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Something has to be done here....
ERB* unveils their crappy machine and are getting press coverage from all over the world. This is like free advertising for them and would cost them a million plus dollars if they had to pay for it. All of this from a bs presentation at a BBQ restaurant in Avon, Colorado. Not to mention their stock opened up 20%. But this is what happens when a company markets itself.
What do we get from Endexx... a crappy website... www.endexx.com.
No Endexx facebook page. Check out the M3 Hub facebook page
https://www.facebook.com/pages/M3Hub/640818205934009
The page has a grand total of 76 "likes" and hasn't been updated since Todd made a post on November 20th of last year! How about a picture of the new machine press released today? It takes very little time and no money to maintain a Facebook page.
Check out Todd's personal page...
https://www.facebook.com/todski17?hc_location=stream
Not even a mention of Endexx... this is your company... own it! How do you expect other people to invest in it when you aren't even supporting it. Joe DeRobbio is even worse but I am saving that for another post. When there is limited information investors search social media and it affects their decisions. Look at FIT* and Bill Chaban's facebook for a guy that is passionate about his company.
Believe it or not but we actually have an Investor Relations firm representing us! Contact them today and demand better!
Endexx Corporation
Todd Davis
Chairman & CEO
endexx@endexx.com
M3Hub Sales: 480-999-0097
Investor Relations
IRTH Communications
Andrew Haag
Managing Partner
EDXC@irthcommunications.com
866-976-4784
TEJS is working the spread pretty good. Can't wait until we get some real volume around here.
Top 7 reasons to buy EDXC right now.
1. Leadership… I appreciate that there has been zero hype here. Todd Davis is legit and after talking to him you can tell that he is very genuine. He is the opposite of many of the slimy characters involved in some of the other companies. He has a plan and it is about to come to fruition!
2. News! Good chance we will see another Monday press release. I have a feeling that this is going to be a busy month and there are going to be plenty of press releases on the way.
3. EDXC is trading at its 50 day moving average. It is ready to bounce. Also, a lot less down side compared to other marijuana stocks.
4. Cannabis Cup starts on April 19th. The stock market is closed Friday, April 18th. That leaves only 9 more trading days until the big public unveiling…
Businesses and consumers will be able to see and interact with our line of vending and dispensing systems as well as see demos of the capabilities of the M3hub "seed to sale" platform.
5. EDXC will be presenting at the Growth Capital Expo in Las Vegas April 29th – May 1. A week after Colorado… this continues Todd’s full court press and our big coming out party.
6. Has anybody been following our biggest partner’s progress on Facebook… unbelievable! Check out the pictures…. https://www.facebook.com/creativeedgenutrition
7. Capital structure… only 200 million shares outstanding. With a limited float, once this starts heading up it is going to move fast.
Today marks the start of Health Canada's new program...
As of early February, Health Canada had received more than 450 applications from prospective producers, with about 25 new applications arriving every week.
With required seed to sale tracking who do you think these companies are going to come to looking for this software. Endexx and FITX signed their deal back in September which as given Endexx and m3hub many months to fine tune their software to the satisfaction of Health Canada.
Todd Davis, CEO of Endexx stated, "Endexx's mission is to continually form collaboration alliances and partnerships that foster a sustainable industry platform in the Cannabis related markets. Key partners like Creative Edge, provide opportunities to innovate and improve processes and technologies necessary to support each company's business models. This is a high impact alliance that will support significant growth for both companies."
I highly doubt that the company is selling any shares at this point. The market is much too thin to handle that at this point. I would expect a decent stream of news leading up to the cannabis cup. That will culminate in our coming out party and would expect us to be trading at .50+ into May. At that point we should hopefully hear about some kind of financing.
You can believe that if you want... but I am not seeing anything that looks like that on the L2.
My guess is that we are still suffering a hangover from Alan's call on Friday. The price went down so fast on Friday that a lot of his followers couldn't get out. Once we get through them it should be a quick ride back to .30+.
How exactly is this "buyer" driving the price lower?
