MTVX News 08/30/2014 12:32:34 $MTVX
No he's not. This causes the company to fly straight , true and transparent. They are up to bat and have 2 strikes. They have to do something shareholder friendly pretty darn quick. Plus, this could take 2.7 bil shares out of the market fast. I know why. Do you?
Tues could be the start for an $MTVX home run.
Although sec is on the companies tail they allowed them to pay a fine or else this company would of already been halted or suspended. IMO this is a great sign.
MTVX Stock Message Board http://investorshangout.com/APT-Moto-Vox-Grou...TVX-87784/
At the very least they could remove the anti-dilution clause from there preferred shares. Then any R/S would also effect them.
Will you be talking to management about these ideas?
-10
new 8K designed to force a cover
+1
He does make a good point man
Excellent post by Ms BB, and I 100% agree with all you say, I have been here since .03 cents a share and ( YES) Dumb me, I did not sell 1-share trusting in APT Management to correct this IR problem etc, shame on me for thinking this APT/Motovox Management team was truly looking after it's shareholders.
I took off my Rose colored glasses over 2- Months ago when I continued to see IR continue to dump Millions now over a Billion shares and for what a lousy $2.3 Million debt. INSANE!!
Yes, even I'am very Happy to see the SEC & Finra will now be watching everything they do to make sure from now on they start to respect the shareholders that supported this company from the start of this R/M months ago.
I still consider myself a true long, that will still hold all my few Millions of shares here, but enough is enough already, APT must come to the plate with real positive news with real meat if we ever want to see the share price fly past .01 cent and become a truly successful Recreational & Engine & Carb manufacture. IMO
Ms BB post:
This is the BEST news I've seen on $MTVX to date. I love the Wells Notice they got hit with as it will be a wake up call to management et al. Contrary to the opinion of some, a Wells Notice is not a small slap on the wrist, it is serious because the SEC can take civil actions against management on behalf of shareholders.
Shareholders have spent an inordinate amount of time trying to obtain information from this management but somehow they think they can decide when and what info they will give. Perhaps they forgot that they are no longer a MO corporation but a public company regulated under the Act as well subject to DE state law wherein our rights as shareholder include right to information and inspection of records. They'll get it together eventually.
Since the SEC and possibly FINRA are watching management, we can take R/S off the table since FINRA will most likely not approve this corporation action.
What should these guys do to make things whole with their shareholders? How about listening to some of our earlier recommendations:
1. Management (all executives) ought to CANCEL their Preferred E and C issued to them and take restricted commons at the exercise price as listed on the S-8 filing. Management told us that they felt this proposal was unrealistic. We will tell you why this is more than realistic and fair. Initially, we were told that all legacy investors (management included) capitalized the company, meaning they paid cash for shares of APT Group, Inc. or the LLCs. They later came back and stated that some (don't know who) "earned" shares. I don't like this type of documented inconsistencies. Anyhow, "some" of management "earned" shares of the LLCs which they ran down to the ground. It is my sentiment and sentiment of many shareholders that management must "re-earn" shares of this public company that is MTVX, not the Missouri based LLCs. If the Company is positioned to record double digit EBITA as touted by Covey, management should have no problems taking restricted commons at 1.4c +, right? Right.
2. Proceeds from Cerner deal ought to be used to buyback the 2.7 billion shares issued to legacy investors.Management created this mess with the legacy investors, they ought to fix it instead of expecting the market to keep picking up after their mess. At market price, legacy investors still make a 10,000% return. Spend the money to get rid of these shares and make your shareholders whole.
3. Stop making stupid decisions. It will not end well for you.
Yeah ok. I don't short but should have. I've been here a very long time. So far management has been less than impressive and I doubt anything you posted comes to fruition. Sounds good though.
Of course they do. Knopick reads posts on the HUB and certainly will relay the message. They've had the recommendations for weeks. We've requested the actual $$ amount of investments made by 'management' after they replied that they capitalized the company. Executive management -- Covey, Patterson and Dyess--controls ~70% of the company via their preferred stock holdings. It appears now that perhaps they didn't pay for their shares but actually 'earned' them--what ever that means. "Earned" is often a code word for gifted to themselves as founders' shares--they ought to explain what "consideration" can be applied for shares that have been "gifted/earned" if in fact they were. Were they shares earned for services, shares given in lieu of past due salaries...etc.? What is the basis? If management thinks shareholders do not have the right to know, they have another thing coming.
If the company is expected to earn double digit EBITA, they should have no problems taking restricted stock at 1.4c+ so what is so "unrealistic" about canceling their preferred stock and taking commons just like common shareholders?
What is the problem if you know how to swim, Covey? Swim with the common shareholders. Walk a mile or two in our shoes. LOL.
Not even 6 months since going public and they got slapped with a Wells Notice from the SEC. Too funny.
I LOVE MTVX!
Cover now.
Lol so they are. Or are they.
I just sent this post to MTVX management. Not expecting a response but they need to open their eyes and step into investor's shoes.
$1M buy back? They're broke! They had to borrow $78k to fund operations. Wow. Just wow...
good one
Quote:
My belief is they are going to receive an undisclosed amount of money that no one really knows the amount = FACT
How is this a FACT if it's your belief?
Rereading your post again, I'd say you do a lot of dreaming.
Ms. BB, Do you think APT management read these posts on ihub? Since you are incredibly knowledgable about these issues, would you consider sending an email to Covey or whomever you feel is the most competent at APT who would take your suggestions seriously? Thanks for all your posts here.
