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I always find it interesting how quickly the RSI moves up whenever we climb even just a little bit, but on the flip side, when they're selling unlimited shares and driving us into the ground day after day after day, the RSI has only dropped roughly 1/2 point today, keeping us a few points above technically "oversold." See pic below (circled RSI in white) how it rides just above oversold for the past 11 days (since 5/18 and with 10/11 red days)
I think today's close will tell us what to expect next week. If we don't see an increase in volume & pps prior to close, I wouldn't be expecting much next week. If we do see an increase in volume/pps prior to today's close, I'll take that as a good sign that some kind of news is coming next week.
I also don't like seeing STXG moved to a new, lower perch (.0467). Makes me believe that we're gonna continue being pushed down...
And VIRT showed up right on que. Right when they start the drop, VIRT appears to assist OTCN and hold it down. Again, the only way that driving the pps down makes sense, is if they're doing it for a lower conversion price. Other than that, why on earth would the OTCN seller want to sell for less? Doesn't make any sense.
I couldn't agree more.... As it stands right now, you are correct. PR's make their way through current shareholders, but not getting any new eyes.
raja - I can't speak for everyone here, but I believe a large part of the frustration is due to the "under-deliver" that we've experienced, coupled with 2+ years of a non-stop beatdown. We are so incredibly and severely undervalued, it's almost incalculable. We also know with 100% certainty that there has been a lot of illegal shenanigans that's went' on over the past 2 years to control this pps (specifically VIRT), and it's gone completely unaddressed from the company. VIRT is supposed to be a market maker, and therefore they should help to "make a market." However, all they do is show up and use their algo and MM status to control/hold/push down the pps. They never sell, just appear on the ask to give the illusion of stacked, and hold it down. When the ask falls to them, they immediately disappear then show right back up, so the ask is not on them. This is 100% controlling & not market-making, not to mention illegal, and it goes completely unaddressed.
For this stock specifically, VIRT is always in sync and appears to be working with OTCN/OTCX. The fact that they continue to show up late in the day (synced up with OTCN) to hold the pps down, it makes me think that OTCN is executing conversions (conversion price is something like 50% of the lowest closing bid price over past X number of days. In other words, it's an incentive to drive the pps as low as they can). We see the same takedowns (10:30AM and/or 2:30PM) every day, and when we see those "cliff-drop" takedowns, that is when VIRT appears on L2 like clockwork; but not to buy/sell, just to control. Every day is the same, as shown below...
TODAY (6/2)
THURSDAY(6/1)
People invest in stocks to make money and/or have their money work for them. However, those who invested in ENZC have seen anything but. We've been beat down and held down for 2+ years, so that money we invested in ENZC definitely has NOT been working for us. It's been stagnant at best, and Charles/Chandra haven't exactly instilled confidence in everyone with what seems to be a cyclical ride of missed dates, timelines, and goals. I personally don't have a problem with that cyclical ride, as it's expected for small/young companies, but as a public company, I believe Charles could do a much better job of communicating. Everything we get from him via PR/filing, is extremely vague for the most part, which results in nonstop guessing/speculation. If we're gonna miss a deadline/date/goal, he should give detailed explanations as to why. Especially if it's something they've been dangling in front of us for years (SEC Reporting, out of pinks, etc....). I believe that a lot of us here who are frustrated would feel much better if/when something concrete/tangible is actually completed or if Charles would come out and give us some explanations:
- Why are we not SEC Reporting
- Why did they increase the AS by 900M
- Details on SAGA Deal and what happens to ENZC after deal is completed.
- What happened to the 27 IPF retailers?
docsetc - Don't get me wrong, I'd love to see a PR stating that the first African patients were given the HIV Treatment, but unfortunately I don't believe that will be anywhere near enough to bring in the retail we need.
