Replies to post #94231 on APT MotoVox Group Inc. (MTVX)

[dheminger]

I disagree with your entire post. Just thought I would put that out there. Good luck to you.

[BlueRayn]

They are maximizing the opportunity for all the current shareholders. Did anyone really think about the IR 8k? By stating the 0.01 number they basically saying they are not going to RS. Which a lot of posters were saying that was where it was headed.

I believe this company has a few positive surprises in store for current and longtime shareholders.

$ MTVX

[diannedawn]

Great post! I couldn't have said it better!

I believe the choices made in the managing of information flow has been manipulative, unwise, and overall ineffective. We could be sitting at a higher pps if the company would be transparent and forthcoming with pertinent information. The management seems to strive to do only the least that is required by regulation, and they've only done a meager job of accomplishing that.

I believe the company's products are great, and the potential is huge for everyone involved----but I don't think the current leadership is equipped to maximize the opportunity for the benefit of the company & its shareholders.

I would add that I believe, the management's true goal in this was to hit their financial homerun on the backs of individual investors.

Troy Covey's "me first" approach to life is clearly demonstrated in the court records...
He has flagrantly ripped off others all other Kansas City.
Vendors (who are probably other small businesses) never paid for goods and services;
and then forced to eat the loss because he files bankruptcy.

Loans taken out that are never paid...
the LUCKY ones are the ones who got some collateral!
One of those, a person that lent him money (allegedly for the "church"),
told me that Covey had "somehow" gotten a 3rd party to sign over his property as collateral.
When Covey did not pay, which is typical, the guy had to foreclose on the 3rd party's property.
He said he felt bad about it...

The whole reason that Covey filed bankruptcy for TAC Investments this January,
was to prevent a note holder from selling property...
The DAY of the sheriff's sale, Covey ran down to the courthouse to file!
(filing bankruptcy puts an automatic stay on the sale)
Meanwhile Covey continued to rake in the 2K/month rent on the building...

TAC Investments also has an UNSECURED loan from APT...

How many other "loans" does Covey have from APT???

Were they structured the same way the "loan" to his "mother's company" Energy Vox were???
You know....that 125K "loan" that he "forgot" to even mention until the trustees ask about the proceeds of the note!!!

How anyone can look at this guys past history and be surprised by anything that's occurred here, is beyond me.
I hope to someday see the Troy Covey story on American Greed...