Inventergy Global, Inc. (fka INVT)

[TennisStar]

Thank you for sharing that SEC Administrative Hearing filing, Renee. I was recently going through some old filings looking for clues for what’s going on with INVT and had forgotten that back in 2018 INVT had entered into debt financing with TCA Global. I googled TCA Global and found that the SEC filed a complaint against TCA:

“violating the antifraud provisions of the federal securities laws, and seeks permanent injunctions, disgorgement of allegedly ill-gotten gains with prejudgment interest, and financial penalties. The court yesterday granted the SEC’s request to appoint Jonathan E. Perlman as receiver over the TCA, TCA-GP, and the TCA funds.”

I then looked at the TCA Fund Receivership and it lists Inventergy as the following:

Inventergy Global Inc.
Loan Origination: Loan Principal: Loan Interest: Fees w/ Interest: Total Outstanding: Status:
December 2017
$2,326,418
$1,121,333
$8,784,388
$12,232,139
Non-Responsive and Not Paying
The borrower is an intellectual property and patent litigation company located in California. The loan is in default as of April 29, 2018 and the last payment was made on May 28, 2018. A settlement agreement was entered into in November 2018, pursuant to which borrower was to obtain other financing by February 28, 2019, in the amount of at least $1 million. Pursuant
27

Case 1:20-cv-21964-CMA Document 70 Entered on FLSD Docket 11/05/2020 Page 31 of 70
CASE NO. 20-CIV-21964-CMA
to the settlement agreement, the Master Fund and the other lender would then enter into an inter- creditor agreement, and the Master Fund would receive $200,000 at closing. The borrower did not obtain financing pursuant to the terms of the settlement agreement, and at this time, no inter- creditor agreement exists. Additionally, no payments have been made to the Master Fund for over two years. DSI has attempted to contact the guarantor, however, the guarantor has not been responsive to multiple attempts.

https://www.tcafundreceivership.com/docs/DE070RecSecondQStatRep.pdf

https://www.sec.gov/news/press-release/2020-110

If anyone has insight on what this all means for us shareholders, I would love to hear your thoughts and opinions. Thanks.