Replies to post #38985 on Max Sound Corporation (MAXD)

[MD1941]

The list of reasons for ousting the ex-CEO is a very long one. I think taking company property might create additional issues for our ex-CEO.

[J Galt]

“Noisemakers might have gotten what they wished for, but what happens to the HD????” The so called “noisemakers” have been clear from the beginning that we want the company to be profitable and to be represented by quality leadership. Leadership with ethics, morals, and values. Not the toxic atmosphere surrounding MAXD for many years now.

Why the sudden concern for the shareholders and the product? It seems to me we have been barking about both issues for a long time. The shareholders have been on the back of the bus with no consideration for many years, if ever. No more so than when Halpern forced the company onto the Expert Market, where the stock can’t be bought or sold other than through level three traders. That’s definitely not taking the shareholders position into consideration. In addition, Halpern has been insulting shareholders on the boards for many years, whether as his own aliases or through surrogates, and that indicates he doesn’t care about them.

As to the product, I myself have been stating for many years that there has been no innovation to the product, including the fact that Biometric Audio Security is nothing more than a patent with no completed engineering behind it. Call it being one step beyond the non-existent mineral mapping technology. Halpern is not a code writer, and no funding has been shown for engineers so “the product” has been stagnant. He never paid the engineers so they could make the upgrades. Therefore, the product has been ignored. Once the legal smoke has cleared, lets see what the new ownership does with “the product.”

[J Galt]

As to the posted comments about “what happens to the HD????,” and “That's GH property,” and the final posted comment about “He might be out, but is he really out, since he holds the property....,” There is an answer to those comments as well. MAXD Corporation owns the technology lock, stock, and barrel, not Greg Halpern. That’s indisputable. Also published many times over.

MAXD owns all the worldwide rights to MAXD HD Audio technology, which the company purchased from the inventor. NOt Greg Halpern, the company. Furthermore, MAXD is protected under the federal software licensing laws. Whatever MAXD technology Greg Halpern has in his possession belongs to MAXD Corporation and must be turned over by law.

Anyone can access public information on the SEC website and study the filings and I’ll post the related parts below. The bottom line is that Greg Halpern is out of the company in all ways. He does not own the property. He can no longer represent MAXD in any way.

Notes to condensed financial statements.
As of June 30, 2012

On May 11, 2010, The company acquired the rights to an audio technology known as max audio technology (MAX) through a share exchange whereby the company issued 30,000,000 shares of common stock to the individual in exchange for the rights having a value of $7,500,000 based upon recent market value (.25 per share)

Other Assets
Intangible assets 7,800,275 Company carrying on it’s books for the investment in (MAX) technology.

As you can see, the $7,500,000 initial (MAX) purchase price in exchange for stock, was combined with an additional amount of $300,275, invested by MAXD after the purchase to upgrade the technology, which brought the total value of the technology to the amount shown in the “intangible assets” column, which is the $7,800,275 value shown above. This amount does not currently show on the MAXD financials as accounting laws require that it be removed over time and depreciated off the books. That doesn’t change ownership rights as the MAXD technology is owned by the corporation. This is all public information.

The company and all assets, including the MAXD HD Audio technology, is now owned by Harvey Vechery. Which is the result when someone borrows vast sums of money and doesn’t back up their claims with action. Not to mention using the preferred shares as collateral and then repeatedly insult your angel investor.

[MD1941]

Please encourage our ex-CEO to cooperate with the transition to new management. The ex-CEO failed us in every way possible.

[grantastic]

"the HD" remains as imaginary today as it has been for the past 15 years.

There is no "HD" it's just a marketing gimmick that naive OTC gamblers easily got tricked by.

what happens to the HD????