Enzolytics Inc (ENZC)

[I-Glow]

SMH! The S-1 is a registration statement as is a Form 10 but ENZC hasn't filed either.

First you have to have 2 years of audited financials and they don't any audited financials.

ENZC would be far more likely to file a Form 10 rather than a S-1.

"What is SEC Form S-1?
SEC Form S-1 is the initial registration form for new securities required by the SEC for public companies that are based in the U.S. Any security that meets the criteria must have an S-1 filing before shares can be listed on a national exchange, such as the New York Stock Exchange. Companies usually file SEC Form S-1 in anticipation of their initial public offering (IPO). Form S-1 requires companies to provide information on the planned use of capital proceeds, detail the current business model and competition and provide a brief prospectus of the planned security itself, offering price methodology and any dilution that will occur to other listed securities.

SEC Form S-1 is also known as the registration statement under the Securities Act of 1933.

Additionally, the SEC requires the disclosure of any material business dealings between the company and its directors and outside counsel. Investors can view S-1 filings online to perform due diligence on new offerings prior to their issue."

Once again copy and paste without understanding the meaning or significance.

To become a SEC reporter they would have to file either a S-1 or a Form 10 but they won't because they don't want to deal with the SEC.

As it is they are on the precipice of having SEC problems because of how they are pumping a non-existent deal for $250M. I am going to bet this is a problem for the company in the near future.

IG