“MAXD Earnings Date Jun 19, 2023 Jun 24, 2023.” The unmitigated gall of Halpern to be even mentioning dates referencing anything to do with “earnings.” After 14 years of earnings so minuscule they should be classified as ZERO, it takes a Pleiadean level of chutzpah to even claim to know what the word “earnings” means.
Tip Solutions and Formula Four were both fully funded by money from Harvey Vechery, and those are the only real "earnings" for the company. All other money for MAXD also came from loans from Vechery and convertible notes from toxic lenders, and that shouldn’t be referred to as earnings.
MAXD had opportunities for revenue deals, which would have resulted in “earnings,” but they were all terminated, in one way or another, by Greg Halpern, the company “cooler.” The man who has not filed the required SEC reports for three quarters and was only going to file an extension on May 19th, is now attempting to lay his failures off on Harvey Vechery. By the way, does Halpern even have earnings to report for MAXD?
As a matter of fact, as long as one of the topics is earnings and revenue, why didn’t Tip Solutions and Formula Four not continue to pay their quarterly licensing fees? Which would have been "earnings." Because MAXD didn’t follow through with the technology upgrades for Tip. Why? Because the MAXD engineers were not paid for past due balances so they would not do the work. Even though the $250k funding for the engineers was loaned to Halpern to pay them. Where did that $250k go? Furthermore, where did the rest of the $500k to Formular Four funding go? The $150 came back to MAXD, but what happened to the $350k balance? Once again, this is why the forensic accounting work is so important.
