Max Sound Corporation (MAXD)

[ican335]

I agree. I suspect the revised, or new, agreement resulting from the term sheet is in process with the lawyers, with an uncertain finish date.

The announcement of the term sheet, while not providing a finished binding agreement, may have been just a way to imply an end to the dispute between MAXD and Vedanti/VSL. One could argue the pros and cons of releasing the info now, but under due diligence (which folks on this message board are doing, which is cool) one could see the term sheet as promising, but not binding, and invest or not invest based on how they choose to view that.

The original agreement between MAXD and VSL remains in force, as I have not seen any announcement that it has been invalidated.