Max Sound Corp (OTCBB:MAXD) Still Having A Poor Performance

[[tagnumber 0]][[tagnumber 1]]After a terrible performance in 2014 that continued throughout the first quarter of 2015 Max Sound Corp (OTCBB:MAXD) managed to gain some ground in the first half of April and briefly reached above the 10 cent per share mark during the April 20 session.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Since then, however, the stock’s performance has been far from stellar. [[tagnumber 6]]MAXD[[tagnumber 7]] did manage to record a couple of green sessions in the middle of May as well, but the overall direction in which the ticker was moving was downward and by July 9 the company stock had lost around 70% of the value it had in the April peak.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]And although the company has supporters the actual situation is very clear when you see the numbers contained in [[tagnumber 6]]MAXD’s[[tagnumber 7]] financial reports. Here is a glimpse of what you can find in the one covering the first quarter of the year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 17]] [[tagnumber 18]]cash: $21 thousand[[tagnumber 19]] [[tagnumber 18]]current assets: $94 thousand[[tagnumber 19]] [[tagnumber 18]]current liabilities: $5.8 million[[tagnumber 19]] [[tagnumber 18]]revenues: ZERO[[tagnumber 19]] [[tagnumber 18]]net loss: $1.9 million[[tagnumber 19]] [[tagnumber 28]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]And while the cash reserves and current assets have continued to decline to alarming levels we see that [[tagnumber 6]]MAXD[[tagnumber 7]] has stopped generating even the miniscule revenues that it was last year. In the same time the net loss has remained relatively large. Looking more closely we see that the general and administrative expenses were $787 thousand, $241 of which were from the monthly compensation of the company’s CEO, CIO, CTO and CFO. That seems pretty rewarding when you run a company that has actually seized to generate any revenue whatsoever.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Oh, and let’s address all the people who are talking about the [[tagnumber 6]]Google[[tagnumber 7]] and [[tagnumber 6]]YouTube [[tagnumber 7]]lawsuit. [[tagnumber 6]]MAXD[[tagnumber 7]] has told us time and time again that they have intellectual property rights over European Patent EP 2 026 277 which is owned by [[tagnumber 6]]VSL Communications[[tagnumber 7]], a company that has virtually no online presence apart from the [[tagnumber 6]]MAXD[[tagnumber 7]] press releases.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]VSL Communications are said to be the creators of the Optimized Data Transmission Technology[[tagnumber 7]], but if you have already clicked on the link provided in the previous paragraph you would see that the applicant for the patent was [[tagnumber 6]]Cornerstone Group Ltd.[[tagnumber 7]] and the inventor was [[tagnumber 6]]Alexander Krichevsky[[tagnumber 7]].[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Meanwhile, investors on different message boards are comparing the fact that [[tagnumber 6]]MAXD’s[[tagnumber 7]] allegations came after they found some post–it notes that were accidentally handed over to the company from Google to something that you might see in “an episode of Archer or Venture Bros.”[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]It comes to you to decide whether [[tagnumber 6]]MAXD[[tagnumber 7]] has sufficient enough claim to win the case which is set for a hearing on [[tagnumber 6]]December 8, 2015 in the District Court of Mannheim, Germany[[tagnumber 7]] or if this is just another penny stock scam. We can only advise that you do your own due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]