A $45 Million Company Worth $0: Endeavor IP, Inc.

| About: Endeavor IP, (ENIP)

Endeavor IP, Inc. (OTCQB:ENIP) is a name that I believe is currently the target of a penny-stock promotion scheme. It is my view that the stock's intrinsic value is somewhere near $0, and it is with conviction that I recommend that any investors currently in the name sell the entirety of their stakes immediately. I also believe that Endeavor IP, Inc. is a stock definitely worth shorting. My track record of identifying and publicly exposing such highly overvalued equities is excellent:


Date of Publication

Price at Publication

Following Low

Percent Drop


June 28, 2013





April 26, 2013


$0.15 (did hit $25 in an incredible short squeeze)



July 23, 2013





Feb 25, 2013




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Company Background

Endeavor IP, Inc. is an intellectual property services and patent licensing company that is engaged in the acquisition and licensing of intellectual property. Endeavor is based in Half Moon Bay, CA.http://www.enip.com.

Little Revenue. Debts. Bright Future?

As is usually the case with these types of hyped up scams, it takes only one quick glance at the balance sheet to realize that the $45M+ market capitalization that this equity commands is beyond ludicrous. With 100k in unaudited revenues in the most recent quarter and $450,000 in cash on hand. Net loss of $262,292 in recent quarter is clear they are not going in the right direction. They really can't keep operating like they are and it is my suspicion that the purpose of this company is not to succeed but to sell stock. The recent volume is due to overly bullish promotional mailers being delivered to people's homes.

Endeavor IP, Inc. follows the typical pattern most shells do that end up getting promoted.

#1) Business taken public with no revenues.

#2) Seed shareholders given shares for next to nothing

#3) Change in control

#4) Name and symbol change

#5) Forward split while all the shares were insider owned

Let's focus on what's important if you go through it all you come to a final share count reads as follows.

Authorized 200,000,000 shares

Outstanding 42,800,002 shares

Cameron Gray 133,334 shares

Solud Solar Energy Inc. 666,666 shares

Seed Shareholders 42,000,000 free trading shares at $.0007 per share

The most important thing are those nearly 42 million free trading shares. Most companies that end up being promoted usually tend to have little to no trading history. Endeavor IP, Inc. is the same. Those seed shareholders cannot turn their shares into cash unless there are buyers. This is where they turn to stock promoters. Stock promoters get paid to send out overly bullish professional type mailers/emails to retail investors to lure them in. Let me show you what I mean:

Picture of ENIP chart

You can see that trading in Endeavor IP, Inc. really started on October 16, 2013. Michael Goode blogged about a Endeavor IP, Inc. landing page that went up on the same exact date. Coincidence? Absolutely not.

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"Compensation: A one million dollar investor relations budget is being managed by C America Marketing."

You can see obviously someone is interested in increasing public awareness for Endeavor IP, Inc. Most likely those seed shareholders with about 42 million free trading shares (who knows who owns what). Why else would someone spend $1,000,000 to increase public awareness? It is worth it to them because if they can bring in buyers and liquidate their shares around these prices that can mean about $40 million in profits! Running pump and dump schemes is a lucrative business and that is why we see it way to often. My job is to wake you up! This is not the first Financier Times first promotion either!

Promoter History


Promotion High

Low Since

Percentage Drop













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$NHUR-Northumberland Resources, Inc

Disclosed budget: $3,000,000

Shares outstanding: 62,449,003

Promotion High: $1.81

Market capitalization at high: $113 million

Percent Drop 95%

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SANB Sanborn Resources, Ltd.

Disclosed budget: $3,000,000

Shares outstanding: 40,250,000

Promotion High: $.785

Market capitalization at high: $31,596,250

Percent Drop 96%

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ENIP Endeavor IP, Inc.

Disclosed budget: $1,000,000

Shares outstanding: 42,800,002

Promotion High: $1.28

Market capitalization at high: $54,784,002

Percent Drop 96%

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Email Promotions

If you sign up to BillionaireStocks you will notice they promote the same stocks as the financier times. I believe its the same people. I have not received ENIP emails from them yet but they tend to start sending emails mid way through the promotion so be on the look out for that.

You can see the emails I have received from them below.

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SANB email disclaimer

Click to enlargeNHUR email disclaimer

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I believe they will promote Endeavor IP, Inc. next.

My Recommendation

I believe Endeavor IP, Inc will act like the past two Financier Times stock promotions. If you own shares of this company, GET OUT NOW. Do not hope that you can hang on to sell them to a greater fool. These shares are worthless. I have showed you that the reason for the promotional mailers indicates that the individuals behind this stock scam are trying desperately to unload their worthless shares onto the unsuspecting public and book a huge profit before the inevitable collapse. If you are a more sophisticated investor and can get a borrow on these shares, then I believe that shorting this name will be highly lucrative for you.

Remember I warned you. Good Luck.

I contacted them through their contact page. I have yet to receive a response regarding my concerns that Endeavor IP, Inc may have been set up purporsely to sell stock to enrich a few people.

Disclosure: I am short OTCQB:OTCPK:ENIP. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.