Enzolytics Inc (ENZC)

[foxi]

Agreed, there'd be little reason to have preferred shares that are unconvertible except to create value for insiders in an acquisition. I expect to see A/S increase. If they're clever about it, they do it all quickly as an uplisting + reverse split + maybe an A/S increase to balance everything out for all stakeholders.

Many people will see a R/S as good if it's tied to the idea of uplisting.

Whether they're intending to convert the Series B and dump, or hold the shares with the option to convert later, or use them in deals, it makes sense to unlimit their potential.


From https://www.otcmarkets.com/otcapi/company/financial-report/311215/content there are 465,000,000 Series B with 10 shareholders of record. 10,000,000 Series C with 2 shareholders of record, 1,000,000 series D with 0 SOR, 10,000,000 Series E with 1 SOR.

This next bit is pure speculation, but I betcha the Series C D and E are ultra-preferred and a bigger ratio than 10:1