APT MotoVox Group Inc. (MTVX)

[MR.METICULOUS]

It doesn't even appear they need to settle all debt.

Wording of the 8k is key...


Quote:
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Other material covenants to Closing include FROZ having transferred or disposed of any and all royalty agreements, satisfied any tax liabilities, satisfied any legal liabilities, and satisfied any possible disputes with outside parties. If any are not settled by Closing, FROZ shall designate a third party to assume any remaining liabilities, as these will not be the responsibility of APT post-closing. FROZ must also have indebtedness less than $290,918.65 at the time of Closing,
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It appears any debt they don't have resolved will be designated to a third party and will not hold back the merger.