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Yea, I’m getting pretty frustrated here and I can tell others are as well. My avg is in the .0020’s. I fully expected after all that otcqb uplist talk and everything that they had a legitimate plan to break .01. Now I wonder. I’m praying this silent period is a required one bc of some big news finally coming. It would be nice to just see .0040-.0050 again and then maintain it with a real plan for qb and to get above .01 for that to happen.
That would be material inside information and have to be released in an official PR or filing. These guys are by the book. There’s no way he relayed that kind of info to a shareholder.
The lack of updates could be a good thing, possible they are in a required silent period prior to big news dropping.
The rsi bs always irritates me. See it on many otcs. They can bleed it down for weeks and the rsi drops maybe 20 points during that timeframe. But just a few days of green and it’ll jump the same 20 back up.
Reminds me of the bs with them halting tickers too. I’m in a small bio one where earlier this summer the pps dropped 60% to 70% in a single morning session, but no trading halts. Same day in the afternoon it recovered by jumping about 60% back up and it was halted multiple times. They never pull the bs on rug pulls or the way down, but always do to stifle the runs on the way up. Totally corrupt market.
Have you still been reaching out to him lately with no response? I haven’t checked in here for a month or so, kinda out of the enzc loop again.
Low RSI is likely setting off bells already for technical traders so not sure how much more it’s dropping. There’s really no reason it dropped below .0030’s to begin with. A bunch of the actual pump and dump otc scams (unlike this one) are still hanging around in the .0020 to .0050 range. Rediculous.
I don’t think many of these companies or even the PR firms have a genuine clue about how the real retail otc market works. They should spend a few weeks on these boards if they don’t already. Might open their eyes.
Correct me if I’m wrong, but didn’t they hire a PR firm? Or is the company directly putting out the statements? Maybe I’m confusing this with another one. Whoever is doing it doesn’t seem to understand how otc works. They need to dial it back a bit and release only the significant info. Still, this is night and day a more legit otc than 99.9% of the others. It’s unfortunate that the majority of otc traders are low iq / flippers. Only an imbecile would be dumping shares at this price if it’s retail doing it.
They prob don’t want to release any positive info right now in an official PR that could cause a bump in the share price while on EM. I’m still partially convinced that they did this purposely for insiders or some other entity to load up dirt cheap before the pps takes off at some point. They had no choice but to release the info about the dod funding since they were SEC reporting, which caused the massive pps spike in spring. So I feel like this was part of the plan. Or they simply don’t want to release positive info while on EM since EM is a bad look. So they’re trying to stay quiet until they sort it out. Either way, they need to update us soon on what their plans are to emerge from this status back to pink current.
Good to see your input as always. I personally don’t mind 6 months or a little more for .01 and otcqb. But so far they have not gone about getting there the right way. Most otc traders these days are flippers so that doesn’t help either.
Awesome info!
Considering they touted .01 and otcQB publicly to investors, this sure as hell is the wrong way to go about getting there if they’re dumping shares. Already down 50% in just what, the last two weeks alone?! Getting pretty irritating to say the least.
Wow. WTF is going on here?! Wrong way to .01 and otcQB…
Man, if just this one asset alone of theirs has a successful first stage or two of human clinicals, (which seems very plausible based on the completed animal testing) it immediately puts the valuation here in the hundreds of millions at a minimum. Possibly low billions. If it clears multiple stage clinicals (also very plausible) and looks like it’s headed for marketing approval, now we’re talking billions. And that’s just this one, without anything else from the companies pipeline of potential drugs. Considering the market cap right now is $280,939, just imagine what the pps would be. Of course, that’s all assuming they get the past due filings paid for and go pink current again so trading resumes normally.
This was discussed and answered dozens of times now. The filings were ready and with the auditing firm, they just needed to get the funds for payment which was the issue. Apparently in the past they paid about 100k for the fully audited yearly.
Well if they consider the otc a problem for themselves progressing, this sure wasn’t the way to handle it. The proper way off the otc is up to otcQB first, then steps to uplist further from there. This drop down to EM was the completely wrong direction and only set them back further. We all know they just need a simple filing, and apparently payment for that was the issue, so they really need to share what progress they are making on that front soon.
Curious, were you still invested there at the time of the buyout? If so, how did that play out exactly for your investment? Been in a few small cap bios in recent years but have never been in one through a buyout.
European patent GRANTED!
https://register.epo.org/application?number=EP16721208
It’s not going private. That bs was just fud created by one single lowlife on this board. There’s no logic behind it.
Lawsuits over what exactly? Bc you bought high and now have to sit through EM? lol. You can’t sue over that or any of this. You had plenty of time to sell prior to EM if you wanted, not like there wasn’t plenty of warning. Most of us chose to wait it out bc of the risk / reward being promising here once this does come off EM when they get the auditing firm paid. The pipeline is huge. The 1.8 mil is grant funds towards furthering the clinical trial. It’s not just handed to them to do whatever with. Only people upset are those that wanted a quick flip. Oh well.
“There’s also the most likely scenario where RSPI never emerges from the “expert” market (aka the rubes’ market).
Considering all that is keeping them from going right back to pink current is paying the auditing firm who already had the fins basically completed, this has to be the dumbest take so far. Most likely scenario by far here using any logic is that they simply get the auditing firm paid and return to pink current.
Good to see facts destroying fud as usual here.
Have a feeling some big news is coming soon. They keep dropping hints in the smaller news updates.
