Ok so - here's a long one. I am 99% sure MAXD is a bullshit P&D fraud.
edit: i think its quite obvious that I do not charge fees to clients for financial advice and that you shouldn’t be stupid with cash and if you are reading this you’re one of my stonk pals
I'm asking for two things:
1.) Can someone that has a better understanding of volume and its effect on price help a brother out? I'm not sure what the question is, but I'm looking for the answer.
2.) Show me how I'm wrong.
personal disclosure: A family member was tipped to buy 1.5million shares a few years ago. I had $83 dollars in a cash account at my broker and tossed that ish at MAXD for about 83,000 shares so that I can follow along with the family member and have fun - talk about the world and markets and stuff like that. I wake up one day with a big ol bump, in fact a 1000% bump.
Q: What is MAXD?
Opinionated Answer:
MAXD is an OTC stock for a company claiming to have "revolutionary HD audio technology". I've been a professional musician for over a decade with tens of millions of streams, and releases in every conceivable audio format from flexi vinyl to the highest definition digital files. I have assisted and worked in studios as an engineer. I am extremely familiar with basically all facets of the user/creater-side digital-audio experience. I am NOT A CODER. There is no information about their tech on their website.
There is a demo of their product (https://www.maxd.audio/) which is a laughably patronizing video taking a song with a tight stereo width and high and low pass filters which they then widen and open up the eq filters. The entire video is filled with their ticker symbol and a contest to win $1000. It claims to "Protect Your Hearing Health" Jesus. "iOS app coming soon!" App that does what!? EQ your phones output!? Even if they have some kind of compression technology or back end delivery technology, these claims are ridiculous.
Q: Why MAXD?
Opinionated Answer:
THE CATALYST!! Don't you know that they have been embroiled in a lawsuit with google for seven years!? The summary is on April 8th! To the Moon! /s
Above is what a bunch of one-month-old accounts are posting on reddit. New accounts with no karma that only post about MAXD, and all seem to be 51 years old, which is just a weird side note. To be fair, some are older established accounts. Useful Idiots in my opinion, and not the awesome Halper-Taibbi variety.
So here we go to the bizarre twist and turn that is supposed to explain why they are getting paid on 4/8/21:
Claim: Google stole MAXD technology. MAXD even has some pseudo organization called "Coalition against google" with one sponsor, you guessed it, MaxD, and a link to "imforthedream.com" a website with the a picture of Greg J Halpern (ceo or cfo of Maxd, cant tell) that makes the following claims:
Greg "invented crowdfunding" in 1998
International Judo Champion for the U.S. (looks like he did indeed medal at the 1976 junior olympics)
“Cause agent for solutions to global problems”
and my favorite:
“Exposer of crimes against humanity” (lol)
His biography reads like some combination of an extraordinary and successful individual with a pseudo-spiritual huckster of shit like electric anesthesia and a "healing video" for $40 in the 80's that used "subliminal noises including ocean waves and laughter" to help people in the "emerging field of psychoneuroimmunology". Don't get me wrong. I'm down with the wu at times, but not when it comes to investing in fucking penny stocks.
So Google stole this MAXD technology and was found guilty right? Wrong. MaxD lost the lawsuit back in 2014. MAXD'S OFFICERS ACTUALLY OWE GOOGLE 820,000 DOLLARS AS FAR AS I CAN TELL.
Now I'm not a lawyer. I have dealt in your standard record label and public release type of contracts, but these are confusing legal…notifications basically? Records? I am gracious for the hard work of reddit user /u/nonnynu for really diving into the paperwork: https://dockets.justia.com/docket/California/candce/3:2014cv04412/281151
Well, actually MAXD bought the rights to represent an architect named Attia. The April 8th judgement is going to be split fifty/fifty after legal costs and its going to be in the billions, and its going to help MAXD launch their audio products, right? Well I'm just going to go ahead and skip over the bizarre "fact", true or false, that MAXD bought the power of attorney for an architect suing google and make two points:
1.) How on earth is a sound tech company buying the rights to sue google from an architect THE SOLE RELIABLE catalyst for their share price to moon? What?
2.) The April 8th hearing is not even for google paying ATTIA! Its to see how much ATTIA needs to pay Google!:
“The hearings on the (1) Motion by Plaintiffs for Summary Judgment on Cross-Complaint and RElated Motion(s) to SEal; (2) Motion by Google LLC for Summary Adjudication and Related Motion(s) to Seal are rescheduled, on the Court’s own motion, from February 11, 2021 to April 8, 2021 at 3:00 p.m. via Zoom link provided below.
But the CEO's letter said its gonna moon! Right!? True! More or less! The CEO said in a letter to shareholders, Sounds like so much bullshit I'll include it in full below:
"Hello Shareholders & Investors, Thank you for your continuing interest in MAXD. You are now on our master list and will receive updates as they become available and released publicly to all.
Currently there is a great deal of enthusiasm for MAXD shares and technologies with those of you that have watched and experienced from the sidelines our endless battles with Google as we encountered interference on many levels. With that said, many of those matters are still in motion, and we expect to continue forward to successful conclusions of the claims previously disclosed, as well as other suits that are even more damaging but not yet disclosed for strategic reasons. In all of the cases in motion at this time, MAXD is not a party to the lawsuits, however the agreements benefit the Company by providing us the Power of Attorney to settle the cases, (or potentially one global settlement) on behalf of the various intellectual properties that Google wrongly took, but relies on for its enormous business and gigantic sales and profits.
Our MAXD HD Audio and Biometric Audio Security technologies are in final phases of development to be releasable on to Integrated Circuits and Semi-Conductor chips for mobile devices, and a variety of additional applications including software apps, which have experienced some outstanding results with consumers.
Stay tuned, you should be soon hearing great things about significant business achievements that put us in the market with many important companies and celebrities that deliver HD Multimedia throughout the global mobile ecosystem."
Last night I discovered that this guy filed for Chapter 11 Bankruptcy halfway through 2020. At least I'm 99 percent sure its him, having the same name and living in the same place and the documents mention litigation with GOOGLE. https://www.docketbird.com/court-cases/Gregory-J-Halpern/casb-11:2020-bk-01894
So yeah sorry for the novel but, this reeks to high hell. All of these young accounts on reddit just pumping this shit and using GME rhetoric. C'mon now.
Weirder shit has happened though so who knows.