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Here's Godfather's tweet and the memo re: Lonza:
also included at EOM.$ENZC - Yes, there was a delay in a "Joint PR next week". Per Lonza's response, there is a working relationship between the two and they are fixing the inaccuracies. They are obviously not going to pre-announce a joint PR
— 𝐆𝐨𝐝𝐟𝐚𝐭𝐡𝐞𝐫 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 (@GodfatherCap) July 30, 2021
Still a major win for the company.
Onwards & Upwards pic.twitter.com/bXCSfYuLgE
@GodfatherCap $ENZC - Yes, there was a delay in a "Joint PR next week". Per Lonza's response, there is a working relationship between the two and they are fixing the inaccuracies. They are obviously not going to pre-announce a joint PR
Still a major win for the company.
Onwards & Upwards
Re: Lonza partnership, ENZC did release a PR and Lonza seems to have come back saying there were "inaccuracies." Both companies have been silent about the issue or any partnership possibilities since.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165205706
Original PR (it appears to have been retracted after publication on some sites, but OTC Markets still has it) https://www.otcmarkets.com/stock/enzc/news/Enzolytics-and-Lonza-Bioscience-Combine-Technologies-to-Fast-track-Development-and-Production-of-Anti-HIV-and-Anti-SARS-?id=312529
Your points are interesting, thanks! I agree that MMs are super greedy so I think they'll let this run eventually. :)
Just spotted something noteworthy on the charts:
After today's selling, I'm not sure what would be the catalyst for trading suddenly becoming bullish again, but if tomorrow trades flat or hugs the dashed triangle line in this chart, it could be an important sign. (Or maybe traders think this is too good a price and start a feeding frenzy.)
The theory here is that we could possibly see a double bottom from RSI instead of price, which would be much more bullish since it'd skip several weeks of pain. Otherwise my earlier read was price would have to sink to .10 before we'll see significant green since .10 is where the next-strongest support is. I will point out that price has been moving on relatively low volume even though today was an uptick.
Thoughts?
For plays that start in the trips, yes! That's why OTC is fun! :)
ENZC will not likely go up 25000+% from here. Still some good money to be made whenever it runs again.
The manipulation seems to be market-wide. There are a lot of other undervalued companies in the OTC facing similar circumstances, experiencing naked shorting and pre market takedowns, etc. I don't know if that speaks to ENZC's situation as much as to the current state of the SEC and what shady MMs know they can get away with now.
ENZC needs to keep bringing the market news that's too good to ignore. The foundation for growth is there!
That's what I'm thinking too. Nothing changed about this company's fundamentals, so I'm certain it'll do fine in the mid and long term. But I don't have more capital to average down (my work is a fixed income) so I can maximize my pool of shares by not riding this down.
I don't see news happening this week and there's no guarantee they'll submit the financials on time even with the extension, if those are somehow tied to an audit ballooning in scope. No doubt they'll get it all fixed but right now there's a lot of room for bad news.
I'm keeping an eye on the charts/tweets though in case something changes for the better. :)
Gotcha, okay!
Another thing notably missing is anything to do with Lonza.
I'm still kicking myself for not flipping at .30, but live and learn. :) It's usually wise to take profits on the way up because that money can be used to buy future dips.
This'll surely have greener days though!
Afaik there's no ENZC connection, but ENZC just released Q2 numbers and Zhabilov/Zhabilov Trust still has a lot of stake in ENZC. If Zhabilov/Zhabilov Trust still retains any control in BSSP, a connection to ENZC could possibly occur later through some sort of merger or acquisition.
Right now the only thing I see in common with ENZC is that Harry at some point was attached to both. I have currently liquidated my BSSP shares because I think the delayed uplisting and subsequent radio silence is indicative of a scam. This DD by Timing101 is worth looking into.
http://www.otcmarkets.com/financialReportViewer?symbol=ENZC&id=296370
So for this paragraph from Godfather's tweet:
$ENZC - 💥Q2 REPORT INSIGHTS💥
— 𝐆𝐨𝐝𝐟𝐚𝐭𝐡𝐞𝐫 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 (@GodfatherCap) August 16, 2021
1️⃣ No Dilution (O/S still the same)
2️⃣ New Transfer Agent, Empire Stock
3️⃣ Valentin Dimitrov issued Series E, probably for Rosetta and ITV1 distribution
4️⃣ Bioclonetics doing financial audits given its now treated as a REVERSE MERGER. https://t.co/WUba1Snth6 pic.twitter.com/CXKcCKEDUx
Yay! :) Thanks
You're welcome, also edited the post to add a visual aid.
Maybe they were measuring buy-in to decide which way to move this next. There was a big long legged doji candle on the hourly chart immediately after the gap up. (Long wicks above and below and open about the same price as close.)
