Friday, May 19, 2023 10:07:19 AM
A simple field trip to EDGAR will show the date of the infamous 8k filing was November 21, 2022. To clarify, Halpern had filed the extension request on November 14, which was the day before the third quarter 10Q was due on November 15th. The extension meant the report was due on November 21st. Instead, Halpern filed the 8k in place of the 10Q on November 21st, the day the late 10Q was due. In other words, he never filed the third quarter 10Q. Nor did he file the 4th quarter 10k, nor the first quarter Q. In Halpern’s mind, the filing of the fantastical 8k eliminated the requirement to file all three reports.
The 8k was filed on November 21, 2022. Unless I’m mistaken, the SEC/OTC placed MAXD on the Expert Market on or around January 19th. In other words, the SEC/OTC reviewed Halpern’s 8k, checked to see of the other three filings were updated, and then placed MAXD on the EM because of the non-filings. One action followed the other.
Between the OTC Markets and the SEC, Halpern was warned, in writing, in advance, they would place MAXD on the Expert Market if the filings weren’t brought up to date. I saw the warning on OTC Markets with my own eyes. Halpern may have thought the filing of the 8k would eliminate the need to file, as per the report requirements, but that’s not the case. If so, the SEC/OTC would not have placed MAXD on the Expert Market. I believe it was Halpern’s intent to allow the SEC to downgrade MAXD, but not because he was coming to the aid of the poor manipulated shareholders, but for his own purposes. That was always Halpern’s MO. Baseless promotions to promote the share price for his own benefit.
To summarize, Greg Halpern did not place MAXD on the EM to protect innocent shareholders from evil manipulators, MAXD was sent to the penalty box for breaking the rules. Following along with that logic, MAXD is in danger of being de-listed by the SEC if the reports aren’t brought up to date. 8k or not. As my mother was fond of saying, “Better to be slapped with the truth than kissed with a lie!”
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