Replies to post #135871 on APT MotoVox Group Inc. (MTVX)

[Matthew59]

IMO, the biggest issue of them all is what happens with the close to $35-40 mil debt, that accrues daily? The last reported financial debt was approx $30 mil+. That was a over a year ago.

[Sharktnk]

Okay, but Covey is still there.
Corey is leaving. Not really the guy that you want to see going.

... great things are still coming???

Aren't they always?

Can the debt and share structure still be overcome? Yes.

Ah ... really? Would love to hear a realistic scenario that, redundantly is grounded in reality.

Do I need quarterly updates? No. Do I need filings? No

The SEC does or that 5 year wait and see project might be severely curtailed.

Not placating to the disgruntled.

Placating would be one thing if it was daily\weekly\monthly. These clowns can even keep their quarterly promise to update shareholders. How many quarters now has it been?

[Matthew59]

Here are the figures from the last 10Q on 11/20/14

Total liabilities 33,647,890

Accumulated deficit (36,806,439 )

So over 9 months since then , its pretty reasonable to say debt now up around $40 Million.

PBT will never be able to generate enough revenues or get any contract, Gov't or otherwise, that will ever resolve that.

This debt is/was the final nail in the coffin. Regardless of any change with IR. Which leads me to conclude that PBT, whatever he is currently working on, it is for his benefit only to put money his pocket or into his off shore account, before he finally cuts bait and runs away.