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$ENZN did anyone here go to the shareholder meeting or dialed into the call?
Not yet. NOL’s start to expire in 2029 - 2033. Also, a profitable company could get the previous two years of paid taxes refunded back to them. We still have some time left. The CEO has apparently received quite a few offers but is waiting for the right deal to come along. In my opinion, I think an acquisition could happen before the end of next year
I’m still here with my 4.74% stake in the company. CEO is actively looking for acquisition targets. I might try calling the CEO tomorrow.
Wondering who bought the 1 million shares last month at .011
What do you make of this?? Normally they post a proxy statement every year to vote on the same directors every year. Will we be voting on new directors this time? I havent seen anything like this before. Maybe one of Icahns companies, or a spin off of one of the many companies that he has won proxy fights against will be going public through $ENZN?
I expect to see a lot more 8K’s drop over the coming weeks.
These next few months will be interesting!
Looking forward to a 8K regarding an acquisition to drop soon imo
Noticed they parked their website at godaddy now so it’s not active right now. The Myrexis one is still active though. Don’t know what it means though
With the stock being fairly thin like it is, it doesn’t take much bid wacking to drop the price down quite a bit. I’m still 100% bullish on $ENZN. People need to read between the lines to know that something is going to happen soon. There is only one reason they didn’t hold a vote last week to keep the current directors on board imo
I don’t own any of that stock. I only mentioned it because they filed a 10-K/A just like ENZN did and it just got bought out last week. They knew that there wasn’t a need to vote on the current directors since they were going to be replaced anyways.
The 10-K/A is the biggest clue that something is about to happen with ENZN imo.
$ENZN filed a 10-K/A which basically means that there isn’t a need to vote on the current directors this year, meaning they will most likely be replaced by directors from a company that is acquired by $ENZN. There is no doubt that Icahn will want a profitable Nasdaq level company to utilize Enzon’s NOL’s.
Take a look at $ASXC’s filings. It also filed a 10-K/A the same time that Enzon did because it knew its directors were going to be replaced this year so there was no need to vote to keep them on board. Well yesterday ASXC announced it was being bought out.
I haven’t had such a good feeling about a stock ever before. It’s crazy the potential that $ENZN has and especially when they think something is going to happen soon since they aren’t holding a vote to keep the current directors on board! I’m actually kind of surprised that more people aren’t catching onto this big hint that something is going to happen soon.
ENZN also is now compliant with OTCQX again. They only needed to have a closing bid of .10 or higher for 10 days, which has already been done now. It’s definitely going to be a summer to remember here imo. Good luck to all of us here!
I think we are getting closer with $ENZN. There was new language in the 10k compared to the other 10k’s. Notably, they have been in discussions with potential acquisition that may result in a change in control of the company. While this scenario would result in not being able to utilize 100% of the NOL’s, it would suggest that it could be a rather large profitable company that utilizes ENZN imo
$ENZN - They are about a month later than normal in releasing the 10K. Wondering if it’s because they might announce an acquisition along with it? They normally release it mid February. Could be nothing but we will see soon as it has to be released by the 31st
$ENZN .089 should be a good runner soon. Carl Icahn owns nearly half of it. It has $46 million cash and $103 million NOL’s. Tiny $8 million market cap. OTCQX stock that has reached the bottom imo
$ENZN .089 should be a good runner soon. Carl Icahn owns nearly half of it. It has $46 million cash and $103 million NOL’s. Tiny $8 million market cap. OTCQX stock that has reached the bottom imo
Someone talked to the CEO a few weeks ago. Sounds like quite a few companies are interested in a deal. He doesn’t want to do a deal with just any company. They have also been reaching out to other companies as well. There was no deal with any company at that time. That is the only reason he was able to talk.
At least we know the company is actively pursuing a deal.
Any updates on this post of yours? How much longer does it have to be listed? Wonder what it has to do to remain listed?
$EMMA about to go parabolic imo. Someone bought a lot of shares today.
$EMMA .48 - I think the move higher is for real this time. Up 60% on near record volume.
How is everyone here able to buy $GVSI? Pretty big tweet by him!
Dang I didn’t even realize that till you mentioned it. It could also be Jon Couchman buying more shares. Hard telling who it is.
$GVSI just crazy this has no assets and a whopping $64,000,000 market cap. Mr Sharp only had to spend $100k and was able to turn that into over $30 million value by issuing himself preferred shares that equate to 3,000,000,000 shares of common stock.
Be careful here people!
Probably 2023 going to be a good year for this one
Don’t know why anyone would want to sell this low
$ENZN Huge potential. Just a matter of time.
$EMMA - CEO buying shares constantly. Insiders and 5%+ holders own over 78% of the company. Revenues will explode when Endari is approved in Middle East and Africa! It’s already FDA approved!
I sent you a message on Twitter. It was probably me that asked you about it lol.
I agree that it has ran a little too fast. I actually wouldn’t mind if it dropped back down so that I can pick up more shares.
