Enzolytics Inc (ENZC)

[foxi]

When I sifted through the filings a few months ago, there are a lot of missing numbers and some outright contradictions. Maybe an experienced audit team can't sign off on those inconsistencies without requests for additional documents, and a lot of slow back and forth. But didn't this process start in early 2021 and isn't the audit only for a 3 year reporting period?

ENZC told us repeatedly they believed the audit would be completed soon. They said this after the legal cases were known and ongoing, so presumably the lawsuits wouldn't have an impact. What's changed since the last time they promised the audit that could have redirected the company's plans, or was it not being forthright in the first place?

If the holdups are still Malone Bailey's fault, as ENZC claimed in a past filing, it's pretty important to see some kind of status report and maybe a list of steps ENZC is taking with MB to address the delays. (I've been away for a few weeks so maybe they tweeted something and I missed it?) People make investment decisions based on the company's statements.

Otherwise the continuing silence seems to suggest something bad! Would be nice if the audit was done and the NDA was something like an acquisition deal that would make it pointless to uplist, but there's a lot of caution flags here too.