Replies to post #55117 on APT MotoVox Group Inc. (MTVX)

[BLuvIT74]

Disgruntled long or uninvested savoir of other people $$$$ .. I'm taking a role call right now .. So which is it? .. I wanna know who is IN and who is OUT of $FROZ right now .

[Fishdood]

Profits are not that much is what I'm guessing.

[butoft]

Well we know that there is a really good chance that they are expected to make around $20 million for 2013. There has been multiple PRs of their that states they pulled down $20 million in the first two years of business, 2011 and 2012, doubling their revenue from $5 million in 2011 to $10 million in 2012. Somebody a while found a PR that stated they were projecting revenue of $60 million for 2014. I'm not sure if I believe that but we shall see. What matters the most on the fins is the debt that is left. Also profitability will have a factor as well although I don't believe as much (since numbers are kind of skewed for first couple of years in business). They obviously had issues with cash flow which is to be expected. R&D costs, startup costs, and slow turnaround time of collecting cash from customers (nature of the beast in manufacturing). Let's hope they become more efficient and with taking the lock off accounts receivable that should help as well.

[Bmore6011]

I honestly don't put any weight into those allegations. That's my opinion on how I feel about the subject. Unless the IRS issues something official (to date) I am looking at the present and forward.... The company obviously has tax credits and ~2m in deferred tax write offs, so that is my main focus on how these will impact the much anticipated financials, etc.

B!

[Big Chew]

See my last post. If they were really behind 2 years on property taxes, they would have already been on the streets, even if the mortgage had already been satisfied.
Here it is:

Read this: This topic shouldn't even have to be addressed, but I will address it since folks keep bringing up real estate taxes.
Property taxes ALWAYS becomes the first lien holder to be satisfied if there really was a 2 year and running problem. Property taxes are first in line, even before the mortgage...period.
Bottom line is, if the city and state really had a problem with APT's current property tax status, the property would have already been seized and been auctioned off to satisfy the tax liability, and then whatever other lienholders, in the order these liens were recorded.
Folks can stop mentioning this...please. Whatever status APT's property taxes show, you can rest assured that they are on the same page with the local governments.

[FUBAR]

Enough already about the past due property tax, geez, we've been thru this and no one on the board knows a damn thing about why the property taxes are past due. Could be a number of reasons why these taxes have not been paid so why make a statement like you just did unless you know something we don't.