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.
Not too lazy to read the annual report...
On October 1, 2016, our President and Chief Executive officer converted $1,157,500 of accrued
salary and $123,825 in accrued payroll taxes for a total of $1,281,325 in to a long term note payable
bearing an interest rate of seven percent (7%) per annum, and with a maturity date of October 1,
2018. The note is convertible in shares of our common stock at a rate of $0.027 per share.
https://www.otcmarkets.com/financialReportViewer?symbol=EDXC&id=185978
Does anybody else have a problem with Todd issuing himself over 47 million shares on October 1, 2018? That is going to put Total Shares Outstanding at over 300 million. What has this company done to warrant a market cap of over $20 million dollars?
Todd trying to get some more mileage out of his #fakenews release...
With respect to Section 17(B) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention to the fact that Online Media Group, Inc. received $1,333 in compensation from a third party for content creation, advertising and distribution services related to this material.
Impulse does 100k in revenue. That isn't even enough to pay the rent and the 4 employees they supposedly have. Anybody else do any research on them or are you just going to take Todd's word for it?
The press release is very misleading. EDXC has not sold a single autospense machine.
They have entered into a contract with Impulse Health who is going to market and try and sell autospense. Directly from the press release...
"With this collaboration, Endexx will partner with Impulse Health to offer a new customer focused solution to over 20,000 retail and pharmacy locations nationwide utilizing Endexx’s AutoSpense™ industrial-grade automated inventory control and dispensing solutions."
Once again, Impulse Health has not sold a single machine, they are offering it to the retail and pharmacy locations.
Notice that the press release had zero information on Impulse Health besides their name? Anybody call Impulse and ask them how many sales people they have?
Autospense is not a new concept by any means. Here is an article from 2015 about a company that at the time had 200 machines installed.
https://www.addiction.com/5394/will-next-prescription-come-vending-machine/
Just providing some proper due diligence.
Impulse Health
13241 Mount Olive Ln
Amelia Court House VA
From Google maps it looks like a private residence in the middle of Virginia farm country. More specifically it is right between Georgia Boys Boiled Peanuts and Terri's Trinkets and Cackling Hens Creations. I kid you not.
Also appears to be the business address for ISC Sales and Stars and Stripes Realty.
More fake news from Todd.....
Impulse Health is estimated to generate $115,575 in annual revenues, and employs approximately 4 people at this single location.
I wonder how many shares Todd is selling into this pr.
Go to www.finra.org Use the broker check box.
Outstanding Credentials??? Did you know that this is part of Todd's credentials?
Initiated ByUTAH DIVISION OF SECURITIES
AllegationsCHURNING, UNSUITABLE RECOMMENDATIONS, UNAUTHORIZED TRADING, UNAUTHORIZED USE OF DISCRETION, ENGAGING IN A SCHEME WITH OTHERS TO MANIPULATE THE PRICE AND VOLUME OF PUBLICLY TRADED SECURITIES, TRADING ON INSIDER INFORMATION, EMPLOYING A SCHEME TO DEFRAUD, OMITTING MATERIAL FACTS IN THE OFFER OF SALE OF A SECURITY, ARRANGING FOR THE PURCHASE AND SALE OF SECURITIES BETWEEN CLIENTS' ACCOUNTS AT A PRICE BELOW THE CURRENT MARKET, SELLING AWAY, UNDISCLOSED OUTSIDE BUSINESS ACTIVITY
ResolutionStipulation and Consent
SanctionsMonetary/Fine
Amount
$50,000.00
SanctionsRevocation/Expulsion/Denial
SanctionsBar
Sanction DetailsFINE OF $50,000 PAYABLE IN $10,000 INSTALLMENTS ANNUALLY; RESTITUTION OF $10,000 WITHIN ONE YEAR OF THIS ORDER; BARRED FROM ASSOCIATING WITH A BROKER-DEALER OR INVESTMENT ADVISER LICENSED IN UTAH; BARRED FROM ACTING AS A PROMOTER, FOUNDER, OWNER, OFFICER, DIRECTOR, CONSULTANT OR PARTNER OF ANY UTAH DOMESTIC PUBLIC COMPANY OR ISSUER WITH ITS PRINCIPAL PLACE OF BUSINESS IN UTAH THAT HAS ANY CLASS OF ITS SECURITIES REGISTERED BY THE DIVISION; BARRED FROM EVER ENGAGING IN SECURITIES BUSINESS IN UTAH.
