Max Media Group, Inc (MXMI)

[J.T. The DD King]

If I'm not mistaken this ticker was an old P&D that went through a rinse & repeat cycle then got halted on a technicality. I could have it mixed up with another ticker, but I think this is the one I made a mental note on, that is if it just started trading again.

[molee]

~ I dunno .. $1.23 for me

GLTUs

[AlwaysClutch]

I wish it was someone on this board who's buying up small amounts of shares once a month, so they could tell me why lol

[DTRocket]

-maybe getting ready to soar like a rocket or "Launch"

[AlwaysClutch]

Anyone have any ideas here? The company has a stop sign and someone still spent $500 for 3700 shares today? Is there something going on behind the scenes? Any thoughts out there why the bid continues to rise?

[AlwaysClutch]

Anyone tell me what's going on with this??? 1,815 @ 0.3087???

[AlwaysClutch]

The bid continues to rise though lol

[midnightexpress]

this is a bust, no one in the company has money, and the stock is in a bad way...they can't raise any money.....TOAST

[coffee12]

Are they still in business?

[AlwaysClutch]

Oh there's a stop sign now? How long's that been there? Didn't even notice...

[AlwaysClutch]

*crickets*

[midnightexpress]

what is this thing doing these days, NOTHING? seems like there is no company,,,they should sell the entity or look for another company to run.....the big stink

[AlwaysClutch]

Well yeah, I never said he was perfect. He, and others, clearly made mistakes.

[mannmann]

I think you need to check on way no action could it be because of Jim ?

[AlwaysClutch]

It's sort of depressing that of all the pinks out there, 2-3 years ago this is one of maybe one of three pinks that I've ever held shares in where I truly thought it was 100% legit (at that time), and actually had a business plan that could take them places. Jim was a genuine dude IMO, for those who had the chance to meet up with him in person back in the day got to see that I think.

*continues to sit quietly for another 6 months while nothing happens in the world of MXMI zzz*

[midnightexpress]

ruined by a split and then no pr no nada,,,what in the world was the guy who had that idea thinking?

[ttmasher]

And why is the "BID" moving higher and higher??

[AlwaysClutch]

Someone bought 122 shares @ 0.9??? Why..

[AlwaysClutch]

Isn't it kind of strange though how they've done or said next to nothing since taking over (aside from the reverse)? You'd think they'd at least try to get some interest in the stock? What gives?

[TEFFY]

maybe this trades again someday , that split was crazy. ugly too

[wickw50]

For those who may be interested: http://www.facebook.com/babelation

[AlwaysClutch]

Sure is quiet around here...

[wickw50]

First the R/S and then the dilution ... boom! Max Media Group, Inc. (the "Company") (PINKSHEETS: MXMI), announced today that it has executed a Letter of Intent with Secure One Solution, Inc., a private Delaware corporation, to acquire the exclusive US license to market a bootable Universal Serial Bus ("USB") flash drive (the "Product"), that will enable users to access a complete suite of services and applications protected by the highest level of military grade internet security. These services include email, telephone and voice mail, IM, fax, paging as well as music, movies and video. The Product prototypes look and feel the same as the millions of other flash drives presently in use that mainly provide connectivity. The unique feature of the Product is that it contains a secure operating system separate from the hard drive together with a secure/hardened operating system, virtual private network and authentic back-up service. The Product is compatible with all home and office computers (including governmental and military) as well as all hand held devices and its advanced encryption protocol assures secure internet transmission. This Product addresses the universal concern of the sanctity and security of online commercial, banking and other transactions. The security protections afforded by our Product will become ever more relevant as the volume of online commerce continues to increase, whether conducted at home, office or mobile devices. The Product and its services and applications will be priced such that its many features will be substantially less expensive to the user than if acquired separately. The Company is evaluating many marketing strategies for the Product, including Big Box Outlets, telemarketing, exclusive labeling and internet sales.
In consideration, the Company will issue a total of 10,000,000 shares of its authorized but unissued shares of common stock and agree to pay an annual royalty of 5% to Secure One on all sales whether such sales are made by the Company or its sub-licensees. The terms and conditions of the exclusive license agreement when executed will oblige Secure One to provide technological upgrades and support services to our customers as well as to begin a program of national and regional advertising and promotion.