I say this because we need MASSIVE volume/buying to offset the unlimited shares being sold by OTCN & INTL, with VIRT acting as PPS control (although VIRT not around so far today, but still expecting to see them by 2/3PM). We know that they could have up to roughly 1B more to sell, but if we're lucky thats not the case and their almost finished. My point being that for them to bring retail into the game in MASSIVE numbers, I think we'll need a bigger PR than ITV1 beginning in Africa. In addition, I believe that we'd need clarity on SAGA Deal & more specifically what happens to and/or what is the plan for ENZC ticker after the deal is done? Without that clarity, I personally just don't see those on the fence jumping in, but I hope I'm wrong....
Well Xtemetz1, I think the question then becomes: "Does CC actually care about his commons shareholders enough to worry about their concerns"?
I'm not saying he does or doesn't, just asking the question based on past 2+ years.
I cant believe CC is so smart and legally nonweldable and he cant find a way to ease investor concerns. Come on CC. The bullshit has got to stop and timelines need to be dropped in the laps of your devoted long term investors who continue to believe and defend and fight negative market sentiment on behalf of the company!! That's you job ! You cant convince me that you don't have a couple hours a week to spread a little hope and sunshine for your defenders !!! Sill holding out hope but dwindling everyday !!
One thing is for sure rockie, they have catalysts that they are & have been sitting on (move to SEC Reporting & move out of pinks, both of which could've and should've happened sometime over the past 6+ months)
This would be ideal raja, but I'm not getting my hopes up. When deals like this are in the works, the pps begins to reflect it over time (starts climbing towards that accurate valuation). However, our pps has not. It has been illegally controlled and demolished for 2+ years now, without so much as a peep from the company.
That said, I'm still hoping for the below to happen, just not holding my breath...
Or it is earmarked for some big event - as in some Pharma getting an equity stake in ENZC, around 20% to 25% ( not sure if- at all- it is going to be Samsung or Regeneron etc. hence won't take names).
Yes, it definitely seems that we back dead smack in the middle of the Groundhog day pattern. We'll know for sure once the RSI goes oversold and we see our typical bounce. If they hold us under 065 when that bounce/climb happens, then we are definitely back in the pattern. If not and we break above 065, I'll take that as a good sign.
That said, regardless of the SAGA deal for $250M or more or less, it's still severely undervalued if it gives them access to Clone 3 tech. I'm not sure if it does or doesn't give them access, but as I've posted before, we should be trading at a bottom of no less than 0.30 (10% of pps when Clone 3 value factored in)
Honestly, I'm just extremely disappointed that Charles has allowed us to endure this absolute beatdown for 2+ years now. Every PR during that period was nothing more than talk, never anything concrete/tangible, and ever since March 2022 they have done nothing but Over Promise/Under-deliver; and when someone brings up the pps, they're told the bumper sticker/cliché headline of "dont chase daily prices." I personally don't consider a non-stop 2+year beatdown, chasing "daily" prices. It's been 2+ years, and they don't follow thru/complete anything they told us they were going to. (SEC Reporting, Out of Pinks, 27 retailers, Email/Contact, etc....). Also, I still can't believe they have not said anything and/or filed anything in regards to why our AS was increased by 900M shares. That is extremely worrisome & very odd...
Anyway, depending on what/who OTCN/INTL are selling for, this could go on for quite some time (If either of them are diluting for ENZC, they still have roughly 1B left that they could sell). I'm hoping it ends soon, but as of right now, it appears that they are going strong and holding the line (artificial ceiling) at .045, regardless of how many times it's hit (shown below).
Now it’s Groundhog Day all over again and the need for twice the catalysts just to get back and surpass our recent high.
