Replies to post #112288 on APT MotoVox Group Inc. (MTVX)

[diannedawn]

Professional fees increased due to the legal, accounting and consulting fees we incurred in going public and acquisition of Motoped brand assets, opening audit expenses, and legal expenses associated with the sale of real estate assets

Aaaahhh...that's talking about "professional fees"...you know, attys, auditors, "consultants" etc.

IT CERTAINLY DOES NOT PROVE THAT THEY ACTUALLY PAID FOR THE ASSETS THEY CLAIM TO HAVE ACQUIRED!!!

SHOW ME PROOF THAT THEY PAID THE SELLERS OF MOTOPED THE $$$ PROMISED, HERE
"4.Purchase Price. Buyer shall pay to Sellers the following as purchase price for the Assets:

(a)
$50,000 payment to Cameron Woods upon execution of the Asset Purchase Agreement;

(b)
$150,000 payment to Sellers on October 31, 2014, specifically apportioned as follows:

$30,0000 payable to Charles Carothers;

$60,000 payable to International Motorsport Marketing Services, LLC; and

$60,000 payable to Cameron Woods."

TIC TOC COVEY...IF IT BECOMES PART OF THE PUBLIC RECORD
YOU WILL NOT BE ABLE TO HIDE IT!!!

[frosr6]

Apt paid 50k at the signing so that could very well be the only "Operating Expenses" regarding Motoped that they are referring to. Doesn't necessarily mean they paid the full amount.

Did anybody notice this little clause?
"The foregoing description of the Asset Purchase Agreement is not intended to be complete and is qualified in its entirety by the complete text of the Asset Purchase Agreement incorporated by reference and attached as Exhibit 99.1 to Form 8-K dated September 08, 2014."

I believe that this means the deal is subject to satisfaction of the conditions stated in the 8k. So were they? Nobody knows for sure so why are people saying it's a done deal? I could careless if it is or isn't but to post false information and ignore the facts that we do have publicly available is why I am questioning these rumors. If they don't complete the purchase the 50k paid would be cheaper than paying for a promoter to pump if that was their true intention. I'm just speculating on that part but also can't rule it out at this time either.

Lastly you never answered my previous questions regarding the interest expenses listed. What are your thoughts on the missing interest expenses on the quarterly reports for shares issued to IR? You seem to know your way around the financial reports so that's why I'm asking. If you have no comment that's fine I understand ;) You are aware of the email sent to APT with these concerns are you not? Do you think they will just amend / reinstate new reports to show the over 4 million in expenses when they file the annual report? I'm curious if you care to share your thoughts on this.

FASB ASC 505-50-30 requires that every Ironridge share issuance be recorded at fair value at the date of issuance, and those expenses are to be recognized during the period issued. In this regard, the Company misstated its financials and disclosures concerning (the origin and impact of) the Ironridge claim.

Matthew Schissler has done this exact thing in the past with cord blood America. How many times does it take to know that IR share issuance needs to be recorded as a interest expense? Will the sec let this continue?

http://www.sec.gov/Archives/edgar/data/1289496/000135448812002924/cbai_8k.htm

Criminal liability may be imposed if a person knowingly circumvents or knowingly fails to implement a system of internal accounting controls or knowingly falsifies books, records or accounts. 15 U.S.C. §§ 78m(4) and (5). See also Rule 13b2-1 under the Exchange Act, 17 CFR 240.13b2-1, which states, "No person shall, directly or indirectly, falsify or cause to be falsified, any book, record or account subject to Section 13(b)(2)(A) of the Securities Exchange Act."

See SEC. SAB 99 -"Materiality"
http://www.sec.gov/interps/account/sab99.htm