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Happy New Year to all of you, just decided to check in on my favorite scam this holiday morning, and I am delighted to see that the Ponzi scheme continues. How is the class action law suit against Covey and Patterson coming, has anyone heard anything new?
Anyway, I will hope for all of you that you find a new interest and a new, real investment in the New Year.
Best Regards,
Roxymo
One more comment Dassterne, the stock is at no bid for the following reasons: They have no business, none; they have no employees other than Troy; They have legal issues across the country; and they have a pile of bills that would sink a real company, much less an illusion like this scam...put those four things together, and you have a pretty solid formula for a no bid, no value company.
Really Moonlight, then Troy must be trading in a few billion shares for a single lottery ticket with everyone's name on it. The only millionaire's created here was Troy and his pals. Super sad to watch this fraud go on...hope no one else puts money in to this scam.
Note: Motopeds is over; Motovox is over; MTVX is done....buyers beware, if there are any.
Incredible Dianne...When exactly do TROY COVEY and WAYNE PATTERSON go to jail or at least get indicted for the fraud that they have perpetuated on investors, vendors, employees, the government...can someone please give all of this to the local papers in KC so that they can call them out, and ask for legal action?
I cannot believe that people can do this and get away with it...how is that possible?
Those with my contact info, reach out...
Good morning all, just searching the web and I see that our friends at Monster Moto were featured a couple of days ago in the local paper in Northwest Arkansas. It seems that the fact that they are building a new factory in the US has gotten them front page coverage in the Northwest Arkansas Democrat Gazette, and the attention of Walmart...wish I had a few gazillion shares in that company instead of this coNpany.
Dianne, you can certainly sleep well at night knowing that you tried to warn a lot of unsuspecting people about this scam, Troy Covey and Wayne Patterson's past behavior, and all of the other less than ethical people involved. I am sure that you helped some people who would otherwise have fallen for the pump and dump nonsense that the promoters put out there over and over again.
What a travesty this scam is and has been...sorry to all of you who have been hurt by these financial thugs.
Zero chance Locks...Monster Moto told me they will never pay a penny to that future convict, Troy "Pastor" Covey. And why should they when Troy has all of these new investors lined up to give him more money. Everyone wants a piece of this rock star, right???
Just a small amount of sarcasm here...
bluerayn, can you give details of what the relationship with Dodge is, how they are working with MTVX, and what the expected financial impact is of that relationship? No subjective or hypothetical speculations, but real data...would love to see that, though pretty sure that will Never happen here.
Not sure if any of you have time for a little dd, but it would sure be interesting if someone would list out all of the key employees, executives, and share holders who have left this spos over the past 24 months. Patterson and Ohler being the two most recent, but with a huge list of prior exits...sure is hard to understand how all of these supposedly bright people could leave such a tremendous opportunity when their shares are trading at a price just south of hell.
Guiding???? can you explain to me exactly where his "guidance" has taken MTVX so far...shares at about a millionth of their previous high...that is guidance without a doubt :)
Sorry my friend, you are simply wrong...Wayne has done what all who work with Troy do, he just decided to hang around a little too long, he is gone, gone, gone...
Sorry Pete, the only major news coming out of MTVX will be either an ugly bankruptcy, or the announcement that Troy Boy is indicted...no other possible outcome. Anyone else talked with Wayne Patterson lately, since his resignation???
Boy of Boy Pete, i hope that the "Big" Trader who has bought up $1999.90 in shares today does not need this money, Because if they believe that they will make money here, they probably should head out to the 7 Eleven and pick up $2000 worth of lottery tickets...Their odds would be much better than putting a bet on PBT.
Good question Jay, and the answer would be YES...they lost all of their mini bike business to Monster Moto, and they do not even have a factory to make for them anymore. Maybe they can buy mini bikes from Monster Moto once they build their new factory in Louisiana...
100% AGREED Matthew...it is a sad and consistent story. I hope that you can help the new and uninitiated to avoid the pitfalls of dealing with these thugs, and save their investment money.
I think this is the next big thing Pete; how can one believe that this product line will be anything less than a homerun for MTVX when you consider the incredibly talented leadership of Troy Covey and Wayne Patterson, and their long track record of successful business ventures...oh, that's right, they have never had one, sorry.
Maybe if a few more unsuspecting investors throw a few more of their hard earned $$ at Troy and Wayne, they can keep this conpany afloat for a few more weeks.
Great post Matthew519; so much truth, just so sad that you, and most of us had to take a financial bath with scumbag Covey in order to learn this valuable lesson. Hopefully we can get the word to as many potential new investors as possible before they make the same mistake.
