According to the last quarterly report, total "cash and cash equivalents" are $996,968, or just a touch under a million bucks. And that was a few months ago. This is a public company, which is required by law to file financial documents and such. Did you really think people wouldn't be able to get a decent idea of a company's financial situation?
Any meaningful share buyback would be for at least a half a billion shares, which would cost about $100 million at the current price of 20 cents. Again, ENZC couldn't even begin to think of buying back shares. They don't have the cash.
JACK'S RULES OF TRADING
1. Never chase.
2. Never panic sell.
3. When in doubt, hold.
4. When things are bad, add.
5. Wait for reversals before buying or selling.