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It may be the beginning of the EV age but AMV was not even close to any competitor.
Plus, it's "hybrid" models in pick up trucks that required payload won't deliver what Mark/Annie has been fooling its investors since their crowdfunding age at $1.50 per share.
One fact - the battery drainage between a truck with no payload at 0% inclination is NOT same as full payload at 10% inclination.
What you will see is a truck in 2024 that needs to be recharged more often than actual working time. Charging its battery in 20 mins? If you are an engineer, you do know that companies intentionally do not recommend fast charge due to heat damage on the battery cells. Try it in Mesa (AMV office) where the temperature stays at 100 degrees all day for 10 months of the year.
This is a complete scam - think why Atlis used a tiny brokerage for its underwriting who has been sued by Icahn this summer.
You do know that the company has only $600K in cash with no revenue and burnt $16M last quarter aka pump and dump set up. Still in development for 2024 production.
And there are 37M shares outstanding prior to IPO - at $50/share, it's $1.85B market cap.
It seems like this is the last child of SPAC - sad for those who bought it early today and destroyed their life savings.
Cody,
You never "hope" in penny stocks especially when the company is run by a crook.
It's completely dead at this point and I assume Josh is busy dealing with new investors who put their money this year and realize that they can't even deposit the shares.
You do know that a reverse split aka a corporate action requires the company to be fully reporting with SEC. PTOP is NOT a reporting company with SEC - simply an alternative reporting with OTC that SEC doesn't know about.
PTOP is worse than a bankrupted company as it doesn't even have money to settle defaulted loans for years.
Josh must be doing something else like what he did with Momentum Capital Ventures. For those who wants to know Josh's background, search "Momentum Capital Ventures vs. Goldner Lawsuit".
10Q filed and josh didn't file about him dumping 142,300,000 shares:
Q1:
josh had 833,300,000 shares
Q2:
josh had 691,000,000 shares
perhaps, he sold his shares in a private transaction where a new shareholder thought he would be funding the company while josh was cashing out his position.
Cody,
This one is and was dead since josh took over.
One simple fact - josh couldn't fix/manage a tiny little app since he spent so much time on non-sense admin stuffs to make dumb money excited to give him cash.
If you read through its financials, you will see josh has never put more money into development since TL - how do you expect him to come out with a newer version of it when $0 was spent?
The only way for you or any other shareholder to get out of this mess is to write it off 100% on your tax return and move on. Or, josh sells it to someone else for $1 since nobody with 15B s/o and massive amount of debts defaulted would take it.
Remember, there are so many debts defaulted in this company - josh as a "ceo" has never dealt with it.
By the way, my assumption is that josh can't do anything about TL selling this unfinished codes of mobicard to the public which means this company has zero asset with millions of debts waiting to be sued.
Cody, why would someone buy a restricted share for a higher price than the market price? And you do know that the restricted shares can't be transferred.
You have been fooled by Josh for years and that crook is probably trying to find another victim to steal his money.
Just compile all the communications you got from Josh and submit them to OTC Markets compliance department. It seems you had much more information than all of us here. And don't forget to send PPM doc to OTC Markets as well.
If you need my assistance, PM me - I know who to contact.
Buy $1 for any note that is in default and sue the company for the payment.
As a settlement, get free trading shares at $0.00001/share in conversion.
Based on its filing, TL got 1.6 billion shares for AP balance due.
CEO in a defaulted company asking for equity investment to existing shareholders at $0.0005 knowing the fact that anyone can pick it up for $0.00001 is just mind boggling.
He was a scam artist and is still doing the same trick.
FYI, he raised hundreds of thousands of dollars in last 3 years per filing and he didn't even bother to pay back lenders while stealing cash from the company. He failed to provide the detail in quarterly/annual reports. If he is the CEO/president, he is an employee and failed to provide his compensation table - his CPA should have known better.
By the way, does he know that he failed to hold an annual shareholder's meetings which was one of his fiduciary duties for last 4 years?
Well said.
No need to put in $15k into PTOP.
After this weekend, PTOP will miss the last deadline to be reviewed by OTC Markets and kick out from OTC Pink on Sep 28th.
Once it moves to Expert Market, the shell won't have any value so no one will be interested. At that point, Josh will blame shareholders for not putting in $15k when the shareholders know that he was taking money out of the company for years.
From that point, he won't be able to scam new investors as the price of PTOP will be 'unavailable/$0'. His 50% discount offer won't work anymore.
My guess is that SEC/OTC Markets will make every company in Expert Market difficult to get back into OTC Pink/QB/QX which makes sense. We don't want a guy like Josh to scam around with another shell.
That 'legal party' is the transfer agent who doesn't care about how/why the stock is issued. Good luck - I already wrote off my investment on PTOP.
Cody,
Don't forget - in order to get rid of "restricted" stamp on your stock certificate, you need to work with a security lawyer and a cleaning broker who may charge few thousand bucks and % of proceed. Not only there are very few cleaning broker (unless the stock is higher than $0.01 and "current") but also you must have all the proper documents showing that you had a legit proof of the transaction - email from josh won't cut it. If not, no lawyer will work with you.
