Inventergy Global, Inc. (fka INVT)

[Kongol626]

Anyone here try to do a lawsuit? I randomly looked up this company and I see lawyer websites

[jonmorris555]

Is there any way it can get relisted again and the stock be tradable?

[Kongol626]

They got revoked for failing to constantly file reports. I sometimes dream I can recoup something from invt but even if they win anything share holders ain't getting anything.

[jonmorris555]

So what now?

[Renee]

INVT SEC registration revoked:

https://www.sec.gov/litigation/opinions/2022/34-95556.pdf

[kickedoffagain]

Define "any time now".

[Avidfisher]

Should see a European settlement any time now.....

[Avidfisher]

We're still here

[Avidfisher]

She's flattening, break out the fibulator.

[kickedoffagain]

LOL

[Avidfisher]

Using rain-X

[kickedoffagain]

I see no fog on the mirror.

[Avidfisher]

She still has a heartbeat

[kickedoffagain]

Wed. 3/30 - 300K plus vol.

[Avidfisher]

Long and holding INVT

[Renee]

WOW.....how could I possibly be "biased" when I only post absolute facts that 100% of all SEC Registered companies that are delinquent in filing Financials have their SEC registrations revoked?

Not 99%.....not companies that settled lawsuits.....not any other reason. The SEC Admin. Law Judges could be called "biased" when they expect SEC registered companies to file Financials. It is not an option to file Financials.....it is MANDATORY.

Inventergy Global Inc. could have spent 5 measly minutes to file a FORM 15 to deregister from the SEC, where the company could have avoided an ADMIN. Proceeding that will revoke their SEC Registration and the ticker will no longer exist. FIVE MINUTES to deregister and the company didn't even do that.

I provided a courtesy to answer your questions but it seems easier to call me "biased" than to get mad at the company for NOT filing mandatory Financials.

This will be my last post on the matter.

The next post I make on this board will be when the SEC Admin. Law Judge revokes Inventergy Global Inc.'s stock registration.

[Avidfisher]

All of them didn't settle lawsuits either, probably not one of them. Not sure why you're so painfully obviously so biased.

[Renee]

Simply, the company has not (yet) responded to the Admin. Proceeding. If the company does respond readers can check these two links:

https://www.sec.gov/litigation/apdocuments/ap-3-20731.xml

General link: (scroll down to near the bottom for Inventergy.

https://www.sec.gov/litigation/apdocuments/ap-open-fileno-asc.xml

[jackieadams75]

Why wouldn’t we see the response to the administrative proceeding from INVT?

[Renee]

The Admin. Law Judge (ALJ) has not yet revoked Inventergy Global Inc.'s SEC registration, but be assured the ALJ will revoke the company's SEC registration. In the meantime the stock can trade.

If readers check the Suspensions and Revocations board click on any revoked registration post then link back to the SEC Admin. Proceeding to see that there is no specific timeframe for the ALJ to revoke a company's SEC registration. Also note that EVERY stock that received an Admin. Proceeding for severely delinquent Financials had their SEC registrations revoked....all of them.

READ ONLY:

https://investorshub.advfn.com/Sec-Suspensions-Amp-Revocations-25334

[jackieadams75]

Renee,

It is well past the timing detailed in the administrative proceeding document. There is also no new information on the SEC website about that document and also no new SEC filings. The symbol has not been revoked. We had new trades reported as late as this Friday. Can you speculate as to why none of the things you predicted have happened?

[Avidfisher]

You know as much as I do

[Avidfisher]

You're solid claim would appear to be investors advice.....

[trader59]

They didn't file anything. The stock is getting revoked.

[TennisStar]

I don’t understand, did the file their delinquent financials with the SEC? This would be fantastic if they did. I don’t see anything though. Please provide the link. Thanks.

[Avidfisher]

It's the symbol they put in there so show earnings report.

[TennisStar]

What does an “E” mean? Thank you.

[Avidfisher]

Finviz showing an E too

[Avidfisher]

Interestingly enough, and circumstantial indeed , Tradersview for the first time since 2017 has a big fat "E" for INVT for March 2022, that's for ending Dec 2021, hmmmmm.

[Avidfisher]

That makes perfect sense and aligns perfectly with kanning and Robins owning millions of shares.

[TennisStar]

I’ve never suggested there’s a settlement coming to shareholders either prior to the SEC revocation process or after. In fact I said I tend to agree with you and Renee. I’ve even gone as far and said those touting the large settlement thesis are misguided. I own a lot of INVT shares and I’ve accepted that I’ll likely be taking a large loss on my investment. What I did say to you was do better research on the patent litigation because it is not as cut and dry as you make it out to be. IMO

[trader59]

Please…

This dead company whose stock registration is getting revoked by the SEC isn’t getting a settlement from Apple that is going to make the stock more valuable before it gets revoked. That is the hokiest fairy tale I think I’ve seen on the OTC.

[Avidfisher]

David Robins

[Avidfisher]

Kanning nor Joe throw their money away. There's another very large investor too. Can't remember his name right off hand but he's got a sizable position comparable to kannings.

[TennisStar]

With all due respect. Without a deep dive into the specifics, it wasn’t a simple plaintiff vs defendant civil case. There were many other components, counter-suits, what you are referring to was Apple pulling their anti-trust suit against Fortress. There were other cases where Apple was the defendant.

trader59 I’ve come to value your knowledgeable opinions but you need to do a better job understanding the case specifics.

