Endonovo Therapeutics Inc (ENDV)

[John_Vallay]

unfortunately the money you gave to endonovo was a loan backed by a convertible note. if they do not have the money then they can not pay you back. you have no recourse at this point other than to get your convertible note converted to common stock and then you sell the stock, for whatever you can get for it because there is no trading and the price will drop when someone tries to sell $50,000 worth of stock.

i do not know if they committed fraud because you lent them the money, the only fraud you can claim is if you have something in writing that was false or misleading. that is a slippery slope because usually convertible notes have some form of a disclaimer to protect the company.

as for the sec they can not get involved unless there is glaring fraud. collier and his team probably sold you something that you believed with their words, but unless you have something guaranteed in writing then there is not much of a lawsuit.

collier as well as many CEO's do this to unsophisticated investors.

the only recourse you may have is if you are an unaccredited investor. i think you must be an accredited investor to have entered into a convertible note of this nature with a public company. this one mere little oversight on collier's part can be the only saving grace for you, but even that may not matter because endonovo has $24 million in debt and i am thinking there are many debt holders well before you that have the right to any money or repayment.

i dont mean this post to make you feel bad, but facts are the facts and the number 1 fact is that endonovo has no money to pay back their convertible note holders and their shares are worthless

you can try to go after collier personally but i dont know on what basis a lawsuit would benefit you, because even if you were to win in court, endonovo has no money and they should have filed for bankruptcy many years ago