Daily chart looks awful so ENZC needs to file its financials on time (or bulls need to rally on some kind of hype) otherwise PPS is probably going over the cliff to double bottom back around .10.
The day is young, maybe we'll touch .18 and close at .175 or have a lesser green day and close at .165. The setup for either of those outcomes is there. (Those are the resistance levels from the moving average lines which so far have corraled price pretty well.) :)
Edit: added a quick and dirty chart. The teal moving average line is the 50 day, and right now it's at risk of crossing over the 200 into a fairly steep downward trajectory. Or it could bounce and stay bullish.
Sounds a bit salty, but it's not unmerited. It's a competitive field and ENZC's latest moves or lack thereof have certainly caused some head scratching.
ENZC still has a lot going for it vs competitors. Patents, ai making the mAbs more targeted, doing the paper with Intel at all, talking to Lonza at all, various partnerships still in the pipeline, & more. Delays aren't unreasonable when many parties are involved, and no news isn't always bad news. (Except for silence on the Lonza fiasco, which I find pretty sketch.)
Hopefully we get clarity and a price bump soon! In the meantime, have a nice weekend! :)
Some interesting stuff on the charts:
I think we see major movement soon and hopefully upward. I fly by moving averages and they're nearly sorted now for a big bearish run, but a lot of the other indicators are actually bullish. So who knows! :)
Daily chart:
Hourly chart:
Daily volume analysis chart:
As long as the SEC allows MM's to naked short sell and counterfit shares, a RS creates a lot of new headroom to short. In theory a RS doesn't change the relative value of each share, but in this admin's OTC a RS generally spells doom for a ticker at least in the near term. :/
GLTA
TDA told me on live chat yesterday that they extended the deadline to "sometime in late August or September". (But afaik they have not announced this officially! The last official thing I saw was indeed the mass email you cited here.) I personally liquidated anything not pink current and above because I don't like the uncertainty.
Are we looking at the same LTNC? https://www.otcmarkets.com/stock/ltnc/disclosure has fillings as recent as 7/16/2021
The SEC delisting rules don't apply until September 28 and there's talk of maybe extending the deadline to uplist due to the backlogged OTC. Afaik the only deadline for Friday was brokerage imposed (in particular TD Ameritrade, which is also rumored to be extending its cutoff)
https://www.benzinga.com/news/21/05/21112568/why-retail-investors-will-no-longer-be-able-to-invest-in-certain-securities
LTNC looks great on the daily charts and has some known scammers (Toby McBride of TBEV) named as CEO of subsidiary Takeover Industries listed on the latest 8k. PPS could go either way and most likely longs and shorts will both be making bank at different points in the near future if they know how to play it. I made some money today and it's definitely a risky ticker to trade.
FYI the 200 day MA is at .0182 so I expect some major profit taking to happen if it makes another run to get there. There's also a pretty massive gap to fill at .015
Awesome, I'm glad it's helpful!! I love to see folks putting their heads together on these boards as well. So many great perspectives. :)
Interesting!
I think it's the latter! The company shows tons of promise but until those milestones happen, it also seems like maybe a long road ahead.
It's in a hot field though and provable cures are plenty marketable, so ynever know... Moderna's chart is parabolic right now on mostly just their covid vaccine and promises to develop others.
ENZC's made inroads on covid, HIV, and many more. Any one successful cure becoming viable could really change the game.
You're welcome! (And we're just speculating.) It's good to bounce ideas off each other to try to stay ahead of things. This stock has certainly been unpredictable so far!
Trading volume did too. I'm going to give it a few more days because it could fly with news. Not sure if the risk is worth the reward after brokers stop letting people buy shares later this month per the incoming SEC rule changes.
GLTA
Good points yourself and I'm getting those vibes about point 3 (a major shakeout) as well. News could avert it so hopefully PR throws us a bone.
The only thing I like on my chart is Acc/Dist which is holding pretty steady despite these downtrends. We're in the bottom bollinger on the daily chart and about to see a second retest after reflecting down off the midline. (Bad!) This could easily break down from there and triple bottom at $0.10 before any green happens. (I hope instead we trade sideways per your chart.)
Praying for news! Otherwise we might get some deep discounts for future cost averaging. :)
Anyone know what's up with Lonza? Audit? Montana? There's a lot of stuff ENZC promised that's now overdue without a peep from the PR team. I'm still reading it as pending/imminent but it's sure feeling dicey!
No worries, it's an important question to ask!!
I'm in a pickle with some of my OTC investments that are trying to reach Pink Current before the deadline hits. Buyers are spooked by the delays in OTC applications processing so it's down to the wire in a lot of cases. :/ I'm glad ENZC isn't in that situation.