In order to simplify its capitalization, the holder of the Company's $15M convertible preferred note has agreed to convert that note into 10M shares of the Company's authorized but unissued common stock and to dispose of these shares only when and if the Company achieves certain levels of sales and earnings to be determined by the Board of Directors.

Contact:

Michael Manocchio

561-859-3081

[wickw50]

looznbux, tks, and yes... dead..

[looznbux]

Float = 129,016 post-reverse split freely tradable shares (distributed amongst ~528 stuck-holders), according to the last quarterly filed on Dec. 13, 2012 for the period ending Sept. 30, 2012, with a "working capital deficit" of greater than $15 million that remains unresolved.

They also touted some BS "operating plan" to sell a "suite of email, voicemail and other services" and a "commercially viable social networking system" starting with "the military". ROFL

They still mention "utilizing the 25,000,000 user base it acquired as part of the BB2 acquisition in 2011 to market these and other related services". LOL

This shit is DEAD. RIP

[wickw50]

Dspetry, The MM's have yet to make a market here for trading MXMI, and I'm not sure what the float is after the R/S.

[Dspetry]

What's with the spread?!?

.08 (NITE) x .95 (CDEL)

[wickw50]

nice increase in pps...

[AlwaysClutch]

Well, that sure is special, R/S straight back into a sub-penny? What? lol, I guess it isn't surprising to anyone what a hunk of garbage this has turned out to be, oh well, like Teffy I didn't have much left in it anymore.

Happy Holidays everyone, hope it's a good one.

[TEFFY]

yup looks like a bonefied POS here AGREE, but in all fairness,

glad I only had $1,200.00 bucks worth into the R/S ,small loss

that verbage is on EVERY OTC companies filing , did you know that?

with any luck they take the pps down further and make this tradable

When ya cant win in a trade , trade your way out when and IF possible.

[midnightexpress]

this quote is perfect from the 10Q
These factors raise substantial doubt about the Company’s ability to
continue as a going concern. The accompanying financial statements do not include any adjustments that
might result from the outcome of this uncertainty.
The Company is not presently able to meet its obligations as they come due......why in the world would anyone buy this hunk of warm digested horse feed

[molee]

~ No comments on the 10Q ??

http://www.otcmarkets.com/financialReportViewer?symbol=MXMI&id=96595

GLTUs

[wickw50]

don't worry.... it'll get worse...

[midnightexpress]

right now, this is a pile of warm digested horse feed

[AlwaysClutch]

A couple of questions I suppose.

Why is there an announcement/effective date for the common shares but no announcement date for the Series "B" Convertible Preferred Stock? It just says that it is effective on October 26th? Furthermore, what are the Series B shares anyway? I don't know much about it or who holds them? And last one, what's an S-1 registration statement? Sorry for all the questions, and thanks for any additional info you can toss my way :)

[TEFFY]

Max Media Group, Inc. (MXMI) Completes Reverse Split of Its Common and Preferred Stock and Moves Forward With S-1 Registratio...
Date : 11/15/2012 @ 10:33AM
Source : MarketWire
Stock : Max Media Group, Inc. (PC) (MXMI)
Quote : 0.0011 0.0 (0.00%) @ 4:35PM


Max Media Group, Inc. (MXMI) Completes Reverse Split of Its Common and Preferred Stock and Moves Forward With S-1 Registratio...
PrintAlert
Max Media Group, Inc. (PC) (USOTC:MXMI)
Intraday Stock Chart
Today : Thursday 15 November 2012

Max Media Group, Inc. (PINKSHEETS: MXMI), OTC Markets, symbol MXMI (the "Company"), announced that the reverse split of its common shares effected on a 1 for 400 basis, was previously announced by the Financial Industry Regulatory Authority ("FINRA") on October 8, 2012, with an effective date of October 9, 2012. The Company also announced the reverse split of the shares of its Series "B" Convertible Preferred Stock on a 1 for 10 basis with an effective date of October 26, 2012. The Company also confirmed that the audit for the calendar years ended December 31, 2010 and 2011 has been completed. Mike Manocchio, the Company's president stated that "he is grateful for the patience and support of the Company's shareholders and that plans to file an S-1 registration statement regarding the Company's common stock are proceeding." He also indicated that the Company is continuing to evaluate several attractive business opportunities with a view toward either acquisition or joint venture arrangements.
Contact:

