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That's for sure! --- with the PPS at .0001, it's certainly not the shareholders.
I think it was last week ...
And to others, another "successful week."
I think an 8-k announcing Covey's departure [and a replacement who actually has a successful business past] would do wonders for this stock alone.
So so true ---
Sadly some aren't interested in facts here.
I'm not married, but I think my future wife did find out how much I put here --- and left me.
And the steady stream of investors removing MTVX from their "My Stocks" queue continues. Sheesh, this is so sad.
That is true ... so true. On a side note, it's refreshing seeing the name "Monster Moto" when it's not written in all CAPS.
Yup, we can only hope. Also, in regards to the early investors who gave APT cash to "start" things at APT and received the preferred shares which recently converted (I assume ... a filing would be nice) -- and last year saw this at .025; I can only imagine the hopes and excitement they felt what their shares would be worth when converted a year later [as were we!].
Well, they're sitting on billions of shares at .0001, at No Bid, and little to no trading.
Hoping they're in contact with each other, and in disgust; and organize a coup to replace the CEO. Covey can keep whatever shares he has, and can watch "how it's done," by the new guy/gal.
Just hoping I guess.
Well, at least we now know where the Cerner $$ went.
Crap ... not good at all. This crazy scenario is the same as
another company I invested in that turned into a scam. Volume dried up, PPS plummeted, they stopped filing, then they stopped paying their State's [Nevada] SOS Business Entity fee.
That company folded before they could do a share dilution plan to "improve their balance sheet."
The worse part is that here, there was so much more potential --- AND there were many more canaries in the mine shaft too (KAM, DD, fros6, scameater, arizzle, just to name a few).
I really thought this was "it," so sad ... for many of us.
Thanks for the info.
Like TWO sore thumbs ---
Hopefully --- that would be nice.
Agreed. We are all adults, and no matter how ugly, MTVX has an obligation to the shareholders and to themselves to show that they are a legitimate company, to file ON TIME!.
If numbers are not pretty, file them anyway, we can take it -- since our metal was toughened by watching the PPS go from .025 to .0001!
By even missing the late filing deadline, they now have the Yield sign assigned to their ticker at the OTC - and have now joined the league of garbage companies of the OTC.
We know there's potential here, and we know mistakes were made - but at least respect the shareholders who have been "footing the bill" with timely filings and some (any) news!
Per ETrade, is shows 8.2billion-ish shares.
Still waiting on [late] filings to get a better picture
of the OS.
A couple more billion shares should've been converted in March/April.
Breakout board is meaningless.
Looks like "retail" joining the Ask bandwagon --- possibly the newly converted shareholders who've become disenchanted?
Exactly. Even if we're inclined to sell (at a huge loss!), we [retail] will have to get in line behind the diluters of : VFIN, NITE, CSTI, the occasional BRKT, and we all know BMAK will eventually rear it's ugly head --- at the risk of sounding like Carl Sagan, billions and billions of shares.
Then there's retail (Longs & flippers) with their(our) billion or two shares.
Only APT could fix this, and there appears to be no plans, inclinations, or [sadly] ability/"know-how" to do so.
Well put. ... once our money was emptied out, we are thrown away.
Notice how when the "buying" pressure began to lessen from heavy to moderate, then to anemic - that any communication or "updates" from MTVX just ceased.
Only hope I have here is, and I don't know if it can be done [folks more knowledgeable may know], is the holders of all those billions of preferred shares that are being converted to common shares just saw their value drop by a ton (as we have with our shares).
And with the buying pressure all but dried up, they have now joined us in the "bag holders" club.
I'm hoping that they collect themselves, stage a coup - so to speak - and vote Covey out.
With the right person, this can (maybe?) still be salvaged.
No?
Yup --- the Yield sign is up.
It's what Fubar said, and if the management can deal with (by that I mean get rid of) the toxic lenders -- and tackle this horrendous SS, then maybe. Since it was them that created this mess with a Company that had [and still has] potential ... well, let's just say there isn't a lot of faith.
Still some foolish hope though. Fingers-crossed.
He was referring to Sunday ...
That's a big 10-4
You're not alone ....
Uh no sh*t there's no buyback. Didn't say there was one.
Yup --- there's no "fighting to get shares" here. With MTVX getting some $$$ from the Cerner deal, and [apparently] brisk sales for the MotoPeds (again it would be great to hear figures from the Company itself, but oh well), and the PPS being at these extreme low levels .... NOW is a great time to buy back many shares! Many shares can bought at .0001 (and in many cases we've seen here, below .0001!). With this buying action, it may even go to .0002, but still, a very low price.
And if MTVX can get their act together, "right this ship," and get rid of the toxic lenders they got into bed with --- then, with the many shares they would be owning, they can help in tackling this dismal SS situation!
Their share buyback would also show us shareholders that they have faith in their Company.
Hopefully IronWall goes BK....
It was stated as much in the Sept 8-k/a filing by the accounting firm:
The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the consolidated financial statements, the Company has a working capital deficit of $20,300,467 at December 31, 2013, which raises substantial doubt about its ability to continue as a going concern.
Past articles from the Tech Dept by same author:
http://www.maxim.com/authors/jeff-foss
Yup, aside from fros' screenshot, one needs to look no further than the Ask and see VFIN, posted like an impenetrable wall with his so-called "9mill" shares --- occasionally joined by his twisted (and equally incorrigible) sister BRKT with 10mill shares. Day in .. day out, whether the volume is 10million shares or 200million shares, they're there!
Ditto.
Very difficult trying to avoid those two hefty pachyderms.
I hear ya --- YUCK! No matter the entry point into this stock; even those foolish enough [like me] to "average down" here ... our reward = 99% down.
Yeah right, you must be new to the OTC. Try RCCH, or PERL, or IMDS - just for starters.
Granted, MTVX has debt issues, and a PPS problem ... and yes, a mediocre management team, but it's not a scam.
Right [again] Fubar, don't get me wrong, I'm glad to read that IR is gone. But, is the $50million in trade volume calculation period still in effect? Will any shares ("true up" or otherwise) be owed in the future?
A nice, clear (no fluff), and promised shareholder update would be nice.
I'm hoping it's a good sign of dealing with the lenders. When I read that a deal has been reached with WHC, Tangiers et al; then the path is clear to tackle the SS (but only if there's good revenues/profits, again any news on that would be nice too!).
Agreed. Hindsight is 20/20, and if they had to get in bed with IR, a $30million in volume for the calculation period would have been more reasonable. I believe IR got their money back already, and more.
It would be nice if they would agree to some sort of deal or accommodation with APT to END this, but from what I've read about them, they're not the accommodating types.
Until IR and the other lenders are gone, APT can't even begin to tackle the SS problem (if they're so inclined). Lots of things need to happen to get this ship "righted."
Fingers-crossed.
Thanks Blue. The video attached to your link was cool. I see the bike is a real "head-turner." Unfortunately, the SS & PPS are stomach turners
You're right, so sad and very true. I too believe that IR got their money back --- and then some. Hindsight is 20/20, but the calculation period should've been 30million in $$ volume.
It's clear to me that IR knew what they were doing, and sadly for us shareholders, MTVX didn't.