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From my understanding and with speaking to the courts yesterday, the judge has tied together 3 custodianship cases together. She gave me the names of the other 2 but I didn't write them down, and since they are exactly like ours I guess she will decide and release all 3 at once. Something was filed on November 10 with the courts, not sure what as I think it pertains to the other 2 cases. So it's basically more waiting.
The 750 million shares go back to August and before initial run from trips I believe. I think I have the screenshot of the share structure from then but not a 100%
It's quite simple if you look at dollar amount traded. We needed over 6 million $ traded to go up to over .02, and now we are trading at a few hundred k volume. So that and we have added over 750 million shares is the reason we are where we are at. This can change rapidly with one good day, but until then without the necessary volume we will be in this sorta range.
There has definitely been dilution here. When the initial run started, we were at around 2 billion OS, and now we are at 2.76 billion, adding around 760 million shares. Volume has been extremely light lately, and it seems any sort of real money is waiting to buy again. Need to obviously get current first, close and get all the details of the merger, and find out about funding.
Just found out from the transfer agent they will be updating the O/S sometime today. Curious to see how many shares have been added.
There won't be any more updates unless it's Ben getting custodianship discharge. The last filing on record was October 20, and that was basically a hard copy of the tax file that initially filed electronically on September 21. So nothing left but the judge to decide. Could come anytime literally. I have been calling every couple days to the courts to see if the case is closed, and it's still open as of yesterday.
Yeah someone is trying to load up here on L2 with CSTI.
It doesn't matter how long it took sorta speak to get 2018 FINS, the key was them applying for OTC membership. This was the signal that they are ready to become current with all their FINS. You don't apply for membership, which is about $6500, if you don't have the financials pretty much ready to go or within a very short time frame. A lady at the OTC told me she has never seen a company apply for membership and not become pink current, it just doesn't happen.
You are probably right, I always try to remain conservative....lol
Share price is always hard to predict, but I definitely think we will break the previous high of .0217. So many catalysts that will probably all be known over the next 2 weeks or less, as I expect merger, pink current, funding, and GMP to all be known.
MM had to reach deep into the bullpen and get all hands on deck to keep this one from busting wide open this afternoon. The whole gang was there.....lol It's ok because the next 2 weeks are going to be really fun here imo, buckle up!
Yeah exactly, I agree. Another week or 2 makes no real difference, as we are super close to the finish line. Just think how well this has held considering Nov 12 will be 3 months since we heard a peep out of Ameca, basically because of the self imposed gag order until custodianship is finished. Too many catalysts to count at this pt, and this one is primed for the news to come.
Case is still active unfortunately as I called the Clerk's office about an hour ago. Nothing else has changed and just a waiting game. Thought it would be by today but it will have to wait until next week at least.
Could have one of the greatest squeezes ever, no shares and mm are very short imo!!!
Yeah I know, maybe waiting to become current with FINS and PR both on the same day.....lol
Do people realize that Charles Cotropia is the CEO and Harry Zhabilov is the CSO of ENZC? Like how or why would that happen if the merger was not a done deal?? And then there is this quote......
We are moving forward on the combination of our two companies, including the intellectual property owned by each, and are finalizing the necessary documents to bring the transaction to a successful closure in the very near future" said Charles Cotropia CEO of ENZC.
That was a week ago. Very near future in my opinion means any day now literally.
I agree, cheap shares are becoming increasingly harder to get now as the bid starts to move up.
How much longer can she trade in such a tight range? Go back and read the latest PR again, and realize how many catalysts are right on our doorstep. When she explodes, she will erupt in my opinion. Amazing strength/support here for over 3 weeks now, and it's because they know what's coming.....:)
Your welcome and no problem. We are extremely close in getting this matter resolved, whether that happens this week or next, the finish line is very close.
I called Vice Chancellor's Zurn's office again on Tuesday, nobody answered so I left a message. Got a call back from the Clerk's office, not Vice Chancellor Zurn's office, and she said they don't receive calls really and any question about a specific case needs to be done through the Clerk's office. I apologized and played dumb, and I guess my call that was answered 2 weeks ago was just blind luck that she not only answered me but gave me some information also. So that being said, case is still open and I guess on October 20th it looks like the attorney filed a hard copy of the tax file. She did say each judge has a 500 case work load and our rotating every other day working from home. I will call late Friday afternoon if we haven't heard anything by then, but in the meantime we are at the mercy of the Chancellor at this pt. The good news is their is no new information requested by the Chancellor, just that hard copy, as far as I'm aware of.
Our time is coming folks, she's almost ready but they are not going to let her bust wide open quite yet. Hang in there, as November should be quite a ride.....:)
It's still early but none of the diluting mm on L2 right now(ALPS,PAUL, CDEL)
Everyone keeps talking about this going back to trips or to cover some gap at .006, but the reality is this has traded in a very tight channel, between .01 and .012 for almost 3 weeks now, and on super light volume. They have done everything they can with huge ask walls(some fake) to bring this down below a penny, but so far unsuccessful. So many short term catalysts, some within the next week and all by the end of November probably, that it's really just a matter of time, and these daily ups/downs in this tight trading channel won't matter once that happens.
