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We look to be in a relative holding pattern at the moment, most longs are now fully locked and loaded, while new big money sits on the sidelines waiting for the stop sign to come down amongst other catalysts. So vol is drying up, and mm are trying their best to create a market. Notice when someone hits the ASK, the mm immediately drops the ASK price below the price that was just hit. They are able to do it because there is no power/vol behind it at the moment.
Folks, a quick little update for you. ENZC over the last 13 trading days, from November 20, has averaged over $8 million dollars traded a day, with a total of $105 million dollars traded for the said time period! Our lowest was $3 million dollars traded in a day. This is amazing liquidity and we still have the stop sign. Stop sign is coming down no doubt about it, not a matter of if but when. I know everyone is anxious, but it will happen in due time.
Nope, still waiting on 3 quarterly reports from 2020, then the attorney letter. Best guess when we actually go current should be before Xmas, at the latest.
Way oversold and forgotten here, as there are so many tickers in the OTC on fire right now. Market cap insanely cheap and this will have it's day sometime in the future. Will definitely be adding closer to January when the new ticker symbol goes into effect, unless we get news before then.
Another great day overall although some will be disappointed. We broke the 52-week and reached .124, and traded another $6 mil dollars or so while only being down 6%, with all the major catalysts still in front of us.
Totally agree 321, we've been seeing this happen here the past 3 months coming from trips, and churning and consolidating at higher levels is exactly what you want to see. With all the major catalysts in front of us, we will see a $60-90 mil dollars traded on 1 day in the near future. I remember when we struggled to break .02, I have a feeling we'll be looking back at .12 the same way.....:)
Just wait until we get real vol with news from Ameca, super low float, look how easy she moves on very little vol. SS here is awesome!
Boy these mm's are looking for shares anyway they can!! I don't think there is any trick left in the playbook fortunately....??
Even without getting a PR today or even tomorrow, Ameca should be at least Twitting something for sure.
A little unusual as no pre-market movement really except for CSTI going below yesterday's close @ .10 on the ASK. MM trying to cause fear/panic in order to buy shares maybe, which are probably getting in very short supply at the moment.
Yes, and of course the attorney letter since these are un-audited.
Close at/above .095 would be beautiful for today
If you look at how long it took for the first 3 quarterly reports to get posted for 2019, exactly one week, from November 13-20, we should be going current hopefully by the end of next week, now that the annual report is done for 2019.
I completely agree GF, the market cap when we were at .01 was so ridiculously low, about $25 mil, for a biotech merger that has major potential for cures in HIV and Covid-19, was almost laughable. Everything in due time and really this thing has traded absolutely beautiful over the past 3 months just looking back.
There has been so much gasoline spread right now, alls we are waiting for is Mr Cotropia to light the match and this thing explodes!!
Yeah I understand, just so people know that the Disclosure section you see on the website, is not controlled by the OTC. Once all the necessary documents are uploaded, then they get an alert and begin the process of approval, which takes around 2-4 business days.
No, the OTC has absolutely ZERO to do with ENZC's filings. The membership they applied for just gives them the access/platform to upload their filings, and since they applied for OTCQB, they have 24 hr access everyday. That's why you saw that filing come in at almost 11 pm. So the hold up was definitely not the OTC, but more so probably with the merger getting finalized, and of course with the pandemic, their accountants/auditors were probably behind. Not worried whatsoever as 2020 filings are coming, not a matter of if but when.
Nice post Brezlin and I agree. I don't think people realize that the NIH and NSF asked them to apply for grant money, couple that with being invited and taking their role at TAMU on Dec 1, how enormous that is when they announce getting awarded grant money, even if it's just a couple million or whatever, the signal to future investors and the market cannot be understated, and this thing will go parabolic instantly imo. Sure we all want updated filings, and that will certainly help, but to me it's a given, whether we have to wait another week or 2. Latest research shows the Mabs market alone will grow by $56 billion by 2024, the revenue streams these 2 merged companies have seem endless at this point. Can't wait to watch it all unfold as I have been here since July....:)
CDEL is definitely covering!!
Yeah I've been watching it MAGA, and they are basically flying solo, no other real bad mm or dilution of any kind, very thin right now, but unfortunately we don't have the necessary volume, otherwise they would be blown out of the water.
Perfect storm is brewing where we go current and get funding at the exact same time.....:)
Yep, I'm also curious if the government funding/grants from the NIH or NSF are waiting on the merger to fully complete and they are current in their filings. Not sure but just a thought what could be taking longer than expected/anticipated, as Charles mentioned on October 22 they anticipate a decision in the very near future.
