Max Media Group, Inc (MXMI)

[pitts77h]

The claim of 15 million users is beyond ridiculous.

There's been ZERO documentation of anything connected with the acquisition - no mention of the cost, how many shares were paid out, whether they're restricted or preferred or convertible notes or what. Nothing. No evidence of any revenue at all connected with all those users, which is pretty unbelievable. 15 million users and ZERO revenue? Yet the standard line by the puffers continues to be that management is amazingly honest and open.

It was just this past February that a whole lotta extra shares suddenly appeared on the market, and the stock sold off over 80% in 4 days. The excuse was that management "forgot" about them. Hilarious.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59878921

I'm sure it had nothing to do with this line in the annual report:

"On December 6, 2010 the Company issued 10 million shares of Series B Convertible Preferred Stock to our CEO James E. Grady. The Preferred Stock was convertible into ten (10) shares of our common stock for each share of such Preferred Stock. James E. Grady converted all of his shares of Preferred Stock into 100,000,000 shares of common stock on January 21, 2011."

http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=53024

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