On September 22, 2016, our Chief Operating Officer and Vice President, resigned and left his
position with the Company. On November 21, 2016, we agreed to convert all amounts due to him
for consulting fees and unreimbursed expenses totaling $155,883 into 2,289,926 shares of our
common stock.
How many employees does Endexx have? Can anyone name any? Is it just Todd now?
Endexx has a licensing and partnership agreement with The Mad Hatter only.
Millenium Products has their own product called Third Eye Chai which they have sold since 2010. Millenium Products has the trademark rights to the word mark "Third Eye Chai".
You can be sure that Millenium Products is not going to allow another company in the tea space to use the same exact name that they have been already using for 7 years.
Todd should be getting the cease and desist any day now for violating the Third Eye Chai trademark that has already been granted to Millenium Products. First Use In Commerce Date 2010-12-06. It looks like Todd is a little late to the (tea) party.
https://trademarks.justia.com/870/37/third-eye-87037013.html
I agree, many investors are overlooking the increasing revenues here. Instead they are looking at the more important number, Net loss which just hit $350k for the last quarter and is also rapidly increasing.
If you read a little deeper into the quarterly report you will see this gem... not surprised to see Todd taking care of himself at the expense of shareholders.
On October 1, 2016, our President and Chief Executive officer converted $1,157,500 of accrued
salary and $123,825 in accrued payroll taxes for a total of $1,281,325 in to a long term note payable
bearing an interest rate of seven percent (7%) per annum, and with a maturity date of October 1,
2018. The note is convertible in shares of our common stock at a rate of $0.027 per share.
So this means that the shareholders are going to be paying him $90k a year in interest on top of his already ridiculous salary. And then he will have the option to convert the note into almost 50 million shares!
CAVE CREEK, AZ--(Marketwired - Nov 3, 2015) - Endexx Corporation (OTC PINK: EDXC), a provider of innovative medical marijuana management and proprietary technology solutions, announced today that it has entered into a collaboration agreement with Brown, Griglack, & Zambrano, a New Jersey GP, specializing in financial modeling, actuarial studies, and quantitative analysis. BGZ has been engaged to provide quantitative research and consulting services to analyze and improve new and existing products, including: the m3hub©, Autospense™, and Dudad© platforms.
I wonder what was the result of this besides another bs press release. Almost a year later and no word at all about m3hub and Autospense. I wonder if Todd ever paid Xeden Cloud Concepts their money?
Also what is the Dudud platform mentioned here? That sounds like a real money maker.
I can't believe anybody believes a word of what Todd says. Lets not forget his shady past....
Initiated ByUTAH DIVISION OF SECURITIES
AllegationsCHURNING, UNSUITABLE RECOMMENDATIONS, UNAUTHORIZED TRADING, UNAUTHORIZED USE OF DISCRETION, ENGAGING IN A SCHEME WITH OTHERS TO MANIPULATE THE PRICE AND VOLUME OF PUBLICLY TRADED SECURITIES, TRADING ON INSIDER INFORMATION, EMPLOYING A SCHEME TO DEFRAUD, OMITTING MATERIAL FACTS IN THE OFFER OF SALE OF A SECURITY, ARRANGING FOR THE PURCHASE AND SALE OF SECURITIES BETWEEN CLIENTS' ACCOUNTS AT A PRICE BELOW THE CURRENT MARKET, SELLING AWAY, UNDISCLOSED OUTSIDE BUSINESS ACTIVITY
ResolutionStipulation and Consent
SanctionsMonetary/Fine
Amount
$50,000.00
SanctionsRevocation/Expulsion/Denial
SanctionsBar
Sanction DetailsFINE OF $50,000 PAYABLE IN $10,000 INSTALLMENTS ANNUALLY; RESTITUTION OF $10,000 WITHIN ONE YEAR OF THIS ORDER; BARRED FROM ASSOCIATING WITH A BROKER-DEALER OR INVESTMENT ADVISER LICENSED IN UTAH; BARRED FROM ACTING AS A PROMOTER, FOUNDER, OWNER, OFFICER, DIRECTOR, CONSULTANT OR PARTNER OF ANY UTAH DOMESTIC PUBLIC COMPANY OR ISSUER WITH ITS PRINCIPAL PLACE OF BUSINESS IN UTAH THAT HAS ANY CLASS OF ITS SECURITIES REGISTERED BY THE DIVISION; BARRED FROM EVER ENGAGING IN SECURITIES BUSINESS IN UTAH.