I was walking the dogs when they went through... saw them on the time and sales when I got back to the computer.
watching now... 50k bid at .2501 x 124k at .2579
Alan sold EDXC in his paper portfolio on Friday which resulted in the drop at around 1:30. It is important to note that Alan stated that the reason for the sale was not due to any fundamental issue with EDXC. He wanted to free up paper money to purchase a different stock.
CANN is Advanced Cannabis Solutions. It is one of the larger and more highly regarded marijuana stocks. It was halted by the SEC this morning. This put a real fear in the pot stocks and lead to a lot of the red you are seeing across the board. The good news is that as more information is coming out regarding the halt it doesn't look like it is due to anything that was done by current management and is a carry over from the previous owners of the shell company that CANN took over. It should be resolved shortly and CANN should be alright. Hopefully this should soothe the market a little and bring the buyers back in.
Kind of an odd article... it gets going and then just kind of ends abruptly.
Todd sits down with a journalist for Fox TV in LA that he personally knows from high school. The article barely mentions Endexx, has no ticker symbol, no link to the company website or facebook page. Todd barely mentions Endexx. Why are they not promoting this company more!
The m3hub facebook page did gain 6 likes yesterday which is a one day record... not sure if it was due to me mentioning it here or due to the article.
The good new is he was in LA on business. Also, it sounds like Todd was a squared away guy in high school, class president, football captain, homecoming king....
Anybody who owns a million plus shares isn't dumb enough to put a market order in on a penny stock. Anyway, you could get the same effect by just putting in a lower limit order.
This is definitely not due to any one market order. It is many small orders being placed by small investors. I think our problem is directly related to the lack of information that the company is providing.
Marijuana stocks are down across the board due to cann being halted. Investors are reevaluating their portfolios and what companies they are in. EDXC is still considered a highly speculative stock, especially since our only claim to fame is our association with FITX. If FITX gets halted next were in single digits.
This is why it is on EDXC management to start getting this info out. I don't want them to pump the stock but they do need to support it. The only reason why I am holding... and buying more, is that when this info does get out there I think the price is going to take off.
Well so much for any kind of support at .24. BBM... if you liked it .30 you are going to love it at .23.
BTW I already bought 200k shares today.
I am invested here as much as anybody...
The March 10th release had zero substance to it.
I am getting tired of this Todd is a great guy on the phone BS. I talked to him over a month ago and heard the same deal... and yet no public press releases. There is nothing that the market hates more than uncertainty. The shareholders deserve better than this.
Sorry for the rant but it has to be said.
I keep an eye on the m3hub facebook page. It hasn't been updated in a while but the number of "likes" have been increasing lately. Check it out and "like" it to help get the word out and let Todd know we are out here looking for info....
https://www.facebook.com/pages/M3Hub/640818205934009
This youtube video does a great job of presenting autospense...
I am surprised that whoever was sitting on .305 with the big blocks for the last two hours never went and chased it.
Hopefully they will be back Monday morning.
Alan has had edxc in his paper portfolio for quite a while now but I think that a lot of his subscribers have gotten "bored" with edxc and moved on to more exciting plays. Once we get some solid news there is a lot of money out there that will be moving in. With the low float here it is going to be a violent move to the upside.
Welcome back BBM. I should have known you were going to pop up when I saw the 250k on the bid.
As for news... it has been a long wait. Unfortunately Todd is the only one that can answer that question but I am betting that when it gets here it will make us all very happy.
Who is MR?
Level 2 is building up... could see a nice run from here into the close.
This could be the last time to load up before the news starts hitting!
Positive news for FITX came out this morning. Stock is starting to move... good news for EDXC.
Creative Edge Nutrition (FITX) Announces Private Funding for the Build Out of the World's Largest and Most Advanced Legal Cannabis Production Facility
http://finance.yahoo.com/news/creative-edge-nutrition-fitx-announces-153000099.html
We know that you have an agenda here but try to keep it honest.
Those Form 144's are for proposed sales of stock. That means that it hasn't happened yet and may not even happen at all. They were filed on March 15th and judging by the price action... closing price on the 14th was .23 and today's price is almost .30 I would assume that they did not occur yet or had no effect.
