Replies to post #33085 on Endonovo Therapeutics Inc (ENDV)

[Biotech_Tradez]

Its been over 1 year since they announced a "definitive agreement" to buy that concrete company.

From the press release dated 9/27/22

Closing of the transaction is estimated to be by December 15, 2022. The proposed acquisition has been approved by the both the Board of Directors of Endonovo and Western Star’s owner.

It is clear now that this transaction is not happening and will be simply swept under the rug probably buried amongst other bad news in the 10K. There is simply no way that the idiots running ENDV can raise the money to acquire this company and I doubt the owners of the concrete company would be stupid enough to take a bunch of worthless stock that could double as toilet paper.

Also, the "valuation report" for the PEMF assets is now over 6 months late.

From the press release dated 1/31/23

Ocean Tomo’s analysis is expected to be completed in the first quarter of 2023. Once the proposed spin-off is fully structured and the necessary agreements are completed, Endonovo will prepare the appropriate filings with the SEC and provide information to shareholders.

It is clear that Ocean Tomo refuses to give Collier the phony valuation in excess of $75 million that he claims he got back in 2018. Or maybe Collier cannot pay them so they will not release it. Probably both to be honest. Collier looks to be just another scam artist moving from scam and scheme to scam and scheme and in the process screwing over every investor he takes money from. I hope the company is thrown into BK soon and gets bought by someone actually interested in bringing the technology to market.