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The availability of the scar product on Amazon is nice but I invested here based on the promise of Cannophen, and hoping to take advantage of the MJ sector. I hope we see some information from management on what their plans and time frame are for Cannophen. Maybe other investors feel the same way which is why the market reaction yesterday was disappointing.
First time poster here. I've reached out to the company several times, but never get a response. One of my suggestions to them is to communicate to investors via a PR/8k rather than Facebook or Twitter. That would add credibility which I think the company lacks, and the failure to respond to investor inquiries doesn't help. If RSII really "has the goods" they need to do a better job of convincing existing and potential shareholders.
First post here, although I hold a sizeable position. I wonder why if the software part of the business is worth anything, why don't they sell it? Whether they can get $5,000 or $500,000, obviously the CBD business is where the focus is and could certainly use additional capitalization. And it's not like there is any synergy between the two businesses. I'd like to see the software get sold and the company renamed to something more appropriate, to help new investors find us. Back to lurk mode.
It's basically just an address. I've used that kind of thing myself to establish a presence in a nearby city. I have all kinds of concerns about this investment, but the office is not really an issue IMO.
If I believed in the company and spoke to an insider who gave me positive info, I wouldn't betray that confidence by making the conversation public. But, if I later feel I was lied to, I'd be more than happy than to give out the details.
No, if I remember correctly he posted that he had talked to someone and that he was willing to wait for a couple of weeks at which point we would be very happy. It was later that he apparently learned something that caused him to change his mind. If company management was not honest in what they told him, it would be helpful to share that with us.
You posted a while back that you had spoken to someone at the company, and you came away feeling very positive. Since you are no longer in the stock, and obviously feel quite differently, are you willing to share with us who it was that misled you so much?
You can argue about Midas's people skills, but the stock price is trending in the direction he's been predicting. It would be nice if management could release ANY kind of news to give us longs some hope.
I think the stock is being played here. The size was on the bid most of the day yesterday but the price ended down slightly. A little bit ago you had over 1 million shares on the bid vs 22,000 on the ask, and the stock's not really moving. I don't know how anyone can give an informed opinion as to our next move.
I agree, I just think it's misleading investors to infer that somehow $ENDV is getting some funding through this source. It's like if they tweeted "Scientists hope to cure diabetes in 3 years", as if $ENDV are the ones to do it. There's nothing to do but wait at this point, but I wish we got some inkling of progress on any front that we're exploring.
To use the current vernacular, it's Fake News. Everyone knows treating diabetes is a goal of lots of companies. Management credibility has been discussed here as being lacking. I don't think it's unreasonable to ask for more information on the relevance of this tweet to $ENDV. I think we already know the answer.
I have the same question. They've posted these kinds of tweets before, where someone is funding a study for a disease that $ENDV hopes to address. I think we need some substantive news, so if there's some connection between these kinds of tweets and what we're doing, I'd like to see it spelled out.
It's too bad we can't have a Vegas style betting pool on the side. We could be making these side bets and keeping things interesting while we wait for company developments.
I'm not a chart expert, but I suspect the prices on these OTC stocks can be manipulated up and down, so I'll take the other side of your prediction.
You're starting to make the same mistake as the pumpers, but in the other direction. $ENDV either has the goods or they don't. If they don't release positive trial results before the money runs out this year, then they're probably toast and 1 cent/share might look good. But any kind of good news in the next month or so, that excites the investing public and pulls in favorable financing, and things are going to get mighty interesting. Why are your price targets any more likely than the new 52 week highs people were predicting?
I was referring to you, but did not mean to be judgemental. You seem to have experience and be plugged in, but on IHUB who knows? We can be anyone we say we are. I do think you're credible, which is why I was disappointed with your prediction of Q4 news. It's too bad about the negative private PMs. I have gotten my share because I haven't been super optimistic about results and time frames. Why are you guessing it might be until Q4 when we get pre-trial results?
One of our more knowledgeable (that's how he presented himself) posters, who's now AWOL, had suggested we'd see the results early in Q4. FWIW
What's that strange color on my screen? It's been so long!
I don't know if I believe in the technology or not. Square waves are far superior to sine waves? I'm not a scientist, and to me until our pre-clinical trial results are released the jury is still out.