True Pete, those are Motovox products; Also true, they have exactly zero customers left today who are still buying from them due to non-shipment and continuous service issues. They are completely done and have no money to stay in the game... Same old Covey/Patterson story.
Just checking in this morning to see if Troy and Wayne have filed Bankruptcy yet...any day now, any day. If anyone was being honest in la la land (MTVX management team), they would release true data on their now almost 30 days delinquent filings as required by law, and just maybe advise their plan to get out of an ever increasing MOUNTAIN of debt...this company is a joke.
...and those working capital loans worked for two people...Wayne and Troy. I am sure that they have always, and continue to, appreciate all who have "invested" in their futures.
We could certainly go back to Monster Moto not paying the infamous $20k, but all of us
Who are here and understand reality know that the $20k was paid on time and all of Locks email, all caps, yelling, and his claims that it was not paid, are simply lies.
Mtvx is in trouble due to 7 straight years of defrauding individual investors, spending money on things outside of their core business opportunities, and Troy's ponzi scheme spending pattern.
Nothing more, nothing less...
Awesome response Fubar, there is a lot of strength and peace in truth...
thanks for the visuals Dianne, can you conjure up a picture of the good pastor and his sidekick Wayne? How can they not end up in major trouble with the on going shenanigans and abuse of shareholders.
Looks like the honest guys may win...oh well, maybe next scam will be more successful Troy and Wayne?
To your point Dianne, Troy is American Greed personified...let's hope we get's to star in his own segment in the not to distant future...he deserves all of the attention the he may soon receive.
Mr. Locks, not to state the obvious, but if all of the people that Troy and Wayne have not paid or have stiffed came on to this site, the server would probably go down. Let's hope that they have all moved on to bigger, far better things, while Wayne and Troy take this company down the path of disaster that they have been on since day one.
NO Bid...which in MTVX land means that no unsuspecting new investor will lose their money.
Dianne, how can you be so cynical about a true opportunity like MTVX...they are now on their third or fourth totally different product line in the past 14 months, have a track record of performance (abysmal...) have not reported on time, even once; continue to pump ridiculous claims, even on days when they do 2 million shares in volume...oh, that's right, 2 million shares is $200 for this scam.
For any new investors who have somehow found their way to this site, run, run fast, and forget that you were here. Look at the history from day one, and make your own judgement.
...and both are equally culpable for the manipulations and misrepresentations that have been delivered to the unsuspecting investors. Go Wayne, Go Troy Boy...
I agree with you Finale Schnaps...MTVX will soon hit $7...in total valuation... even with 20 BILLION outstanding shares...I used to follow this hub for financial reasons, now I follow it as entertainment, the kind of entertainment you get from watching a macabre horror movie maybe.
DD, Exactly how many shares of this disaster can someone buy with a $1000 investment...I am struggling with the math based on a share price of $$$.000001...
truth, come on, challenge anything.
Does anyone here care that Wayne and Troy have proven, over a period of several months/years, that they are crooks? My God...please get over this defense of the company, and their behavior; acknowledge the obvious, and the fact that they are crooks...sad, but true. Someone please prove this to be untrue you know that you cannot. They have done nothing but bring MTVX to it's knees...and lie about the outcome. Bankruptcy is eminent....How do the promoters of this stock live with their support? Yikes....
Go, anything except this pile of s&%$...
Delete me, but you cannot refute me...
...and run he does.
Amen Matthew... you called this one correctly. How could anyone invest in this disaster? They have now fallen to .00001, really? What a team, what a scam...
Thanks Billsfan...you are calling this for what it is. A total train wreck that is headed for oblivion, and likely very soon.
Oh yeah, the good pastor and his sidekick Wayne Patterson are building a real dynasty here... Can you say all still holding shares are paying passengers on the titanic?? $100 trading days are big wins now...at .0001, or lower
Great post Matthew, all factual, and so very true. Thanks for sharing.
Outstanding Due Diligence Fubar...sadly Mr. Locks lives in an alternative reality where, if he believes it, it must be true.
Thanks for digging up the facts and sharing them with all who are still here, watching the death throes of this ill fated company.
Exactly KAM, do not confuse Mr. Locks with facts...he does not want to hear them. MM paid their agreed settlement fee, and my understanding is that they have now proceeded to take the very last little pieces of business from MTVX for 2015...how do Troy and Wayne keep the boat floating with NO BUSINESS for 2015...better sell a lot of Motopeds :)