Max Sound Corporation (MAXD)

[Long-vestor]

"next news here:AS 20B inevitable"

Nope, that news is already here. Current fully diluted outstanding is about 20 billion.

The Dec 31 10K reported fully diluted put every single 'loan contract, 'convertibles' in defualt because, in the least, The convertibles have a minium share trust requirement. You must carry reserve stock of 2-1/2 too 4 times reserve. Reserve the fully diluted outstanding, in case the 'lender' invaribly, all loans, all convertibles, warrant, cashless, options etc. call the lowest price conversion date.

An insurance policy in event of liquidation by all parties.

At 20 billion fully diluted in default right now?? That's not, in the least; 2-1/2 time the potential. It would have to have a 50 billion authorized, to get out of default.

Reverse split though. 1,000 - 2,ooo to 1. Now you can cover the notes without exceeding the 10 billion authorized. [wink]