Replies to post #127968 on APT MotoVox Group Inc. (MTVX)

[FUBAR]

Re-read my post.

What money? Where is income/revenue/money coming from that will show on today's filing?

Today's filing is for the 4th quarter of 2014. Per the Motopeds acquisition agreement, APT is to start receiving Motoped revenues beginning January 1, 2015.

Everyone acts like there will be this huge increase in revenues and I was merely asking where is the revenues coming from. I'm certainly not the one that is angry or posting untrue spins on facts.

And I have seen nothing on SmartCarb sells what so ever.

[diannedawn]

You DO remember this...right???
"ii)

Buyer shall pay Sellers 100% of the gross revenue derived from sales of Products between September 16, 2014 and December 31, 2014, subject to the payment schedule under subsections (iii) and (iv) below; "
http://www.sec.gov/Archives/edgar/data/1486526/000135448814004594/mtvx_ex991.htm

ANY MOTOPED REVENUE IS SUPPOSE TO BE THE SELLERS...
The K only covers through December 31st...

and SmartCarb? PfssstF!

Gee, I WONDER how much $$$ MTVX owes the sellers these days???
What with the payments...
"(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:

(i) $30,0000 payable to Charles Carothers;

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

(iii) $60,000 payable to Cameron Woods. "

the earn outs...

"i) Buyer shall pay to Sellers 200% of the gross revenue derived from sales of Products, commencing from November 1, 2013 through and including September 15, 2014, subject to the payment schedule under subsections (iii) and (iv) below;

(ii) Buyer shall pay Sellers 100% of the gross revenue derived from sales of Products between September 16, 2014 and December 31, 2014, subject to the payment schedule under subsections (iii) and (iv) below;

(iii) For the first $1,000,000 in gross revenue derived from sales of Products, Buyer shall pay to Sellers, on a quarterly basis, 25% of the gross profit from sales of each and every Product;

(iv) For the second $1,000,000 in gross revenue derived from sales of Products, Buyer shall pay to Sellers, on a quarterly basis, 20% of the gross profit from sales of each and every Product, until the total payment to Sellers reach the combined gross revenue amount in subsections (i) and (ii) hereinabove; and

(v) For all payments to Sellers under section 4(c) herein, the payments shall be split between the Sellers as follows:

(1) 20% of the payment to Charles Carothers;

(2) 40% of the payment to International Motorsport Marketing Services, LLC; and

(3) 40% of the payment to Cameron Woods."

and the salaries...

"(a) Charles Carothers: A 12-month independent sales and marketing contractor agreement at $70,000 annually with potential bonuses. The first 6 months of the agreement shall not be subject to a dismissal of any kind or for any reason with the exception of gross negligence or intentional harm to Buyer. The agreement shall contain a one year contractor renewal. Carothers agrees to give his best efforts as a private contractor for Buyer.

(b) International Motorsport Marketing Services, LLC: A 12-month independent marketing contractor agreement at $120,000 for the 12-month term paid in monthly installments. The first six months of the agreement shall not be subject to a dismissal of any kind or for any reason with the exception of gross negligence or intentional harm to Buyer. The agreement shall contain a one year contractor renewal. The Member of the LLC shall give his best efforts as a private contractor for Buyer.

(c) Cameron Woods: A 2-year independent product development contractor agreement at $50,000 annual salary for the first year and $60,000 for the second year. The first six months of the agreement shall not be subject to a dismissal of any kind or for any reason with the exception of gross negligence or intentional harm to the Buyer. Woods agrees to give his best efforts as a private contractor for Buyer. "



DAMN!!! THEY MUST BE RACKING UP QUITE A PILE OF IOU's!!!