Tuesday, September 27, 2022 1:12:44 PM
Even under NDA, ENZC could always give us generalized updates, like they did in the latest filing where they talked about business activities with partners without delving into specifics or dropping names.
The latest filing shows the company with only around $515k in cash midyear. The cash burn looked to be at least a couple hundred per quarter, sometimes more. They've got Samsung production, IPF production, ITV-1 production, patent applications and auditing all happening all at once, and there's bound to be some ongoing expenses. If they haven't secured additional funding, cashflow issues could really slow this down. (This is speculation since we don't have any further info. I don't totally buy that cashflow is the only issue here, but it's still something to note.)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169913543
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169914341
EDIT: I just saw this post from Timing101 that shows a recent Livingston share conversion. If ENZC knows a big shares dump is ongoing it would behoove them to hold their news until that's finished to keep shareholder benefit from getting swallowed up by Livingston's selling pressure.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170054001
If I'm reading that right, Livingston has been getting a steady flow of shares to sell due to the settlement with ENZC, and isn't allowed to hold more than 283 million of them (10% of outstanding), and ENZC has been forced to facilitate the conversions.
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Sometimes I edit my posts in the first 15 minutes. Refresh for the latest.
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