Also, the number of shares in question is less than 2 million out of the over 50 million shares that Todd controls. Hardly cause for alarm.
If anything I see it as a positive. Form 144's are good for 3 months so I would assume that Todd is merely preparing to sell the shares into the expected run up when they start releasing news. Good for him... it looks like everybody is making money here except for you.
Good call on IRTH Communications. I was just doing some research on them and came across this...
IRTH Communications Sponsors the 26th Annual ROTH Conference
http://www.cnbc.com/id/101467377
Notice the dates of the conference... it ended last Wednesday. Anybody think that the spike on Monday and Tuesday on no news could be a result of something that happened at the conference?
Anybody else want to dig into the court filings? I did ROA #222... how about someone try #226.
Bill Chaban of FITX is hosting a shareholder open house tonight and tomorrow at the grow facility they are building in Windsor Canada. From previous press releases we know that FITX is utilizing our M3 Hub to handle all seed to sale tracking technology.
From Bill's facebook postings we know that Bill and our CEO Todd Davis have been spending a good amount of time together.
February 7th they were in Humboldt County together.
On February 15th Todd flew into Detroit to meet Bill and "their new brother from Northern California".
That is the last two weekends. I wonder if Todd has any plans for this weekend? I can tell you one thing, Bill isn't inviting all of these people up there to freeze while looking at a construction site. Knowing his deal I would think that he is going to have some positive news to announce as well. Hopefully we get some EDXC info out of this well. People are running out of time to load up on EDXC. One decent press release and it is an easy double from this share price.
It looks like the Judge in the lawsuit is going to compel Medbox to produce the financial documents for Dispense Lab's discovery if Medbox wants to proceed with the lawsuit.
Citron seemed pretty confident when challenging Medbox to sue him. Citron's confidence was based on the fact that Medbox would not want to expose their financial documents to the discovery process.
Citron has to be licking his chops with the potential opportunity for the top secret Medbox financial documents to be literally gift wrapped for him.
This puts Medbox in a really tough spot. I think they choose the lesser of two evils and drop the lawsuit against Dispense Labs. The alternative has a whole lot more downside.
I am betting on a win for EDXC. It is also going to make for a great press release!
A couple more general thoughts on the Medbox lawsuit...
Has Medbox sued anyone else? I think it is very telling and actually a positive that they are suing Dispense Labs / Endexx. It shows that they recognize us as their competition in this market and legitimizes Endexx as a company. It also lends credence to the quality of our product and business plan.
After spending some time researching the lawsuit (admittedly though only scratching the surface) my initial reaction is that Medbox has filed the lawsuit with the soul intent of it causing a hindrance to Endexx. Both in time and money. Judging by the way Medbox has attempted to prolong the proceedings and their poor showing in court I think that they are just using it to try and slow up Endexx and that is why Endexx has filed a counter complaint against them.
Either way if even half of what was in the Citron report comes to fruition, Medbox is going to have a lot of other problems to worry about. I would also see that as a major catalyst for EDXC's share price.
More from ROA #222
Don't quote me on any of this because I am not an attorney and this is only the first filing that I have read so I am still figuring out what is going on.
It appears that Dispense Labs had filed for discovery requesting certain financial documents from Medbox. Medbox didn't want to produce these documents so they basically ignored the request. They eventually responded to the request by invoking "their right to privacy under the California Constitution". The problem is that Medbox waited so long to respond that the objection was waived because it was not timely.
It also looks like Medbox pissed off the Judge at some point because they were ordered to pay sanctions in the amount of $1225.
This is the ruling from 12/02/2013 Court session:
Tentative Ruling for C26on l)ecember 212013
No. 4z PVM Intentional Inc. v. DeRobbio
The motion to compel further responses to production requests without objection is
GRANTED. Total sanctions in the sum of $1225 are awarded against the
responding parties. Supplemental responses are to be served within fifteen (15)
days. Sanctions are to be paid within 20 days. The moving party is to give notice.
