APT MotoVox Group Inc. (MTVX)

[Kool Aid Man]

It's astoundingly pathetic how an otherwise decent little company with marketable products can be wrecked by incompetent management.

Imo the problems began with excessive overspending fueled by serious delusions of grandeur of it's "founder/ principal executive officer/ director" who had filed personal bankruptcy only a year before. Anyone who has REPEATEDLY proven incapable of managing their own finances has no business attempting to do so for others.. ESPECIALLY for a public company!!!

Troy A. Covey-- personal Chapter 7 (liquidation) bankruptcy 9/12/06
http://www.scribd.com/doc/229775713/TC-Personal-BK-Statements
http://www.scribd.com/doc/229775703/Covey-Personal-Bk

AND THIS YEAR-->

Troy A. Covey's "TAC Investments LLC" bankruptcy 2/28/2014
http://business-bankruptcies.com/cases/tac-investments-llc
(related) http://www.scribd.com/doc/234231931/Here-is-Why-He-Filed

Remember.. this is the guy who signs all of APT's documents!!!

As I've said before.. any legitimate bank would have been more than happy to finance a "well run" company. As it was, APT was forced to resort to loan shark/toxic financiers to pay for Troy's overspending. This is the business equivalent of going to a "Payday Loan" company for financing. It was a disastrous, "last resort" type move by a woefully incompetent, inexperienced bunch of morons. So now they have sub-penny investors to backstop them.

Imo Pastor Covey should be removed from any and all financial decisions of this company. His background as a talker, evangelist and faith healer make him infinitely more suited to marketing than anything else. He should have learned by now he can't just "pray the debt away."