Michael Manocchio

561-859-3081

[PennyLaneDi]

Max Media Group, Inc. (MXMI) Completes Reverse Split of Its Common and Preferred Stock and Moves Forward With S-1 Registration Statement

http://www.marketwire.com/press-release/max-media-group-inc-mxmi-completes-reverse-split-its-common-preferred-stock-moves-forward-pinksheets-mxmi-1727013.htm

[TEFFY]

YES NEWS AND THE PPS SETTLEING sure would be nice.

[AlwaysClutch]

Yeah, any news whatsoever would at least cause a few trades to take place. I'm curious where the bid/ask will meet. The bid has stayed the same, but the ask slowly keeps coming down each day. Until news then this is going to be so stagnant unless someone caves on that 7 cent bid :(

[TEFFY]

news or an update sure would be nice.

[molee]

~ "D" comes off Monday ...

http://www.otcbb.com/asp/dailylist_search.asp?DirectSymbol=MXMID&OTCBB=OTC

GLTUs

[midnightexpress]

shares could come out if they had some type of convertible security

[TEFFY]

from what pitts posted, I believe you are okay as far as getting your shares in the market, BUT ,

with the split, we all have less shares now.

Restricted shares and certs are affected the same with the R/S

Once certain conditions are met, of course the 144 sales are available.


Quote:
--------------------------------------------------------------------------------
Rule 144 is not available for the resale of securities initially issued by a shell company (reporting or non-reporting) or a former shell company. These securities can be resold only through a resale registration statement, unless certain conditions are met. These conditions are:

*the issuer of the securities has ceased to be a shell company;

*the issuer is subject to the reporting requirements of section 13 or 15(d) of the Exchange Act;

*the issuer has filed all reports and other materials required to be filed by section 13 or 15(d) of the Exchange Act, as applicable, during the preceding 12 months, other than Form 8-K reports; and

*one year has elapsed since the issuer has filed current ‘‘Form 10 information’’ with the Commission reflecting its status as an entity that is no longer a shell company.

If these conditions are satisfied, then the securities can be sold subject to all other applicable Rule 144 conditions.

[TEFFY]

ah ty , my bad.

I know someone who is sueing because of the filing (and they cant convert), must be a different situation.

Would it be correct to say that being a shell company hinders dilution?

Would it be safe to say certs will not hit the market?

[pitts77h]

Not true. I suggest you examine the SEC interpretation on this matter, available here:

http://www.sec.gov/info/smallbus/secg/rules144-145-secg.htm

Once certain conditions are met, of course the 144 sales are available.

Rule 144 is not available for the resale of securities initially issued by a shell company (reporting or non-reporting) or a former shell company. These securities can be resold only through a resale registration statement, unless certain conditions are met. These conditions are:

*the issuer of the securities has ceased to be a shell company;

*the issuer is subject to the reporting requirements of section 13 or 15(d) of the Exchange Act;

*the issuer has filed all reports and other materials required to be filed by section 13 or 15(d) of the Exchange Act, as applicable, during the preceding 12 months, other than Form 8-K reports; and

*one year has elapsed since the issuer has filed current ‘‘Form 10 information’’ with the Commission reflecting its status as an entity that is no longer a shell company.

If these conditions are satisfied, then the securities can be sold subject to all other applicable Rule 144 conditions.

[wickw50]

teff, so how does that affect the dividend shares we have?

[homey_g]

Bummer...

[TEFFY]

We previously were a shell company. Therefore the exemption offered pursuant to Rule 144 is not available. Anyone who purchased securities directly or indirectly from us or any of our affiliates in a transaction or chain of transactions not involving a public offering cannot sell such securities in an open market transaction.

FACT 1) no one will be diluting anything, the statement in the filings that MXMI was a shell company STOPS any shares from hitting the market because there is no broker that will or can clear sdhares in a shell company , NOT POSSIBLE!

[homey_g]

WHAT BS! FREE shares from a DIVY...and not worth the cost of getting them unrestricted. NOW...worth even less!

[midnightexpress]

correct