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Attorney letter tomorrow before close should get us to close in the .07-08 range imo, on anticipation of going current early next week. Vol still extremely light, but expect a big burst either right before or when current. Should be able to at least test .10 by end of next week.
Yeah MAGA I agree, the vol is just not there, if we would get a couple mil $$$ flow through quickly, this would jump pennys quickly.
Heading for the lowest $$$ traded in a day here since 11/19, so not much to see either way really until we get a catalyst or much more volume.
While I'm still confident here long-term, I see no reason to not put out a Tweet at a minimum, to inform investors where they are in the process of symbol/name change etc. They opened up their Twitter account at virtually the same time they put out that Aug 12 PR, so there is really no excuse imo to not say something by now, or definitely by the end of next week. Mr Bolster has probably had 100's or more emails from many investors over the past few months, and even Ben tried to reach out to no avail. Twitter is free and takes no time to put out a small Tweet/update.
Even though this is the Swamp,I'm still a little shocked at the sell-off because of the Yield sign going down and the Stop sign going up. These people dumping/getting out should probably not be invested here in the first place.....lol
Folks, this has nothing to do with ENZC really, and just the system with the OTC whether you have a Stop, Yield, or Current sign. Once you have a filing within the last 6 months, the OTC will review that and grant you a Yield sign. If your most recent quarterly filing is more than 6 months old, you go back to a Stop sign, simple as that. So, since our last quarterly filing was 2Q, which ended 6/30, and we are now into January, which is more than 6 months from that date, the OTC put back the Yield sign. In fact, the Yield sign will appear once again when the 3Q report hits, and then after the attorney letter we'll get Current status. This Yield sign stuff up/down should do nothing to the sp either way, and actually the Current sign won't probably do a lot either long-term unless we have a catalysts to go along with it. That's why the Current status is important, because most people believe Charles can then unleash some of the catalysts, knowing he's Current and has the biggest audience possible.
I think we see the 3Q filing by Wednesday and then the attorney letter by Friday. This puts us current by early next week, and we should see some kinda anticipation rise as we get closer to the end of the week. Volume still very soft at the moment.
Yes, that's exactly what will happen.
Even though we are green right now, I believe there will be a much bigger delayed reaction next week, and major FOMO will kick in as we go current. Tomorrow is New Year's Eve and this is always a light trading week, between Xmas and New Year's, so if this PR occurred next week we would have much much greater vol imo. Either way sit back and relax and enjoy the ride.....:)
Not sure but I think Charles waits until January and we are pink current to give us a massive corporate/shareholder update. I'm expecting the a 3Q supplemental report by Thursday however, and that should build sp momentum heading into the new year.
Usually 2-3 business days so either tomorrow or Wednesday at the latest. It will be short lived however if we don't get the 3Q report by Thursday, the Yield sign will be gone again next week. Not a big deal either way as will be current soon enough.
A Securities Attorney
No, that would be conflict of interest. Once we get the supplement and actual 3rd quarter report, the attorney letter will come fast, 2 days or less in my opinion.
That is correct, only need attorney letter to go pink current. As long as you have a filing within the last 6 months, you can have a yield sign.
Great day here at ENZC, but we are needing the catalysts to kick in so we can not only maintain the recent gains, but head much higher. Since the former investors have until Jan 15 to decide on which option to take, I'm wondering if Charles is holding off any major announcements as to not influence their decision one way or another. Just a thought.
OTC membership application takes about 2 weeks to be approved. Once approved, they can immediately start uploading delinquent filings and start to get current. Only real way to tell is if we see filings being posted or the companies gives us a PR. They were working on filings back in August, and said it should take a few months so they should be ready to go once the OTC application is approved. January should be exciting times for STHC shareholders....:)
Yes for sure, as of course we now know they have custodianship of the company officially. So that has built us a little higher base now in the .03's, and accumulation is looking great. There is an enormous amount of people/traders just waiting for Ameca to speak, that this thing will move super fast, especially because of the SS. Just think how well this has held up since August, with absolutely no communication from Ameca, and we are still at these levels coming all the way from trips prior to.
