Replies to post #2689 on Inventergy Global, Inc. (fka INVT)

[TennisStar]

JackieAdams based on direct communication with my brokerage, what you posted is not completely accurate.

1) SEC Rule 15c2-11 goes into effect on September 28, 2021 not in August.

2) Beginning in late August, non-compliance with Rule 15c2-11 means no new buy orders.

3) After September 28, 2021, non-compliance with Rule 15c2-11 means no guarantee shareholders will be able to sell shares.

4) To quote you regarding non-reporting of prior SEC filings:
“After the move to the Pink Sheets they no longer owe you or the SEC any documents or filings. Probably a good move since the CFO left the company on 5-4-2018. Beyers assumed the role of interim CFO on 5-9-2018. REPEAT.... there are no SEC filing requirements as they are now trading on the Pink Sheets.”

Clearly you and Inventergy couldn’t know of a future and yet unpublished SEC reporting rule change. To be clear I am not accusing Inventergy of any wrong doing in any way, just highlighting that going communications dark may have seemed like a good strategy 2-3yrs ago, but given the rule changes this could now cause unintended negative consequence to shareholders in a post SEC Rule 15c2-11 world.

5) Quote from my brokerage:
“Ahead of the regulatory enforcement date, we will only accept orders to liquidate positions (i.e. no new buy orders) starting in late August 2021. Please note: After the amendment officially goes into effect on September 28, 2021 it may be more difficult to liquidate these securities.”

6) Long INVT, I don’t intend to sell, and I wholeheartedly support INVT in suit against Apple.

https://www.sec.gov/news/press-release/2020-212

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152157774

[Avidfisher]

Jackie, you're a good voice of reason. I usually agree with everything you say, and that's rare for me. I also agree with your assertion that the rules state August being the deadline and September being implementation regarding the new rule.

[fatcat2]

"Today, the lawsuit is not over and the proceedings are sealed. This means they cannot disclose details about the case and any settlement".

I heard a similar argument with SECI. Luckily I got out bet. $75 to $100 before the details came out from the CEO. GL!