Replies to post #45268 on APT MotoVox Group Inc. (MTVX)

[RoninWheels]

I think you're missing my point, far off actually. I never said APT was debt free, no businesses are debt free. I only claim that APT had to take on debt to suffice its growth, likely due to the terms they have to extend to their customers. The recent PR and 8K that explained about this Ironridge transaction clearly states that it was necessary for them to do away with Ironridge so that APT can take back their receivables control. It's in their filings and PR, not a guess. That being said it is absolutely in our shareholders interest that they take back control of their own receivables. Every business will have debt, but the fact is as much as we might not want to realize, them curing these debts is only going to be positive moving forward for APT. This is certain because it will only make their financials look better and not worst. What I was saying about their needs for funding due to the floating of their terms to their big box stores and etc is only an assumption of why they ever would have needed the first loan to being with. Whichever loan took presence first or it's sequence isn't relevant but more of what did they originally needed the money for. And on that I am saying that it was needed to float the cash flow and ability to order parts and etc. which is normal in my book because the last 3 years of their growth was also the last few years of most difficulties for any business or anyone to try to obtain a traditional bank loan. Again I never said they were debt free I only like the fact that this transaction does away a liability in their financials, which is undoubtly a good thing!

[retiredtech]

What a barrel of SNAKES this is turning out to be! With all this slight of hand no one will ever know the financial condition of this company.

[Kool Aid Man]

Wow that's a lot of legal activity to digest in just the past two days. Are you saying investors have been blindsided by all this financial wheeling and dealing? Do you think APT represents a hopeless basket case or potential pot of gold?

Viva APT

[stockpicker1512]

Thanks for finding this Diane. It actually makes me feel much better.

Let me explain...Im in the finance business and pulled a UCC (lien) search on all APT related companies. In the past year I'm really only seeing a few filings. One with Mazuma mid last year (local bank which we knew about), one with TCA this year, and some other factoring company. I was concerned when I looked up who TCA was because I was worried we might be in for another surprise toxic finance deal after the Ironridge deal. The recent PR on the Ironridge deal says that Ironridge bought the debt from another "creditor" but didn't know who that was until now. It was in fact TCA so I should see those liens terminated soon now that Ironridge is paid off.

Again, outside of Mazuma and TCA there really aren't any major filings I'm seeing that I'd be concerned about. I don't believe the company is debt free because they're growing quickly and fast growing companies need capital to grow. It's perfectly normal. The financials will tell all in the coming weeks and I'm pleased to see they hired a reputable audit firm. I'll keep my eye open for any other liens being filed in the coming weeks as well.

[Kool Aid Man]

So Ironridge somehow "bought" the APT debt from TCA and then sued APT/FROZ a couple days ago to force payment which APT agreed to do with $2 million+ in stock, correct?

So the big question as I see it is.. does Ironridge intend to cash out ASAP at the direct expense of current shareholders... or are they long APT (expecting a bigger payoff once audited financials are posted and when the stock rises)?

Now that Ironridge owns a ton of APT/FROZ shares.. how is it in their interest for the stock to collapse unless they're shorting it?

Knowing their history, what do you think they're likely to do?