Explains Illegal Naked Shorting Being
Perpetrated By Major Market Makers on MAXD
Shares
8,117,878,650 shares shorted in the past year,
which is more than 40% of MAXD’s total trading volume
San Diego, CA -- June 14, 2018 -- InvestorsHub NewsWire -- MAXD
(OTC
PK:MAXD) / Max Sound
Corporation. Max Sound Corporation has engaged a leading
provider of Regulation SHO compliance monitoring, short sale
trading statistics and market integrity surveillance related to
substantial short selling of its stock. Regulation SHO requires
bona-fide market-making activities to include making purchases and
sales in roughly comparable amounts. The Securities and Exchange
Commission has stated that bona-fide market-making DOES NOT include
activity that is related to speculative selling strategies for
investment purposes of the broker-dealer and is disproportionate to
the usual market making patterns or practices of the broker-dealer
in that security. Likewise, where a market maker posts continually
at or near the best offer, but does not also post at or near the
best bid, the market maker's activities do not qualify as bona-fide
market making. Moreover, a market maker that continually executes
short sales away from its posted quotes is not considered to be
engaged in bona-fide market making.
MAXD market makers have been monitored daily for compliance with
Reg SHO and Fair Market-Making Requirements. Here is a
trading analysis of MAXD. BuyVol = real buyers at
offer. SellVol = real sellers at bid. ShortVolume =
short sale trade identifiers for both EXEMPT (market makers) and
NON-EXEMPT (everyone else) shorts sales. The short selling as a
percentage of daily trading volume in MAXD by your firm is
abnormally high; the market-making math related thereto does not
reconcile and is not at all compliant with Federal Securities
Laws.
As is common during these orchestrated short selling campaigns, bad
actors with no real interest in MAXD’s success, or any small public
company for that matter, has consistently engaged in false
accusations and libel on the Company’s stock chat boards in
attempts to scare and demoralize MAXD’s legitimate shareholders. It
is noteworthy that as soon as Max Sound sent this report to the
market makers perpetrating the naked short sales on the company,
the bad actors disappeared at least for the time
being.
Here is a primer on the subject at hand http://counterfeitingstock.com/CounterfeitingStock.html and
here is a powerful article put into actual practice https://theintercept.com/series/penny-stock-chronicles/
ANALYSIS and ACTION
We have analyzed the last year of daily short volume data and
correlated it to recent market making activity in MAXD. In 27
of the past 31 trading days, 87% of the time, the combined selling
and short selling in MAXD has far exceeded the amount of buying
(See NetNet column below). Market makers, by definition, are
required to PROVIDE LIQUIDITY not extract or remove liquidity. The
math provided below demonstrates that instead of matching orders,
market makers, Knight/Virtu, Cantor Fitzgerald, Canaccord Genuity,
Citadel, eTrade/G1 are heavily shorting MAXD stock BOTH on the
offer and on the bid, which by definition means they have a
“speculative short selling strategy” running on MAXD. They are
carrying net short positions overnight and continuing to claim the
market maker’s exemption, which is in VIOLATION of the Fair Market
Making Requirements of Regulation SHO. We are able to
mathematically prove this because there is not enough BuyVol (buy
volume) to match the amount of selling and short selling. The chart
below identifies the top 5 market makers, in MAXD for May 2018
(highlighted below) accounting for 2,257,870,595 shares of trading,
or 88.22% of total trading volume in May.
Total Volume Name
(Last Month)
643,662,180 Knight/Virtu,
154,447,100 Cantor Fitzgerald,
203,762,081 Canaccord Genuity,
769,731,954 Citadel,
247,276,817 Trade/G1
Highlighting these Market Makers abusive activities in-concert with
each other for just the one month of May, allows regulators, the
SEC, FINRA, the U.S. Attorney as well as the media to easily
identify the manipulative trading activity and counterfeiting of
MAXD shares engaged in by their traders for the past year and well
beyond. When overlaid for the entire year (back to June 1, 2017)
the math is shocking. 8,117,878,650 total shares have been shorted
representing in excess of 40% of MAXD’s total trading volume and it
demonstrates that these market makers have knowingly participated
in manipulative trading practices and counterfeiting of MAXD
shares.
We provide the following data in this report:
DAILY TOTAL SHARES SHORTED (volume and price), which includes all
shares shorted even by exempt institutions such as market
makers.
FAILURES TO DELIVER (naked shorts).
MARKET MAKER SHARE VOLUME (exposing exactly how many shares are
being traded and the name of the market making firm traded
through).
MARKET MAKER DATA (showing whether or not a fair market is being
made in each trading day).
