It never mattered what language Greg Halpern inserted into the SEC filings as his understanding of the truth is truly “alien” compared to the standards applied to the rest of the business world. Greg “alluded” to a great number of things that never panned out. And then when his filings were questioned he took the company to “non-reporting” status and stopped filing.
The Mexican mines existed long before Halpern started marketing the relationship with MAXD. However, the contract between MAXD and Nacho Natera was never completed because the money promised by Halpern was never raised and the stock promised by Halpern never changed hands as it was already pledged to Harvey Vechery on notes. The stock was locked down by the transfer agent. Greg did not convince anyone to invest in the mining operation, so the deal was dead. The mines needed that money to operate. You can’t have a deal when something of value doesn’t change hands. Therefore, there was never any deal with Nacho Natera. In other words. It wouldn’t matter if the mines were profitable right now as MAXD has nothing to do with them because they didn’t fulfill the contract.
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