This is from the current financials. Total Liabilities are now $2,233,092! Cash on hand is $40,781. Look at the Total Payroll Payable... $1,506,634!!!! How much is Todd paying himself!
Current Liabilities
Total Accounts Payable 567,049
Other Current Liabilities
License Fee Payable 54,600
Deferred Lease Revenue 10,260
Accrued Expenses 31,205
Payroll Liabilities
Wages Payable 1,345,000
Payroll Taxes Payable 156,855
Total Payroll Payable 1,501,855
Payroll Liabilities - Other 4,779
Total Payroll Liabilities 1,506,634
Sales & Use Tax Payable
VA Use Tax Payable 422
Total Sales & Use Tax Payable 422
S/T Notes Payable 62,923
Total Liabilities 2,233,092
Todd better come up with something. The 4 million CBD Health Solutions shares come off restriction in March. I am sure those guys can't wait to dump their shares... especially after Todd screwed them over.
According to the latest filing Todd still hasn't paid the M3hub licensing fee. You can write that part of the company off as worthless.
Talking about lawsuits... I wonder if Todd ever payed Xeden Cloud Concepts the money that they owe them (the company that Endexx licensed m3hub from)? I heard that there was a lawsuit brewing there as well.
It is amazing that this stock is still above a penny.
Somebody dumped some large blocks of shares today. Smart money is getting out before that big block of shares comes off restriction next month. Who is going to be left holding the bag here?
It wouldn't be the first time that Todd was sued...
Initiated ByUTAH DIVISION OF SECURITIES
AllegationsCHURNING, UNSUITABLE RECOMMENDATIONS, UNAUTHORIZED TRADING, UNAUTHORIZED USE OF DISCRETION, ENGAGING IN A SCHEME WITH OTHERS TO MANIPULATE THE PRICE AND VOLUME OF PUBLICLY TRADED SECURITIES, TRADING ON INSIDER INFORMATION, EMPLOYING A SCHEME TO DEFRAUD, OMITTING MATERIAL FACTS IN THE OFFER OF SALE OF A SECURITY, ARRANGING FOR THE PURCHASE AND SALE OF SECURITIES BETWEEN CLIENTS' ACCOUNTS AT A PRICE BELOW THE CURRENT MARKET, SELLING AWAY, UNDISCLOSED OUTSIDE BUSINESS ACTIVITY
ResolutionStipulation and Consent
SanctionsMonetary/Fine
Amount
$50,000.00
SanctionsRevocation/Expulsion/Denial
SanctionsBar
Sanction DetailsFINE OF $50,000 PAYABLE IN $10,000 INSTALLMENTS ANNUALLY; RESTITUTION OF $10,000 WITHIN ONE YEAR OF THIS ORDER; BARRED FROM ASSOCIATING WITH A BROKER-DEALER OR INVESTMENT ADVISER LICENSED IN UTAH; BARRED FROM ACTING AS A PROMOTER, FOUNDER, OWNER, OFFICER, DIRECTOR, CONSULTANT OR PARTNER OF ANY UTAH DOMESTIC PUBLIC COMPANY OR ISSUER WITH ITS PRINCIPAL PLACE OF BUSINESS IN UTAH THAT HAS ANY CLASS OF ITS SECURITIES REGISTERED BY THE DIVISION; BARRED FROM EVER ENGAGING IN SECURITIES BUSINESS IN UTAH.
delete
How is Endexx making out with that CBD Health Solutions acquisition?