CUMULATIVE TOTAL SHARES SHORTED data showing large short positions
and the volume weighted average price that a short squeeze will
start.
| Date |
ShortVolume |
Total Volume |
Percent |
Squeeze Trigger |
$Value |
| 6/8/2018 |
15,701,300 |
107,574,934 |
14.60 |
% |
$ |
0.0004 |
$ |
6,281 |
| 6/7/2018 |
53,355,529 |
165,271,184 |
32.28 |
% |
$ |
0.0004 |
$ |
21,342 |
| 6/6/2018 |
648,355,630 |
1,238,570,544 |
52.35 |
% |
$ |
0.0005 |
$ |
324,178 |
| 6/5/2018 |
65,351,875 |
96,413,875 |
67.78 |
% |
$ |
0.0004 |
$ |
26,141 |
| 6/4/2018 |
46,779,267 |
107,384,333 |
43.56 |
% |
$ |
0.0004 |
$ |
18,712 |
| 6/1/2018 |
289,758,138 |
362,031,358 |
80.04 |
% |
$ |
0.0003 |
$ |
86,927 |
| 5/31/2018 |
4,949,999 |
112,476,935 |
4.40 |
% |
$ |
0.0003 |
$ |
1,485 |
| 5/30/2018 |
116,156,059 |
380,530,660 |
30.52 |
% |
$ |
0.0003 |
$ |
34,847 |
| 5/29/2018 |
19,961,309 |
54,883,438 |
36.37 |
% |
$ |
0.0002 |
$ |
3,992 |
| 5/25/2018 |
1,514,244 |
33,174,777 |
4.56 |
% |
$ |
0.0003 |
$ |
454 |
| 5/24/2018 |
8,870,000 |
40,350,000 |
21.98 |
% |
$ |
0.0003 |
$ |
2,661 |
| 5/23/2018 |
64,000,850 |
112,982,073 |
56.65 |
% |
$ |
0.0003 |
$ |
19,200 |
| 5/22/2018 |
4,093,333 |
7,003,931 |
58.44 |
% |
$ |
0.0003 |
$ |
1,228 |
| 5/21/2018 |
3,230,900 |
19,691,678 |
16.41 |
% |
$ |
0.0003 |
$ |
969 |
| 5/18/2018 |
83,819,569 |
207,235,030 |
40.45 |
% |
$ |
0.0003 |
$ |
25,146 |
| 5/17/2018 |
117,944,438 |
261,529,492 |
45.10 |
% |
$ |
0.0003 |
$ |
35,383 |
| 5/16/2018 |
31,857,477 |
82,434,227 |
38.65 |
% |
$ |
0.0003 |
$ |
9,557 |
| 5/15/2018 |
17,602,398 |
40,532,801 |
43.43 |
% |
$ |
0.0003 |
$ |
5,281 |
| 5/14/2018 |
59,639,388 |
160,659,434 |
37.12 |
% |
$ |
0.0003 |
$ |
17,892 |
| 5/11/2018 |
4,345,525 |
45,242,353 |
9.60 |
% |
$ |
0.0003 |
$ |
1,304 |
| 5/10/2018 |
9,486,439 |
12,293,638 |
77.17 |
% |
$ |
0.0003 |
$ |
2,846 |
| 5/9/2018 |
73,012,030 |
209,322,909 |
34.88 |
% |
$ |
0.0003 |
$ |
21,904 |
| 5/8/2018 |
117,699,386 |
183,193,959 |
64.25 |
% |
$ |
0.0003 |
$ |
35,310 |
| 5/7/2018 |
13,376,500 |
31,810,960 |
42.05 |
% |
$ |
0.0003 |
$ |
4,013 |
| 5/4/2018 |
23,450,725 |
52,153,194 |
44.97 |
% |
$ |
0.0003 |
$ |
7,035 |
| 5/3/2018 |
17,529,266 |
27,504,964 |
63.73 |
% |
$ |
0.0003 |
$ |
5,259 |
| 5/2/2018 |
18,156,576 |
54,003,987 |
33.62 |
% |
$ |
0.0003 |
$ |
5,447 |
| 5/1/2018 |
145,586,693 |
428,196,155 |
34.00 |
% |
$ |
0.0003 |
$ |
43,676 |
| 4/30/2018 |
25,360,367 |
74,589,316 |
34.00 |
% |
$ |
0.0003 |
$ |
7,608 |
| 4/27/2018 |
68,975,488 |
202,869,083 |
34.00 |
% |
$ |
0.0004 |
$ |
27,590 |
| 4/26/2018 |
30,661,676 |
90,181,401 |
34.00 |
% |
$ |
0.0004 |
$ |
12,265 |
| 4/25/2018 |
29,057,092 |
85,462,035 |
34.00 |
% |
$ |
0.0005 |
$ |
14,529 |
| Total |
8,117,878,650 |
19,886,222,304 |
40.82 |
% |
$ |
0.0008 |
$ |
6,178,916 |
| *Total includes data back to 6-1-17. Chart
truncated for viewing. |
|
The below data is used to calculate if a fair market is being made
in the shares of MAXD.