[trader59]

Apple was the plaintiff, the one suing… they aren’t going to give money in any sort of settlement to a company they were suing.

[TennisStar]

I agree Avid. What gives me the most hope is why would Kevin Kanning buy so many shares and was actively buying until recently, if INVT shareholders weren’t going to see some type of settlement monies. Kanning is partnered with Beyers at Silicon Turbine so is it reasonable to assume Kanning thinks he knows something? I have no idea but sure gives me hope in what is an otherwise challenging situation.

[Avidfisher]

Well this is speculation mixed with a little public information that I've gained over the last few years from this. Due to the manner in which invenergy MIGHT have got a settlement it would have been a double or triple award value. It's my opinion that any award they would have got or could have got would cover debt and lost revenue . I'm pretty sure they want to keep this alive so really all we can do is wait and see. It's too big of a tangled web spread out over several years to try and figure out it's a crapshoot really. There's only one thing I'm pretty sure of, Fortress Got Paid in Full. All IMHO

[TennisStar]

Thank you Avidfisher. If there was indeed a settlement the question then becomes will there be enough to trickle down to Inventergy Global. More importantly will it trickle down to shareholders and if Inventergy doesn’t survive the SEC administrative law judge as a publicly traded company, who will ensure the “private shareholders” get their payout? Based on previous financials and the recent TCA receivership, it appears Inventergy owes tens of millions in debt. So again the question becomes will a settle ever reach INVT shareholders. I have no idea but would love to hear further dialogue on this. Thanks

[Avidfisher]

https://appleinsider.com/articles/21/06/29/apple-withdraws-from-antitrust-lawsuit-against-fortress-investment-group/amp/

According to Florian Mueller at Foss Patents, the decision to withdraw could suggest that a settlement was reached at some point

[TennisStar]

Thank you trader59. I appreciate your and Renee’s input and taking the time to discuss. It’s good to have varying opinions. Please let us know what you can find.

[trader59]

No, I'm unaware of any case, and I should have been more precise in my response. Sorry. Securities fraud claims must be filed within 2 years after the harm was or should have been discovered. so seeing as how they've been delinquent for over 4 years, I would expect that no action could be taken. It isn't OK, of course, but shareholders have to assert their rights to updated performance information way sooner than 4 year. Hope that clears it up.

He may not have expected the revocation, the game has changed a bit and I expect the recent flurry of activity by the SEC might have caught some off guard. I'd have to dig further into the filings for this company to fully understand what they've been up to and will sometime soon. Seem to have time since the stock is essentially dead right now.

[TennisStar]

The lawsuit the supposed settlement a few regular posters keep referring to. Some big settlement. I’ve never found those claims credible but it’s nice to hope.

Again do you know of a similar revocation situation where shareholders took action against the company? I’m not looking for a lecture on failed shareholders rights, just a similar case you came point use towards.

One last question. Kevin Kanning is the CEO at a company called Silicon Turbine. Silicon Turbine’s cofounder and chairman is also the CEO and cofounder of Inventergy. Kevin Kanning has been buying a ton of INVT shares. Per Kanning’s last 13D filed on 12/1/21, he now owns 29.7 % of INVT shares. Why would someone who clearly knows and works with the CEO of INVT, keep buying so many shares if he thought INVT was going to be revoked by the SEC?

Could the plan all along by Inventergy to have gone private and they are just letting the SEC do it for them through the administrative process?

[trader59]

This is a stinky pink company that hasn't published real information to its shareholders in years, thus the revocation proceedings for begin severely delinquent. I'm not sure which lawsuit you're expecting a settlement from, the one that I saw was Apple suing several entities including one associated with this one, some special purpose LLC set up to hold the IP. Apple was the plaintiff, but they were withdrawing, and given that they were the plaintiff they wouldn't pay the defendant a settlement, it would be the other way around, but I doubt if there is any $ changing hands.

Anyhow, seeing as how the company is so delinquent in communications, I'd say odds are they wouldn't pay shareholders anything if there were leftovers after addressing whatever liabilities they have.

Capital losses can be taken by notifying your broker and letting them tell you how they handle a dead stock. They'll require proof, but it should be self-evident once the stock is revoked.

And, I gotta tell you, this company has been so delinquent since an 8K in 2018, the time for shareholders to hold the board responsible passed some time ago.

[TennisStar]

trader59 and Renee I appreciate your information and bringing what I believe to be an honest and informed dialogue. I have a few follow up questions based on trader59 statement:

“After revocation, even that trading will cease and the shareholders will hold stock in essentially a private company that they will be unable to liquidate.”

Based on the SEC information that Renee provided, it appears the class of shares we hold will be revoked. If the shares are revoked and we then hold as you put it stock in a private company, what happens if there is a settlement from the Apple litigation if there is enough for shareholders? Could the company keep the money and not inform shareholders?

If the shares are revoked and can’t be traded, how can we sell them to take our capital loss if the shares are now private?

Do you know of a any companies that faced similar revocation and situation, where shareholders held the companies executives and members of the board responsible for not performing their fiduciary duties? If so could you provide information.

Not accusing anyone of wrong doing. Just trying to completely understand the path forward in totality. IMO