Replies to post #22875 on Max Sound Corporation (MAXD)

[jdcpa1]

Massive dilution here. They issued 2 Billion shares in the 6 weeks leading up to early May.. and now a PR about 8 billion short..

LMFAO

[KeepItRealistic]

No dilution

I look at 6 digit double prints (aka xtrades) and/or t trades.

They were very prevalent when there was dilution

None to be seen for many weeks

Also confirmed by company

The correct number of MAXD shares issued for convertible debt or sold to the market for at least the last 6 weeks is ZERO. The notes that were responsible, as you may have seen from the recent release, were acquired by our largest investor who will never be a seller to the bid.

— MAX-D Audio (@MaxD_Audio) June 14, 2018

2.1 billion shares traded the last 7 days at 4/5
https://ih.advfn.com/stock-market/USOTC/max-sound-corporation-MAXD/historical

This is a planned accumulation of a good chunk of the float by big $$$ who know how to run large floats into the many pennies when the company catalysts come and come they will.

[FORDGT]

Janice knows her stuff! If she questions the float or outstanding shares etc. Pay attention..

[~ Blue ~]

do they have 24.4 billion shares???

[nodummy]

10Q filed today clearly discloses dilution

https://www.sec.gov/Archives/edgar/data/1353499/000135349918000043/qrt2_2018.htm

O/S at the start of 2017 was 935,642,114 shares

During the year ended December 31, 2017, the Company converted debt and accrued interest, totaling $1,309,243 into 1,229,440,607 free trading shares of common stock

O/S at the start of 2018 was 2,158,961,689 shares

During the six months ended June 30, 2018, the Company converted debt and accrued interest, totaling $824,379 into 3,781,345,898 free trading shares of common stock

O/S on June 30, 2018 was 5,982,186,158 shares


Based on the MAXD share price on June 30, 2018, MAXD is facing 32,240,562,182 more shares of dilution from convertible debt Notes




And if the price goes lower and/or MAXD takes on any new convertible debt, the amount of future dilution will increase.

[~ Blue ~]

Now, 32 BILLION!!!

Convertible Debt (Exercise price - $0.00016 - $.000350/share) 32,240,562,182

The computation of basic and diluted loss per share for the six months ended June 30, 2018 and 2017 excludes the common stock equivalents of the following potentially dilutive securities because their inclusion would be anti-dilutive:



June 30, 2018 December 31, 2017

Stock Warrants (Exercise price - $0.25 - $.52/share) 13,620,690 19,220,690
Stock Options (Exercise price - $0.00250/share) 95,332,500 95,332,500
Convertible Debt (Exercise price - $0.00016 - $.000350/share) 32,240,562,182 8,399,417,649
Series A Convertible Preferred Shares ($0.01/share) 250,000,000 250,000,000

Total 32,599,515,372 8,763,970,809

https://ih.advfn.com/p.php?pid=nmona&article=78073138