Enzolytics Inc (ENZC)

[Wisdom of Locke]

This was covered in post 145990 and originally in 145343

Looking at the new disclosure, I see an additional 25 million that moved from Restricted to Unrestricted, looks like natural maturation. Float increased by 1% between Sept/21 and EOY/21. But since there are no new shares issued (no dilution), that means that the available Restricted shares is reduced by that 25 million.

Looks to me like the Float situation is a non-issue.


145343:

Maturing stocks are a normal and natural process.

There are about 2.2 billion Unrestricted Shares, with Restricted shares are only 400+ million, of which 300+ million are held by officers and directors. Almost all other issued shares have aged and are free floating right now.

The only shares still restricted that arent accounted for are shares held by officers, shares tied up in litigation.

70 million of those restricted shares are the subject of the Savov litigation. In my opinion, the restrictions on those shares will NEVER be lifted. Using math, that means less than 100 million shares (less than 4%) are even available to mature and add to the float.