Enzolytics Inc (ENZC)

[Catpole]

As a long time penny player I have observed trading action much like today.
It is obvious that shares are hitting the market from the insiders who are benefitting from the merger. Not sure how many more shares will hit the market but ETRF, CDEL and CSTI all have participated in the sale of these shares. Along the way we also have some panic selling out of fear or just settling on profit at this level in fear of a further decrease in PPS.

In addition we have some very aggressive traders that are hopping on the ask with large numbers that are being stacked on the shares being diluted. The combination drives the price lower and when their buy target is hit they buy them back. They are aggressive and play with large $'s. At some point they will back off and let this breathe. As far as the diluters it all depends on how many they have and how many they want to sell. Time will tell.

For those of us who are patient and not worried it has give us opportunity to add shares at a cheap price. The question is whether the buyers can continue to absorb enough to hold it at any certain level. Time will tell.