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Looks like another 700k or so T Trade at .0201
I swear it's like deja vu the last time this stock dropped below. 02, with CSTI having the exact 1 mil+ bid. Wash rinse & repeat here. Dilute and pump the stock from .02 to .06. MM in full control and take this up and down as they please, as there are no real catalyst to move this yet in an upward direction and maintain gains.
Relentless dilution, deceptively thin ASK, just begging you to hit it so they can drop it down. RSI below 30 which usually signals will get a bounce higher soon but who knows.
Yeah I completely agree with your assessment about expecting us to buy up this onslaught of dilution, while being virtually kept in the dark for the past year. Alan only addressed shareholders in Jan because of a barrage of emails from them. He promised to keep us updated but all we get is pump articles from microcapspeculators.
Ugly right now as you have many diluting mm here and heavier dilution. Showing no real sign of any kind of support. Will be watching L2 to see when/if that support finally kicks in.
I saw that and I don't trust any of these guys in this arena, only go by their actions, or I guess you could say inactions. Rewarding themselves with free shares is pretty common, it all boils down to execution, which is hard to find in the OTC. So I agree with you that this has been a swing trade at best so far, and any pops without any material news will be met with a selloff. I have averaged down into the .03's myself, and should have definitely took some off the table when we hit .06 the last few times. Might add at around .02 depending on support.
By themselves your right this is probably not headed anywhere. But maybe they could sign a jv agreement, but that might be wishful thinking.
Why would Mann continue to buy, going back almost 2 yrs at this stage, knowing the only way forward for the foreseeable future is heavy dilution, with around $1 mil or so of his own money? Eagle can convert and make their money back even when the stock is going down, so they really don't get care so much about stock price. So his buys have very little to do with keeping up the sp, other than painting the ticker at close, which means nothing once the next trading day starts. I mean the guy had close to 18 million shares already. Can you think of another executive that has bought like this over this long period of time, in a penny stock?
I hear ya Biotech and I wasn't involved or invested back then in this technology. Like you said good tech but a lot more to prove with better data and bigger trials perhaps, and obviously with this management team will see if that can be achieved.
Market cap has has been pretty steady over the past year, anywhere from around 8 to 18 million. We'll see if that holds up though.
I have to agree with you Biotech, dilution has been heavy and will continue. Almost 4 million shares a week over the past month vs the 1.8 mil or so about a few months ago. It's really going to depend on if Magniant can really build up sales of Sofpulse. I think Ivivi Sofpulse had sales of around $1 mil in 6 months in 2008, but dropped dramatically when they lost Allergan in 2009. No reason they shouldn't be able to do at least that and much more, but only time will tell with these guys.
Andrew was hired over 6 months ago and not sure what he's done for the company/shareholders. Alan said he would communicate and keep investors informed, but the last business update was in Jan. Those microcapspeculator articles are a joke and have not done anything in my opinion.
We'll see where any sort of support kicks in, could be around .02 or so before that happens.
He's been buying consistently, at least 3x per week for the past 2 yrs, and buying small lots is exactly what you would do if you wanted to accumulate shares and were thinking long. Look at the chart over the past 2 yrs and tell me how well his buying has propped up the sp? It has zero effect and for the President of the company to use his own money in this manner for 2 straight years, just buying to keep the sp higher for the noteholder, to me is a ridiculous notion. What does he gain by doing this if it's strictly to prop up sp?
Yep, we haven't seen the mm resort to these in quite some time actually. I remember these were a daily occurrence which seemed like forever.
Sounds like some sort of arrangement was made, because he didn't specifically say they paid the $1.5 mil promissory note off. But we'll find out soon enough I guess.
There will be an announcement next week but they are not losing the rights to SofPulse. Now whether or not it has been paid off or some other sort of arrangement was made, that is unclear.
Endonovo is not losing the rights to SofPulse. We will be updated next week, per IR.
Looks like pretty heavy dilution over the last week or so, as those large bids have all been taken out pretty much. Price is still holding up well considering.
I don't know if that's the case but they did have over 600k cash on hand as of the latest quarterly report. I'm sure they will use that and other means to make the payment. Doesn't make any logical sense not to, since they have already paid $3 mil and they are basically putting all their eggs as of now into Sofpulse.