All this trading is really inconsequential unless your looking to enter or add to your existing shares. The moment Ameca and Mark Bolster speaks, it will double instantly imo at a minimum. So many shares are in strong hands right now and a very favorable share structure with only 369 million OS. When that will happen is anyone's guess, but I'm thinking sometime in early January.
I expect a violent reversal over the next 2-3 weeks, coupled with the note holder being done converting and upcoming catalysts, we should easily climb back to the .07-.10 range at a minimum. Tough to watch for most people, especially if your entry is much higher than current sp, but this will subside imo, just a matter of time and patience. Nothing has changed with the DD, no bad news has occurred, so just look at the current mc and ask yourself is $110-120 million about the low for what this company has to offer? I would say absolutely, and that's why we are at/nearing the bottom here.
Folks, Livingston Management can't have that many shares left to convert imo, based on the 2nd quarter supplemental filing we have....."As of March 31, 2020, 447,859,000 shares have been converted." out of 563 million.....As Timing alluded to, we will get a better idea when they release the 3rd quarter filing. We're almost there, basically one quarter to go to get current, this temporary pain in sp will pass, and it will actually be super beneficial to be done with this convertible note. If we are not current next week, I fully expect to be current between Jan 4-8, and hopefully a lot more information from Charles on a host of catalysts. My #1 in the very short term, because getting pink current is a given imo, is the NIH or NSF grant money. This will be a HUGE signal no matter how much we get. Charles said on October 22 we are close to getting a decision, so we could hear about this anytime.
Seen this before at a penny, seems that .06 is the news loading zone before this takes off again. Time is short before we become current along with other announcements from Cotropia.
Charles has been very quiet about funding from NIH or NSF since October 22, when he said they expected a decision soon. From my research into the NIH grants, ENZC basically has direct contact with the NIH every step of the way and can basically tell exactly where they are in the process. Not sure if the NIH had more questions, waiting to decide, or have already decided. Anyone else have any thoughts on the NIH or NSF grants? If we were denied the grant money, Charles would obviously not have to PR or say anything, although I think he probably would, since he has alluded to in past PR's we are moving forward with or without grant money.
No surprise we are down even further with the announcement of the actual 1st quarter report filed, very little time remaining now before stop sign drops, and mm know this. So if they need to cover they will be shaking the tree as hard as possible. Once stop sign is down or even before that and we get the attorney letter, I think vol will take over and make this trading your seeing now inconsequential.
Yeah not disagreeing, just giving general timelines. I think as we get closer to the end of the week, we will see a nice steady rise in sp in anticipation. Once attorney letter hits then I think we see a bigger bump. Very few shares being traded, tight range here the past 5-7 days, as the shakes seem to have less and less volatility.
Some attorney letters come out same day as last filing required to go current. But most I've seen are about 2-3 days after the latest filing. It's just really a guess at this point, but once attorney letter hits the OTC needs to review all the info which normally takes 2-4 business days.
Best guess estimate is we get the 2nd and 3rd quarter filings by Friday, and if we also get the attorney letter on the same day, we should be current right before Xmas. If the attorney letter comes early next week instead, we are looking at being current the week right after Xmas. Either way this thing looks to be wrapped up in about 2 weeks imo.
Yep I agree, not as flashy as TS*P, but I think in the long run will be much greater given time. The pieces of the puzzle are all starting to come together.....:)
The difference is that they completed Phase 2 and are working with Eli Lilly. If we get a major pharma partner similar, and get positive results from trials, we could absolutely see the same thing happen next year.
Time for a little perspective on our beloved ENZC......
From 10/5/2020 to 11/04/2020, we closed at or above 1 penny and below .02 for 23 straight trading days!!!
From 11/05/2020 to 11/16/2020 we traded between .0080 and .0097 for 8 straight trading days!
