Enzolytics Inc (ENZC)

[Wisdom of Locke]

Check out post 145990

The key to remember is that there is no dilution. None since Oct 2020 (when the price was $0.0001)

So, if no dilution (which is the MUCH larger issue) what about float?

There are about 2.2 billion Unrestricted Shares, with Restricted shares totaling about only 400+ million (as of September 2021). So, that’s the max that can mature. Looking at the new disclosure, I see an additional 25 million that moved from Restricted to Unrestricted. Probably natural maturation. Float increased by 1% between Sept/21 and EOY/21.

The 300+ million held by officers and directors is unchanged. Almost all other issued shares have aged and are free floating right now. AND, the most did so when the stock was under a penny.

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.