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Just a FYI, I made a call to our transfer agent, and they will be updating the restricted/unrestricted shares from now on. He just sent over the change now to the OTC, so it should happen by tomorrow at the latest hopefully.
How can there be any longs left here???? Another RS is inevitable, which would be the 4th or 5th? I lost count......lol
Just a FYI, I called our transfer agent to find out what was going on with our share structure not being updated, and I guess someone forgot to press a button basically when they took over as transfer agent and it wasn't getting updated. It's being handled as I type, and we should see it reflected again on the OTC website by Tuesday, and then again basically every month from there on out.
Completely agree Foxi, this is basically us just continuing to trade in the same channel, on extremely low vol right now. Until we get some major news/catalyst that gets a lot more money flowing in, we are basically stuck trading here for a bit.
Yeah Timing, no real reason imo to dilute right now, since we haven't seen any dilution for over a year now, and our last Q showed us having over 2 million cash on hand. I mean I guess it's a possibility, but the timing of the lawsuit and when we stopped getting our monthly share structure update lines up perfectly.
MAGA, my opinion on why we haven't seen any update to the share structure since late July, might have something to do with us suing Dimitar Savov and our own transfer agent. I know we switched transfer agents and we basically had to also include our own transfer agent in the lawsuit, so we could try and stop him from getting those 200k shares that he requested. I could be wrong or way off, but just my 2 cents.
We have formed a pretty solid base here around a 300-400 mil market cap. Next step for me is to see if we can base in the 600-800 mil market cap, which would put us around .22-.28, which is also right above the 200 day MA. Everyone wants this to rise fast and head straight to dollars, but we haven't even begun trials as of our latest info, so as things progress so will our sp.
Just thought I would pop my head back in here to see who is still here. Can't believe some people are still holding out hope here. Market cap has definitely grown but the sp hasn't with the massive amount of dilution that's occuring, almost 25 million OS, WOW! Anyone can invest in any stock they choose, but I'll never understand the lure here whatsoever with Sonny at the helm.
I have a feeling sales/revs are awful this Q and 3Q. Doubling of your sales force and getting customers to try and get sales for you reeks of desperation imo and is a major red flag. He's certainly not increasing or wanting to increase the sales staff because of overwhelming orders that's for sure.
Then you have Rad Light My Way??? I mean c'mon, this is something to get excited about????.....lol Plus, you have to have a lot of other RAD devices for this thing to even work/function.
So many products and huge amount of debt, someone is going to be financing this project for years to come.
INTL is back bright and early this morning on the BID only again. Let's see if she's back buying or not today.
Yeah exactly what's been happening. They got more aggressive the other day and basically forced the price over .14 and hit .15. Back when it was in the .11-.12 range they were letting the price action come to them, lately they have been a little more aggressive, although they sat at .14 towards the end of the day and didn't budge. Great to see as we are near many milestones/catalysts, along with a overall better OTC market this fall, this is shaping up to be a great end of the year imo.
$5 drops it over 90%......lol
We may drop today but I guarantee you they will print .1495 at some pt after the bell, to avoid any gap down, just my opinion......
Good morning ENZC fam.....Key levels to watch out for now as we get closer and closer, are the 50 & 100 dma, which are .158 and .1633. The 100 dma has been a real thorn the past 6 months, and it would be nice to finally break and hold above that level. After that, the 200 dma sits @ .2067, and that will be the real test to break hold that level. Vol is starting to heat up ever so slowly, and would love to see a continuation today as we get closer to news hopefully.
This could explode eventually with this share structure. Won't take much with such a low float.
Based on other companies, it's taking around 11-12 days from the last necessary filing/attorney letter. We should be pink current early next week, unless there is something else requested by the OTC we're not aware of.
Yield sign has nothing to do with the court case, and everything to do with ENZC filing late. Normally the review process is between 2-4 days, but filing late now they are prioritizing the companies trying to get pink current before the deadline first, so it could take a week or more for them to get to our review and make us pink current. Should be this week though imo.
Millions of shares bought at the ASK in the .115's and we are still stuck here. CDEL with a stranglehold at the moment. Same thing yesterday just at a little higher price. Keep doing this over and over day after day.
CDEL & Co will absolutely not let this thing breathe for one second. Constant ASK walls 100k or greater now for days. Will move up when whoever gets their fill of shares down here, or we have some sorta news/catalyst that gives us the vol to force the mm hand. Today is the last day for E-Trade to buy stop sign tickers and next week for TD. So it will definitely be bumpy until then and a little beyond.
Spoke with the OTC yesterday, and since they filed late on August 23, there has to be a review before it goes back to pink current. And right now they are so backed up with cases involving companies trying to get current before the Sep 28 deadline, that he said to give it about a week. So we'll be pink current again sometime next week.
