Max Sound Corporation (MAXD)

[Helter Skelter]

Hard to say...a bunch probably went today...

Lookn to gt in anyone know how much notes r left

...and then there's this...

MAXD Secures $2 Million Funding Commitment

SAN DIEGO, CA -- (Marketwired) -- 06/28/17 --

Max Sound Corporation (OTCBB: MAXD) the innovators of MAXD HD Audio Technology and co-owners of the Optimized Data Transmission Technology patent portfolio, announced today that it has signed an agreement securing two million dollars in financing.

MAXD has already allocated a portion of the funding to consolidate and pay down certain outstanding convertible debt notes, with the goal of reducing pressure on its stock, and giving the market some breathing room.



"We are pleased with this new financing, as it sends a message to the market that MAXD is fiscally strong and ready for an acceleration as we move forward with our global litigation strategy and closer to signing licensing deals. We believe that consolidating debt with a friendly, long-term, strategic financing partner will be beneficial to the Company, its Shareholders and Investors," said John Blaisure -- CEO, Max Sound Corp.

About Max Sound Corporation: Creators of the acclaimed MAXD HD Audio, Max Sound can provide a better solution for Audio, Video and Data transmissions. Max Sound Corporation is the company that brings forth technologies for the betterment of our world, including being co-owners of the Optimized Data Transmission Technology patent portfolio. Max Sound®, MAXD® and MAXD Audio Perfected® and HD Audio® are registered trademarks. All other trademarks are the property of their respective owners. To learn more about the MAXD Technology, please visit maxd.audio.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Statements in this press release which are not purely historical, including statements regarding Max Sound's intentions, beliefs, expectations, representations, projections, plans or strategies regarding the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties including, but not limited to, the risks associated with the effect of changing economic conditions, trends in the products markets, variations in the company's cash flow or adequacy of capital resources, market acceptance risks, technical development risks, and other risk factors. The company cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Max Sound disclaims any obligation and does not undertake to update or revise any forward-looking statements in this press release. Expanded and historical information is made available to the public by Max Sound Corporation and its Affiliates on its website http://maxd.audio or at http://www.sec.gov.

Contact:
Max Sound Corporation
[e-mail]

Source: Max Sound Corporation

There was (rounded up) $5,000,000 in convertible notes as of June 30, 2017. A couple hundred thousand more were issued (restricted) post-Q. I don't know the effect of this $2,000,000 funding (PR above) on the remaining convertibles...how much it decreased the outstanding convertible notes.

I think today's action chewed through at least $400,000 of the notes. Of interest is that the price obviously soared during the convert and selling of shares...some non-iHub 'groups' were eagerly buying a majority of those converted and sold-into-market shares...in my opinion...

Saw this blurb in the 10Q and am still seriously impressed by MAXD's co-ownership of the potentially astronomical value (billions $$$) of the patent portfolio...

In November 2016, the Company entered into an agreement with Vedanti Licensing Limited ("VLL") and Vedanti Systems Limited ("Vedanti") under (the "VLL/Max Sound Agreement") granting the Company co-ownership of U.S. Patent No. 7,974,339 (the "`339 Patent") along with the other patents owned by Vedanti Systems Limited. Thus, the Company is now a co-owner with VLL of the `339 Patent and ODT Patent portfolio, pursuant to the VLL/Max Sound Agreement, the Company and VLL intend to file new lawsuit against Google and others for infringement as co-owners.

...MAXD had to 'fight' Vedanti to become co-owners...

I would think that there is a PR or filing to come tomorrow...or very soon...