This statement was posted; “Mines, Vechery blocked that deal.” And this one, “The above are common sense, Vechery has power to control behind the scenes, otherwise why stop the mines????”
Common sense. Vechery never “stopped the mines.” If the mines were operational, they could have continued to operate. He had no "control" over a mine in a foreign country that he had no financial involvement with or connection to, or with it's owner, Nacho Natera.
Harvey Vechery locked down the remaining shares with the transfer agent, as was his right, because Halpern was out of control and offering large quantities of shares to Nacho and others when the company was in dire straits. Halpern was promising money the bank account couldn’t cash. The financial numbers were not consistent with any mining operation I’ve ever seen, and I’ve been involved in a number of them. I also have friends in the mining business look at the numbers and they laughed. Halpern never answered direct questions from shareholders about the mining operation numbers because he knew they couldn’t be backed up.
Halpern attempted to go direct to wealthy MAXD shareholders with offers to invest in the deal in an attempt to raise capital before he went public with the MAXD PR. He raised no money, but went public anyway. From looking at the filings, Halpern raised zero dollars from investors for the operation. As he was unable to raise the funding promised to Nacho, the deal could not go through. No money, no deal. Stating that Harvey Vechery blocked that deal is a stretch of reality, probably for future legal purposes, and nothing more than blame shifting.
Vechery blocked shares from being distributed by the transfer agent because Vechery had notes due against shares that were rapidly disappearing. He was exercising his right to protect his position. As a matter of fact, Vechery should have exercised that right from the beginning, especially since Halpern defaulted on every single note to Vechery, both personal and for MAXD. Vechery didn’t take the shares, which he had every right to do, he just locked them down so Halpern couldn’t take them. That was also for the protection of the shareholders. The bottom line is that Halpern could have continued to raise money on his own but did not. “Blocked by Harvey” or not, the mining deal was never real for MAXD.
AI