Not yet, but don't like seeing STXG back in the mix while we're being obliterated day after day, by OTCN + VIRT + INTL. Just adds another to worry about. Although I haven't seen VIRT yet today, but that doesn't mean they won't grace us with their presence near end of day (they usually show up in final hour to assist OTCN and hold pps down)
That said, I really wish we knew what was going on with OTCN. Are they converting shares? Are they representing ENZC to dilute us to death (Still don't know why the AS was increased by 900M shares)? Are they selling newly unrestricted shares? From what I've been watching over the past week or so, I'd say that OTCN is responsible for at least 60% of volume over the past 1-2 weeks. Are they going to run out soon or are they about to dip into the newly added 900M shares, and push our OS over 3B?
While my biggest worry is the "Intentional" lack of and/or failure to go SEC Reporting & move out of pinks, I believe this one (item quoted below) is a close second. I say this because it speaks volumes and tells us what Charles & Co actually think about their commons shareholders. Obviously we're not worth the time it would take to post a working email address. I'd bet just about anything that those holding preferred shares have a working email address and/or a way to contact them. To be fair, this is typical of OTC Pinks, as their CEO's could usually care less about their commons, but I think most here, myself included, have been hoping that Charles would be different. However, as I said above, actions like these speak volumes....
And we sure as hell have the right to question why their email hasn’t worked for a year despite them knowing and acknowledging that it wasn’t working and saying they were going to fix the problem. Which also never happened yet 6+ months after they addressed the issue.
I don't know if it will go that quick, but yes, that has been the pattern for 2+ years. They typically lock in an artificial ceiling at every 0.005.
Truthfully, I thought it would've taken another day or two to push us to .045, but I guess when we're bombarded with endless shares, illegally controlled by an MM who does not buy or sell (VIRT-just controls pps), and we have a CEO who refuses to follow thru on long over due items (SEC Reporting/Out of pinks) and give any type of clarity to what the hell is going on, those in control can pretty much drop us as fast they wish.
We desperately need SEC Reporting and something tangible/major from Charles. Without them, we will continue sinking....
Nobody knows what the plan for ENZC is after the SAGA deal rockie. Charles has been extremely vague and has not explained any of that. All of us have been holding millions of shares of ENZC for 3+ years, so for us to see the kind of payout that we've been holding for, we need any future "Big events," BIG PR's," "BIG deals," etc.... to come via ENZC, not SAGA.
Well, I have to ask myself "why is VIRT working to push/hold the pps down"? The only thing I can come up with that makes any sense is conversions.
Also, the pattern never changes 2B.... 10;30AM & 2:30PM takedowns. We see at least one of these every day, some days both.... Now 045 will become the new artificial ceiling today/tomorrow, and Wash+Rinse+Repeat.. If we're lucky enough to see any kind of climb due to oversold RSI, they will likely still hold it under .065. I've said it more times than I can count, but will say it again...
Nothing will change until Charles actually delivers something tangible. NOTHING! It's almost unbelievable what they've (Charles & Co.) have forced shareholders to endure in complete silence.
More and more I'm leaning towards OTCN converting shares. We know that there is an incentive for anyone converting to drive the pps as low as they can, because it affects their conversion price (50% of lowest closing bid, or something along those lines). This would explain why VIRT is working to drive/hold the pps down. Anytime we see a decent move up or big drop down, VIRT immediately appears on the ask, but never sells. If the ask falls to them, they immediately bow out/disappear, then come back; and they are always in perfect sync with OTCN...
That makes 2 of us Dyno! I'd give anything to see .95 again. At this point I would be happy with .50-.60, which is an absolute joke and beyond severely undervalued, but it just doesn't appear that this "will be allowed" to move that far up.... Given the continued Charles-silence coupled with OTCN & INTL both seeming to have endless shares, it would take nothing shy of a miracle to get back there.
Good question Bonnie, and one of the main reasons I'm worried about not being SEC Reporting and not getting out of pinks.
The supposed dividend from the SAGA deal will be nice, but we're not getting anywhere near a 1 for 1 (1 share of SAGA for every 1 share of ENZC owned). Honestly I think the best we'll see is 1 share of SAGA for every 100 shares of ENZC, but the most likely would be closer to 1 for 1000. Because of this, those of us who have been holding for years waiting for "the big news" or "the big move," need that "Big move" or "Big news" to come in the form of ENZC, not SAGA. However, Charles continuing to sit on SEC Reporting and refusing to move us out of the pinks, make me question what his plans for ENZC are after the SAGA deal.
