APT MotoVox Group Inc. (MTVX)

[Sharktnk]

Heavy or hilarity?

Here's a good one to contrast it with:

The company already operates in the building, employing 35 people. It said it plans to add another 250 workers in the next couple of years. The assembly line jobs will range from $12-$15 per hour.

Snicker ...

He said that by the end of the year, the company expects to top $2 million in annual payroll. It will still be only halfway done with its hiring.

Chuckle ...

The company said it plans to make a formal announcement about the expansion in the coming weeks. It is getting about $6 million in state and federal tax credits to help pay for the expansion.

http://www.kmbc.com/Company-To-Expand-Near-Bannister-Mall-Site/12261106

Contrast that with ...

The Missouri Department of Economic Development pledged up to $3.9 million worth of incentives that would allow APT to keep employee withholding taxes for its own use.

And ...

But the firm shows signs of financial trouble. Jackson County records show that APT was delinquent in its 2012 and 2013 property-tax bills; the company owes $48,197 through the end of 2013.

And the kicker ...

Missouri Department of Economic Development officials say that despite being eligible for $3.9 million in benefits, nothing has actually been paid out to APT. A spokeswoman says companies have to be current on their taxes to receive public benefits.

http://www.pitch.com/kansascity/motovox-american-performance-technologies-bannister-troy-covey/Content?oid=4943871

'Current' seems that Covey has a severe aversion to the terminology.