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Wednesday, August 24, 2022 6:19:51 PM
ENZC added 1,600,000 Series B and 2,500,000 Series E according to the latest quarterly disclosure. From earlier analysis it appears Series B converts to Common at 1:10. Series E also converts to Common but we don't know the rate.
There are 447,180,000 outstanding Series B according to the latest quarterly. A potential 4.47 Billion new Common!
Series E still has accounting discrepancies as they're only showing 2,500,000 total outstanding on the latest quarterly, when earlier filings showed this anywhere between 2,500,000 and 25,000,000 previously outstanding, with 7,500,000 in new issuances also thrown around in one filing.
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I edit too much! Refresh any of my recent posts to get silly little updates and clarifications.
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