{"id":7413,"date":"2015-11-06T16:02:04","date_gmt":"2015-11-06T16:02:04","guid":{"rendered":"\/?p=7413"},"modified":"2015-11-06T16:14:42","modified_gmt":"2015-11-06T16:14:42","slug":"endeavor-ip-inc-otcbbenip-marches-on","status":"publish","type":"post","link":"\/articles\/endeavor-ip-inc-otcbbenip-marches-on\/","title":{"rendered":"Endeavor IP Inc (OTCBB:ENIP) Marches On"},"content":{"rendered":"\n

Seven days ago, Endeavor IP Inc (OTCBB:ENIP<\/a>) was stuck in a loop between $0.0001 and $0.0002 per share and it seemed like there was nothing that could get it out of there. Things are quite a bit different at the moment, but before we get to that, we’ll try to explain how the ticker found itself scraping the absolute bottom of the chart. <\/p>\n

It all started two years ago when ENIP<\/a><\/strong> suddenly became the target of a $1 million promotion. Back then, the stock was traded at more than $1 per share and some people were saying that it could easily reach $3. Instead of doing that, ENIP<\/a><\/strong> experienced a few horrific crashes and it left quite a few people badly burned.<\/p>\n

Then, the pumpers abandoned ship and some investors reckon that, left to its own devices, ENIP<\/a><\/strong> will manage to stay afloat. They did have a reason to be optimistic. The company is what’s commonly referred to as a patent troll, but unlike the rest of the OTC enterprises following similar business plans, ENIP<\/a><\/strong> has actually managed to win some lawsuits and log some revenues.<\/p>\n

Despite this, the stock continued digging a hole in the ground and it once again brought tears to the eyes of many unfortunate people. There are two reasons for this.<\/p>\n

First, while ENIP<\/a><\/strong> is indeed generating revenues, its financial situation is far from ideal. Here, for example, is what the 10-Q for the period ended July 31 looks like:<\/p>\n