It’s what people with absolutely no life do. He’s miserable so he wants others to be miserable as well. He cannot stand the idea that anyone might strike it rich on one of these.
Seems pointless to me, the current management has proven to us that they’re out for no one but themselves time and time again and the only consistency is lies and empty promises. Yea, I’m bitter. It is what it is. I wasted 4 years here to come out barely above my average. But I guess it’s better than losing thousands like many here. Still though…
For any of us that had close to 1 million ENZC shares or more, we’d be lucky to get maybe $250 or more in SAGA dividend shares at this point. And that’s even if you could dump all those SAGA shares to someone in trips once it’s publicly tradable by retail.
FWIW. The entire dividend isn’t even valid anymore bc too many variables have changed. So they’d have to rework all the wording and details anyway. It’s not possible to keep the make whole provision anymore, among other things, bc SAGA isn’t on NASDAQ. And the main aspect that changed is the fact that no valuable assets remain under ENZC / SAGA.
Can they still hand out the same ratio SAGA shares based on ENZC shares? Sure. But there’s no way to have a $10 pps for an otc stock with no value under it when everything the past year has changed. 1 for 1000 trips shares is about the reality of what would be issued for any dividend at this point.
Answer to*
“Would it be 6 months after they are tradable on OTC?”
If you didn’t want someone to give an answer you clearly didn’t know the question to, then why did you ask?
All that the now outdated make whole provision would have guaranteed is that dividend shares were still $10 on Nasdaq at the time they paid out. Nothing after. It only was to protect in case the pps dropped under $10 in the 6 months leading UP TO the dividend payout. None of that will be relevant if SAGA ever manages to start trading on the otc. Not to mention the potentially valuable assets are all gone anyway. Nothing of value remains under ENZC / SAGA.
That clause was based on Saga trading on Nasdaq and will never happen now at the $10 pps. Even before, the $10 would have never held once the insiders dumped in the time period before commons could sell. The provision did not guarantee anything after the point they gave the dividend shares, at which point retail wouldn’t have been able to sell anyway. The provision wasn’t guaranteeing your shares held $10 after being tradable on the open market. It was all a scam. No one will ever see $10 dividend shares here after what has now transpired.
Yawn. Same old know it alls yapping and no one’s paying them any attention that they desperately need. Gonna be hilarious when they submit the fins and this comes off EM at .0050 to .01 and these losers can’t get back in cheap.
I said I don’t care what their status is currently, non sec reporting etc. not the point. It’s still a 10k. See for yourself loser.
https://www.otcmarkets.com/stock/CDNO/disclosure
It’s literally listed on otcmarkets as a 10Ka (amended).
https://www.otcmarkets.com/stock/CDNO/disclosure
Take your “know it all” bullshit somewhere else.
They filed a 10K in 2022 and last year in 2023. Regardless what status they are now.
https://www.otcmarkets.com/otcapi/company/financial-report/368157/content
“…but meets a minimum requirement for public quoting under Rule 15c2-11.”
So does this confirm what the 8k told us two weeks ago? That it would drop to EM, unless otcmarkets determined it met an exception under Rule 15c2-11.”?
If otcmarkets determined this still meets a minimum requirement under that rule, this should mean that it’s not going EM.
When was that information added to the otcmarkets site? Haven’t checked there for about a week or so. Don’t recall seeing it before.
Moron, the insiders all took shares instead of cash. I’m sure they’d turn around and purposely destroy their stock value, hit EM, then go private. Lmfao.
Clearly I was speaking as a last resort rather than going EM if they needed to. I can’t answer as to why they chose to risk EM over going non reporting and filing direct with otcmarkets. And we know the filings are late bc of the money owed to the auditing firm. They don’t seem too worried about it. And the gloom and doom here lately by randoms showing up is all bs. All anyone has to remember is all these guys, including insiders who were owed compensation, took shares over cash payouts. You think they’re going to jeopardize all that if they didn’t have a plan in place right now even part of that plan meant dropping to EM for a short time? All they gotta do is get the funds for the auditors and submit the fins and they’re right back to pink current. The fud here lately is a joke. Never coming off EM. lol! Revocation. Even bigger lol! All over one few month late filing. Give me a break. No insiders are just flushing that amount of potential money down the drain. They stand to lose more than any of us retail.
More yapping and yet you still haven’t explained how if your narrative were actually correct, then explain all the other tickers that came off EM in the past. Sorry bum, it’s happened and it’s not difficult at all if they make a concerted effort to do so. No one here’s gone buy your fud bullshit. This discussion has been going on here for two weeks now and everything has been covered.
Yawn. Completely false. You still haven’t explained why many others have directly come out of EM right back to pink current. EM isn’t some revocation doomsday scenario you’re preaching. It’s a safeguard situation put in place to protect investors until the company submits filings that are late. They don’t just automatically revocate every stock that hits EM. Stupidest thing I’ve ever heard. The fact many come out of EM proves your bs narrative false. Not to mention the fact that they are under no requirement or obligation to remain SEC reporting and can simply chose to go non reporting and submit the already completed filings straight to otcmarkets and go back to pink current. Once on EM, there’s just an extra few steps needed, but as long as they are in communication with otcmarkets (which we know they are), and taking the proper steps to emerge from EM, it’s literally no problem for them to do so and will happen. The only stocks that don’t return from EM are bc they were abandoned, or their management makes no valid effort to get them back to pink current.