Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I talked to Steve in IR personally and asked this very question. He needed to get with Alan to make sure the info he was giving me was correct, and yes they did start and fund those other 3 trials when they were originally pr'd. I know what the Sep 26th update says and yes the language is poor and confusing but he did definitely confirm with me that they started when they said they did back in May & June.
So from March 23rd when our new patent was filed and most likely our device was updated and settled upon, until Sep 26th when they basically told us interim results were positive, was right around 6 months. We have 2 trials that started on May 4 & 11 and 1 on June 1. We are basically at the 6 month mark so we could get interim results anytime now. Also, financing will be huge going into next year and hopefully we can get something beneficial. Should be an exciting last 2 months of the year!
Very bullish here if we can maintain .05's for the next run upwards. Steadily building higher lows is a good thing long-term, and hopefully this will push much higher on the next run.
I agree but you have to remember there is simply not enough interest yet, even when we announced those pre-clinical results, the vol should have been way more. We're headed in the right direction eventually, and if we can build another base here, it will set things up for the next run. So it's really a combination of things, lack of coverage, dilution, and flippers keeping this at bay for now.
The 50 & 200 dma have almost converged right @ .04. That will be key to hold and bounce off that if it moves below .05
This consolidation and maintaining of sp will be very healthy going forward and getting to the next level. Such a HUGE move from low. 02's to .125, even with seemingly great news from the trial, to maintain those high levels achieved that day. Remember, there is very little coverage of this stock, and I even talked to Steve about this. Also, it's still very early in the game as far as major investors are concerned. So yes people will sell for profits when it comes to a stock like ENDV. Time will tell but we have lots of fires in the oven and I look forward to the next 3-6 months as the landscape could be very different.
Problem is the lack of bid support/buyers, which makes it super easy to drop. Unfortunately the news on Friday hasn't created much enthusiasm/support to warrant a higher share price, hence why it went up to .125 and had sold off since.
Need to see where we'll find the new area of support from here. May take a few days or a week to sort itself out. Hopefully no lower than .06's. Unless news hits than of course things would change.
According to ENDV website, market cap is $22.66 mil and O/S is 260 mil. Not sure how accurate the info on the website is, but someone on here has been updating us and I think the last time was over 270 mil I believe. Either O/S have dropped or the info is incorrect.
Yes, this is very important to remember and I talked to Steve about this also. They are now happy with the device and the patent they filed I believe in March with the superior signal which should definitely make the other 3 trials go more smoothly and a more regular timeline, like 3-6 months. Hopefully we have exited the .02's for good and are building a stronger base which will eventually lead to higher share price in the near future. Lots of potential over the next 2 quarters.
Lol....Either way we can all agree we are closer than we have ever been to actual trial data. In relative terms, since this trial started last year and most were expecting results around 3-6 months later, we are very near.
Yeah it's hard to nail down a date but Collier said a few weeks, which I would interpret to be around 3 weeks time. And since his update in late June where he specifically said they wouldn't be giving anymore timelines, I think he feels pretty confident about this give or take a week or so. Biggest question was the trial itself, and now that's complete it's a matter of compiling the data. But ultimately your right in a sense nobody knows for sure.
A nice long green candle by the end of the day would set us up beautifully for the next leg up!
You can go to www.stress.org/bodyelectric and watch it for like $4.99.
Just curious but has anyone seen the new documentary Body Electric: Electroceuticals and the Future of Medicine? It was by a British filmmaker named Justin Smith. It's all about how electroceuticals in the future will be the basis in medicine, and not pharmaceuticals.
Yep I pretty much agree with all points that have been made. That last run-up to .13 definitely felt/was a pump without any news or definitive catalyst. This has been different, much more controlled and now we have definite confirmation that we will be getting the data results from the heart trial very soon. Before it was mere speculation and hopes based on when they started the trial and trying to guess approximately when results would be out. Another thing to remember is the new patent we filed and now they are comfortable also with the new device going forward. It might still be a little while, but we have 3 other trials that are ongoing as we speak, which all could be potential catalysts.
Shares should become tighter and tighter as people are accumulating and holding til at least the data comes out. Sure there will always be some flipping/daytraders, but I suspect there will be less and less of that as we move forward. Exciting times as momentum continues to build for ENDV!
