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Re: Jeff Taitano post# 2361

Wednesday, 03/24/2021 7:52:53 PM

Wednesday, March 24, 2021 7:52:53 PM

Post# of 2447
That makes sense. There are a lot of reasons to start with a clean shell, which leave the original company sitting on an equity position in the process. One thing to consider: if $IMMB is holding on a big position of $ENZC shares, they are basically off the table to the market, which makes the $ENZC tradable float smaller, which in the end is a good thing for both entities. It also gives Harry considerably more voting power, since he controls $IMMB. That is where clarity on the issue is useful. For perspective, look at the trade history for $IMMB the week of 2/8. Somebody got "interested" after a long quiet period. Not sure I'd call $IMMB "abandoned," since if the transfer happened, it got equity and a note in return and which are now "quietly" sitting on the books.