When they responded without objection, Cross-defendants waived the right to
object. C.C.P. $ 2031.230 requires that "[a] representation of inability to comply
with the particular demand for inspection, copying, testing, or sampling shall
affirm that a diligent search and a reasonable inquiry has been made in an effort to
comply with that demand. This statement shall also specify whether the inability to
comply is because the particular item or category has never existed, has been
destroyed, has been lost, misplaced, or stolen, or has never been, or is no longer, in
the possession, custody, or control of the responding party. The statement shall set
forth the name and address of any natural person or organization known or
believed by that party to have possession, custody, or control of that item or
category of item.
The discovery was served over six months ago. On the eve of the hearing
(llll9ll3), Cross-defendants cannot avoid a ruling by service of last minute
responses that incorporate multiple objections, even though objections were
waived by failure to respond timely. C.C.P. $2031.300.
In addition, the supplemental responses appear evasive. Mr. Mehdizadeh responds
for himself personally and there is no response from any entity. Delay renders it
impossible to determine whether Mr. Bedrick's responses do not suffer from the
same uncertainty.
I just purchased ROA #22 for $8.95 and it was worth every penny. It makes Vinny and Medbox look pretty bad. Here is one example:
Exhibit C - On 03/11/2013 Vinny was supposed to be deposed by our attorney. Vinny doesn't show up but sends his lawyer instead. This is what Vinny's attorney (Mr. Nassiri) had to say on the record at the deposition in response to our attorney's questions.
MR. SCHURTER: So your client. has not appeared
today, the deponent. Is it your assertion today that
he's refusing to appear?
MR. NASSIRI: He's telling me he's not going to
appear, yes.
MR. SCHURTER: So he's not willing to
reschedule; is that correct?
MR. NASSIRI: That's correct.
MR. SCHURTER: All right. At this point. I guess
we will conclude the deposit,ion to the extent t.hat I will
leave it open pending a motion to compel, and I will be
seeking a mot.ion to compel for t.hat reason. Today will
be concluded. I will be leaving the deposition open.
MR. NASSIRI : Okay.
I am not an expert on this but I would assume that the Judge does not look favorably upon not showing up at depositions and then refusing to comply.
Our volume has historically been significantly lower than a lot of the other stocks in this industry. I still think that we are under the radar of a lot of investors, including the ones that are familiar with the mj stocks. EDXC's share price has been rising steadily and never had the mania and buzz around it like most of the other mj stocks.
As far as news... I am getting frustrated as well. When I look at what some of the other stocks are putting out there as "news" and the result on the share price I question management. I have heard that Todd is very conservative and I respect that. But we are in a rare window of opportunity where so much attention is being paid to this sector and the universe of stocks is still relatively small. With a couple of informative press releases, they could easily double or triple the market cap. That is real money that they could use for acquisitions or development. I would also like to see some news regarding our other ventures that shows that we aren't so dependent on the success of FITX.
With that said, I still have the bulk of my portfolio in this stock and feel that EDXC provides the best risk/reward ratio of any other stock out there.
I only ended up with a partial fill at .22. That is my 26k on the bid.
I am game... I will give it a 50k hit.
Here is a link to the filing:
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9769117
According to the filing the date of the first sale was 1/27/2014. They have sold $110,000 out of a total offering amount of $300,000.
This is rule 506(b)stock under Section D:
http://www.sec.gov/info/smallbus/secg/general-solicitation-small-entity-compliance-guide.htm
They can only sell this stock to accredited investors and there is restrictions on it. It doesn't say what the sale price is but I would assume it is a decent amount under the current market price. I am surprised they are only looking for $300,000.
The shares they are selling in this filing are restricted shares. They will not have an immediate effect on the share price.
They are selling equity to raise much needed cash. This has nothing to do with the Hive deal. You are dreaming if you think Kyle Tracy is not going to let Hive go for $300,000. He wouldn't even let it go for $30 million.
Check out the FITX facebook page and the following comment from Bill Chaaban:
https://www.facebook.com/creativeedgenutrition?ref=br_tf
Todd Davis from endexx must have been a rally driver In a previous life...these serpentine roads are killing me!
Bill posted on facebook yesterday that he was going to Humboldt. Hopefully they are getting some deals done!
Press release on Monday?