{"id":7323,"date":"2015-10-29T15:02:06","date_gmt":"2015-10-29T15:02:06","guid":{"rendered":"\/?p=7323"},"modified":"2015-10-29T15:14:40","modified_gmt":"2015-10-29T15:14:40","slug":"max-sound-corp-otcbbmaxd-down-in-double-digits-again","status":"publish","type":"post","link":"\/articles\/max-sound-corp-otcbbmaxd-down-in-double-digits-again\/","title":{"rendered":"Max Sound Corp (OTCBB:MAXD) Down in Double Digits Again"},"content":{"rendered":"\n

After another big red session Max Sound Corp (OTCMKTS:MAXD<\/a>) stopped at $0.028 per share yesterday. The price slipped some 16%, dropping in double digits again. Volume swelled back to over 7 million shares and was more than twice the monthly average.<\/p>\n

MAXD<\/a> became heavily overbought after dropping a loud and proud press release about its intentions to continue the “pursuit of justice” by paying court fees to have a final hearing in its lawsuit against Google and its subsidiaries. MAXD<\/a> claims infringing use of its patents, including use in one of YouTube’s important codecs.<\/p>\n

Traders were quick to jump on the excitement bandwagon, thrilled about the possibility of the German court ruling in MAXD<\/a>‘s favor. This in turn, should it happen, might lead to considerable settlement payment. This possibility was enough for traders to buy MAXD<\/a> up from its six-month lows in October and push it to nearly five cents per share.<\/p>\n

It seems there is an equal amount of people who would simply cash out their shares, given some breathing room on the chart, as the excursion to $0.045 was followed by three sessions of heavy selling. Given the figures MAXD<\/a> put up in its latest quarterly report, those selling can’t really be blamed for their decision. Here is the brief version of the balance sheet figures as of June 2015:<\/p>\n