| Date |
Change |
BuyVol |
SellVol |
NetVol |
| 6/8/2018 |
$ |
0.0000 |
17,239,100 |
90,335,834 |
-73,096,734 |
| 6/7/2018 |
-$ |
0.0001 |
34,585,376 |
130,685,709 |
-96,100,333 |
| 6/6/2018 |
$ |
0.0001 |
718,621,354 |
520,049,090 |
198,572,264 |
| 6/5/2018 |
$ |
0.0000 |
19,290,250 |
77,123,600 |
-57,833,350 |
| 6/4/2018 |
$ |
0.0000 |
9,789,292 |
97,595,041 |
-87,805,749 |
| 6/1/2018 |
$ |
0.0001 |
346,326,535 |
15,704,771 |
330,621,764 |
| 5/31/2018 |
$ |
0.0000 |
6,762,532 |
105,714,403 |
-98,951,871 |
| 5/30/2018 |
$ |
0.0000 |
496,000 |
304,034,660 |
-303,538,660 |
| 5/29/2018 |
-$ |
0.0001 |
21,441,309 |
33,442,129 |
-12,000,820 |
| 5/25/2018 |
$ |
0.0000 |
6,960,433 |
26,214,344 |
-19,253,911 |
| 5/24/2018 |
$ |
0.0000 |
16,320,000 |
14,030,000 |
2,290,000 |
| 5/23/2018 |
$ |
0.0000 |
52,786,898 |
60,195,110 |
-7,408,212 |
| 5/22/2018 |
$ |
0.0000 |
6,153,265 |
850,666 |
5,302,599 |
| 5/21/2018 |
-$ |
0.0002 |
6,545,966 |
13,145,712 |
-6,599,746 |
| 5/17/2018 |
$ |
0.0001 |
191,564,349 |
54,965,143 |
136,599,206 |
| 5/16/2018 |
$ |
0.0000 |
32,444,345 |
49,989,882 |
-17,545,537 |
| 5/15/2018 |
$ |
0.0000 |
18,047,797 |
22,485,000 |
-4,437,203 |
| 5/14/2018 |
$ |
0.0000 |
61,868,765 |
98,790,669 |
-36,921,904 |
| 5/11/2018 |
$ |
0.0000 |
9,802,358 |
35,439,995 |
-25,637,637 |
| 5/10/2018 |
$ |
0.0000 |
7,024,956 |
5,268,682 |
1,756,274 |
| 5/9/2018 |
-$ |
0.0001 |
91,600,582 |
92,722,293 |
-1,121,711 |
| 5/8/2018 |
$ |
0.0001 |
141,953,079 |
20,916,000 |
121,037,079 |
| 5/7/2018 |
$ |
0.0000 |
15,236,500 |
16,574,460 |
-1,337,960 |
| 5/4/2018 |
$ |
0.0000 |
32,000,946 |
20,152,248 |
11,848,698 |
| 5/3/2018 |
$ |
0.0000 |
19,550,266 |
4,000,698 |
15,549,568 |
| 5/2/2018 |
$ |
0.0000 |
23,776,487 |
30,227,500 |
-6,451,013 |
| 5/1/2018 |
$ |
0.0000 |
92,767,740 |
279,428,348 |
-186,660,608 |
| 4/30/2018 |
$ |
0.0000 |
19,343,405 |
55,245,911 |
-35,902,506 |
| 4/27/2018 |
$ |
0.0000 |
39,658,700 |
125,210,383 |
-85,551,683 |
| 4/26/2018 |
-$ |
0.0001 |
20,298,214 |
69,883,185 |
-49,584,971 |
| 4/25/2018 |
$ |
0.0000 |
10,472,153 |
74,989,882 |
-64,517,729 |
| 4/24/2018 |
$ |
0.0000 |
27,222,242 |
102,120,578 |
-74,898,336 |
| 4/23/2018 |
$ |
0.0000 |
189,184,851 |
309,886,738 |
-120,701,887 |
| 4/20/2018 |
$ |
0.0001 |
532,198,608 |
308,760,532 |
223,438,076 |
| 4/19/2018 |
-$ |
0.0001 |
55,461,550 |
187,511,107 |
-132,049,557 |
MAXD is making this report available to the investment world to
create a substantial short squeeze opportunity with the goal to
return to its shareholders the massive amount of equity stolen by
unscrupulous market makers.
About Max Sound
Corporation: As creators of the
acclaimed MAXD HD Audio, Max Sound can provide a better solution
for Audio, Video and Data transmissions. Max Sound Corporation is
an owner of the Optimized Data Transmission Technology patent
portfolio. Max Sound®, MAXD® and MAXD Audio Perfected® and HD
Audio® are registered trademarks. All other trademarks are the
property of their respective owners.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES
LITIGATION REFORM ACT OF 1995: Statements in this
press release which are not purely historical, including statements
regarding Max Sound's intentions, beliefs, expectations,
representations, projections, plans or strategies regarding the
future are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. The
forward-looking statements involve risks and uncertainties
including, but not limited to, the risks associated with the effect
of changing economic conditions, trends in the products markets,
variations in the company's cash flow or adequacy of capital
resources, market acceptance risks, technical development risks and
other risk factors. The company cautions investors not to place
undue reliance on the forward-looking statements contained in this
press release. Max Sound disclaims any obligation and does not
undertake to update or revise any forward-looking statements in
this press release. Expanded and historical information is made
available to the public by Max Sound Corporation and its Affiliates
on its website http://maxd.audio or at http://www.sec.gov.
info@maxsound.com
SOURCE Max Sound Corp.
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