Sadly, this September will shut the door for PTOP for good since it will be traded in expert market aka no market maker to provide a public quote. Any online broker like ameritrade won't take a stock certificate in this market.
By then you will realize that you had a worthless paper sitting on your house thinking that it would make you rich.
Now PTOP have 15,000,000,000 shares outstanding, no live app (kicked out from Apple), payables to venders, state, transfer agent, josh and his gangs, no cash on the book, what will be the value of the company?
I moved on from PTOP few years ago and put the money into a bunch of ETFs and S&P500 - thank god that I didn't put in another dime when josh's gangs were harassing me. Looking back, everything he said on the phone was 100% lie - what a clown.
Cody aka dumb money, did you know that yesterday was the day when Josh was supposed to put back Mobicard app on apple? He didn't do it (or maybe he lied again about how to re-apply?)
The bottom line is this- I have seen these types of scammers throughout my life and their patterns are same - drag it all the way to the point where there is no more dumb money left. Then, they create another situation/product/service to scam other people.
By now, you should know Josh better even from his background - momemtum capital.
What does tell you about having 18,000,000,000+ shares issued to people who are NOT accredited investors when the company didn't disclosure anything? Do you really think he can get away with this by saying he knew these investors when he cold-called to steal the money? Do you really think he prepared the proper PPM document for each investor stating that their shares wouldn't be traded for years?
Do you think the transfer agent received the proper documentation from Josh for each investment to update the ledger? Or, did he issue himself billions of shares and then sell those shares to them as a private transaction which is illegal?
Based on all these comments from you, you are much younger than many people here and you just wasted your time with the guy who scammed you.
One lesson for you - if you can't trust him, don't support him. It just make you look bad/dumb/unethical.
You are kidding right?
There is no such a thing as 'AUDIT' that takes months - anyone can come up with an idea to launch it within a couple weeks.
My guess on Mobicard is that Apple asked all the app owners to update their privacy policy to comply with governments but Josh failed to work with TL since TL now realized that PTOP shares are worthless and can't even sell a single share unless PTOP is 1) fully reporting with OTC, 2) pay fees to OTC/Transfer Agents, 3) DTC eligibility
Or, someone complained that Mobicard is abusive that it violates Apple's terms/conditions.
One last comment, I assume people on this message board know that all these trading volumes are fake right? It's a liquid service by small shops who make few bucks using multiple trading accounts under different LLCs.
Cody or whoever is looking at this everyday is wasting their precious life when they could do something valuable for themselves.
Don't bet on Josh - you guys know what kind of person he is. After taking several hundreds of dollars, he is still asking investors for more money - what a clown.
Exactly - he is not disclosing this information while selling shares to new shareholders without being current with public filings.
I wonder what OTC Markets will do when they realized that Josh has been selling shares and taking money out of the company for himself. Is it legal and/or ethical?
Who is "a local Boston-based forensic accounting team" that Josh mentioned on the last PR? Do they have a name? LOL
Next time, you speak to Josh - ask him how he thought that it was okay to take money out of company for himself.
Huh? another $35k? LOL do you even know how many times that Josh asked that amount for last 3 years AND he took some money from weak hands and not updating financials? He had a team calling every single shareholder to steal more money out of them promising something that he didn't have.
do you know how many investors who got burned with their retirements? Josh is a big fat liar and i think most of shareholders agree with me.
bottom line is that Josh has ZERO interest to update the financials since it will disclose all the share issuance AND where the money has been spent aka his salary (via consulting/professional service). also, he issued zillions of shares for himself.
honestly, it's just a matter of time - my guess is that he will try to appoint a new ceo so he can walk away with all the mess that he created.
when PTOP was a fully reporting company in 2015, it had 225M shares out.
since 2015, they stopped filing any financial with a bunch of excuses but tried to pump/promote the stock via podcast gimmicks.
since then (or in last 5 years), they issued 10.6B shares or 50 times more than what it was issued.
so who got the money from 10.6B shares issued? Josh and his gangs?
how much is Josh getting paid with these new shares issued without being current with OTC? Did he disclose the fact that these new shares will never be deposited aka can't be sold when getting money from new shareholders?
what if he DID NOT tell these new shareholders that they wouldn't be able to sell in 1 year? will this be legal?
Did josh stop paying OTC Markets for annual fee?
Did josh stop paying Think Latitude (which also got dead shares)?
Did josh pay new accounting firm other than signing the service agreeement?
Did josh pay those podcasters to pump the stock without disclosing the risk being non-reporting and having a major issue in financials?
Did josh somehow convert some debt/notes into free trading shares to dump them (typical way to cash out via these toxic shells)?
yup and i see cody posting non-sense promoting the stock.
honestly, josh stole enough money from investors who trusted him.
very sad for those who got scammed.