Also, I posted once before that these tiny start ups often fail financially before they get a chance to prove their technology. That's why I am focused on the funding, and when the results get released. And the credibililty of management is key as well. I thought Mr. Collier's letter was excellent, and hope he continues to communicate with shareholders on a regular basis.
I have over a million reasons to hope you're right. And at this price it makes no sense to sell, but I'm also not comfortable to add any more. Averaging down hasn't worked too well for me in the past.
A few thoughts:
I'm glad Collier put out that letter. It was well written and addressed the concerns that have been expressed on this forum. It's hard to believe the writer is the same guy that appeared on Youtube, looking like the victim in a hostage video! LOL I think the letter should have come out earlier, because they knew the results were not being released when expected. I'd also guess that if results were coming any time soon he wouldn't have bothered with the letter. Just put up with the angry calls and emails for another week or so. In fact, something that was posted by a well respected Ihub member, postulated that we wouldn't hear anything until early Q4. That bothers me, as the poster seems pretty in tune with what's going on.
Then there's this paragraph from the letter:
We would like to remind shareholders while achieving results in the quickest period possible may be highly beneficial in the short term, high quality science with the capacity to be submitted for peer review takes time and we are building our company with a long-term vision in mind.
It doesn't quite ring true with me. The company needs money badly, to obtain better financing,to pay salaries for Mann and Collier, and to fund ongoing studies. If they had a way to do something highly beneficial in the short term, it seems odd that couldn't have somehow done that without sacrificing "high quality" science.
Just some weekend musings. I'm also curious if anyone has ever read anything, or heard from Mr. Mann? If I remember correctly, he's the only $ENDV employee. Be nice to hear from another $ENDV representative.
I think most of your comments are valid, but I think we have to step back a bit. If the current pre-trial is going poorly, or not at all, why bother announcing new ones? Remember, Collier and Mann are not getting salaries anymore, only stock. If they were getting salary I could see they'd have an incentive to string this out as long as possible. But they're getting stock, that's worth less every day. If it's all a waste of time, why do they bother? I'm encouraged by that.
I have pointed out in the past that I wish Mann wasn't the only insider buying. And I question the manner in which the purchases are being made. He could buy his 10k or 20k a day all in one block without affecting the share price. But whatever. I'd love to see someone else at $ENDV buying and displaying the same confidence that Mr. Collier wants us investors to have.
I've always thought there were some sketchy things about this company, and I have shared a few thoughts on this. BUT..I still have most of my position. Even a blind squirrel can find an acorn on occasion. I think the reward is worth the risks and I'm willing to wait it out. It's the arrogance of some posters that bothers me.
Typical message board behavior. There are some "experts" who claim to know the markets, or the technology, or the company etc. They tell you the technology is going to change the face of medicine, they pull ridiculous price targets out of their butts, the company is going to be bought out in a period of months, or whatever, and they act like they're smarter than everyone else. If you post anything that interrupts that narrative, you're called a basher, a flipper, a so called investor, you should sell and move on, and in general just shouted down. And then when it all hits the fan, they just disappear, or say "Well yes, but there was no way anyone could have anticipated that happening". For those newbies here that fell for that Rah Rah bs, I hope it wasn't an expensive lesson learned.
Rant over.
Didn't you post yesterday that you had talked to someone credible at the company and you believed we'd be getting great news within a couple of weeks? Did today's press release change that? If not, why wouldn't you buy a ton now instead of waiting for a lower price that may never materialize? And if something changed in the space of one day, why would give these guys any credence at all? Not being sarcastic, I just don't understand your quick change of heart.
I think there's just no reason to buy right now, so MMs drop the bid and sellers get screwed. I'm glad for the press release this morning, but it was long overdue. We should have been told weeks ago that the trial news was not coming this week. I don't know where the price floor is, but if Collier wants to support the price (and he may not care) he needs to create some buzz. Otherwise the price is going to continue to erode.
I'm as big a skeptic as anyone here, but with the right PR campaign I think we could see another run in price (maybe not sustainable) before any results are released. An article or two on Seeking Alpha, or Motley Fool, might do wonders.
Hope you're right, but Biotech seems very experienced in these kind of things. Also, I've always felt that "price is truth" and that the price action of the last few weeks was telling us that good news was not imminent. Today's price action is confirming that again, IMO.
