Enzolytics Inc (ENZC)

[foxi]

This is an interesting theory - that the lenders want their money and ENZC is required to facilitate conversions. ENZC probably couldn't tell us about it because other investors rushing to sell would pull the price down for lenders trying to dump shares, and they'd probably withhold news because the dumping would happen either way and crush momentum. This could be the NDA or "muzzle" some have wondered about. Am curious to see if there's anything about it on the next filing.


Also, I wonder if the odd Level 2 action we've been seeing is at least partially due to multiple MM's helping lenders unload shares. The coordination could be MMs having to account for each other's selling to dump as fast as possible without accidentally crashing the ticker.

It's been awhile since I checked many potential shares could be converted and dumped, maybe it's not as many as I'm thinking.