Enzolytics Inc (ENZC)

[pumper_stumper]

Simple, they will have to increase the authorization. You don't create a convertible and then say to the owner, "sorry we can't convert, we are at the A/S limit". The convertible holder has the RIGHT to convert the shares. It's up to the company to provide them.

Increasing the A/S is simple, it can be done with a single filing in 15 minutes. There is no obstacle here. This "transparent" company will not PR this when it happens, more likely you or I will find the filing and report it here.

The other simple choice, is a reverse split. More involved than increasing the A/S, but still not difficult. Made easier of course since this "great company" has no shareholder voting (democracy? Who needs that?) lol.

IF we had the details (as true respectable transparent companies do, as opposed to pink sheets like ENZC) on the Preferreds, we'd be able to better anticipate the timing. The company though wants to keep shareholders in the dark, and they know 99% of their shareholders don't grasp the points presented here.

Two things are certain here, the O/S will be doubled, in time, AND the other is, once that happens, the shareholders suffering from this dilution will come up with excuses as to why it doesn't matter. I'll bump this when that happens