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Sounds good except the part "ONPH providing the required financing."
I suspect that is why the news had no impact with ONPH SP. More dilution.
The REG A is now public. It has been filed under the 1-A form designation. I have read through it. I really don't see anywhere that show the positive earnings you refer to in your post.
Sales are steady declining to practically nothing. It clearly shows declining revenue from 2019 to 2020. If you look at their 2021 quarterly statements, you will see it continues to go down.
The CEO never meets any of his deadlines. As you can see from the October shareholder letter, it was stated the deal would close on Dec. 31, 2021. Now this Reg A comes out 1 1/2 months after the Dec. 31 deadline. He has no funds to purchase any company. He needs this Reg A to be successful to raise the funds to do it.
If you read the Reg A carefully it is full of disclaimer everywhere.
Gotta love this one:
Investors are cautioned, however, that expenditures may vary substantially from these uses. Investors will be relying on the judgment of our management, who will have broad discretion regarding the application of the proceeds of this offering. The amounts and timing of our actual expenditures will depend upon numerous factors, including the amount of cash generated by our operations, the amount of competition and other operational factors. We may find it necessary or advisable to use portions of the proceeds from this offering for other purposes
Also have to love this section:
The Company has been investigating several acquisitions in the construction industry. All of the proposed targets are profitable and generate cash flow. The Company has entered into a non-binding letter of intent with one acquisition target, but has not entered into any definitive binding agreements to acquire any target. Even if we are successful in acquiring a target, no assurance can be given that we would be able to operate such company profitably. Present management has no experience in operating a construction company and the construction industry has its own set of risks.
Is the Reg A in the name of Endonovo?
I cannot find any Reg A document released publicly.
The positive earnings you see must be related to the potentially acquired company, not to ENDV.
Speaking of which, in ENDV's October PR, it was stated "Both parties expect to execute a definitive purchase agreement later this month and close by December 31, 2021."
Do you know what is the latest status with that situation?
Hard to believe there was absolutely no reaction to that news. This has bottomed out. Should go up soon.
There is no way it goes that low. Even when it had less catalysts....it hit .05 briefly as the floor early last year.
Are you certain the real CEO of the watch company is running this shell?
Could it be possible that this shell was revived by an imposter just to make money off a pump?
This shell has been dead for so many years. It was once before had an attempt to be hijacked by some known scammers.
I had looked at the signed papers when the shell was being brought current and the signature seemed to be exactly the same on several docs...like a copy/paste of an image.
If the company would put out a true PR made by themselves and not a paid advertisement, yes, most definitely.
If company stays quiet, then this may just settle here for a while.
All the other bad market makers are gone.
This should reverse any time now.
Nice slaps before close. Would be nice to see some news Monday before market open.
And a nice Bid still out there.
Probably someone with inside knowledge getting a head start of some news.
.02? You will never get filled that low.
The dilution has taken a pause here. They might be waiting for the next news release to dilute into. Nothing is ever on time here.
There are more catalysts coming mid month. It will rise again.
Looks like the dumping might be finished.
Now the company has to come out with real updates.
What happened to the APP they supposedly released?
They need to report real sales of their CBD items. Not sure they have sold any yet. It is a saturated market. What makes them any different from the others?
They show 60k sales last financial report with NO cost of goods cold. Tells me whatever they sold was not anything from their inventory.
yesterday was 9.5M volume and the day before that was 14M volume.
Today surely would be the last day of any dumping if he has not yet liquidated all 20M shares. We can't assume all volume was only his in the past 2 days.
Have to wait and see when the bad Market Makers disappear.
VERT, ASCM, PUMA
No...of course i did not believe him. You can see my post history questioning and countering his pumps.
I do have a serious question for any true investor here. They supposedly released an app on the Google play store recently but I could not find it. Was it ever released? Read it from one of their PRs
What happened to the institutional investors that believed in this great investment with potential to $1?? LOL
Today was the dump. Look at that!
