is busy cooking up the next batch...
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ENIP CONVERTIBLE DEBT WAS CANCELLED
Endeavor IP Wins Declaratory Judgment Removing All Financial Obligations Under Four Promissory Notes Totaling $1.9 Million Plus Accrued Interest
NEW YORK, NY -- (Marketwired) -- 11/03/15 -- Endeavor IP, Inc. (OTC PINK: ENIP) ("Endeavor" or the "Company"), an intellectual property services and patent licensing company, announced today that the Company has been awarded a declaratory judgment by the Supreme Court of the State of New York, County of Onondaga, against Bay Capital, A.G. ("Bay Capital") and Knight Financial, Ltd. ("Knight Financial"). The declaratory judgment provides that the Company is no longer obligated under the following promissory notes: (i) promissory note dated March 23, 2012 made to Bay Capital in the amount of $100,000, (ii) promissory note dated June 10, 2012 made to Bay Capital in the amount of $100,000, (iii) promissory note dated July 26, 2012 made to Bay Capital in the amount of $200,000 and (iv) promissory note dated May 8, 2013 made to Knight Financial in the amount of $1,500,000. The declaratory judgment award is based on a declaratory judgment action filed by Endeavor on March 26, 2015.
"We are very pleased with this judgment, as it will allow us to remove $1.9 million of liabilities plus accrued interest from the Company's balance sheet," stated Franciscus Diaba, Chief Executive Officer of Endeavor.
About Endeavor IP, Inc.Endeavor IP, Inc. is an intellectual property services and patent licensing company that is engaged in the acquisition and licensing of intellectual property. Endeavor is based in New York, NY.
www.enip.com
Forward Looking StatementsCertain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," estimate," "continue," "predict," "demonstrate," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the Securities and Exchange Commission (the "SEC"), not limited to Risk Factors relating to its patent business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
Investor Relations :
Crescendo Communications, LLC
Email: enip@crescendo-ir.com
Tel: (212) 671-1020
www.crescendo-ir.com
Source: Endeavor IP, Inc.
http://www.otcmarkets.com/stock/ENIP/news
ENIP .001+ POWER HOUR! MARK IT!
ENIP SETTING UP FOR .001 TEST/BREAK!!!
ENIP .0007s GOING! LET'S DO THIS!!!
ENIP Under Heavy Accumulation... .0006s will be bought up soon.
ENIP Here We Go...
ENIP .0005s are going to be in short supply today imo.
Once Those Larger Blocks Start Hitting at .0006...
We should see .001s very soon.
Should Move A Lot Faster Now. .001s Today Easily IMO.
.0006s Up. Not Much There.
ENIP .0005s Larger Blocks Going Now
.0005s are hella thin this morning
Lets force them to buy back over .01...
ENIP .0004s Almost Gone....
I agree. This will do very well as a buy/hold. Definitely not a flip here.
LOADED ENIP .0004s
.0007s Thinning out...
.0006s Falling Fast!
THANKS FOR THE .0004s!!!
WSGP Should see .0012s today imo
They probably knew that the vast majority of buyers wouldn't actually take the time to DD this damn deal before buying... Anyway, you live and you learn.
I DON'T BUY THAT... THE COMPANY WAS SELLING THE WHOLE DAY... 3/4 OF THE FLOAT WAS TRADED AND THE DAMN THING WAS STILL RED EVEN BEFORE THEY ISSUED THE RETRACTION. IJS
EXACTLY
NEWS WAS ISSUED BEFORE THE BELL AND THE COMPANY WAITED THE ENTIRE DAMN DAY TO ISSUE A RETRACTION... THIS IS AS ROTTEN AS IT GETS...
A BUNCH OF LYING DAMN CHEATS IS WHAT THEY ARE!!!
Yup, All the buyers have already taken their losses and run for the hills...
VFIN WAS ON THE ASK EARLIER + DOWN 22% ON AWESOME NEWS IS NOT RETAIL
I may pick up some .0010s when the company is done diluting.
What a POS this is... Release sensational news just to dilute... SMH
CMGO ask is thin, should see .008s again today.
Nice paint job... Somebody trying to hold this down
Sellers are out. Back to .008s, then .01s.
CMGO .01+ Coming this week... Monday will prob. Be the last chance to load under .01 imo.
Agreed Strukt, CMGO Very Bullish...
CMGO Adding more today under .01
CMGO +50%, News Anticipated by Friday...
Date of Report: September 23, 2015
CMG Holdings Group, Inc. ("CMG") is pleased to report the debt securities owned by KBM Worldwide (Asher) and its affiliates have been bought by pension funds, and are now in the hands of investors whose interests are aligned with the Company. Additionally, CMG has secured a 30-day option on its remaining toxic debt stating, "we expect to place the remaining debt in similar hands, and by so doing, pave the way for the company to move back into growth mode, which we expect to include strategic mergers and acquisitions, spin-outs, and other shareholder friendly activities." Management expects to make informational disclosures concerning these activities in the near future.
Friday, Oct 23rd will be the 30-day mark...
.01+ Coming imo