Replies to post #6064 on Max Sound Corporation (MAXD)

[Long-vestor]

"Anyone roughly counted the total proportion of the company now owned by the creditors who swapped their debt for equity? Any more debt out there yet to convert?"

Yet, That would seem the only reason Vechery filed, an equity exchange, a contract that's not filed? It's as if Vechery is marking a claim on 32% eh?

0.0090 = $3,470,000 of its trust funds to acquire the 382,851,165 shares. In other words, .009 was the discounted price that Vechery got them for.

Vechery would have shorted, or ScrewU Halpern shorted shareholders, Because, there's no other means to obtain 32% of the outstanding..

Here's the terms: "("Conversion Price") for each share of Common Stock equal to 65% of the average of the three (3) lowest daily VWAP's with a 10 day look back of the Common Stock as reported on the National Quotations Bureau OTCQB exchange"

Oct 19 low was .0164 and high .0185 the lowest price average in 3(3) lowest daily with a 10 day look back, without VWAP, of the Common Stock as reported on the National Quotations Bureau OTCQB exchange days is: 0.01763

Without the VWAP: (Oct. 19: .0164, 18: .018, 17: .0175) / 3 = .0176 - 35% = 0.011245


The Volume weighted average price (VWAP) would be higher because for the 10 days prior to Oct 19 it was closing higher than .0173.

The VWAP is calculated with hourly volume and price. At open or at 10:00 AM , it was .018 by close it was .0173. Yet by noon the dump was on so, the conversion factor considering the terms lowest average of 3 days within 10 day look back would be MUCH higher.

The lowest VWAP in 3 day average would be Oct 19 .018, Oct 18: .01848 and Oct. 17 .01864. / 3 = 0.01837 - 35% = 0.01194

which means that, .0173 would be the lowest 3 day average price not VWAP, convertible sum to choose from..

Yet Vechery comes in @ .009 whereas .0173 - 48% = 0.008996.

While The 3 day lowest VWAP is: .01837 - 51% = 0.0090013

That's an 48-51% discount in any means conceivable to convert. NOT 35! NOT 65% of, [wink]

So, what's the relevance of that 32% equity? coincidence that Vecher just happened to convert because he got a 48% -51% discount to market, just happens to equal 32% of the outstanding as if he's owning the same amount that ScrewU has in preferred?

Unfortunately though, Screw switched his lousy shares for preferred, and, those get that "goody, goody" discounting, and dilution ratcheting clause, priority to commons in all class so, Vechery gets diluted while Screwu retains equity.

Unless there's some unpublished contract awarding Vechery equity, it's not. .

All I see is ScrewU Halpern shorting (short selling the stock in toxic convertible notes) too people up, down and sideways.

And during Oct 19-25, just as soon as converted, by noon Oct 19, Vechery got busy tossing it down to .010 while bailing his Grandchild's fund.

"Save the kid's money and run!"

The Vechery Family Trust expended an aggregate of approximately $3,470,000 of its trust funds to acquire the 382,851,165 shares of Common Stock beneficially held by it (the “VFT Securities”). The Vechery Grandchildren’s Trust expended an aggregate of approximately $130,000 of its trust funds to acquire the 12,759,144 shares of Common Stock beneficially held by it (the “VGT Securities”; and together with the “VFT Securities”, referred to herein as the “Securities”). The Trusts did not acquire beneficial ownership of any Securities with borrowed funds.

I.E. it's only 32% equity on that day as ScrewU who had what? $2,223 bucks on June 30 2016? , 10 million debt and interest, 6 months losses: ($7,328,056 )

Guarantied today it means; That 7 million in loses for the past 6 months ending June 30 2016, , ends up in Toxic loans. ScrewU continues dumping the 'Cartel's' loans.



But with that kind of BS .009 cent 48-51% discounting, Vechery probably didn't care?

Nope, this hints to an under-the table contract, and or why would you perceive it to be an "equity" transaction? Except that it would be, cheating the conversion factors, and more SCREWU, no gold, seppuku ?? ,(sometimes metathesized in English as harakiri (??), judo boy, Liar, Cheat, and Thief BS.

Oh BTW, ScrewU got caught 2 times by SEC. 1st in 1999; using a brokers license to conduct boiler room scam selling and then in 2007 for similar insider false shorting, otherwise known as, lower discounting than terms, as with Vechery's take.



So, yes there's plenty more debt to convert too and, Vechery's losing equity every second the market's open. [wink] .


ScrewU's corruption has no limits, Go figure?