Enzolytics Inc (ENZC)

[brezlin]

MAGA, Thats an interesting idea. It is not easy to clear restriction from shares right now. It can be done, but takes months and can be costly using second and third party “brokers”, attorney’s” that can facilitate the opinion letters, going back through the transfer agent and then having to work with a broker to allow deposit into an account. Many, like ETrade, will not accept them now because its OTC, period. They do have a dept that will, on a case by case basis, consider the shares and can waiver their own rule, but usually only works if it goes through an Attorney who personally acts as ambassador for the shareholder. And they charge a bunch for it.

There are the “sharks” out there that can sell off shares once restriction lifted with new Cert and Opinion Letter, but they’ll charge 12%-25%. For Dimitars shares, that would be A LOT to give up. Even if he wins, he is many many months away, perhaps a year from being able to sell them…. if there is an easier way in EU to dump them, I don’t know it….. buts thats pretty much how it works here.

If they go QB its easier, Nasdaq makes it automatic generally. A buyout should it happen, would prob turn the restricted shares into a check to the shareholder, for the cash part of the deal… the rest would be in shares from the buyer issued for the balance.

Back to your comment: The pink limited can prob stop even the toughest senarios mentioned above from being completed for much longer. Perhaps its another “blocking” move to slow him down…..

but I doubt it personally.