APT MotoVox Group Inc. (MTVX)

[bullethole27]

Companies go public to raise capital or pay down debt.

In this case the company has a large pile of cash that they were not allowed to touch due to a debt agreement. Rather than raise capital they just needed to pay off existing debts and then they already have their money pile waiting. We know taxes aren't an issue with the nearly 5M in credits they now have. I personally believe that at this point they have 3M or so on their building loan mortgage and not much else. If the rate on the building loan is low enough then there's no reason to pay it off quickly. Same reason we invest instead of throwing all our money at our mortgages.