CBDHS haven't touched their social media accounts since October...
https://www.facebook.com/CBDHealthSolutions/
When I call the phone number (816) 517-4280 nobody ever answers the phone. I would leave a message but the mailbox is full. There is something going on here..... and it isn't good.
Todd has been awfully quiet. I wonder when we are going to get an update.
I wonder what kind of feedback Todd has gotten from the consulting firm Brown, Griglack, Zambrano?
I am still looking for a website or phone number for the company.
Shares coming off restriction soon. You know they can't wait to dump this turd.
Yeah... waiting for this to break a penny. Todd continues to get nothing done. Where is the news????
Great summary! The only thing you are missing is this gem...
Endexx Engages Brown, Griglack & Zambrano
Good like finding any information on this mystery firm.
It has now been 12 weeks since the social media sites for CBD Health Solutions have been updated. If the cbd market is booming why isn't Todd pursuing it? Something is not right here. I think Todd has some explaining to do....
https://www.instagram.com/cbdhealthsolutions/
https://www.facebook.com/CBDHealthSolutions/?fref=ts
Regarding EDXC participating in any kind of sector run I look at it like this. Fool me once shame on you... Fool me twice shame on me. Todd got away with it the first time because none of these companies had any kind of track record and were all pretty shady in their own right. The next time around people are going to be able to see that there is nothing behind the curtain here.
And if they don't see that, I will be here every day to show them.
What is Todd doing to grow the CBD brand? He spent millions of shares to purchase CBD Health Solutions which looked like a great purchase. They had a great brand going and were getting a lot of buzz on social media, but know it looks like he is just going to let it die off. The social media accounts haven't been updated since October.
https://www.facebook.com/CBDHealthSolutions/
Now he is going with this bush league version that is only followed by a couple of people and that is including his mom...
https://www.facebook.com/CBD-Unlimited-187078914965897/?fref=ts
It is obvious that any CBD sales have to be very minimal.
What is your average pps for your EDXC holdings?
At .02 a share Endexx has a market cap of $5 million dollars. If m3hub is worthless as you say, and I agree, what is the reason to invest here?
I don't find it odd. There are a lot of investors here that made the mistake of actually believing what Todd was saying. People bought into this stock based on bogus press releases and Todd's lies. Now that they have come to the realization that Endexx is basically a sham company that is worthless they would rather speak the truth than try to pump this pos so they could sell their shares to some poor senior citizen that comes along.
Shame on the people that are pumping this stock knowing it is worthless just so they can line their pockets.
Sales can't be going that great. EDXC hasn't updated their cbd social media sites since the middle of October. Something is definitely not right here....
https://www.instagram.com/cbdhealthsolutions/
https://www.facebook.com/CBDHealthSolutions/?fref=ts
Endexx only has 2 employees??? At a stock price of .02 that would put it at over $5 million in market cap. How does a stock worth that much have only 2 employees. Only in penny stock land!
How many "employees" does Endexx have?
What have these "employees" done to earn $1.4 million dollars in pay.
If restricted shares are issued that is over 70,000,000 shares! Talk about destroying current shareholder value.
MJ Freeway just closed an $8 million round of financing. They service 1,200 legal cannabis licensees in 23 states and Canada, Chile, Australia and Spain.
Think about that.... 1,200 customers and Todd can't give m3hub away to one customer.
http://mjbizdaily.com/mj-freeway-raises-8m-for-expansion/
It looks like Todd is giving out coal again for Christmas. I am sure he will take care of himself though. Endexx has an iou for over $1.4 million in payroll on the books. How much of that is for Todd? When are the shareholders ever going to see a dime?
It is going to be tough getting past .02 with that 579k share sell order that was sitting out there all afternoon.
I wonder if that was Todd trying to pay for the audit??