First, biotechs in general are extremely hard to predict a market cap for, since they are almost all based on potential and really have no product that they sell until they go through the trial process. Which almost always means dilution and convertible debt in the beginning until they start to prove themselves through the trial process. So I could be way off low or high with my .03 prediction, I'm no expert but just going by what I would think a fair initial market cap would be. There are so many factors right now that we don't know, it's best to wait and let the merger finalize and we can see the details and how the market reacts.
So how long in your opinion are "flippers" going to keep this one afloat??? Do flippers usually go long for 3 weeks and maintain a share price thousands of percentage above the bottom???.....lol
I was just simply pointing out that it would take quite a bit more to get to those levels of a market cap, not saying it can't or won't happen, it just won't be overnight and imo your talking well into next year, and that's of course if everything goes right. Nothing wrong with looking way down the road sorta speak, I'm just focusing myself on the very near term, ie over the next month. Getting funding from the NIH or NSF would be a massive boost in my opinion, and could raise the mc significantly just by itself.
No way we hold above a penny without massive amount of money being invested and not flipped at this pt. Even when it did drop below a penny last week, there was massive support in the low .009's, waiting to buy massive amounts of shares. We are too close now to some major catalysts, as the latest PR has confirmed this. Everyone wants to be a millionaire overnight, and all this talk of silver and $$$, but I'm more realistic in the short term, we go current and merger is finalized, I think we will be around .03. That would put us at a 75-90 million market cap depending on the O/S.
This turd that came from trips just 5 short weeks ago, has maintained above a penny for 3 straight weeks, and has over $60 million traded since the start of it's run when the LOI was released. And we still are waiting on the merger to be final, become current, and funding, which all are scheduled to hit very very soon, so yeah I guess this one is done and stick a fork in her.....lol
Fully diluted max out A/S at 3 billion is still only a $35 mil market cap at Friday's closing price. Very little risk in my opinion from here, considering merger and going current is a done deal. Throw in possible funding from either NIH or NSF, and this is a complete no brainer.
Yes, it's what's called a T Trade
Yesterday's PR was massive in my opinion. So much in there that any of the 3 or 4 things will send this much higher!
No I know they are coming, just a matter of when. Sooner the better.....:)
In my opinion, there was no reason to apply for OTC membership if you didn't have 2018 & 2019 FINS ready to go, or you didn't have 2019 ready but by the time the membership would be approved, usually around 3-4 weeks, that would be about the same time 2019 would be ready. Since they haven't uploaded 2019 yet, it makes me believe they are still working on them in some form or another. But they should be very close, hopefully next week.
There is no way the mm have the shares they are putting up on the ASK, but with the low volume this prevents people from hitting the ask or buying altogether, and it gets people to sell their shares for cheaper and into the hands of the mm. Volume is always KING and in order to break this cycle and prevent them from accumulating, we need a 400-500 million share day here, which is coming soon in my opinion. Too many near term catalysts now, and we have traded over a penny for 3 solid weeks, and a total of over $60 million over the past 5 weeks. People want to be overnight millionaires here, and think this should be silver or $$ by now, but it's not how it works. Patience will pay off big time here as people get frustrated and sell, thinking this thing is done. Yesterday PR was huge in my opinion, all but guaranteed several things, including the merger. Hang tight as Nov should be our month here.
Yep exactly. How many times over the past 3 weeks has this opened or gapped up higher, and immediately tanked? Uncanny imo to happen this many times, I don't care what anyone says. CDEL has been absolutely working the s#*" out of this thing. Massive ask walls(fake) and huge spreads between bid/ask, all the tricks to get people to sell their shares. Retail is like a deer stuck in the headlights, seeing this not moving or going down, so they think it's a scam or just another p&d, and they immediately stop buying and hitting the ask. Almost like the vol dries up instantaneously.
Today's PR just gave me the confidence to know what's taking place in the very near future, just have to hang in there and deal with the daily games being played.
In 2 weeks or less you will realize why these mm are doing everything they can to buy shares at these prices, doesn't take a rocket scientist to figure that out. They know what they stand to gain by stealing shares from the weak here, as today's PR from our new CEO couldn't have spelled things out anymore clearer imo. But it's also a reason we put on the brakes once again almost immediately, because they are definitely some greedy bastards!!....lol
How many near term catalysts do you want for a biotech stock with a market cap under $30 million right now? Merger is a done deal folks, getting current is a done deal folks, getting funding is a done deal folks. How this is still trading just slightly over a penny is insane!
This could be massive icing on the cake here.....
"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."
Stop sign removal and becoming current will happen after all the delinquent quarterlies have been filed, last 2 yrs basically, and attorney letter if those financials are unaudited. After everything is in the OTC takes roughly a week to go over and verify the information before removing the stop sign.