$MAXD 0005 DROPPING With Buyback news
Max Sound Corp. Investor Update: Shareholder Takes Assignment of Convertible Debt & Executives Begin To Buy Back MAXD Stock
SAN DIEGO, June 06, 2018 (GLOBE NEWSWIRE) -- Max Sound Corporation (OTC:MAXD).
The Company is very happy to announce that its largest investor has taken assignments of the Company’s currently convertible debt.
On May 31, 2018 the Company’s largest investor began purchasing Max Sound’s debt from various note holders who had notes that were eligible for conversion.
“We and our shareholders have been rightly concerned with the dilution of the Company’s stock. We believe this is a very positive step that will change our value in a real way,” stated Max Sound’s CEO John Blaisure. “Even with all of the challenges we have faced, this is an exciting time for the company.”
The Company’s Chairman and CFO has not taken a salary for six months together with several new loans he has made to the Company. He and the CEO have begun to buy back MAXD stock this week and expect to continue that trend for the foreseeable future. Watch for Form 4 filings with the SEC. The company expects to have more very positive information to release in the near future on several fronts.
