APT MotoVox Group Inc. (MTVX)

[Kool Aid Man]

APT/MOTOVOX...a >>7 YEAR OLD<< "ROOKIE"???

APT MotoVox Wins Rookie of the Year at 2014 AIMExpo
"We expected a double and maybe a triple, but we hit a home run with both dealers and consumers," said Mr. Covey....
http://ih.advfn.com/p.php?pid=nmona&article=64102050

Other things Troy has said...

May 6, 2013 (last year)

The Company reported revenue of $10.5M for 2012 and is forecasting $20M for 2013 and $68M for 2014. They are in the Big Box Retailers and order demand exceeds current supply capabilities. The Company will be preparing a financing plan for up to $5M in expansion capital.

Troy Covey, Chairman, stated, “Any informed industry observer understands powersport and utility sales and distribution model is broken. We have developed a new business model in the powersport and utility product space that ties our technology together with our pro-line and mass merchant distribution channels. In addition, we develop multiple products simultaneously at significant cost reductions due to the cross pollination of the pro-line and mass market retail product groups. Big box leaders predict our virgin category to be the next significant opportunity for both American and international chain stores.” http://www.prweb.com/releases/2013/5/prweb10701283.htm

August 29, 2013 (last year)

"Troy Covey, Motovox Founder, says, "APT Group is faced with a good problem, in that the demand for MotoVox® PowerSport products is higher than their current capital structure can support. The 2013 launch of APT's patented fuel system technology, SmartCarb®, has added yet another demand for growth capital. APT sales could easily double if existing capital constraints are overcome."
http://www.marketwired.com/press-release/protek-capital-american-performance-technologies-seek-growth-capital-support-continued-pinksheets-prpm-1825797.htm

Yeeeeah... "the powersport and utility sales and distribution model is broken." It doesn't seem like Covey & Co have had much luck fixing it. Even their esteemed auditor MaloneBailey criticized APT for having been far too reliant on three big box retailers in the past. Seems I also read where Covey said they were going to focus less on cheap mini-bikes and more on higher dollar products sold through specialty retailers.

So maybe the old "distribution model" wasn't broken afterall since it appears to be the one Covey is now chasing to catch up with. Not that any of this matters since the stock is doomed regardless.