Enzolytics Inc (ENZC)

[Valuator2]

Maybe that was the intent. if the elimination of the 5 Bulgarians' Preferred B stock was not a reporting error and that stock has been cancelled or delayed, ENZC may have needed to raise the money to refund the $2 mill or they haven't yet/will not receive the funding. So, without that funding, ENZC might have needed to replace the $2 million to fund something that money was intended for, such as IPF inventories. Just another possible reason for the dilution other than the concern you've expressed.

Let's also not forget the 71 million shares already outstanding that may come back into the fold.