What then will become of Enzolytics, Inc? What will be left of it, if this SPAC deal goes through? Will Enzolytics Inc then just operate as a skeletal Company~ or WHAT?!
Thx Blodget.... Yeah, I don't like the sound of this, as it brings a very real threat of waking up to an RS one morning...
(ii) authorize the filing of an amendment to the Company’s Articles of Incorporation to implement the Reverse Stock Split and any other action deemed necessary to effectuate the Reverse Stock Split, without further approval or authorization of stockholders, at any time prior to December 31, 2023
Ok thx.... I was actually trying to to avoid having to go thru any K's, Q's, etc... but if they mentioned it in the K, that would suffice as notice.
That said, you are wrong. All SEC Reporting Co's are required to give at least 30 days notice prior to implementing RS. They don't have to come out and say "We're going to do RS on XX/XX/XXXX, but it needs to be communicated to shareholders in some fashion. It can be a vague statement in a K, but there needs to be notice. It's one of the rules/requirements that comes with SEC Reporting.
Ok, can anybody else who's been here for a while answer this question?
Was there/has there been anything in any of their prior filings and/or anything at all that came from GBT suggesting a RS?
Timing - I understand everything you're talking about here, but as I mentioned in prior posts, until Charles delivers something concrete, its all just talk & speculation. They've talked about a lot in their PR's & filings, but bringing them to a reality has yet to happen.
I personally am more upset and disgruntled about Charles sitting on SEC Reporting, than anything else. I can deal with the ridiculous delays & missed timelines, but sitting on SEC Reporting is a bit scary. Why? The entire purpose of the 2yr audit was to go SEC Reporting and get out of pinks, yet here we sit 6 months after the 2yr audit was supposedly completed, still in pinks and still Alternative Reporting...
- Why was the AS increased by 900M shares? Very odd that no explanation has been shared.
- Where is the dilution coming from and/or going to? How much more do we have to endure?
- How is VIRT allowed to get away with what they've been doing? They don't actually buy or sell, just pop in and out to help control & hold the pps down? Why does this continue to go unaddressed? 2 snippets at bottom give an example. When the ask went to .048, VIRT immediately appears to give the illusion of stacked ask, and when it drops to .0479, they immediately bow out. This is NOT "making a market" it is "controlling the pps of specific security," which I always thought was illegal?
Now we have a $250M SAGA deal in the works, yet our market cap is still > $100M+ less than the deal. Why? It doesn't make any sense that we are now trading lower than we were before the deal was announced.
Bonnie - As I mentioned to rockie, all I am doing is compiling the past 3 years of data from watching ENZC/Charles to come up with an educated guess. I'm not gonna take the time/effort to retype everything that I just explained to rockie pertaining to the same thing. Easier to just post that image below for you.....
I hope I'm wrong and they officially and finally break the pattern they've developed over the past 3 years, but until they do, I'm expecting "more of the same."
Jublin - I'm new to this board, and haven't bought in yet, but given the pps, am considering buying a few mill shares. That said, I've gotta question for you on your quote below.
Was there anything in any of their prior filings and/or anything at all that came from GBT suggesting a RS?
The reason I ask is because OTC Markets shows them as SEC Reporting, and as SEC Reporting they would be required to give shareholders 30 days advanced notice of any RS, if they planned on doing one... In other words, as long as they're SEC reporting and nothing has been mentioned in filings of an RS, there's really no risk of waking up to an RS one morning, unless that 30 day advance notice was given.
