Enzolytics Inc (ENZC)

[foxi]

A lot of the price movement has been on relatively tiny volume. The float is 2,141,602,954 shares. So the 30-day average volume of 12,126,889 (363,806,670 over 30 days) is a drop in the bucket but still took the price from a high of around .154 to today's low around .07.

17% of the float moved the price over 54% down in this time period, not even accounting for flippers who rebought and resold along the way.

I agree this doesn't look like toxic debt / prior lenders considering this year's disclosures. The price movement does, but if they're dumping mass amounts of shares imo we should see a lot higher volume.

Still, a curious thought is what if the toxic debt / prior lenders finished their conversions a few years ago but still kept shares to sell in 2021? It doesn't sound like how they'd typically operate, yet if they had the patience for it they could be making bank selling at today's prices vs rushing to dump months ago somewhere in the trips. (ENZC has only been out of the trips for 14 months)