I do not know how any ENDV investor thinks Taiwan FDA approval is good for Endonovo.
Endonovo can be selling SofPulse device here in the United States, but it has no sales. It has no sales in a Country (United States) that they supposedly know how to do business in.
Why in the world would the Taiwan medical community use the device?
I will go one step further, the device wasn't sold by IVIVI, the device wasn't sold by ADM and the device hasn't sold with all the years Endonovo has had it.
Maybe the device simply sucks. Endonovo over the years has had multiple distributors and distribution agreements, but yet no sales. I am sure those distributors have legitimate sales channels, BUT NO SALES. Endonovo claims to be in VA hospitals, but yet np sales. Endonova gave the HFL the device, but yet no sales.
Maybe the device has no real value given that many companies have tried to make a go-of-it. Not to mention that Endonovo has tried everything to make a go of it, yet no sales.
Maybe they have a product that either sucks, or has no legitimate value.
Taking all of that into consideration, Alan Collier probably knows there is no value to the device, but he has used the capital markets to raise money and pay himself a salary as well as I am sure reimbursements for many things from travel, to meals to cars, insurance, and so on and so on.
The real question now is can he raise any more money through those convertible notes, or will he have to go out and get a job. ENDV liquidity has gone down that it would be difficult to impossible to raise money through convertible notes. Not to mention that Endonovo $23 million in debt which included $7 million in outstanding convertible notes and $4 million in interest that is due from past convertible notes. I am guessing that those convertible note holders want to get paid so no one is going to give him any more notes and he is so delinquent on his accounts payable that he must be facing many lawsuits.
I can not see any scenario that he would be able to raise a single penny.
Unless he has saved money, he will need to go out and get a job. What will he write on the job application that he has done for the past 10 years and where would he be applying to?
I can not imagine any medical business will hire him.
I can not imagine any financial firm would hire him.
Does he go to a retailer like Home Depot to take any job they have open.
I think there should be a website dedicated to the trials and tribulations of Alan Collier.
TRIALS - Criminals trials would be interested - the guy once issued a press release that Endonovo was going to do over $300 million in revenue. That was so misleading that it justifies criminal pursuit.
TRIBULATIONS - Most misleading dishonest CEO's get caught and when the go before a sentencing judge they cry and beg for mercy and claim they were wrongfully advised and blah, blah, blah. They claim to suffering and they didn't know better at the time and blah, blah blah.
What will be Collier's trials and tribulations given his misleading press releases, years of utter and complete failure, but successful in raising $40 million as a result of those misleading press releases.
YEAH- SALES IN TAIWAN ARE GOING GOING TO BE WONDERFUL !!!!
