Friday, April 17, 2015 11:45:40 AM
Not that it matters much but the share structure is a function of where they are domiciled, in this case, Delaware. Neither the SEC/FINRA have any jurisdiction over the statutes\bylaws established there.
This is starting to look more and more like your typical stinky. They could have easily followed the script and cut\paste the info from the last 10K, fudged the numbers a bit and pushed it through.
The filing is for last year and doesn't have anything to do with what might have transpired the first 4 months of 2015 as has been postulated here. The NT states specifically ...
Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
No
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10601273
My suspicion ... They don't have an auditor. They don't care one way or the other. They may attempt to go dark by filing a 15-12G, (however that in itself may prove to be problematic in itself - http://media.mofo.com/files/Uploads/Images/FAQ-Suspending-Reporting-Obligations.pdf). If they're successful in doing so they would have the freedom to be even more creative with their "filings" to OTC Markets\Pink Sheets to carry on the charade further down the road.
If peeps thought this recent silence was golden, just wait ... Have seen this scenario played out many times before. What happens? Nothing. Nothing at all. It just fades off. The 'company' becomes the equivalent of a blind, deaf, Traveling Mime Troupe, never to be heard from again.
Is that what will happen though? Hard to say emphatically. It does seem a bit odd with the fairly well received and seeming possibilities with Motoped. It does have some traction. But with the rumors swirling around the next bit of news may well be a lawsuit for breach of contract from the original owners.
http://www.sec.gov/Archives/edgar/data/1486526/000135448814004594/mtvx_ex991.htm
They really seemed to have botched this pretty good if
they had any real aspirations. Stuck with IR\Dragonchow.
R\S highly unlikely to be granted. Cellar boxed. SS out of control. No auditor(?)Debt up the wazoo ...
BK seems most likely.
But, if anything, this is definitely Fubared. (With all due respect to FUBAR.)
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