Enzolytics Inc (ENZC)

[foxi]

Class B appears to be convertible 1:10 for common. Class C appears to be convertible 1:100 for common. Neither can currently result in significant dilution given the current O/S is 2,830,435,953 and the A/S is 3,000,000,000. So only ~170 Million new common shares can currently be created, which would be worth only $6.67 Million at today's prices.

You're right, we have no info on Class E, which are a convertible class.

I did an analysis in April and found conversion pathways for up to 5,310,745,365 new common shares, plus more from unknowns. If ENZC ever does a reverse split or increases A/S, that's when we'd need to be on the lookout for significant dilution.

In the meantime, the company says 380,289,565 of its restricted common shares "have met the SEC requirement for removal of the restrictive legends" so those could always enter the float imminently and have a dilutive effect.

A/S and O/S:
https://www.otcmarkets.com/stock/enzc/security

Company statement on outstanding restricted shares, Page 1:
https://www.otcmarkets.com/otcapi/company/financial-report/323613/content

Some parts of this DD are dated now, but the share structure hasn't changed significantly since April. Summary is toward the bottom of post:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168639909

Class B conversion 1:10 to common from earlier filings:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168313089