After the announcement of a key joint venture last week, the Max Sound Group (OTC: MAXD) stock has gone on a remarkable rally and emerged as one of the stocks that could be tracked by investors.
Over the course of the past week, the stock has soared by as high as 300%, and in light of such gains; it might be difficult for investors to overlook the Max Sound stock. Last week, the company announced that it went into a joint venture with TIP Solutions to bring together Max’s proprietary audio solution with TIP’s call management platform.
At the time of the announcement, it was announced that TIP is going to pay Max Sound an upfront fee that goes into six figures. However, that is not all. Max Sound also stands to earn in the seven figures by way of fees and royalties over the course of the next decade. It is a significant deal for Max Sound and the gains recorded by the stock are not particularly surprising.