Enzolytics Inc (ENZC)

[foxi]

Savov tried a test transfer with 200k shares, Empire is taking their time to fill the order because they know ENZC is trying to get a TRO. The TRO is for ALL shares Savov might request. (Up to the full 72M) Without a TRO, Empire is caught in the middle needing to serve an order from the shares' purported owner while also being asked NOT to serve any orders from the shares' other purported owner. So yes it's a big deal.

If the court doesn't issue a TRO, ENZC might have to add Empire to the lawsuit to prevent it from filling Savov's order. Suing its own transfer agent could make things all kinds of ugly for Enzolytics. ENZC's earlier transfer agent resigned to get itself off the lawsuit under similar circumstances.

It is unclear what would happen if the court didn't issue a TRO during today's meeting. (It may be a process that takes a few days to review?) I imagine Empire will try to buy ENZC as much time as possible to avoid getting any more entangled.