Enzolytics Inc (ENZC)

[HangGlidingJesus]

Huh?

SEC rules only involve shareholders if there's insider trading or a shareholder holds 10% or more of stock (this is to make sure the shareholder isn't manipulating things to their advantage).

To get back to the original point of our exchange, communication, the SEC does have rules based on financial reporting and whatnot depending on the class of stock the company is listed as. When I mentioned penny stock, I was referring to the pink classification of OTC stock, of which $ENZC is. This is the lowest level of stock with the least amount of reporting requirements.

Definition from Fool.com:

Pink Sheets: Companies traded on the Pink Sheets (also sometimes called the OTC Pink Sheets) have no reporting requirements and don't have to register with the Securities and Exchange Commission (SEC). While there are some legitimate companies on the Pink Sheets, this is where you'll find many shell companies and other companies with no actual business operations. Most stocks that fit the definition of penny stocks can be found on the Pink Sheets. (Note: In the book/movie The Wolf of Wall Street, which was based on true events, most of the stock scams were conducted with Pink Sheets securities.)

Here's the link that the above quote was taken from: OTC Market Levels

NOTE: The above doesn't describe what it takes to be Pink Current vs. not. This has to do with minimal annual reporting of financials to maintain current status. It has nothing to do with communicating with shareholders in any manner.

When people on the board post that they're waiting for $ENZC to uplist, this is why.

So to reiterate my original point: $ENZC does not owe the shareholders communication on ANYTHING.

GO $ENZC!