APT Moto Vox Group Inc (OTCMKTS:MTVX) continues trading at $0.0001 on massive volume. The stock has been in a downward drift for months before a recent pop took the stock up only to end up where it started.
MTVX entered into a Share Exchange Agreement with APT Group, Inc. on March 21, 2014 pursuant to which the shareholders of APT exchanged up to one hundred percent (100%) of the total issued and outstanding shares of APT for Company shares, resulting in APT being a wholly-owned subsidiary or controlled subsidiary of the Company, and the Company being controlled by the existing shareholders of APT.
APT Moto Vox Group Inc (OTCMKTS:MTVX) is the holding company for the MotoVox® and MotoPed motorsport product lines, SmartCarb® patented fuel system, and the Sonic Flow small engine technology lines.
The Company has developed an oil-less two stroke engine and a new technology carburetor that has been certified by California air resource board as the cleanest carburetor they ever tested. This carburetor also has improved performance 7~12% and fuel economy 10~15% The other major significance is the APT carburetor can meet EPA emissions without an expensive catalyzer.
The MotoPed design (soon available in Beach Cruiser, Downhill, and Black Ops Survival bike models) is a radical new mash-up fusing the unique combination of a downhill mountain bike, a motocross motorcycle, and a moped. The MotoPed utilizes a patented jackshaft pedal drive system and various lightweight low-displacement engine packages in order to yield a 115 pound “Frankenbike” of sorts that gets up to 160 miles per gallon as a commuter, while letting its riders slam a back-country trail on the way home.
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APT holds 26 patents, and trademarks within the US and overseas, focused on fuel systems and design patents for our products, including patents for our SmartCarbs® fuel delivery system and our zero oil consumption, ultra-low emissions 2-stroke engine design (Sonic Flow Induction). We also hold various design and utility patents and trademarks on the MotoVox® line.
On October 27 MTVX announced they had a very successful debut last week at the AIM Expo in Orlando, Florida. The AIM Expo is one of the largest power-sport trade shows in North America, attracting quality retailers and suppliers from around the globe.
APT Motovox Group possesses over 500 individual, international distributor and dealer requests in addition to the nearly 400 at AIM. That is a significant number of dealers to process and qualify. APT expects this list to be paired down through the qualification process. The company will be attending two additional dealer shows in the next 90 days that will increase this list even further.
The Company has also been working diligently towards the completion of a previously announced asset sale. The transaction should be completed this week. The Company will share complete details after closing and funding.
Conclusion: MTVX continues trading at $0.0001 on massive volume. The Company recently launched its MotoPed bike and announces it has received a Record Number of Dealer and Distributor Order Requests for the bike.
While the Company does have exciting development and continue to produce some revenues their expenses are much higher and they suffer from little cash and mounting short term debt. This has caused significant convertible debt to be issued which has resulted in massive dilution with over 6 billion shares issued and outstanding.
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Currently trading at a $1.3 million market valuation MTVX is an exciting Company just coming to market quickly gaining the type of loyal shareholder base that can push these subs skyward. MTVX deserves to be on investors watch lists here and might just provide a spectacular trade opportunity in the coming weeks and months ahead.
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Disclosure: we hold no position in MTVX either long or short and we have not been compensated for this article.