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Posts | 1611 |
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Alias Born | 03/21/2017 |
Wednesday, October 17, 2018 11:32:09 PM
Most of the stocks that this group has been pumping have lost a lot of their gains like Delcath (DCTH), which obviously hired this group to pump its stock before doing a dilutive financing. They pumped it from $2 to $10 and now it is at $0.60. Not sure if that was even legal, but their board is not happy and talking about lawsuits.
I have about 200k free shares and will wait to see what happens before deciding about jumping back in. This management team has really burned a lot of people out of money. These articles will only keep the stock from going back down to $0.02 as the toxic financing keeps converting and dumping on the bids.
There are issues which they do not want to address like whether or not they have paid off the remaining $1m owed to the ex-CEO of RGN for the technology, which was due in one year. That note has a lien on the assets and if they do not pay it off the assets go back to the CEO of RGN. It does not look like they have the money because there are no filings on raising cash so who knows. I do know that the toxic financier has a clause preventing them from raising any convertible financing or dilutive financing so they will have to get the money from him.
As you can tell I am not a happy camper with this company. I think they really need to get out of their own way and just sell the company because this technology is too good not to reach the market.
Recent ENDV News
- Form 15-12G - Securities registration termination [Section 12(g)] • Edgar (US Regulatory) • 02/02/2024 10:23:02 PM
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- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/21/2023 09:16:04 PM
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