Enzolytics Inc (ENZC)

[foxi]

Did a bit more digging and found the source filings with the info in your screencaps.


All from https://www.otcmarkets.com/stock/enzc/disclosure



Annual Report - Annual Report Disclosure information December 31, 2019 https://www.otcmarkets.com/otcapi/company/financial-report/268123/content page 5 shows a bunch of shares for Livingston Asset Management as restricted.

Quarterly Report - For the period ended March 31, 2020 Disclosure Information https://www.otcmarkets.com/otcapi/company/financial-report/268124/content page 6 shows something like 400 Million unrestricted.

So Livingston was free to sell conversion shares starting sometime in Q1 2020 as far as I can see. Did they sell or hold?



by the time we get to:
Quarterly Report - For the period ended September 30, 2020 Disclosure Information https://www.otcmarkets.com/otcapi/company/financial-report/268126/content starting on page 5, I'm seeing something like 1.5 Billion unrestricted shares listed for Livingston, Seacor Capital, Sky Direct and a few other parties.

So these parties were free to sell conversion shares starting sometime in Q3 2020 as far as I can see. Did they sell or hold?



The big ENZC run began in late 2020, some time after Livingston could have unloaded many of those shares. But if Livingston waited to sell for some reason, and the run happened, there could be as many as 1.5 Billion shares waiting to unload in 2021+

Based on the historic volume I'm seeing, there was more than enough volume for them to have cleared out their holdings by May-ish 2021. Compared to the dramatic 2021 run, ENZC has been trading relatively flat-ish since May 2021 and on somewhat lower volume, so perhaps conversion selling is playing less of a role now?



I don't have time to snoop in the later filings or figure out where the other pre-2020 restricted issuances dropped off in the accounting, but in the latest quarterly report there are updated tables that show a few new restricted issuances that may have since gone unrestricted. (We'll know in a later filing.) Few or no new conversions.

Quarterly Report - QUARTERLY DISCLOSURE FILING 09.30.2021 https://www.otcmarkets.com/otcapi/company/financial-report/311215/content starting on page 5