I imagine the company will have a bunch of PR’s at some point. It seems like they have hired a firm that will let big investors along with institutions about Emmaus.
What’s interesting about the form PRE 14A is the split ratio to list on the Nasdaq. It requires a $4 minimum bid price. Well they said they will do either a 1-5 or 1-8 reverse split if needed sometime next year. If they did the 1-8 split at the current .47 share price, it would only get the stock up to $3.76
The company obviously knows of some kind of catalyst that will eventually move the stock higher. I’m curious as to what that could be
What price did you sell at?
$EMMA - OTCQX announced it will be up listing to the Nasdaq. Seems like this one has a ton of potential. CEO has been buying shares every week it seems like. Insiders and 5%+ holders own over 78% of the company. Even at .47 it’s market cap is low for its potential. The company is working on getting FDA approval to use Endari to treat Diverticulosis. That is a potential $8-20 Billion market in the US and a $35 billion market in the EU.
I can see why they now want to up list to the Nasdaq! The market cap is only like $23 million at .47
Also once Endari gets approved in Africa and South America, revenues will skyrocket. Company expects approval by the end of the year. It should get approved since it’s already FDA approved in the US and approved in Europe as well.
It’s no wonder why the CEO has been buying so many shares. He has bought a lot well above $1 too. The CEO even provides loans to the company when cash runs low instead of diluting the stock.
I think this is one pharma stock that will end up turning the average person into a multimillionaire IMO. The possibilities are insane.
$EMMA - Seems like this one has a ton of potential. CEO has been buying shares every week it seems like. Insiders and 5%+ holders own over 78% of the company. Even at .47 it’s market cap is low for its potential. The company is working on getting FDA approval to use Endari to treat Diverticulosis. That is a potential $8-20 Billion market in the US and a $35 billion market in the EU.
I can see why they now want to up list to the Nasdaq! The market cap is only like $23 million at .47
Also once Endari gets approved in Africa and South America, revenues will skyrocket. Company expects approval by the end of the year. It should get approved since it’s already FDA approved in the US and approved in Europe as well.
It’s no wonder why the CEO has been buying so many shares. He has bought a lot well above $1 too. The CEO even provides loans to the company when cash runs low instead of diluting the stock.
I think this is one pharma stock that will end up turning the average person into a multimillionaire IMO. The possibilities are insane.
$EMMA - Seems like this one has a ton of potential. CEO has been buying shares every week it seems like. Insiders and 5%+ holders own over 78% of the company. Even at .47 it’s market cap is low for its potential. The company is working on getting FDA approval to use Endari to treat Diverticulosis. That is a potential $8-20 Billion market in the US and a $35 billion market in the EU.
I can see why they now want to up list to the Nasdaq! The market cap is only like $23 million at .47
Also once Endari gets approved in Africa and South America, revenues will skyrocket. Company expects approval by the end of the year. It should get approved since it’s already FDA approved in the US and approved in Europe as well.
It’s no wonder why the CEO has been buying so many shares. He has bought a lot well above $1 too. The CEO even provides loans to the company when cash runs low instead of diluting the stock.
I think this is one pharma stock that will end up turning the average person into a multimillionaire IMO. The possibilities are insane.
$EMMA announced its up listing to Nasdaq. Huge potential here with its FDA approved drug. Once approved in Africa, it’s revenues will skyrocket
Oh there is no doubt we all will make good money here. I was just meaning to say that the people that are able to buy at current prices will make an insane amount of money if this goes to $1+ one day.
People that can buy this at these prices are going to be rewarded greatly
They are close IMO. Even the company has mentioned in the last filing that they hope to have things wrapped up by the end of year. They probably figure there is a potential buyer or partner out there.
Never mind, I found it:
“ After the 15c2-11 compliance date, shell companies will be able to trade for 18 months until they become an operating company. If they don't become an operating company in 18 months, they will be de-listed.”
Where does it say that he only has so long to keep it listed? I havent read anywhere it will or even could get delisted from expert market.
I think we will see some kind of news soon. Couchman hasn’t filed the annual report with the state yet. Normally he does it in may/June soon after he files Myrexis’s (which he did at his normal timing).
He might be waiting if he is currently working on a deal. He has till end of this month to file.
I’m jealous of anyone that is able to buy shares at these prices.
I think we will be surprised with a decent buyout price. Your $5-$10 estimate is very reasonable. The company has .85 per share in cash with no debt. And if we get positive results from China next week, we could easily get near $10 buyout price. If Vicineum is approved by the FDA as well, it will open up the floodgates for everything else that a Vicineum combination can be used to treat. The potential here is insane!
I don’t know why the other guy that replied thinks it’s a pump and dump. There is no one talking about $SESN right now.
I was trying to figure that out too. This happened after $SESN news yesterday about possibly selling the company. Maybe Couchman will use $MYRX to acquire $SESN for tax free income for if/when Vicineum is approved.
MYRX owns a decent chunk of ENZN shares of which gets royalty payments from SESN. Who knows though lol.
Maybe ENZN will buy out SESN