Inventergy Global, Inc. (fka INVT)

[TennisStar]

An update and PR would be fantastic and even if not completely positive, it would likely do wonders for the stock price as investors have been starved for updates for quite some time. I’m not even sure they could put out PR if they wanted to as Inventergy’s status with California Secretary of State is still “FTB FORFEITED” and I believe that limits their ability to operate until they regain good standing. I haven’t checked in a few months but they were also delinquent with Delaware Secretary of State. This was discussed many months back that based on what’s available on the State of California website and other sites, it appears the California SOS and/or FTB has revoked Inventergy’s ability to operate in California as a foreign corporation (Delaware) and as long as they remain in that status their ability to conduct business is extremely limited. Some on this forum suggested this was a legal tactic by Inventergy to assist in their suit against Apple by showing further corporate impairment. I’ve never subscribed to that theory but I continue to hold my INVT shares with hope things will turn around, a settlement will be announced and a plan and shareholder update will ultimately be put out.

https://businesssearch.sos.ca.gov/

https://www.ftb.ca.gov/help/business/my-business-is-suspended.html

https://www.jdsupra.com/legalnews/canceled-suspended-forfeited-what-s-the-75525/