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Max Sound (OTCBB:MAXD) has announced that it has signed an agreement securing $2 million in financing. As quoted in the press release: MAXD has already allocated a portion of the funding to consolidate and pay down certain outstanding convertible debt notes, with the goal of reducing pressure on its stock, and giving the market some …
Max Sound (OTCBB:MAXD) has announced that it has signed an agreement securing $2 million in financing.
As quoted in the press release:
MAXD has already allocated a portion of the funding to consolidate and pay down certain outstanding convertible debt notes, with the goal of reducing pressure on its stock, and giving the market some breathing room.
“We are pleased with this new financing, as it sends a message to the market that MAXD is fiscally strong and ready for an acceleration as we move forward with our global litigation strategy and closer to signing licensing deals. We believe that consolidating debt with a friendly, long-term, strategic financing partner will be beneficial to the Company, its Shareholders and Investors,” said John Blaisure — CEO, Max Sound Corp.