There is no need for him to take this one private. However, he may delist it to pinksheets to file a form 15-12 so the company would save hundreds of thousands of dollars in reporting costs.
In that case, if ENZN has over 300 shareholders, he would probably do a 1,000 to 1 or so reverse split then do a forward split of the same ratio. He would pay out the shareholders that own 1,000 or less shares so they wouldn't lose any money when their shares are wiped out in the RS.
You have to have under 300 shareholders to go dark.
Recent ENZN News
- Form SC 13D/A - General Statement of Acquisition of Beneficial Ownership: [Amend] • Edgar (US Regulatory) • 08/19/2024 09:47:00 PM
- Form ARS - Annual Report to Security Holders • Edgar (US Regulatory) • 08/08/2024 08:36:22 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 08/08/2024 08:33:37 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 08/08/2024 08:32:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2024 08:06:02 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 07/29/2024 08:40:58 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 07/11/2024 09:01:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/14/2024 08:05:28 PM
- Form 8-A12G/A - Registration of securities [Section 12(g)]: [Amend] • Edgar (US Regulatory) • 05/22/2024 08:11:13 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/22/2024 08:05:33 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/10/2024 08:07:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/05/2024 09:05:44 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/09/2023 09:31:10 PM
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