Interesting post on iHUB from Biotech_Tradz on the
Post# of 7805
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Posted On: 11/19/2019 3:10:47 PM
Interesting post on iHUB from Biotech_Tradz on the Endonovo board
"Update on infringement lawsuit against KVP International:
DEFENDANT KVPINTERNATIONAL, INC.’SOPPOSITION TO PLAINTIFF ENDONOVO’S MOTION TO DISMISS ALL CLAIMS WITHOUT PREJUDICE UNDER FED. R. CIV. P. 41(a)(2)
Looks like ENDV could not show infringement and is seeking to dismiss its claims against KVP without prejudice. However, KVP has counterclaims against ENDV which ENDV has not been able to dismiss.
I said that the attorney and the law firm they hired were mediocre at best. That combined with the fact that ENDV management are complete idiots means this is really bad news.
ENDV wants to dismiss without prejudice and wants to grant KVP a covenant not to sue. KVP would accept the motion to dismiss but it wants to render ENDV's patents invalid and not-infringed. They also want Attorneys fees and costs. They assert that a covenant to not sue by ENDV does not resolve the matter because it does not prevent ENDV from future lawsuits on new products or against suppliers and customers.
They have a mediation deadline by 1/27/20. So as of right now this lawsuit has been lost by ENDV the question is how bad is this loss going to be.
Best case scenario is that ENDV settles, grants KVP a covenant not to sue and pays their legal fees and costs.
Worst case scenario is that this goes to trial and the patents are rendered invalid and not-infringed and ENDV pays legal fees and costs.
The issue is that this now allows others to infringe on the technology, including BIEL and anyone in the future as they simply can use this defense.
IMHO ENDV Management needs to resign immediately. They are complete idiots incapable of doing anything with this technology.
They are complete frauds who are operating only in their own self-interest rather than for the interest of shareholders. They have a history of misleading investors with PRs and paid articles to pump the stock. Furthermore, they have continually dangled the carrot of a potential NASDAQ uplisting numerous times yet continue to raise toxic debt and dilute shareholders.
The SP has lost over 85% of its value in the last year and 95% in the last 3 years and now they intend to RS 1-1,000 to continue their dilution and give themselves another bite at the apple. What is clear is that they have to go and shareholders should really start contacting the SEC and FINRA about this penny stock scheme. "
"Update on infringement lawsuit against KVP International:
DEFENDANT KVPINTERNATIONAL, INC.’SOPPOSITION TO PLAINTIFF ENDONOVO’S MOTION TO DISMISS ALL CLAIMS WITHOUT PREJUDICE UNDER FED. R. CIV. P. 41(a)(2)
Looks like ENDV could not show infringement and is seeking to dismiss its claims against KVP without prejudice. However, KVP has counterclaims against ENDV which ENDV has not been able to dismiss.
I said that the attorney and the law firm they hired were mediocre at best. That combined with the fact that ENDV management are complete idiots means this is really bad news.
ENDV wants to dismiss without prejudice and wants to grant KVP a covenant not to sue. KVP would accept the motion to dismiss but it wants to render ENDV's patents invalid and not-infringed. They also want Attorneys fees and costs. They assert that a covenant to not sue by ENDV does not resolve the matter because it does not prevent ENDV from future lawsuits on new products or against suppliers and customers.
They have a mediation deadline by 1/27/20. So as of right now this lawsuit has been lost by ENDV the question is how bad is this loss going to be.
Best case scenario is that ENDV settles, grants KVP a covenant not to sue and pays their legal fees and costs.
Worst case scenario is that this goes to trial and the patents are rendered invalid and not-infringed and ENDV pays legal fees and costs.
The issue is that this now allows others to infringe on the technology, including BIEL and anyone in the future as they simply can use this defense.
IMHO ENDV Management needs to resign immediately. They are complete idiots incapable of doing anything with this technology.
They are complete frauds who are operating only in their own self-interest rather than for the interest of shareholders. They have a history of misleading investors with PRs and paid articles to pump the stock. Furthermore, they have continually dangled the carrot of a potential NASDAQ uplisting numerous times yet continue to raise toxic debt and dilute shareholders.
The SP has lost over 85% of its value in the last year and 95% in the last 3 years and now they intend to RS 1-1,000 to continue their dilution and give themselves another bite at the apple. What is clear is that they have to go and shareholders should really start contacting the SEC and FINRA about this penny stock scheme. "
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