Harvey Vechery owns Max Sound Corporation and all the MAXD assets, including the source code and all related MAXD technology. That is what is commonly referred to as a “stone cold fact!” The judge determined that to be part of the case. Vechery owns all records associated with the company as well. It’s all part of the court order. He also owns whatever MAXD property Halpern has hidden in his personal safe, including the Connie Nash source code which he recently stated was “lost in the move.”
As I have shown in a prior post, Max Sound Corporation bought the source code and technology from Lloyd Trammell in a stock exchange. Greg never owned it, the company did. That’s in black and white. Halpern seems to have forgotten that he pledged all his personal assets, along with all the assets of Max Sound Corp, as collateral for all the millions Vechery loaned to Halpern personally, as well as to the company. The company now belongs to Harvey Vechery. Lock, stock, and barrel. Prove me wrong.
“Harvey Vechery has a legal obligation to fix the company.” Setting aside the admission that the company is “broken,” and thanks for that by the way, Harvey Vechery doesn’t even have a legal obligation to RUN the company. There is no legal obligation to “fix” anything. Find that for me in the law books. How would the government define the word “fix” anyway? Governments and the judiciary do not oversee success or failure in business unless and until the laws are broken. Sometimes not even then. If that were the case Halpern would already be wearing stripes.
As to the “legal obligation” comment, as I see it, Harvey Vechery has several options as the new owner of the company. Most of them are not “legal” obligations as any attorney would state that opinion if asked. He has a legal obligation to follow the rules when taking over any corporation as well as to follow the SEC guidelines. Legalities and rules aside, he could choose to strip the company of all assets and dispense with them as he likes, Gordon Gekko style. He could attempt to sell an outdated technology, close the company, walk away, and then write off his losses. On the other hand, he could choose to invest the necessary money in legal fees to correct all the wrongs perpetrated by Halpern. This includes with the SEC, the OTC, FINRA, Delaware, California, and all taxes due to everyone else on the planet. He could then pay off the auditors, attorneys, and engineers to right the sinking ship and install a new engine to propel it forward. He could also choose to appoint a new leadership team to captain the ship. Those are choices, not obligations. Especially not of the legal variety.
Moral obligation? That’s a different story. Is it a moral obligation to counter immoral activity? Calling all philosophers! But why would Vechery need to “fix” the company anyway? Because it’s been run into the ground by a rogue CEO who had no board of directors to oversee his plundering and pillaging. No adult supervision. His only overseer was the chemically distorted image of the man in the mirror and an imaginary band of “force fed” marionettes on the chat boards. Because he diluted the stock to the point it would take the “gazillions” in revenue Greg Halpern was always promising to shareholders, to be able to achieve a ROI for anyone with stock in MAXD. Because Halpern spent more of his time monitoring and manipulating the chat boards, not to mention authoring fantastical 8ks and making up fake deals to pump the stock, instead of doing his job “fixing” the company. I wonder, for the last 14 years, what was HALPERN'S “legal obligation?” Isn’t he responsible for the status of the company delivered to Vechery by the court ruling? Some might even say Halpern's14-year agenda was to enrich himself and that he's the one who really “screwed the pooch” for the long-term shareholders.
“so HV doesn't get sued by the shareholders....” There it is again. The real agenda for Greg & the Halpernettes. The imaginary class action lawsuit. The only way Halpern thinks he can “win” money for himself is by suing the man who actually has some.
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