Thank you for the detailed feed back!
Nicely put....HOWEVER what is there to "scrutinize" by the SEC, Congress, or whoever, unless there's some sort of perceived illegal activity going on???
As we all know the Stock Exchange is heavily regulated and monitored continuously for compliance on many levels which applies to ALL Companies that trade on any exchange.
What about companies like TESLA & Amazon that suddenly run UP into the hundreds to thousand(s) of dollars PPS range resulting in Mega-Million Dollar if not Billion dollar wind fall profits to scores of holders of those stocks?? Would TESA or Amazon be scrutinize for this any more than any other stock??
Then there's vast majority of OTC Penny Stocks that are total scams but yet many if not most of them continue right on trading daily.
I am very aware of the Robinhood scenario last week that you mention and I will post that issued here in bold:
[Then the exponential 500% run up of GameStop’s stock this week reversed on Thursday to come crashing down after trading platforms like Robinhood blocked customers from buying shares, there was no shortage of outrage and theories as to what was behind the trading platform’s decision.
One theory in particular, alleging the decision may have stemmed from outside pressure coming from hedge funds shorting GameStop’s stock, quickly gained attention from a surprising group, including Sen. Ted Cruz, Rep. Alexandria Ocasio-Cortez, Reddit, Fox News, CNN, and the Winklevoss twins.]
So this matter was based on various theories that had to do with a suspicion of RH caving to Hedge Funds shorting the stock, and at some point blocking traders on their own platform from buying GameStop shares.
Ok, well that kind of thing would DEFINITELY draw attention from any reasonable body of people, be it shareholders, the SEC, and/or Congress members, BUT I feel this is a FAR STRETCH of the concern you're expressing by applying it to ENZC or any other stock for that matter.
When you say "we don't need the SEC to closely monitor this stock (ENZC)" what do you perceive it is they would be looking for?? By saying this it reveals you have many concerns about this stock. You expressed the 500-2,000% gains ENZC has had which didn't happen over night, in a week, month, etc.. FACT IS any Penny stock that starts out in the "trips" range like ENZC (and there are hundreds of them) and advances even to 1-Cent has made nearly a 10,000 percent gain, However that typically doesn't happen in a single trading session, a week, month, day, year, or even years, and it certainly doesn't apply to ENZC.
ENZC has grown organically over a lengthy period of time, they have an extraordinary valuable Clone-3 Antibody U.S. Patent worth Billions, they have merged with a Biotech similar to themselves, they are engaged in product validation as we speak at Texas A&M, etc, etc, AND are still trading in the penny-dime range. Has this stock suddenly made a 500% or 1,000% gain in a single day like Gamestop...or even a single week??
What about penny stocks that experience similar rapidly advancing gains that do this with no product, OTC DARK Status, Multi-Billion Range FLOAT & O/S?? How about TSNP for example, no product, no funding, no nothing, 20B Float & 20B O/S, but yet their PPS is DOUBLE that of ENZC. Do you perceive that Ted Cruz, and the SEC are closely monitoring and scrutinizing TSNP?? Buzz is all over the place regarding TSNP more than I've seen for ANY Penny Stock thus far!
Drawing attention from the SEC would have to be something that's perceived as being possibly ILLEGAL wouldn't it, in order to draw their attention? Do you perceive that ENZC is engaged in some sort of illegal or unscrupulous activity that would draw the attention of the SEC or other regulatory bodies???? I'm just not following this line of reasoning you're making then making a parallel concern relative to the Robinhood-Gamestop matter which I can see why the SEC would be looking into that matter.
In closing, You made good general points overall but I lose track of what you're saying based on what I have stated above.
In general in all financial matters, I would agree it is always wise to keep a low profile in particular with friends and family members, AND to always file Annual Income Tax Returns on time and pay any taxes owed to the Feds and/or State just to stay off their radar. Now THAT would be very wise and highly advisable!
Be well and prosper...