I would not buy a single extra share until the ceo states no reverse split and no further dilution needed. Until then, it is better to play Powerball
rockie - I don't pretend know anymore than anyone else on this board, but I can compile 3+ years of watching ENZC/Charles to come up with an educated guess at a projected outcome. Has nothing to do with being positive vs negative, as I'm just simply interpreting the past 3+ years.
- Every Quarterly/annually filed with extension. Still waiting to see one filed on time/without extension
- Entire purpose behind the 2yr audit that was started more than 2 years ago was so ENZC could go SEC Reporting and get out of pinks. Supposedly the 2yr audit is complete, but Charles continues sitting on it, as well as continues sitting on SEC Reporting. Still waiting
- Monumental Shift in 6-12 months. Still Waiting
- Still waiting for explanation on 900M shares added to AS
- Still waiting for explanation on where dilution is coming from/going to
My point being that ENZC has no problem saying what they're going to do in a PR, the problem comes when it's actually time to do it/deliver. Until the day comes when they actually deliver something tangible/major, I have no reason to expect anything other than "more of the same." It's hard for me to see the positive when I believe Charles is intentionally sitting on SEC Reporting, so he doesn't have to give us the details (900M increase, Dilution, etc...)
Anyway, I am hoping that they break the pattern that's developed over the past 3 years, but until they do, why should I expect anything different than what Charles has given us thus far, AKA "More of the same"?
Agreed, but the way that I interpret it is that we'll be lucky if the deal is closed prior to Oct 23rd, because the SAGA 8k states that this is the 6th of 10 allowable 1-month extensions; and based on ENZC history coupled with SAGA thus far, why on earth would I expect to see/hear anything before the absolute final deadline.
I hate to say it, but I'm betting they use all 10 extensions, so I really hope that Charles delivers something tangible between now & if/when the SAGA deal is done. If he doesn't, I believe we're in for one ugly summer (just a repeat of last summer and/or every other day over the past 2+ years. (Hurry up and wait for something that never comes, such as 2yr audit, SEC Reporting, move out of pinks, "Monumental Shift in 6-12 months, etc..., etc..., etc...)
As for today, after watching the open (PUMA/INTL specifically), the artificial 05 ceiling is locked in place, and I'm expecting to see them drop it to .045 over the next few days. Still have another 30 minutes to see if we're hit with the usual 10:30 takedown, as shown below in yesterday's chart. Also, Anytime an ask is hit and they actually move up (majority of the time it's just a bottomless ask), they still keep it under 05. It truly is laughable, but we are right back to where we started prior to that teaser/climb to .13. Our current MC is about $107M less than the SAGA deal...LOL... Can't make this stuff up!
We’re assuming this PR means they are extending the time needed to June 23rd to finalize the deal with ENZC that was previously announced. Which means the deal is still on.
Like I said, we’d be lucky to close at 048 or above. Of course end of day, VIRT reappears at 048 to assist with the hold…So damn predictable, it’s not even funny.
Tomorrow I’m guessing they drop the artificial ceiling from 05 to 045, and down we go… Right back to our 2+ year pattern… What a joke!
Well, looks like we'll be lucky to close at 048 or above. Currently have 4 non-retail MM's stacked under 05, unloading, and dropping further as the day goes on.... Obviously not holding my breath on any type of news/communicaton, so I guess we're back to "the pattern," and just need to wait for the RSI to go oversold & hope they push it up again. However, kinda hard to tell where they'll push it to. Will we fall back to the 2yr pattern (when RSI hits O/S, if they push it up, it will still be held under .065) or will we be able to get back to .10+ (laughable that I'm talking about .065 & .10 as some kind of ceilings, but I guess until Charles actually follows thru on SEC Reporting & delivers something tangible/major, "Severely undervalued" is the best we get)
I'm not sure what the answer is, but I completely agree...
when you are partnering with Samsung, Intel and have the potential to heal he world, why in hell do you have to come up with an obscure SPAC like SAGA to finance up to 250 millions? This is pocket change for Samsung who declared they were ready to spend as much as 3 billions
Honestly rockie, I think it depends on how it plays out. We all know that Chandra tweeted a lot (in permanent ink/on internet), so if at the end of all of this they go the other way and do something that hurts/wipes out/destroys commons, I personally would believe that we'd have the option for a very winnable class action suit. But for now I believe we're stuck and need to wait & see how it all plays out....
