Replies to post #48882 on APT MotoVox Group Inc. (MTVX)

[rcaptain]

Going Concern

A going concern is a business that functions without the threat of liquidation for the foreseeable future, usually regarded as at least within 12 months. It implies for the business the basic declaration of intention to keep running its activities at least for the next year, which is a basic assumption to prepare financial statements considering the conceptual framework of the IFRS. Hence, the declaration of going concern means that the entity has neither the intention nor the need to liquidate or curtail materially the scale of its operations.

[Gary_X]

Since everyone likes to be picky, if you look at enough cpmpanies that are just starting out, they might be bringing in revenues, but costs such as R&D and payroll and shipping, etc., force otherwise great companies to show losses for a few years, until they can become more efficient and/or increase their revenues even more.

If you look at M$ST (the drink co.), they were losing over a million dollars per year in 1994 and 1995. I'm sure the standard clause in their financials also read something like this ----

"...The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note xxx to the financial statements, the Company has suffered a loss from operations and is in the development stage. These factors raise substantial doubt about the Company's ability to continue as a going concern."

We know how that co. turned out, don't we ??? (I believe it's trading on the NASDAQ at about $66.00 a share now !!)

First, lets get our hands on APT's financials; THEN, we'll know what their status is --- all in due time !!

[Moto-MOMO]

It means business as usual

so Lets Git-R-Done