I'm hoping we don't see results until sometime next week. Has more room to run in anticipation/build-up.
I agree. Positive results from the upcoming data in the heart trial is a HUGE/MAJOR milestone for this company that will put ENDV on the radar.
Strong vol right out of the gate with over 1mil already
I'm also wondering when some of those big boys that got in around .01-.02, and drove the price up to .13, will get back in or maybe they have already started to. Either way should be a fun couple of weeks!
Yep exactly. And imagine if they just would have come out with trial results when we were in the .02's. Would not have been nearly as good as we are sitting now with ample time to run-up.
Yes, if Collier after the June update is giving a timeframe on when the actual data from the trial is coming out, I would expect them to be right on or very close, give or take a week max. In fact, he may have even padded it as to not miss the deadline based on past experiences with trials. He gave this estimation I believe based on what the research center relayed to him when they would be available.
Perfectly played by ENDV to tip their hand, basically saying results will be positive, but give about 3-4 weeks to let this run-up before actually data from the trial is PR'd.
Yeah I agree. Don't think we'll see .04's but u never know. Still some time before results hit. I would like to be around .08-.10 when that happens.
So true. This has been a massive move since the low .02's, so flippers, daytraders, or people looking to cash in were bound to sell and take some profit. But for true longs, a huge milestone and major catalyst seems to be only a couple weeks away now.
No problem. I've spoken to Steve several times over the past year, and obviously he's been tight lipped other than what is known publicly, but he seems to be a genuine stand up guy imo. He was busy with it being the end of 3Q, and was apologetic for not getting back to me sooner. Hopefully the data will be good enough and the FDA will allow them to start clinical trials.
Just talked to Steve @ IR, and yes they have started and funded all 3 other trials. So they have done everything on there end, as far as fees being paid etc etc. They will not be getting any update during the trial, only when finished. So news will come as each one gets finished and reported back to ENDV.
That's pretty much exactly what Steve conveyed to me, that they wanted to see if it worked in the heart trial before spending more money funding another 3 trials.
Actually I did follow-up but never got a call back from Steve on the issue. I may try and give him another call today. I will let you know if I hear anything.
Beautifully played, whether on purpose or not, to have a PR basically saying that the heart trial was a success, without giving actual data, which will come in a few weeks. This gives ample time for the run up!
Couldn't be setup any better imo heading into next week. Buying will only get stronger as we grow closer to actual trial results. Extremely bullish to close above the 200 dma basically all week long. Hasn't happened in a long time.
I agree. Couldn't be a better set up going into the next couple of weeks.
That's understandable, but I guess you can look at it the other way and know we have positive data from the heart trial, with data being produced in 3 weeks or less. It does set the data back from these other trials til end of 4Q or beginning of 1Q in all probability. I know Steve said he hates when they PR something if the money hasn't hit and been paid for, like with these trials. Because then he's the one stuck answering these types of questions.
Just got off the phone with Steve @ IR, and I asked him about the other 3 trials that were supposed to commence from May 4 to June 1, versus what was said in the most recent PR which states they are starting basically now. He hesitated slightly and wanted to make sure the info he was giving me was correct, but said it was his understanding that they were waiting on positive heart results before commencing the other 3 trials. So basically they were being put on hold sorta speak until the data from the heart trial. Why spend more money on those 3 trials if the first one was a failure were his words. He did want to confirm this with Dr. Collier, and told me to follow up with him tomorrow to make sure. All and all definitely sounds positive.
Yep exactly. Go on any penny stock boards and they are all full of people living on hopes and dreams, while they are down 90% or more. The further the price deteriorates, the more bolden they become in thinking they will be rich someday. Hard but necessary lesson that most people I guess need to go through with these types of penny stocks.
Hey Madg, I think frustration is setting in for a lot these people still holding AMDA. The lure of being bought out/merge is what has been keeping people to hold this garbage, even in the face of what's to come. Not my money, but I just try and understand the psychology behind some of these people who are investing/invested right now.
.04's should hold up and as we get closer to results we should see a lot more buying pressure. We were definitely getting sold off and into .03's for sure without this latest PR. Should get interesting in another week or 2.
I'm not worried either. Somebody desperately wants this lower. With a 3 week timetable, this will get a nice run-up at some pt with flippers/day traders looking to get in anticipating results.
Look at that bid drop to .0355