Max Sound Corp (OTCBB:MAXD) Finishes The Week Green
[[tagnumber 0]][[tagnumber 1]]After a long period of sliding we finally saw Max Sound Corp (OTCBB:MAXD) climb the charts in the middle of last month, following an update on the patent infringement lawsuit that the company has filed against Google.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Unfortunately, the upward hype didn’t last that long and [[tagnumber 6]]MAXD[[tagnumber 7]] came flying down the charts. The volumes were bigger than usual and this isn’t something surprising when you consider the fundamental lying at the base of the company. A quick look at the report for the first half of the year reveals some troubling numbers.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $6 thousand[[tagnumber 13]] [[tagnumber 12]]current liabilities: $6 million[[tagnumber 13]] [[tagnumber 12]]revenues: ZERO[[tagnumber 13]] [[tagnumber 12]]net loss: $4.8 million[[tagnumber 13]] [[tagnumber 20]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Those numbers certainly look very grim, but there seem to be some people that think the things with the lawsuit will go well. While [[tagnumber 6]]MAXD[[tagnumber 7]] might end up getting some money in a settlement, however, those gains won’t last forever. This is just how things go with patent trolls.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, after some heavy sliding down the charts we saw the ticker finish last week in the green. [[tagnumber 6]]MAXD[[tagnumber 7]] climbed 11.32% and was sitting at $0.0295 at the final bell in Friday. A total of 4.32 million shares had switched hands during the sessions and generated $123 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]MAXD[[tagnumber 7]] is showing some signs of upward movement in the first minutes of today’s session as well. However, only time will tell if it will continue to do so throughout the week. Be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]