Enzolytics Inc (ENZC)

[foxi]

Keep watching the O/S for any new conversions or dilution, but at last count there were 380,289,565 restricted Common that were already issued and could be flipped to Unrestricted and sold at any time, which wouldn't increase O/S. I think there is a lag (several days? next reporting period?) before restricted/unrestricted numbers would be reflected in the OTC market totals? Either way in 2022 up to 380 million shares could potentially enter the market.

With each increase in Float the total Restricted shares decreased in the same amount. As of December 31, 2021 there were 451,289,565 restricted shares remaining of the 2,797,935,953 originally issued prior to October 15, 2020. Approximately 71 million of these restricted shares are part of a lawsuit filed by the Company. The remaining 380,289,565 have met the SEC requirement for removal of the restrictive legends but have either not elected to or been unable to obtain an opinion letter acceptable to the transfer agent or are held by Officers and directors of the Company.

http://www.otcmarkets.com/otcapi/company/financial-report/323613/content


Edit: nope, it's not these shares that are being sold! OTC Markets has the last Restricted/Unrestricted reporting date at 7/1/2022 and there are 451,289,585 restricted shares which are the 380 mil plus 71 mil from the Savov case. Curious.

https://www.otcmarkets.com/stock/enzc/security