Max Sound Corporation (MAXD)

[J Galt]

It was stated; “Our former CEO has no obligations with the company.” What about his obligations to the shareholders? To ensure a proper transition takes place. To comply with the court order. I’m sure the legal team will be contacting him about his “obligations” at the appropriate time. Will daily updates be requested about this time frame and schedule as well?

“And he has been in compliance....” He has not been “in compliance” since he stopped filing with the SEC and instead submitted his dime store 8-K. Anyone interested can go to the Yahoo site to read that breakdown. According to the Halpernettes, he was only going to file an extension on the 19th, but then he was officially removed by the court on the 18th with the issuing of the Final Order, retroactive to April 28th. Again, Halpern was only going to file an extension, on an extension, on an extension. That is not filing, it is the corporate equivalent of kicking the can down the road. That’s not compliance, it’s avoidance.

It is “time to move forward” and there “will be new guy in charge.” Both true statements. However, moving forward does not mean allowing Halpern a pass to walk away from the mess he created without suffering the consequences.

“Our former CEO is just that, yesterday's news....” True enough. He has been removed from his position in MAXD by the court. However, the great Santyana stated, “Those who cannot remember the past are condemned to repeat it.” Why is that important? Unless the failures of Greg Halpern are scrutinized by those in a position of power and authority, analyzed by forensic accountants, and placed in their proper perspective by historians, no one can, or should move on from Greg Halpern. The company will move forward, with Halpern in the rearview mirror, but it will be a long time before he is “yesterday’s news” as there are still many issues to deal with. I’m sure he’d like that to be the case, but our misdeeds tend to follow us around, and he is no different. Greg Halpern may envision himself fading away, but I believe he will be headline news for some time.