Moderators. please make this a sticky. Thank you.
No he's not. This causes the company to fly straight , true and transparent. They are up to bat and have 2 strikes. They have to do something shareholder friendly pretty darn quick. Plus, this could take 2.7 bil shares out of the market fast. I know why. Do you?
Tues could be the start for an $MTVX home run.
Although sec is on the companies tail they allowed them to pay a fine or else this company would of already been halted or suspended. IMO this is a great sign.
MTVX Stock Message Board http://investorshangout.com/APT-Moto-Vox-Grou...TVX-87784/
At the very least they could remove the anti-dilution clause from there preferred shares. Then any R/S would also effect them.
Will you be talking to management about these ideas?
-10
new 8K designed to force a cover
+1
He does make a good point man
Excellent post by Ms BB, and I 100% agree with all you say, I have been here since .03 cents a share and ( YES) Dumb me, I did not sell 1-share trusting in APT Management to correct this IR problem etc, shame on me for thinking this APT/Motovox Management team was truly looking after it's shareholders.
I took off my Rose colored glasses over 2- Months ago when I continued to see IR continue to dump Millions now over a Billion shares and for what a lousy $2.3 Million debt. INSANE!!
Yes, even I'am very Happy to see the SEC & Finra will now be watching everything they do to make sure from now on they start to respect the shareholders that supported this company from the start of this R/M months ago.
I still consider myself a true long, that will still hold all my few Millions of shares here, but enough is enough already, APT must come to the plate with real positive news with real meat if we ever want to see the share price fly past .01 cent and become a truly successful Recreational & Engine & Carb manufacture. IMO
Ms BB post:
This is the BEST news I've seen on $MTVX to date. I love the Wells Notice they got hit with as it will be a wake up call to management et al. Contrary to the opinion of some, a Wells Notice is not a small slap on the wrist, it is serious because the SEC can take civil actions against management on behalf of shareholders.
Shareholders have spent an inordinate amount of time trying to obtain information from this management but somehow they think they can decide when and what info they will give. Perhaps they forgot that they are no longer a MO corporation but a public company regulated under the Act as well subject to DE state law wherein our rights as shareholder include right to information and inspection of records. They'll get it together eventually.
Since the SEC and possibly FINRA are watching management, we can take R/S off the table since FINRA will most likely not approve this corporation action.
What should these guys do to make things whole with their shareholders? How about listening to some of our earlier recommendations:
1. Management (all executives) ought to CANCEL their Preferred E and C issued to them and take restricted commons at the exercise price as listed on the S-8 filing. Management told us that they felt this proposal was unrealistic. We will tell you why this is more than realistic and fair. Initially, we were told that all legacy investors (management included) capitalized the company, meaning they paid cash for shares of APT Group, Inc. or the LLCs. They later came back and stated that some (don't know who) "earned" shares. I don't like this type of documented inconsistencies. Anyhow, "some" of management "earned" shares of the LLCs which they ran down to the ground. It is my sentiment and sentiment of many shareholders that management must "re-earn" shares of this public company that is MTVX, not the Missouri based LLCs. If the Company is positioned to record double digit EBITA as touted by Covey, management should have no problems taking restricted commons at 1.4c +, right? Right.
2. Proceeds from Cerner deal ought to be used to buyback the 2.7 billion shares issued to legacy investors.Management created this mess with the legacy investors, they ought to fix it instead of expecting the market to keep picking up after their mess. At market price, legacy investors still make a 10,000% return. Spend the money to get rid of these shares and make your shareholders whole.
3. Stop making stupid decisions. It will not end well for you.
Yeah ok. I don't short but should have. I've been here a very long time. So far management has been less than impressive and I doubt anything you posted comes to fruition. Sounds good though.
Of course they do. Knopick reads posts on the HUB and certainly will relay the message. They've had the recommendations for weeks. We've requested the actual $$ amount of investments made by 'management' after they replied that they capitalized the company. Executive management -- Covey, Patterson and Dyess--controls ~70% of the company via their preferred stock holdings. It appears now that perhaps they didn't pay for their shares but actually 'earned' them--what ever that means. "Earned" is often a code word for gifted to themselves as founders' shares--they ought to explain what "consideration" can be applied for shares that have been "gifted/earned" if in fact they were. Were they shares earned for services, shares given in lieu of past due salaries...etc.? What is the basis? If management thinks shareholders do not have the right to know, they have another thing coming.
If the company is expected to earn double digit EBITA, they should have no problems taking restricted stock at 1.4c+ so what is so "unrealistic" about canceling their preferred stock and taking commons just like common shareholders?
What is the problem if you know how to swim, Covey? Swim with the common shareholders. Walk a mile or two in our shoes. LOL.
Not even 6 months since going public and they got slapped with a Wells Notice from the SEC. Too funny.
I LOVE MTVX!
Cover now.
Lol so they are. Or are they.
I just sent this post to MTVX management. Not expecting a response but they need to open their eyes and step into investor's shoes.
$1M buy back? They're broke! They had to borrow $78k to fund operations. Wow. Just wow...
good one
Quote:
My belief is they are going to receive an undisclosed amount of money that no one really knows the amount = FACT
How is this a FACT if it's your belief?
Rereading your post again, I'd say you do a lot of dreaming.
Ms. BB, Do you think APT management read these posts on ihub? Since you are incredibly knowledgable about these issues, would you consider sending an email to Covey or whomever you feel is the most competent at APT who would take your suggestions seriously? Thanks for all your posts here.
Moderators. please make this a sticky. Thank you.
