Ensysce Biosciences Inc (ENSC)

[Shift-4]

Not expecting any corporate updates until after the shortened July 4 week, but we are entering the zone when anticipation runs and Form 4s are on the table.

It's possible we could see PRs or financing 8-ks as early as July 1 or 2, but it'd be slightly preferable that they hold off until the 8th, imo.

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[BeeHaus2]

Thanks for the info.
I added to my position recently.

[Termite7]

So you're saying, a 300-bagger?!? GREAT!!!

[Shift-4]

The implications of this stock are ridiculous fundamentally speaking, but what has me intrigued is the expiration of the financing restrictions established by GEM Bahamas as a condition of Ensysce's RM with (formerly) LACQ.

The three-year terms of the financing restrictions were established in late December of 2020, but their effective date was July, 2021. It established a revolving line-of-credit with GEM, whereby the company could access up to $60M of capital by issuing shares at 90% of a preceding interval price to GEM Bahamas. This gives GEM a vested interest in shorting the stock relentlessly to ensure that any conversion would result in maximum share allocation (to them) and maximum dilution (to shareholders). The embedded restrictions severely hampered ENSC's ability to secure alternative financing.

The company has run a razor-lean operation to avoid tapping this line of credit, and has been unable to consider other financing offers while the contract is in effect. GEM has rather obviously been running a ruthless naked shorting operation to ensure that any redemption earns them maximum future profit. The July expiration of this arrangement means no more need for either, and I expected the market rebound to begin in anticipation of this. It appears to have begun; I believe it will continue. And I think the company is going to have a lot to reveal to shareholders about what they've been arranging for when the financial handcuffs come off.

There are a large number of significant developments this company could announce which would positively impact the share price. But this key issue is, I believe, the explanation for both the historic devaluation of the stock to truly absurd levels, and also why no previous runs have been sustainable. Its ending marks a new beginning for ENSC, and in my opinion an historic run when the market re-adjusts.

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[BeeHaus2]

I have a small position here and thinking of adding more. What makes you so bullish?

[Shift-4]

Nailed it to the day. This play is going to make me a ++millionaire.

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[Shift-4]

In my opinion, this is the time of maximum future opportunity for minimum cost basis.

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[TimeFades]

Monster pump

[TheFinalCD]

$ENSC Ensysce Biosciences Announces Positive End of Phase 2 Meeting with FDA for PF614 to Treat Severe Pain
https://www.accesswire.com/viewarticle.aspx?id=829496

[Awl416]

Damn

[TimeFades]

In again

[TimeFades]

What’s next big man

[TimeFades]

Flipperooni

[TrendTrade2016]

2.09 FIRST TARGET WORKED...ALL OUT

[TrendTrade2016]

NEW TARGET IN/...2.29 WATCH AND LEARN

[TrendTrade2016]

BOOOM BOOOM...WHOS YA DADDY...2.09 HERE WE GO

[TrendTrade2016]

WATCH HOW THE MASTER NAVIGATES THIS TRADE

[TrendTrade2016]

ENSC...TNIN TO 2.00

[TrendTrade2016]

ENSC...BREAL 1.88...THEN 2.09

[TimeFades]

Overnight beaut

[TimeFades]

In

[TimeFades]

I’m tight stop

[TrendTrade2016]

TOO THICK AT 1.70

[TrendTrade2016]

ENSC....MONSTER BIO

[TrendTrade2016]

ENSC...HERE WE GO

[TrendTrade2016]

ENSC..LOOKS LIKE A MULTI DAY RUNNER

[TrendTrade2016]

ENSC...BIO RUNNER

[Invest-in-America]

ENSC: Why is price up??? (Because it's UP, right??? Don't ya just LOVE website articles like THAT???)

[Awl416]

Form RW - Registration Withdrawal Request

[BooDog]

Thinking their convertibles will hold this back for a bit. Getting ready to give away even more...

https://ih.advfn.com/stock-market/NASDAQ/ensysce-biosciences-ENSC/stock-news/92404486/form-pre-14a-other-preliminary-proxy-statements


Low of .81 yesterday. Dodged the drop on this but still keeping it on my list.

[Monksdream]

ENSC new 52 week low

[BooDog]

H&S, looks like this'll be under the $. Keeping it on radar though.

[Monksdream]

ENSC new 52 week low

[Golden Cross]

Next $10 Bio runner by EOY

[BooDog]

1.80 high, so far. Like to see this fill the gap in the 1.40's. Liking the swings though for sure.

[BooDog]

Some decent swing action this morning.

[Backstabbed]

Hmmm… since you are here, I believe that something may come out of it

[BooDog]

High 1.53. $ENSC

[BooDog]

Wasn't even on my list. Nice Monk!

[Monksdream]

Bought TPST last night at 48 cents
ENSC is nothing

[BooDog]

This needs the volume to really do anything. Getting some pincher indicators, and if any volume does start coming in the float is smal enough to let it rip.

Roll of the dice right now imo.

[Monksdream]

ENSC new 52 week low

[Monksdream]

ENSC under $2

[twitchy]

What a blood bath! This POS is by far the worst stock I've ever bought… and I play the OTC! Go ENSC - just need it to hit $317 to break even.

[Monksdream]

ENSC new 52 week low

[trendzone]

Sooner later if some big news hits the wires, there is going to be a bloodbath of shorts lying in a ditch on the side of the road, covered in so much of each other's blood, that it will be seen from space as a big red dot.

[trendzone]

There is some very corrupted hedge funds involved with the manipulation trading activity in this stock, like the example in the warrants every time there is a big buyer of them like today at $0.015 some little moron sells like one warrant back on the bid, like a little spiteful 12 year old kid, it's gotten to the point that a group of investors have contacted the SEC to request an open investigation for any noticeable stock manipulation, and were told they will monitor it in the future for any that violations.

[BooDog]

rediculous float. https://finviz.com/quote.ashx?t=ENSC&p=d

Anything good happens here and what's left of the shorts will be toast. Offering was in the 3.80's.

Presentation coming up in Las Vegas.


Roll the dice baby!!

[Invest-in-America]

ENSC: Indeed, Sir --- and, up a little in the A.H. right now; as @VINE goes down the proverbial toilet in the A.H. (NOT to disparage those who scored huge today over on THAT one.)

[trendzone]

Shorters will have more pain ahead, better start start loading the warrants as an hedge for when it blast through $3.00 and keeps gasping higher.