Replies to post #31892 on Max Sound Corporation (MAXD)

[wlred]

It’s important to know how the company is structured no? LLC designation for a company for example puts less risk on the owner of a company if things go south. I’m hoping this is a completely separate thing from MAXD but I’m just questioning everything that may pose a risk to the company.

[grantastic]

CEO Greg Halpern owns a controlling interest in MAXD via preferred shares.

If Greg Halpern declared bankruptcy, his assets (including those preferred shares) would need to be sold to satisfy his debts.

Greg Halpern owes Google $820,000. Google may have the opportunity to buy this controlling interest in MAXD to offset some or all of that debt.

If Google controls MAXD, then how vigorously do you think MAXD is going to pursue lawsuits against Google?

Think about it....

Is the ceo not allowed to file for bk? What if it's a personal bk or debt consolidation bk. What if it has nothing to do with maxd? Maybe it's a divorce?