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Monday, December 04, 2023 11:42:26 AM
The transaction is essentially an arms-length transaction designed to benefit Collier and his cronies as well as pay off the debt holders.
Notice they still don't have a valuation from their third-party, Ocean Tomo, that was to be completed in the first quarter. I suspect that the valuation was nowhere near $50 million so they now are shopping around for someone to basically rubber stamp their own made up valuation.
They have no revenue besides the revenue they generated when their former President bought $300k in devices using a company he formed. It is not directly mentioned but it is alluded to in the filings. This is borderline fraud because it is not a real customer but rather an insider looking to manipulate shareholders into thinking the company has a legit business.
Collier and his cronies have personally enriched themselves via stock options and stock grants and stand to reap all the benefits of this proposed transaction meanwhile they have driven the company into the ground. The stock has lost 99.9% of its value in the last 5 years.
This press release has one simply goal - PUMP THE STOCK so that they can sell shares to pay for their quarterly filings and annual filing coming up. Looking at the trading volume today it has accomplished its goal.
Recent ENDV News
- Form 15-12G - Securities registration termination [Section 12(g)] • Edgar (US Regulatory) • 02/02/2024 10:23:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/03/2024 10:30:14 PM
- Form 10-Q/A - Quarterly report [Sections 13 or 15(d)]: [Amend] • Edgar (US Regulatory) • 12/29/2023 08:20:36 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/04/2023 02:08:41 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/15/2023 05:21:48 PM
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- Form 1-A/A - Offering Statement [Regulation A]: [Amend] • Edgar (US Regulatory) • 08/25/2023 11:04:33 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/21/2023 09:16:04 PM
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