$MXMI:Max Media/Hoptautoweb.Valuable properties
I am writing this to help clarify Max Media and its value.Around 2004-2007 HotAutoweb did over $10million in car auction sales and was purchased by the current manager (Jim Grady) of Max Media and was part of a public company initially knownas Snap and Sold,Snap and Sold then became Hotauto and traded as such.Jim Grady then left the Company and Hotautoweb was privatized.In the pursuing years the new owners of HotAutoweb did not know how to manage the auction part of the business and let the company slide to practically no sales.Sometime around 2007-8 the owners of Hotautoweb approached Jim Grady about buying it back,Mr Grady did so within Max Media.It is my understanding that all of the web technology for auctioning and all assets are in place and it gets good traffic but that Max media team needs to build up the auction car sales again and thats why they made the move to buy the brick and mortar auction company,but it did not work out as they were told.So what Max Media has are about 10 or more very lucrative socialmedia sites like Hotautoweb and others that are they are building back into highly successful sites.This is Internet Socialmedia People,Its not about profits its about created valuable socialmedia sites Facebook,Youtube,Myspace,TWIITER linkedIn all did not or still make little money in their first few years yet have billion dollar valuations.HuffingtonPost was sold for $180million and year and half ago with barely any revenue,This is Socialmedia People In the Year when Facebook will go public,Socialmedia will move markets give Max Media time
