Enzolytics Inc (ENZC)

[foxi]

I think you were onto something with the float increasing in tandem to the price declining as people and maybe ENZC were probably dumping Unrestricted shares into the market.

But now these are the numbers:

Authorized Shares
3,000,000,000
04/11/2022

Outstanding Shares
2,830,435,953
04/11/2022

Restricted
483,789,585
04/11/2022

Unrestricted
2,346,646,368
04/11/2022

Float
2,313,596,368
03/31/2022

(source)

The difference between Float and Unrestricted is only 33,050,000 shares. Worth $1,900,375 at yesterday's closing price.

The difference between Outstanding and Authorized is 169,564,047 shares. Worth $9,749,932 at yesterday's closing price.

There's virtually no room to increase float from here without moving shares from Restricted to Unrestricted. ie Nearly all Unrestricted are already in the float. There's not a ton of room to dilute by creating new shares from thin air and adding them to Outstanding. Everyone who cares at all is watching like a hawk for new dilution. Plus there's not much cash value in dumping shares, currently.

Curious to see what happens next! And I have no idea who's still selling -- but am currently assuming it's ENZC unloading the last of 32.5 Million it diluted around end of March 2022, perhaps to raise operating cash.