Incredible. It was obvious. Happened a little later than I had expected.
Call your brokerage and speak to a rep. They can liquidate the shares for you.
PUMA appearing on L2 is not good.
Dilution occurring. Hence why it continues to sink.
Before you invest, try to speak to the CEO. He always hides behind an IR person.
Ask whatever happened to this agreement and lofty sales projections.
https://fintel.io/doc/sec-ednv-endonovo-therapeutics-8k-2018-august-14-17955
That was before COVID so he cannot use that as an excuse. He creates a great story in the press releases and documents but never delivers the promises and then stays quiet about it. Won't ever say what happened.
I'm sure he cannot acquire that construction company without acquiring funds through the Reg A.
What happens if the Reg A does not get enough $ for the purpose of the acquisition? What happens to your investment? I have no experience with Reg A process and am curious about the process and risks.
Can you please tell me what happened to the CBD app they released? I don't see it on the Google Play store as PRd in November. I don't see one matching to this company.
Nothing to do with SKYI?
They released an article pumping it up for today's trading. Very relevant.
Why are large blocks of shares being sold during this promotion.
Why were large blocks bought last week quietly with no news?
Pump and dump!
This is the company that produced the news flash for the stock.
https://www.pennystocks2021.com/
I don't have direct link to the article.
My friend sent me a screen image and I cannot post here using the Ihub mobile app.
That website is paid by the companies to create the stories.
"This website and its reports are for general information purposes only as we are engaged in the business of marketing and advertising companies for monetary compensation."
Institutions don't invest in OTC stocks.
Institutional investors have to file a form 13 with their entries and exits. There are none for SKYI.
Since you had me digging...i see on OTC Markets...it has the promotion flag designation. That means this is being pumped and promoted by paid promotional methods.
Hence why the penny stock newsletter is hyping it. And why someone might post this is going to $1. LOL
Last week someone posted on here they saw 2M shares being bought and there has been no news. Why the mysterious buying?
Yesterday, a penny stock promotion notice was sent out hyping up a secret play to be announced today.
This AM another article was released announcing this stock as a winner, etc....and if you can watch Level 2 trading....the Ask had large chunks of shares for sale. Once they got bought, another large chunk would show up slightly higher.
This is typical behavior of a pump and dump. At least the shares were not "dumped" on the Bid. But that can still happen in a few days if the volume dries up.
Those shares bought then are now slowly being offloaded on the Ask from a pump blast sent out to investors.
I am assuming the Reg A is to raise money to purchase the construction business. What will happen if they do not raise enough money from the Reg A and do not acquire the company? Will you then be stuck holding shares of their current business model that has gone nowhere in the past 5 years?
Welcome aboard. This message board is not very active as you can see. The CEO is very transparent with the shareholders and has followed through with his past promises. You will be very successful with your entry price.
How did you learn of this company and the Reg. A? Was it a cold call sales call?
Positive earnings? Which company are you referring to? Have you looked at the financial statements for ENDV?
The CEO of ENDV has a history of over promising and under delivering.
The stock price is being decimated from the dilutive financing on the books. They cannot make any headway into paying it off with almost no revenue.
I don't follow.
Are you saying he promised an update and an update is still pending to be released?
If that is the case...that is not "false information" that is SEC enforceable.
Or has he released actual information that is not true? Missing a timetable does not fall into this category.
This continues to remain halted since October. Never seen such long halts done on a stock before. This is the 2nd several month trading hold in 1 1/2 years.
It is up 1,900% today. <grin>
Have you looked at the last few filed financial statements? There is ZERO debt listed. BK is not even on the radar.
Any news about the construction company acquisition? I suppose that is the new game plan you are banking on.
On the positive side...bottom support seems to be .19/.20. No matter how much selling is happening, it seems to maintain this SP area.
I saw a bot post an officer change.
Officer(s) Removed:
Fabrizio Bosticco, President
Someone grew tired of waiting and dumped their shares today.