Friday, May 06, 2022 4:41:53 PM
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168639909
It's a lengthy and fairly technical read, but may have some answers for you. In a nutshell, it looks like there's a lot of old notes including convertible notes that are still most likely in play. We know from ENZC's latest filing (2021 amended financials) that there's an accumulated deficit of $29,533,234.
I don't think these financial liabilities are holding up the audit. This filing page 11 states "There are no disagreements with the auditing firm and the Company is working closely with all parties to finalize the audit." I don't think other types of "liabilities" (like fighting with Savov about shares) would be either - couldn't they just add a disclaimer and move foward. An uplisting to QB has new reporting requirements so the delay may be ENZC wanting to avoid those for the time being, since they seem to be in a period of rapid evolution, possible ongoing dilution, and behind the scenes dealmaking.
I edit too much! Refresh any of my recent posts to get silly little updates and clarifications.
Recent ENZC News
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