Enzolytics Inc (ENZC)

[foxi]

We don't know that it's holding up progress but it seems likely as far as the audit is concerned. (They'll need to know for sure who owns what shares.)

MAGA_PATRIOT also pointed out that the audit shouldn't hold up returning to Pink Current, only uplisting to QB, QX, or Nasdaq. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165804379

If there's more to the Savov story than we've been told, I could also see it possibly holding up everything related to ITV-1 (if there's a dispute over exclusive licensing rights), and maybe milestone-dependent partnership announcements (the "damages caused by Mr. Savov to relationships recently announced between the Company and other entities" mentioned in ENZC's latest financials) But that theory is also partially based on speculation and rumors we can't currently confirm.

Other possibilities include:
- The lawsuit is not holding anything up, but earlier potential partners (Lonza?) got cold feet and walked away from the table, and new partners need to be found.
- Earlier partnerships are still intact, but all parties are keeping them confidential for some reason.
- Things could be trucking along as usual and there could simply be no news yet.

Going by what we do know, I don't see how the legal action could hold up other mAbs news or partnerships that are not specifically related to ITV-1. Big news could still be imminent/forthcoming. But if there's a risk that Savov could sell 70 M shares there could be an interest in ENZC not pumping the stock price for any reason before legalities/negotiations are resolved. That said if ENZC wants the share price to stay steady, imo they'll need to throw investors a bone prettty sooon.