That said, I really just want to see what was promised years ago. SEC Reporting/out of pinks, instead of Charles choosing to continue sitting on both. Also, a little bit of communication would be nice. Why was AS raised 900M shares? Who did the 140M newly diluted shares go to? However, I guess that's too much to ask for, from what is supposed to be a PUBLIC COMPANY.
I couldn't agree more Dyno. The entire point of the 2 year audit was to go SEC Reporting/Get out of pinks, yet Charles refuses to do either. No disrespect to those saying it, but I can't help but laugh when I read anyone/everyone saying "yay...Another buying opportunity." Seriously? We've been stuck (intentionally held) in this ridiculous "buying opportunity pattern" for 2+ years now. Everyone has had more than ample time to buy if they so choose. Now I think it's about time that they (ENZC/Charles) actually start delivering on the items they told shareholders were of importance years ago, such as the 2 above.
I still want to know how it's legal for VIRT to do what they've been doing? They are NOT "making a market," nor are they buying/selling anything. They are using the abilities that they have as an MM to control the pps, both bid/ask.
but it’s obvious by now that they consistently over promise, under deliver and that’s been the cycle we’ve been stuck in for some time now.
Exactly as predicted yesterday…. Say goodbye to 05’s. They now have 05 locked in as new artificial ceiling. Same thing over and over and over again for 2+years now.
Gee, what a shocker. Last 3 min and OTCN jumps back in and drops the ask back to .052. There was no way that they were gonna allow us to close above the artificial 052 ceiling…. So predictable! Can’t wait to see what tomorrow brings… I’m gonna go out on a limb and say a repeat of today, but they’ll drop the ceiling to .05 and push us back in the 04’s…
Here comes end of day push/hold. Looks like .052 is new ceiling.
I doubt that OTCN is Savov. Those 71M shares were already part of the OS. I believe OTCN is the one diluting and/or where those 140M new shares came from.
Also, do we even know that Savov got the full 71M shares? We know the case was settled, but have we seen anything from the company telling us the actual outcome of the suit?
I'm more worried about when is it going to stop. They still have roughly 1B more they can use to dilute. At what point are they going to allow the pps to climb to an accurate level? We're pushing 3+ years now of re-living the same thing over and over and over and over etc.... again..., and now for the first time in 3 years we can add 100's of millions of shares in dilution to the list, with no explanation/communication as to what it's for.
Also, why are we still not SEC Reporting The 2yr audit was completed a long time ago, yet we're still sitting in the pinks, and still not protected by the rules that SEC Reporting Co's are held to. There's been no communication as to why, nor has there been any communication as to why they increased the AS by almost 1B shares. I know I sound a bit salty, but I really don't think I'm asking for a lot here, when I say that these things should've already been communicated to shareholders. The lack of dilution up until now, could've been used to show that Charles was actually thinking of commons shareholders, but that too, has now gone by the wayside.
People may get upset with this, but that's ok. Most of us here have been OTC-land for quite some time, and we know the rules of the game (how they usually go/end up). What happens to the usual otc-ticker, once they start diluting it to death? What happens to the commons shareholders? I'm not saying that's what Charles is going to do, but as long as we're not SEC Reporting, the threat of waking up one morning to that kind of surprise is very real. If we were SEC Reporting on the other hand, they'd be required to give 30 day advance written notice, if they were planning on doing what those "other otc tickers" do. (I'm not gonna say it and start the topic, but I think everyone knows what I'm referring to)
Anyway, we've been sitting in silence for quite some time, and I personally believe some updates, explanations, and clarity regarding the above are long overdue.