Company [but nothing spectacular and nothing for the investors].
Nothing like the $1.8million APT got after the Cerner deal. What happened to that money? How was it spent, invested, etc?
Shareholders in the dark then, and if the Company does get money awarded to them, we'll still be in the dark.
Yup, it's safe to say -- one needs to look no further than the stock's charts, one of which is "stickied" in the iBox for all to see.
Awful ... just awful ... and sad.
The charts look dismal! They're about as interesting as the daily [and useless] R/S inquiries!
Completely agree! As I mentioned here before, several years ago I was invested in a scam and they're in their 3rd year of "going dark." The SEC never got involved and were a non-issue.
The signs are the same, the filings stopped ... the business entity fee to the SOS (in that case it was Nevada) stopped, then they went dark. So similar, so painful.
BTW, this is the LAST OTC penny I get involved in --- always had better results in mid and big cap companies.
Yup, IMO I think the hype started when Universal Studios (I think) was throwing the opening premiere bash for Fast & Furious 8. Dodge was heavily involved in the movie with their cars and supplied some "show vehicles" for the event. This included one Motoped with their logo on display. It was advertisement and name placement for Dodge ... apparently, nothing more.
Then it morphed into some big Dodge deal, but only here on this board. Of course when folks speculated [and that's all anyone can do when a Company goes dark, is speculate] that a deal was afoot -- I hoped it was true. But, what followed was no news; and then delinquency in filings.
Now, we'll be lucky of MTVX can be sold as a shell.
I hope not --- too embarrassing.
No --- that requires some sort of filing --- and apparently, MTVX seems to be adverse to that.