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Agree. Great post!
Back to $3.00 would be even better. That last two times it spiked, it was on the news of the two NDAs. News of contracts should send it well above $0.03. Like many companies, $ITOX lost a lot of momentum due to Covid, but is positioned to get back to normal operations as we emerge from this mess.
Still trades, but on Expert since Harry hasn't kept up with the filings. Have to wonder why. Maybe $IMMB is the company that should have the billion dollar market cap that $ENZC had before the dust up.
Pretty clear that $IMMB still has "the goods" one way or another. Either $ENZC gave them almost 20% ownership (or more, but to your point, filings are very vague) of the "new" company for the assets, or $IMMB still owns all the assets and IP rights. The lack of clarity might have to do with the "apparent" public pi*sing contest between Harry and Dimitar, which really makes no sense at all from a business perspective. Maybe Harry hedging both sides? He's been known to be pretty shrewd.
It's getting tighter. Low float. Getting harder to buy is a good sign. A million shares ain't what it used to be. Look at the strikes on the management options and convertibles. Should see $0.08 first then $0.20 before the insiders get in the money.
Great idea!
Or passive-aggressive. ;)
That's the pattern. Quite then runs like heck, usually following the closing of a financing deal, the last of which is looking to be complete.
A bit of an interference to draw absent confirming filings, for example form 13D/13G. $IMMB owning almost 20% of $ENZC is not a bad thing since it would lock up a significant number of shares, but one gets some pretty emotional responses (not yours, but others) for simply asking unanswered questions. GL to everyone.
If there was a stock transfer to $IMMB and they own close to 20% of $ENZC, that's relevant. And if there was not such a stock transfer, and $IMMB still holds the assets, that is also relevant, IMHO. But to each his own.
The problem is that $IMMB is not currently reporting, and $ENZC filings on the acquisition of assets from $IMMB are very vague. Since Harry is still President of $IMMB, he should clear this up.
I'm more concerned with the near constant dilution at LOW prices. 2 shares at $2.50 generates the same revenue as 1 share at $5.00. TC is always in such a hurry to dilute. Why? Yes, there is great potential upon marketing approval. But frustrating that ATMs and follow on offerings have held this down. Hopefully, TC will devote part of the shareholders meeting to explaining how he is going to minimize dilution of shareholder's equity.
They didn't even PR it on the news feeds, just an 8K. Maybe TC used up all the ATM shares already and doesn't want it to run when he can't dilute it back down.
Half kidding...actually hope he's out of ATM shares. But why is he hitting them so hard in the first place?
Among other great updates in the 8K.
Nice update. A PR would have been nice in addition to the 8K.
Saw that too. Makes you wonder if they are deliberately holding back trades during the day to manipulate price.
Great position to run on news for either of the two NDAs....or both!
Maybe $ENZN should just acquire $SESN. Close to the finish line on Vicineum, and Ichan boards could help with the very uncreative ATM facility usage. With a royalty already in place, a win/win for both. Just a thought.
Call them and ask. TDA has no shares to loan. Similar reports from people who use other brokers: None, or hard to borrow. Everybody could call their brokers and post updates on shares available to loan. It would be good insight.
Most retail brokers have no shares available for shorting.
Identical short stunt over at $GME. Anyone surprised? Highly conspicuous to everyone but the regulators. Apparently they're too busy worrying about what people post on Twitter.
Technology is very promising, and TC has done a great job moving the ball forward for FDA approval. OTOH, the constant dilution is tiresome. Needs to look at other forms of financing at this juncture. He seems a little disconnected with shareholder interest, often serving as an unwitting ally to short sellers with the now predictable dilution.
When did TC ever NOT do another round of dilution? Now he wants to double the authorized shares, and the proxy statement says with a straight face:
Yeah. The battle to hold below $11 was kind of silly. Especially with weeklys expiring tomorrow.
Well, 2018 is a little more than 10 days, no? Not sure how it's STILL suspended.
How many of the $11+ prints that gapped up right after the bell are actually "late" prints? These guys are pathetic.
Be nice to close over $12 on Friday. GET SHORTY!
That's not suspended. Suspended stocks may not trade, period.
$IMMB is not suspended. It still trades, and probably owns a chunk of $ENZC. ITV-1 had a successful clinical trial in Bulgaria, so there is that.
Somebody forgot to pay the electric bill over at the dark pool.
That makes sense. There are a lot of reasons to start with a clean shell, which leave the original company sitting on an equity position in the process. One thing to consider: if $IMMB is holding on a big position of $ENZC shares, they are basically off the table to the market, which makes the $ENZC tradable float smaller, which in the end is a good thing for both entities. It also gives Harry considerably more voting power, since he controls $IMMB. That is where clarity on the issue is useful. For perspective, look at the trade history for $IMMB the week of 2/8. Somebody got "interested" after a long quiet period. Not sure I'd call $IMMB "abandoned," since if the transfer happened, it got equity and a note in return and which are now "quietly" sitting on the books.
Nothing wrong with cheapies now and then. But still tedious sometimes watching your long value decrease, even if on the way up. ;)
Fwiw...Bullish put option sweep hit unusual options alert news feed.
Of course. But one can only read what actually goes into print. ;)
Part of the problem is that in the midst of a conspicuous bear raid, Powell and Yellen disrupt the markets across the board, creating additional noise to deal with.
What is salient is that $IMMB potentially has a large holding in $ENCZ (with voting rights). That's information that is good to know. On the other side of the scenario, $IMMB still holds the assets. That is also good to know.
Here we go with the never ending ask wall that just keeps replenishing regardless of what's on L2.
It does appear that way. But then there is nothing to confirm the March 26 asset purchase by $ENZC, and no filing by $IMMB to indicate receipt of anything. One would think that the shares of $ENCZ common stock would require registration. But no filing to that effect. And the note? How much? Not detailed anywhere in the $ENZC filing. It would be easy to clean up the filings, but for some reason Harry is not doing it.
It would be nice if SEC and DTCC did a better job of policing short selling regulations and some highly unusual tape entries. But they do not. Frustrating.
As stated in the post, details of any stock transfer or asset purchase between $ENZC and $IMMB are murky at best. Harry Z, having an interest in both entities, is in a position to clear this up with more detailed filings. But for some reason, he does not.
There is that, too. But again the entries in the filings are vague. There is significant difference between "entered" and "completed." Unfortunately, $ENZC financials are not always easy to parse, and there is no filing by $IMMB which would detail the receipt of common stock in $ENCZ or a secured note receivable since the last filing on record is December 31, 2016. Looking at the March 31 $ENZC balance sheet, one can see "Stock issued for purchase of subsidiary" as of December 31, 2016 consisting of 60MM Preferred Series A and 100MM Preferred Series B while the 60MM Series A remain. In the entries for December 31, 2017, the 100MM Preferred Series B were cancelled. However there are 175MM shares of Common Stock issued for "license," and 211MM shares of Common issued for "asset purchase" for a total of 386MM common shares. So potentially there was a payment of 386MM common shares, about 18% of current float. But no mention of a secured note receivable nor it's value.
Challenging to parse, and still a bit murky.