I think it was Biotech who said results might not come until Q4. I understand what Mr. Collier was saying about being once bitten, but if results were close to being released I think we would have gotten more of a sense of that. I'm afraid Biotech is correct.
I posted a while back that the company should have the results by now, and if so should release them and if they stay silent they're probably going to miss the deadline they gave us. I think investors are guessing it's the latter and responding accordingly.
I'm opening up a Kool-Aid stand!
So if management is reading this board, or posting on this board, or reassuring investors in private conversations, wouldn't it be helpful to inform ALL investors in a public way? Telling us to be patient isn't good enough. Yes, biotechnology plays can take a long time to play out, but there should be progress along the way. What progress do we KNOW that has been achieved here? One pre-clinical trial, that may or may not have been completed, the results of which may or may not be announced soon? After how many years? If we get good news announced this week, I'll be glad to post publicly that I'm a dumazz and should have listened to all the smart people here, but until then I'm a skeptic.
I am curious about your use of the term "so called" investors. If a stock drops to near zero because the company loses credibility by not following through on what it has told investors, should investors ride the stock all the way down to nothing? What does $ENDV own that has proven value other than their credibility? I've read several posts that suggest investors should hold even if no news past the end of Q2, even into Q4, and keep buying into the 2's, and then the 1's, etc. To me that's catching a falling knife. I need some kind of proof that $ENDV has the goods, before buying more.
Thanks for the response. For the record, I've worked over 4 decades in financial services and the securities industry. I like to think that I have half a brain (at least LOL) but I've made my share of mistakes. As you said in a later post, management should make every thing crystal clear to those of us who don't seem to have the inside scoop on what's going on. You may not think much of Reg FD, but I'm not keen on a company not releasing material information to the public. And if information is being put out on a message board, that doesn't count. We were told that we'd have the trial information in Q2. That ends in 3 days. Surely the company knows by now whether they'll meet that deadline. Since we haven't heard to the contrary, I'm expecting to get news this week. Let's see.
I can't respond to PMs, but that's a question I've asked myself a couple of times. If you have a theory, please share.
You said "An interesting thing I learned is that management is getting very irritated at some shareholders over threatening emails and calls".
I say "Boo hoo". Management put out that PR about uplisting, and I know I'm not the only one who knew that wasn't realistic. Were they just pumping, or do they not really have a handle on things? You said yourself these thing take time. What were they thinking?
Also, you shared some interesting things you learned from talking with management, as have other posters, which seem to me to possibly violate the terms of Reg FD. If they are willing to share details in one-on-one conversations, maybe they should put that information out to all investors. It would solve a lot of problems, including some of the share price manipulation. For example, IF the trial data is not going to be released this week, investors should be told ahead of time.
You do realize the MMs almost never show the true amount they have to buy and/or sell?
IF that's the case, they should just issue a brief press release with that information. That wouldn't be the end of the world, but as I posted once before, their credibility is their only proven asset at this time, and they need to preserve it until we have something tangible to announce.
I expect pressure on the stock price through next week. Next Friday is the end of Q2. This isn't a reality tv show where $ENDV wants to build suspense up to the last episode. Either they don't have the results ready for the current trial, or the results are not favorable. Since I imagine they are running on fumes financially, it better be the former. And I don't buy the argument that so what if they miss the June 30 deadline by a few weeks. This is a high risk/high reward investment, and the stock is going to be punished if management doesn't come across as credible.
Thank you kind sir <smile>. Here's my deleted post, sanitized.
It's difficult not to get discouraged. We are days away (supposedly) from news that according to some will change the face of medicine, propel the stock to multiple dollars, cause us to be bought out in months, etc. And yet there's no buying interest? And I don't agree with those who think it's just people playing games so that they can buy cheaper. 4 cents is pretty cheap. If you thought that the stock was on the verge of something big, would you sit on the sidelines trying to buy at 3 cents instead of 4 cents and risk missing out entirely? It doesn't add up. Maybe I'm just paranoid after just watching the Madoff movie. C'mon $ENDV, give us some good news!
Interesting that my post was deleted. I agree that it probably doesn't make sense to sell now, but I stand by my post.