Replies to post #42101 on APT MotoVox Group Inc. (MTVX)

[wingswomennbeer]

Prove it

[willmakeitrain]

um..no

[FUBAR]

I guess you didn't read today's news

[PennyHeaven7]

I do not see where it says ticker change on Monday, do you ???

http://www.otcbb.com/asp/dailylist_search.asp?SearchDateForm=TRUE&OTCBB=OTCBB&searchbydate=changes&div_date=declaration_date&fromdate=03%2F01%2F2014&todate=04%2F09%2F2014&searchdate.x=39&searchdate.y=6

[Bmore6011]

Schedule 14C | Financials | Symbol - See below

In a nutshell, The Schedule 14C is used when securities are offered as a result of a merger or business combination, these securities must register with the SEC.

Here is what we know, per latest PR from APT:
The request to FINRA with regards to the ticker and name change were submitted, per the latest PR.

Under Securities Exchange Act of 1934.
Schedule 14C does not solicit or request shareholder approval (or any other action, for that matter), but rather informs shareholders of an approval already obtained and corporate actions which are imminent.

In either case, a preliminary Schedule 14C is filed with the SEC, who then reviews and comments on the filing. Upon clearing comments, a definitive Schedule 14C is filed and mailed to the shareholders as of a certain record date. The SEC has up to 10-days to complete this action.

The information requirements in Schedule 14C is less time-consuming, as the shareholder approval has already been obtained. This of this as more of providing the shareholders of the company with company updates.

What this means is APT must provide all the information related to the merger as if the shareholders were voting on the merger, even though the shareholders are only voting on the recapitalization and even though the shareholders have no legal right to vote on the merger or acquisition itself.

In almost all Schedule 14A and 14C must include in-depth disclosures on the merger transaction itself and on both the target and acquiring companies, including audited financial statements and stub periods to date and pro forma financial statements on the combined entities. Management discussion and analysis must also be provided for both entities.

Notes:

1) A 14C Information Statement is only appropriate where the majority shareholder(s) are comprised of only the officers and directors. This is so even in cases where the majority of shareholders is comprised of a small group of family and friends of officers and directors, or a small group of consultants or other insiders.

2) Expect all of this to be completed within 20-30 days.

Based on TODAY'S news and the fact audited financials must be disclosed to the SEC with the Schedule 14 - It is my true belief audited financials were already done. I suspect FINRA has provided APT with a soft approval considering their announcement regarding the 14C.

B!