From 11/17/2020 to 11/20/2020 we traded between .01-.02, for 4 straight trading days.
Talk about building a strong foundation/base, that's basically 35 straight trading days trading at almost a penny to .02!! Simply incredible if you ask me.
And now let's take a look at the closing price from the last 5 Friday's, going back to 11/13/2020
.0091
.0194
.0502
.0750
.0912
I hear ya Jmach, I remember when the letter of intent came out in September, and like anything in the OTC, a lot of people were saying fake news and P & D. It came out of left field literally, and nobody had any clue really. When Cotropia took over the reigns however, it was a whole new ballgame in terms of credibility. He communicated very well, and pretty much what he set out to do has come to fruition. The stock has traded amazingly imo over the past 3 months, from it's initial run to a penny, with all the pullbacks in between, on its way to over a dime. And now we are primed for another run, with a great base here, last 5 trading days have closed at over .09, to hit .20 in the near future. They may be waiting to become pink current to release funding or other big news imo, which makes sense if you think about it. They have the luxury right now since they are not current, to not have to report any 8/k's. Really looking forward to this week and beyond, as we wrap up our filings and the last piece of the puzzle the attorney letter.
Yeah you never know, right?....lol
No, have to have a filing within 6 months so after the 2nd quarter we could.
This should definitely signal by next Friday, all filings should be completed, based on how 2019 went.
Excellent post MAGA, and basically in my opinion we have kinda gone as high as we are going to go in the very short term, and unless we get major volume, or one of the 2 big catalysts, going pink current or funding, I don't think we'll get to that next level. Shares are definitely drying up, mm are exchanges shares and doing their thing, but unless you are not in and looking to buy, all this is pretty much inconsequential in the bigger picture. We know they have funding, at least the 500k, have applications for grants for HIV and Covid-19 monoclonal antibodies with NIH and NSF, which on October 22 Charles said a decision should be made in the near future. And then we also met with a GMP manufacturer at the end of October, which has yet to be disclosed. Once they get completely current, then all the beans will spill out sorta speak. So that is basically the key which will unlock everything else.
Sykes plays on a stocks liquidity and volatility. Where he can get in and get out, trying to time his moves. ENZC is a perfect stock, as it has provided both over the last 3 months. Nobody in their right mind would be shorting a stock from trips to over .12, but certainly can be profitable flipping this thing as it has had a lot of normal/necessary pullbacks/consolidations.
The OTC will remove the stop sign for any member company that has the last 2 yrs of annual reports, which means 2018 & 2019, and all subsequent quarterly reports, which would be the first 3 quarters of 2020, and then an attorney letter if the reports are un-audited. After any company has all that information uploaded, it will then only take about 2-4 business days for stop sign removal and pink current. As you already alluded to, there is no attorney letter, and therefore they cannot be pink current.
First things first, apply for OTC Membership, if they have not already done so. Once they are approved, it usually takes about 2 weeks, then they are free to upload all outstanding financials immediately, but in order to go current they will need the last 2 year annual reports, and all subsequent quarters from this year, and finally the attorney letter. Ameca and Bolster are in full control now of STHC legally, and their first step should be to communicate/update shareholders on where they are at in the process. When you go to the OTC website page and click on Disclosure of any stock, the OTC has nothing to do with those reports, as that is all controlled and accessed by the company. Depending on which OTC membership you apply for, companies can have access to the website and upload files 24 hrs a day.
Yeah this is insane!!! Up to a penny spread???....lol
Should get a Tweet this afternoon/evening for sure I would think, nothing stopping them now.
I completely agree MAGA, but you can tell that the shares over the last 3 months are in the hands of stronger and stronger investors. Would love to know the actual float but it's got to be getting close to being locked up, which means when big news hits, the mm will have absolutely no choice but to let this go much much higher. Easy for them to control it at the moment, but I would bet we see a $60-100 million dollars traded in 1 day before the end of the year!