Remember, once the attorney letter hits the OTC, we will go current in 2-4 business days on average. In my opinion, we'll get all 2020 quarterlies virtually at the same time, along with the attorney letter.
I totally agree and what people fail to realize is, the stock price kinda got ahead of itself sorta speak, when running up to over .11, without basically any news and just on anticipation. But what's needed is exactly what is happening now, and what has happened a few times before, is we are building a bigger stronger base for the next push, which should be over .20+. This is all part of the process, nothing negative has transpired here whatsoever, simply just shares being lost and won at the same time, and we will consolidate around this area until the next push.
"The entities anticipate a decision in the near future on pending applications filed with the National Institute of Health (NIH) and the National Science Foundation (NSF) for further development of its anti-HIV monoclonal antibodies and proposed production of anti-SARS-CoV-2 (CoronaVirus) antibodies"......
This was from the PR on October 22. I would think this news can hit any day now, and since we were invited to apply from the NIH, and we are at TAMU, where Operation Warp Speed is taking place, is there any legitimate reason we won't get any grant money???
For those of us who have been here for at least a couple months, I myself bought in July/August, we have had these dips/retrace/consolidations. The fact remains that if your DD is solid, which to my knowledge just about everything Charles has said has come to fruition or is certainly heading that way, you just ride it out and add on the dips if your looking to increase your position. OTC is definitely not for the faint of heart, otherwise I would have dumped all my shares on the major retrace from .0095 to .0030! Hang in there as there is much to be excited about imo!
Dude, it certainly may but it's 10k worth of shares....lol Definitely not a signal either way I think. I mean this stock has gapped up more times than I can count, and it ended up going down soon afterwards. Can't really gauge anything is all I'm saying, the first 30-60 minutes of trading will tell the story usually.
Yeah this is crazy, what's up TDA and mine still says invalid and can't even find my position. Still no PR from Born Inc, never seen anything like this before.
Exactly, it's a process, wasn't going to happen overnight. Everything Charles has said would happen is happening, I got to give him credit for that. They are going current, no doubt about it, and to quote a lady that has handles these from the OTC, she has never seen any company apply for membership and not get current, it simply doesn't happen. I myself am more curious about the merger details and so on. Which we will be getting very soon!
This thing has traded absolutely beautiful from trips until now, with all the necessary retrace/consolidation inorder for it to go much higher!
Yes. The key is the 10/k for 2019, that will be huge.
Other massive runners in the OTC at the moment, is why people are bailing now. They'll be back when actual news hits, but for now this is stuck in a major downtrend, and will only perk back up imo when company speaks. I will definitely be loading again soon at these levels.
Setting up beautifully for a Tue PR on the merger closing/details and first day at TAMU. And just wait until she gets current, exciting times ahead!!!
Exactly. There are no retail shorts in penny land. MM are there to create a market, and they make money when stocks go up/down. But sometimes when a stock is super hot like ENZC, they are short shares because they needed to create a market. So it's not like these mm intend to short a particular stock, they just find themselves in that position. When they do or are in need to cover, there are certain tricks of the trade in order for them to get the stock to move in the direction they need it to. It's like a football bookie who takes bets, and everyone is on one side of the football game, it's obvious who he is rooting for. But with penny stocks, when this massive imbalance starts to happen, the mm can often create panic which in turn makes people sell. And then they can cover at a lower price.
Thanks for taking the time to confirm, but it really changes absolutely nothing here. We know the company name and that's about it. Have no clue as to what they really do or what they are worth. Right now we have about a $17 mil mc. If the new company is worth $100 mil, that's 6x current share price. RS are often bad for companies that are bad, and just continue to use the RS to print more shares and have no real business. But in some cases, RS can be good, in fact really good. Only time will tell here but we should find out a lot more soon.
Yeah impossible with Covid-19 and West coast time to get that document that fast, on top of anyone paying that amount just to see, I find very suspicious. Nothing adds up.
Obviously a 1000/1 rs would have only 2.7 mil shares, and there is no "date" next to the supposed CEO signature.
All eyes on ENZC, now #1 by far on IHUB most read board. Should be a fun day irregardless!
Agree GF, not going anywhere until merger is complete with all the details, pink current, and we get funding. All 3 will happen, not a matter of if but when. Exciting times ahead for sure!
Nothing stopping Mr Bolster from reaching out to shareholders. They made a Twitter account and Twitted and then shut down any communication for 3 months now. Crazy if you ask me because the custodianship was obviously still in the courts back then and would take awhile to complete. So why did they even set up a Twitter account and come out with tweets?