Replies to post #62172 on APT MotoVox Group Inc. (MTVX)

[Gary_X]

...before you rush to judge, keep in the back of your mind the Ironridge deal.

Aside from all the mystery as to why APT went that route, remember that IR wants 5 really low EOD prices for their "get addl. shares" calculation, and if the SP closes today at .0050 or less, they will have their 5 low prices at or below .0050, which IMO they were trying to achieve, either by retail doing their work for them, or their selling many of their shares they got into the market.

This whole calculation thing will end someday, but IMO the bright light that is the APT story will go on long after.

Time will tell !

[hamberlinmark]

I am not saying it is not a great company. They are just to insolvent to do what needs to be done and to be honest they are not a good take over target.

The meeting that the PR mentioned will cost the company close to $500,000.00 to attend and present. If selected to proceed it is another 1.5 million to set up and bench mark test, not including performance bonds etc before the government gives them a penny.

For the sake of easy math let's say 1 million investment for this project alone. They don't have a million and they have been getting toxic short term debt to cover rent, payroll etc which is now pretty much tapped out so they have no way of getting the money without dilution. 1 million divided by .005 equals 200,000,000 million shares of dilution for just this one project. They are going to be putting out a lot of PRs in the very near future but they are going to be selling into everyone of them so the PPS will not go up much if any.

That is just to cover this project and they have other projects in the work's which just means more diluting.