Enzolytics Inc (ENZC)

[foxi]

I stickied it, good food for thought!

We can see the charts bowling out which supports the idea there are fewer big fish still unloading shares. Big fish selling say a billion shares is also a viable explanation for what MAGA has tracked for us with the MMs working together to sell so many shares for so long. (With say a billion shares to unload, perhaps they'd coordinate the drops with one another to keep from crushing this.)

In your analysis, don't forget Livingston had restrictions on how many shares it could keep. Also don't forget to consider the volume in and after October 2020 as ENZC had some nice pops and then the big run - big fish with shares surely would have sold many then. The 3/16/22 disclosure lists share issuances; it tells us nothing about whether people held or sold or rebought after they received shares. (Except for the increasing float.)

The reorganization and housecleaning stuff is interesting, it doesn't have immediate payoff in PPS so why would ENZC go to the trouble if they were running a P&D scam or not looking to be around long term. I personally don't think the selling is done yet, because I haven't noticed a noteworthy volume uptick or clear loading zone yet. I also think whopper news or a news cascade that sends this skyward to old highs is unlikely. But very excited to see what happens in the months ahead!

Nice post!


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