From my post warning investors:
BUYER BEWARE A LIST OF ENDV LIES BELOW:
ENDV has a long history of making false and misleading statements to line the pockets of the CEO and his convertible note lenders. While stealing retail investors money to the tune of 99.9% he has managed to not lose a single cent of his equity.
In fact Endonovo Chairman and CEO Alan Collier gave himself a bunch of stock options after:
1.) projecting $540 million in pro forma revenue in year 2 including $2.4 million in projected 2019 revenue (this was pre-covid so what's the excuse?). The actual revenue for 2019 was $310k and all was direct sales to plastic surgeons not a single hospital order like the phony sales and marketing plan they put out in an 8K to pump the stock a copy of which is available here: Marketing Plan with Sales Projections
2.) telling investors that they would not be conducting a reverse stock split and then splitting the stock 1-for-1,000 and subsequently adding another 270,000,000 shares after the split. Should I bother with the math to detail the level of dilution? Let's see from 927 million shares at the end of 2019 to 927 thousand shares after the split to now 270 million shares....
3.) suing other pemf companies including Bioelectronics Corp and losing, in one case their lawsuit was so terrible that they had to offer to pay their infringer's legal fees and sign a settlement to never sue again thus rendering their pemf patents useless.
4.) Constantly signing financing agreements for $5 million or more yet never able to actually secure a dime besides convertible notes, one such example is their Regulation A+ press release with Dalmore Group available here: Endonovo Therapeutics Inc. (ENDV) Announces it has filed a Regulation A+ Financing & Retained Dalmore Group to Provide Operations & Compliance. The guys on this board remember my heated arguments with the ENDV cheerleaders that showed up to pump the stock without knowing a damn thing about financing companies since they had never worked on the street in their lives.
5.) Constantly releasing Press Releases with lies and misrepresentations to increase liquidity in their stock. An example is touting their contraption as a solution to the "opioid epidemic" which is false because the contraption treats certain types of pain not addiction. Once addicted to opioids SofPulse does not do a damn thing to treat addiction. Furthermore, as I stated previously in my Due Diligence, the primary source of opioid addictions is people stealing pain pills from a parent or relative, and the actual occurrence of addiction from being prescribed opioids following surgery is only around 5-6%.
Yet ENDV continued to put out these PRs: Endonovo Therapeutics’ Offers FDA Cleared Solution to Opioid Epidemic Which Has Significantly Increased During the COVID Pandemic. Opioid addiction increased during the pandemic because people started taking them for non-medical reasons just like alcoholism increased due to the pandemic, yet the ENDV contraption would sound ridiculous if it were stated to be a solution to Alcoholism.
6.) How about their attempted use of the National Football League to pump the stock? Remember this PR: Endonovo Therapeutics Provides SofPulse® To All NFL Teams
The gave away units to all NFL teams for evaluations and yet nothing from it, so it was either fake news, or the pemf devices were simply thrown in the trash by NFL players, or maybe they simply did not work....
7.) Lastly how about a keyword search for each time Collier has dangled the "Uplisting onto NASDAQ" carrot to justify a new dilutive financing that he cannot actually complete?
So what is the point of this long post?
Nothing Collier states can be taken serious when he has IMO committed securities fraud by making material misrepresentations about his sales and marketing plan with pro-forma projections that were obviously unattainable to any sane person. These material misrepresentations were then used to sell securities to investors. These material misrepresentations were then used market the stock in order to increase trading volume from retail investors to allow the convertible note holders to convert and dump shares onto the market. And lastly, these material misrepresentations caused economic harm onto those that bought stock following the news. Collier will blame COVID but he knew his plan would never work but he put it out anyway and used the resumes of the people he hired and covid to shield himself from liability.
BUT, that is now WATER UNDER THE BRIDGE according to the new cheerleaders looking for a new set of suckers. BUYER BEWARE!
