The publicly traded company that is now known as Endexx Corp (OTCMKTS:EDXC) is called PenaMed Corp. and it would appear that some people are not too happy with them. There was a complaint filed with the SEC according to which PanaMed’s officers have issued some misleading press releases that made quite a lot of people invest in the company’s stock. Then, the next annual report was never filed which enraged the investors and made them lose money. The documents show that the allegations turned out to be founded (at least that’s what the court thinks) in the end and PanaMed were forced to pay some civil penalties.
But let’s not get too carried away with the history lessons. That was quite a while ago, PanaMed is no more and the only thing connecting it with the current Endexx is the fact that the two company’s offices are located in the same quiet town of Cave Creek, Arizona. SEC filings from years gone by show that PanaMed actually featured a real address on their documents, while Endexx prefer to go by anonymous P. O. boxes, but we already talked about that in our previous article.
We also mentioned that we were rather confused by their newest and, supposedly, very exciting project – the m3Hub. We gathered from the press releases that it’s supposed to have something to do with the medical marijuana industry, but after spending quite a lot of time clicking all the links on the website, we could fathom nothing.
Luckily, a website called Small Cap Voice (SCV) were on hand to help us. On May 9 they issued a press release in which they said that they have made an interview with EDXC‘s CEO, Mr. Todd Davis. We wondered for a little why would SCV choose EDXC of all the companies out there, and a few clicks on their website revealed the answer – they have been paid to do so.
