One big scam
The publicly traded company that is now known as Endexx Corp (OTCMKTS:EDXC) is called PenaMed Corp. and it would appear that some people are not too happy with them. There was a complaint filed with the SEC according to which PanaMed’s officers have issued some misleading press releases that made quite a lot of people invest in the company’s stock. Then, the next annual report was never filed which enraged the investors and made them lose money. The documents show that the allegations turned out to be founded (at least that’s what the court thinks) in the end and PanaMed were forced to pay some civil penalties.
But let’s not get too carried away with the history lessons. That was quite a while ago, PanaMed is no more and the only thing connecting it with the current Endexx is the fact that the two company’s offices are located in the same quiet town of Cave Creek, Arizona. SEC filings from years gone by show that PanaMed actually featured a real address on their documents, while Endexx prefer to go by anonymous P. O. boxes[img][/img], but we already talked about that in our previous article.
We also mentioned that we were rather confused by their newest and, supposedly, very exciting project – the m3Hub. We gathered from the press releases that it’s supposed to have something to do with the medical marijuana industry, but after spending quite a lot of time clicking all the links on the website, we could fathom nothing.
Luckily, a website called Small Cap Voice (SCV) were on hand to help us. On May 9 they issued a press release in which they said that they have made an interview with EDXC‘s CEO, Mr. Todd Davis. We wondered for a little why would SCV choose EDXC of all the companies out there, and a few clicks on their website revealed the answer – they have been paid to do so.
When we heard that name we kind of squinted our eyes while trying to find out if that was the same Todd Davis, who was involved in the LifeLock. Fear not, we are not talking about the same guy. The information that we found out however, was disturbing. It turns out that the Todd Davis who is CEO of EDXC is the president of Rayne Forecast Inc, a company which is involved in direct consulting of CEO's and PR companies that want to improve their stock's price movement. This basically means that he can be called a "pump teacher". From there you can start making guesses on how honest their press releases are.
Before you make the decision be sure to do your due diligence and weigh out the risks, because after all the company is run by a man who knows how to manipulate stock prices and we can just guess if he is doing that with EDXC for his profit.
How about all of those applications that Todd claimed to have for the vending machines back at the beginning of the year. The ones seen stacked on his desk when a visit was paid to his "corporate headquarters" (a one room office in AZ too funny). These are actual facts not hyped up PR's that leas to nowhere. People look the company has not generated a nickel but research the unaudited Financial and you will see the CEO has been paid for nothing. Check out past history. this is the only true DD of the company. Still looking for the 100 pre-sales vapes. Just being real. it is how DD should be done.
Quote "Todd has a long game"
EVERYONE KNOWS A GREAT SHORT GAME IS WHAT WINS THE GAME
THE COMPETITION KNOWS THIS AND HAS ACTED ON IT IN A VERY SHORT PERIOD OF TIME BY AQUIRING ALL THE TOOLS NESSESSARY FROM SEED TO SALE
EDXC 1 MACHINE THAT DOES NOT COMPLY -- ENOUGH SAID
