Replies to post #74001 on APT MotoVox Group Inc. (MTVX)

[Geaux2Guy]

Except that big board stocks get their filings in on time.

[arkmaar]

So filling like a big board stock means promising one thing and doing another? That sucks

[FloatCleaver]

FROZ seems like a total SCAM. JMO.

[AMERICAN_PSYCHO]

RoninWheels explains things nicely.

RoninWheels
Friday, June 06, 2014 6:52:38 PM
Re: AMERICAN_PSYCHO
Quoting on just a single sentence and not the context of what it meant can be misleading. APT's reference that they are "not a typical OTC" refers to the structure of APT private: it comprised of 4 different Companies and already had raised $25 million as capital. It's structure is very different then all listed Companies because when you become listed, you only can have 1 main corporations with everything else as subsidiaries under the "mother" Company. Have 4 single independent Companies is a private structure and they do need to be put into 1.

Technically, this audit could be considered a five-year audit instead of the required two-year audit. APT is not a typical OTC company. APT was comprised of four Limited Liability Companies existing independently since 2008 that collectively raised over 25mm in capital and tangible assets. From an auditing standpoint, combining these LLC entities and then consolidating the audited financial statements of APT with the audited financial statements of the Company is a one-time, monumental task. The audit is extensive and complex, spanning over 5 years of business since many of APT’s financing strategies and legacy investor equity purchases were initiated prior to 2012. Our auditors are requiring additional time to consolidate revenue from multiple sources and to reconcile assets, loans, equity, and derivatives.