Endonovo Therapeutics Inc (ENDV)

[John_Vallay]

And to think I thought I have seen it all.

Collier once filed an 8K that announced proforma sales of $300 million.

Now he has concocted some scheme to spin out a new company and blah, blah, blah.

I guess he is at wits-end because he cant issue any more convertible notes to be able to pay himself a salary. If he doesn't try this spin-out scheme he may either have to file personal bankruptcy or even worse - GET A JOB.

He has been paying himself for the past decade by issuing convertible notes that were toxic, which as we all know drive the stock price down. But as stupid investors bought the shares the note holders were able to keep giving Collier more money in small tranches of $50,000 and those proceeds paid for Collier's salary, expense accounts, and everything else.

Because ENDV is completely diluted and $21 million in debt, Collier finds himself at the end of the cliff and unable to raise anymore money.

He can no longer live off of the unsophisticated retail investors that have been buying his stock so now a NEWCO comes into play and the carousel of issuing convertible notes can start up again and Collier can pay his personal bills and avoid creditors going after his house, cars, credit cards.