{"id":7615,"date":"2015-11-27T15:02:09","date_gmt":"2015-11-27T15:02:09","guid":{"rendered":"\/?p=7615"},"modified":"2015-11-27T15:14:40","modified_gmt":"2015-11-27T15:14:40","slug":"max-sound-corp-otcbbmaxd-slips-hard-on-court-order","status":"publish","type":"post","link":"\/articles\/max-sound-corp-otcbbmaxd-slips-hard-on-court-order\/","title":{"rendered":"Max Sound Corp (OTCBB:MAXD) Slips Hard On Court Order"},"content":{"rendered":"\n

In yesterday’s session Max Sound Corp (OTCMKTS:MAXD<\/a>) slipped hard around noon, pushed over the edge by a press release. The company announced Google’s motion to dismiss MAXD<\/a>‘s complaint was granted by the court, based on the standing issue. By the closing bell MAXD<\/a> found itself nearly 23% in the red on its biggest daily volume for the past 52-weeks.<\/p>\n

The sell-off that took place yesterday is in a way understandable. MAXD<\/a> is not exactly doing a stellar job on the business side of things, with a disappointing quarterly that went up in mid-November, and the company’s biggest bet seem to be the patent infringement lawsuits that it is throwing about.<\/p>\n

The reason for the slip is that things are not going too well with MAXD<\/a>‘s lawsuit against Google and Youtube in the USA for patent infringement on technology patented by MAXD<\/a>. After Google filed a motion to dismiss MAXD<\/a>‘s complaint, with the allegation that the claims in it were invalid, only this Tuesday the court issued an order, granting Google’s request based “only on the standing issue”.<\/p>\n

MAXD<\/a> is, naturally, going to appeal the court’s decision, but given the pace at which this sort of issue is usually resolved, it will likely be a while before investors can get any closure on the matter.<\/p>\n

There is little to be excited about the company’s performance looking at its latest balance sheet. Here is the brief summary of MAXD<\/a>‘s balance sheet that was published on Nov 13:<\/p>\n