Replies to post #55354 on APT MotoVox Group Inc. (MTVX)

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You keep posting incorrect info.

The tax credits went towards the purchase if the $7.7m building.
Why do you cut that part out?

The $7.7 million deal included $2 million in New Market Tax Credits adminstered by the Kansas City, Missouri, Community Development CDE.

APT plans to redevelop the property into a light manufacturing and assembly facility, coupled with office space and a racetrack for research and development.

The CDE’s money for the APT acquisition came from a $3 million tax credit purchase by U.S. Bank, said Ruben Alonso III, executive director of the agency.

With the federal New Market Tax Credits program, large companies and financial institutions can buy credits in return for decreased federal tax liability.

[tickers]

From the article regarding the 7.7 m building purchase

Mazuma Credit Union extended a $3 million loan. The rest of the financing came from investors and APT equity.


So they have equity built. Owe less than $5m on it very likely

[bullethole27]

Kool aid

I believe you are misinterpreting the statement. It seems to read that Us bank bought 3M in tax credits and that money was given to apt towards the purchase of their building. Apt was also given a two million tax credit. These were to stimulate job growth in the area as part of apts plan to hire 250 new workers.

What happened to your enthusiasm? Don't let a temporary price fall blind you. You have done the dd here and I remember how excited you were to state your support for them. It gave me even more confidence as I have seen you bash many boards before. These guys are a real company. Do they have debt? Absolutely. Does the dilution suck right now? It's the worst. But you know where these guys are going. If their products are even half as good as their reviews suggest the potential is impressive. Smart carb is just beginning to scratch it's potential and if the sonic flow does what it suggests it will be revolutionary. Trust your dd don't let emotions take over as we see red weeks. Know what you're holding.