Yeah I know MAGA, but dumb retail gets caught in the cross hairs also I believe. Isn't it funny how they always make sure we are green after the bell, only to immediately take us down? I would venture to say out of our last 20 red days, about 90% of the time we were initially green to start the day. That also ensures there is no gaps down for them either. This is probably the longest I've seen them put this kinda pressure on the ASK continuously day after day, and with no news they will just continue.
Anyone selling because of the Yield sign is really clueless imo.
Politics play such a huge role in pharma, and being an outsider we are fighting such a uphill battle on so many fronts. It's the same reason our application with the NIH is just sitting there collecting dust. Charles has understood how hard it is to break through, hence why he merged with ENZC and has stated they are willing to go it alone if they have to. Everything that has happened over the last year is literally what ENZC has been pounding the table with and saying from the start. Good thing though is all the groundwork has basically been laid, now we just have to wait for everything to unfold. 4Q things should start to heat up and into next year obviously is when I think we can see a major move.
You might be right I'm not sure, but naked shorting is technically illegal anyways, so not sure how FINRA would actually discern whether or not the shares were legitimately borrowed. You hear stories of the same shares being borrowed by many different brokers, and then not having to cover for months sometimes.
Short interest is at a all-time high yet vol is at a all-time low. 6.8 million shares, almost double the amount we saw after the run to .958 and the ensuing drop. Someone doesn't want this to run whatsoever, as they are doing everything they can to compress the share price. You have been right here MAGA, and it's obvious to me these are probably phantom naked short shares to boot. Hopefully CC can catch them with their pants down eventually with a major bomb.
Yeah they are usually a negotiated price below the closing price since it's dilution. Steve can act like it's no big deal, but unless he has major revenues to offset the dilution z this will tank further.
10 million share T-trade after the bell is definitely dilution hitting here. Not sure where the bottom is but we could have a ways to go.
CDEL is definitely frustrated and would have easily been able to drop the BID, but not with JANY there now, who's only looking to buy. It also looks like JANY is slowly starting to creep up her BID. Going to be interesting to watch.
Take a look and watch JANY folks. She could be our backstop, as she's only on the BID and looks to be wanting to accumulate shares at .20 for now. Always a great sign to have a new mm and them only be on the BID.
Definitely Naked Shorting going on today, with CDEL leading the way. ASK was getting pounded continuously but wouldn't budge, and when it did finally break they would just lower the ASK with another wall. I really think the news caught them off guard this morning. Just a matter of time as we keep putting out PR's, signing deals, and hitting milestones.
Yes, I have TD and received the same notice. I'm not saying it will be easy to buy these shell company stocks by any means, but there will be a way. Liquidity will probably definitely dry up, but there is a reason for this rule from the SEC, and it was debated, and this is what they came up with for shell companies.
You may or may not be right, but your assuming every broker dealer will not allow you to buy stop sign shell companies. I'm saying per the SEC rule, they will still be allowed to be quoted if they are a shell company, and if you read the rule, they don't even need hard evidence, just a reasonable assumption, and the broker dealers has the ability to make this decision also.
Am I missing something, because I believe that STHC will definitely be considered a shell company, and there are a couple ways that this is determined, but ultimately reading through the SEC rule changes, there seems to be a lot of leeway here, or are people thinking this is not going to be classified as a shell company, and will not receive the 18 month extension?
Something here definitely doesn't add up. Ben reached out to Mark several times before the eventual court discharge in December to no avail. And then we have the Jan 17 PR which states their main objective is to get current with the OTC markets. And now almost 7 months later you are saying there is an issue with the shares and the shell??? How/when did you discover this, and if just recently then what were you doing or not doing since the December discharge?
Nothing really to see here today, looks like another light vol day. In order to move the needle and push past some resistance pts, ENZC needs at least 20-30 million $$$ traded. Only trading 3-5 million $$$ will just keep us in this channel. All the catalysts are basically in front of us, as nothing has been reported since the PR after the Emerging Growth Conference. Staying above the 50 and 200 dma is really the key right now, until we hear further news.
People didn't understand how significant it was when CC got a deal to hold off share conversion from convertible note holders for 2 yrs. Normally a R&D biotech like this with this many ovens in the fire would be diluting like crazy, but we have seen no new shares added since I believe last October.
And then 4 months later state your primary objective is to get STHC current??? I mean wtf???
Yeah but this was back in August, un-audited financials of a shell company would take 2-3 months max to complete. Why come out and say you have completed the OTC application the same day as the announcement of the RTO?
Makes ZERO sense for Mark to complete an OTC application and not upload financials from August. The only reason for him to apply for the OTC membership back in Aug is to go current. If he had no intentions of doing that, why pay the membership fee? In fact when I talk to someone at the OTC back then, they said they have never seen any company apply and get approved for membership and not go current, since that's the sole reason to apply.
.17's should be the loading zone as we have the 50 & 200 dma sitting there.