Replies to post #55394 on APT MotoVox Group Inc. (MTVX)

[tickers]

It is very likely that their 2012 revenues are accurate. The financials will determine the projections.

The Company reported revenue of $10.5M for 2012 and is forecasting $20M for 2013 and $68M for 2014. They are in the Big Box Retailers and order demand exceeds current supply capabilities. The Company will be preparing a financing plan for up to $5M in expansion capital.

[diannedawn]

1065, 940, and 941 taxes... The tax liens are mostly for employee withholding taxes not paid in...

1065...U.S. Return of Partnership
940...Employer's Annual Federal Unemployment (FUTA)
941...the form used by employers to report employment taxes, withholding amounts, deposit amounts, and amounts due to the IRS

Read the liens to see this

[Kool Aid Man]

Seems APT owes multiple state AND federal taxes

Not insignificant amounts either. Could this be why they had to go to the toxic finance window (Ironridge et. al.) instead of a legit bank?

Someone waved warning flags about this back in March. Had I realized I probably would have waited. I bought at .01 and sold at .08. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=99156781&txt2find=federal|tax|lien