Enzolytics Inc (ENZC)

[foxi]

Agreed, if we're going to see a R/S, it'll be shortly after the lenders or whoever finishes unloading their shares. Kinda wondering if that's early March...

While I agree with others that ENZC pps can technically rise on its own merit without a R/S, if the company starts delivering results -- imo they would have more control of share value by limiting supply, ie they should reduce share counts now across the board, increase authorized later to create new shares, and be more selective how they distribute the new shares to make deals sweeter for future partners.

2.8 billion O/S is ridiculous and there's only 200 million headroom from the current authorized for future maneuvering. That looks unsustainable to me.

If the company pairs a R/S with big news and fresh revenue, maybe the buy and sell pressure would balance out. (Assuming no more convertible unloading.) In this very red market, R/S would be disastrous otherwise, since it'd give this ticker a whole new cliff to go over. And pie in the sky: if they R/S and price stays high enough long enough, it could also give them a faster track to Nasdaq. (Assuming they deliver the audit)