Enzolytics Inc (ENZC)

[foxi]

Interesting assessment. With all the shakedowns, short selling, bouncy corrections and flippers this year and last, I doubt MMs have missed an opportunity to accumulate shares. Retail's definitely holding a good chunk, but 2.8 billion outstanding is a lot of shares.

I bought a few more after learning of the NDA, because the NDA seems more concrete than the stuff Tom and Chandra keep tweeting, but I still see my money being at high risk since ENZC has been over promising and under delivering for many months. People are hopeful the NDA is something huge, but if the news drops and it's not something huge, I imagine share price will take a hit. (That would be social media's fault for hyping too hard, but still.)

Since the little man knows, be careful to take profits if news drops and this runs! There's bound to be flippers ready to sell the news. I imagine some folks may take the opportunity to liquidate and walk away, if they've been bagholding for a few years. There's 380 million restricted shares already issued that can be flipped to unrestricted and sold at any time. There also appear to be up to 5 billion common shares that may eventually be issued, due to ENZC's convertible notes, and likely more yet to be accounted for due to missing information in the filings - the safeguard for now is that the O/S is close to maxed out, so there's unlikely to be too many conversions without restructuring (probably a reverse split). If tides turn and there's money to be made, those Preferred shareholders will want a piece of the pie.

It all amounts to what I anticipate will be a strong selling pressure in the months ahead - and that can be counteracted by strong buying pressure if the company opens new doors with its NDA & operations.