As far as Mann is concerned, he has been buying consistently as we all know over the past 2 yrs, at all different price levels. I first bought ENDV when it came down from its meteoric rise, at .08. Mann's buying has only a temporary effect in propping the share's up in my opinion. It's only a very small percentage each day that he is buying, but it definitely has added up over the past 2 yrs. No real reason for him to buy like this out of his own pocket, other than he believes long term for his stock.
They are either gone or being quiet, since we are in a downward channel again and no real news to speak of. I reached out to Andrew and they intend on making the $1.5 mil payment on time. That is really all he said.
Yeah without specifics other than it's intended use, it's very hard to say. Bottom line is can they generate enough sales to get noticed by a larger company to buy them out or sign a possible jv agreement. They have 2 distributors now and will see what happens in 2019. 3Q ER will be insignificant as likely will 4Q ER. Like Craig said I think 1Q ER will give us the best view on whether or not they are able to sell. Unfortunately that is over 6 months away to find out.
Well according to ENDV they say it does not require FDA approval. I contacted IR.
ORTHOHALO does not require FDA approval by the way
Well I agree with you that the picture is not so clear at the moment, however they do have adequate access to capital, and to lose those assets for $1.5 mil really doesn't make much sense at this pt. Second, if you go over the goals for 2018, they are not too far off from achieving most of them. Just curious, what made you go from super bullish to super bearish seemingly overnight? I'm not saying you don't have that right or your wrong, but from a co perspective I think that they are/were in better shape than they were when you were bullish.
Yeah very strange Craig, haven't seen both sides this thin for this long. Usually a large amount of shares on the bid or ask or both.
Yeah I hear ya Craig, board is dead and not much substance. I'm ok with it actually as long as continue the way we have been over the last month and a half.
Could be a possibility but I would think at this stage it would be premature.
Yep I agree. Will be interesting to see how this day plays out. Tremendous vol but not a lot of bid support and big spread right now between bid/ask.
For me everything has changed since late Aug. When we dipped back down after that initial run and fell back to the 50 dma, I thought for sure it would stay there or right below. But it bounced from there and went right back above the 200 dma and has stayed there ever since. Haven't seen this kind of support for this long with great volume.
This is crazy vol surge late!
Lmfao!! I just looked again at Level 2 and WOW. Do they want to keep this @ .06 or under for today at least
It's crazy because those PR'S are almost impossible to find. Don't show up anywhere on my TD Ameritrade or if you google Endonovo Therapeutics it doesn't pop up either. Not sure why it would surge based on these types of press releases. Nothing new is being reported here.
Man this board is completely dead. But when was the last time we have stayed above the 50 & 200 dma for this long??? If we maintain this week, it will be 6 weeks staying above. I know some people say charts don't mean anything here, but in my opinion that is forming a much stronger base as we continue to stay above those 2 moving avg.
OTCX was back but not too big of an influence yet in my opinion.
Nope never have. Just like WABR though who came in for that brief time and remains on the bid/ask at ridiculous prices.
No clue and would only be speculation as to why the vol has been so strong for over a month now. FDA Innovation Challenge participants will be announced in Nov. Other than that there is no known catalysts that I believe people are buying ENDV in this type of manner.
Yep of course there will definitely be profit takers and flippers here. But with such thin Bids and not the usual suspects in regards to mm so far, I think this is a bullish sign.
Man this ask stacking is relentless. Normally it would be a negative but the way things have gone we might chew through the next million shares in the .06's. None of the evil mm have made their presence here yet. Very surprised by that.
Yep and neither has ASCM. ENDV has been doing these paid articles for quite awhile now, mainly with zero success in increasing share price. But the key has been the sustained and increase in overall vol this past month or so. Haven't seen that in a very long time if ever, may have to go back to the .01 to .13 run.
Great vol out of the gate. 720k 5 minutes in. Let's see if she can push into the .06's!
Ok sounds good maybe Craig can private message your email since I don't have pm here.
Just my 2 cents here but I really think something is building here. This is the longest we have spent above the 50 & 200 dma in a long long time. I think this is about a month right now. Looks like consoladation here at the moment and we could be heading higher than .06 in the near future.
This is old news we have known about for awhile.