Enzolytics Inc (ENZC)

[foxi]

That would be fantastic if we can pin it down, and it could be another explanation for why some of the old debt is absent in the latest filings. It would have to be a reorganization that happened after the Q3 2021 reporting period since $8,795,075 in derivative liabilities was reported in Q3 (filed November 2021) so if it's there, it'll be in one of the four newest disclosures on otcmarkets.

There's something on page 10 of Annual Report - FINANCIAL AND FOOTNOTES 12.31.2021 about treating old convertible notes as debt of ENZC's subsidiary, but it doesn't look to be talking about the $8,795,075 in derivative liabilities.

The transaction with Landmark was not completed by the Company. Subsequently, on February 14, 2012, the Company issued 50,000 shares of registered common stock to the holder (post reverse stock split) in satisfaction of $50,000 in principal on the notes. The balance remaining is $140,000.00 and was subject to the 251G reorganization and is not convertible into ENZC shares but is now debt recognized as convertible debt of the private entity ENZC Sub, Inc. (“Predecessor”).