Enzolytics Inc (ENZC)

[Timing101]

Ok , stop and think. You know what you know on the DD
are you close . Yes
Did I just buy some shares at less than 3, Why yes I did
https://davidmcelroy.org/?p=9964
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What do you know in the past few months. An on going 1-5 million shares traded per day with about 1-3 million selling, the rest buying or close to that , but for every sell ,there is a buy.
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MM's work on behalf of orders . Those Shares are coming from somewhere, someone, a source that has gotten shares for much less and are converting them. Plain and simple
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Did you notice a real funny date on the last disclosure .. Even though it was through 6/30/22 , there was a date past that and it was this month. Sept 7 , 2022.
Looks like our old friend Livingston still had some out there and when they are done they will stop. The got those shares very , very cheap
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page 7 of 25
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On June 25, 2018, the Company entered into a settlement agreement and stipulation (“Settlement Agreement”) with
Livingston Asset Management LLC (“Livingston”) in connection with the settlement of $563,000 of bona fide obligations
the Company owed to certain of its creditors. The Settlement Agreement was subject to Federal court fairness hearing, and
on August 21, 2018, a federal court granted approval of the Settlement Agreement. If satisfied in full, pursuant to the
Settlement Agreement the Company shall reduce the Company’s debt obligations in exchange for the issuance of
563,000,000 shares of Company’s common stock, in multiple tranches, pursuant to the terms of section 3(a)(10) of the
Securities Act of 1933, as amended. At no time may Livingston beneficially own more than 9.99% of the Company’s
outstanding common stock. In connection with the transaction, the Company issued to Livingston a convertible promissory
note in the principal amount of $100,000 bearing interest of 10% per year to cover legal fees and other expenses, The
Note was convertible into shares of the Company’s common stock at 50% of the lowest closing bid price for 10 trading
days prior to the date of conversion. Under the terms of a separate engagement letter, in connection with the settlement
agreement, the Company is to pay a registered placement agent ten percent (10%) of the dollar amount of creditor
obligations extinguished pursuant to the settlement agreement. As of September 7, 2022, all 563,000,000 from the
settlement agreement have been converted.