I don't see ENZC or Enzolytics on any of the 166 pages! (used a text search to confirm)
The new SEC rules are described here:
https://stockstotrade.com/secs-new-otc-pink-rules/
They would not apply to ENZC because ENZC is already Pink Current. (The new rules apply to noinfo/dark/defunct)
https://www.otcmarkets.com/stock/enzc/overview
TD Ameritrade automatically cancels GTC orders after 6 months, maybe that's what happened with Etrade? (GTC = good until canceled)
Edit: nevermind, you mentioned that they were set to expire later in the year. Sounds like something else then!
You know what they say about attacking the messenger and not the message!
Hopefully ENZC can quiet that debate with safer and more effective treatments for covid. I think a lot of people opposed to the mRNA vaccines would feel more comfortable around monoclonal antibodies.
Same!
The latter! But with fewer companies maybe retail money will more readily consolidate behind winners?
I'm so glad it bounced today! Nice TA :)
Thanks, and yeah that narrative re:Lonza makes the most sense to me as well!
A concern with that email shared on Discord & Twitter is that Lonza could be intentionally vague in their reply to an outside inquiry, even if there were angry legal letters being exchanged between the companies offscreen. At any rate it's a bad look for ENZC to have published glowing news that "contained a number of inaccuracies" according to Lonza. Could be exaggerations of partnership details or some disagreement on timelines or anything really - it's all speculation at this point. Heck they could turn around next week and do a joint PR with corrected details and send both tickers to the moon.
Please let us know if you hear anything interesting from the accounting firm. :)
Here's what I found on it:
$ENZC - Yes, there was a delay in a "Joint PR next week". Per Lonza's response, there is a working relationship between the two and they are fixing the inaccuracies. They are obviously not going to pre-announce a joint PR
— 𝐆𝐨𝐝𝐟𝐚𝐭𝐡𝐞𝐫 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 (@GodfatherCap) July 30, 2021
Still a major win for the company.
Onwards & Upwards pic.twitter.com/bXCSfYuLgE
The press release published by Enzolytics on 21 July 2021 contained a number of inaccuracies and we are working with Enzolytics to resolve this.
If that's printed anywhere official that'd ease a lot of peoples' concerns! Otherwise it's a rumor!
Real talk: I believe in the grand vision ENZC has given us, but I've also been through an SEC suspended ticker this year. (The company in question misrepresented its achievements on social media.) I lost over 90% of my investment!
At this time, I doubt ENZC will get suspended for the Lonza PR fiasco, but there sure as hell better be or have been a Lonza agreement behind the scenes even if Charles doesn't explain the lost PR to the general public. (& I sure hope the PR didn't violate a Lonza non disclosure and jeopardize the partnership.)
The lack of transparency from ENZC re: Lonza, the perpetually overdue Montana results & the perpetually overdue audit, has greatly increased the sensation of risk I feel investing in this company. I'm a lot less certain, and I have a lot more doubts, than when I first bought company shares.
But no big deal, right? In the big picture ENZC holds a bunch of innovative patents, has a global vision to create cures for the good of humanity, and is miles ahead of the competition! We have all the great DD people have done on this board and elsewhere! And yes we have a history of good news from earlier PRs, if that news is to be believed.
Well, politics is taboo on here (as it should be) but I will say this: The current administration has many policies that contradict its own covid policies, as well as contradict the idea of promoting cures for dangerous illnesses, especially covid. In fact, so far it seems that organized government would benefit from uncurable covid and perpetual variants. There's no denying the immense power shift that occurred after covid, and the political gains to be made transforming laws and policies 'because covid.' Voting rules and medical surveillance and social censorship and more.
Why would politicians want to see that momentum undermined? Perhaps they even see companies like ENZC as a threat to political progress. So I doubt we'll be getting any help from the SEC re: the documentable market manipulation and naked shorting. Thus we're back to needing big volume on huge news to overcome market suppression.
Don't forget about BP, as well. BP would have no interest in a disruptive competitor making cures that obsolete their own profitable medicines, and BP are powerful lobbyists in government. I think ENZC will potentially need to pursue acquisition to get its cures to market, if its clever strategy of gaining foreign emergency use authorization falls through. IMO acquisition is more realistic than ENZC trying to break into big pharma on its own, and that would likely result in ENZC giving up some control of which monoclonal antibodies come to market and how soon.
Add it all up and it's a really shaky hold, for me. Am gonna be patient for any of ENZC's pending milestones to happen, but any more PR red flags and I'll probably liquidate to stay in control of risk. In the meantime my expectation is PPS will keep falling as MM's get ever more brazen in shaking out retail shares.
Curious if anyone wants to add insights! Do you see something I'm missing? GLTA
Right on! But a 30% pop on good news when PPS has drifted to .16 means we're just back to .20-.21ish
Hopefully we get great news, and soon. The confusion around the Lonza PR is not a good look.