Endonovo Therapeutics Inc (ENDV)

[Biotech_Tradez]

They had ZERO revenue in Q3 and Negative $330 in Cash.

The numbers are for the nine months ending September 30. If you compare the numbers from the last report they are the same for both revenue and COGS.

Period ending 6/30 Revenue: $10,043 and COGS: $6,709 Gross Profit: $3,335

Period ending 9/30 Revenue: $10,043 and COGS: $6,709 Gross Profit: $3,335 EXACTLY THE SAME NUMBERS WHIICH MEANS NO REVENUE! They did not sell a single contraption in the last 3 months.

ENDV has virtually no assets and nearly $20 million in very real liabilities. Furthermore, their contraption has not been shown to be effective in large double-blind randomized and controlled clinical trials necessary to receive reimbursement and/or justify the cost in surgery.

It has been two years since they announced their proposed spin off yet no real progress has been made. My guess is that their new guy Ira cannot get the financing to take this POS into a NASDAQ company. This company's only avenue is bankruptcy court to rid itself or fundamentally restructure its debt. The company cannot repay $7 million in debt along with another $5.6 million in accrued interest no matter what financing scheme they purport to have brewed up. It is difficult to see what value they got for $7 million in debt they put on the company besides Collier paying himself and his cronies bloated salaries. You could build a very successful company with that amount and yet these idiots have only every driven down the value of the company and its assets.