Enzolytics Inc (ENZC)

[foxi]

Thanks for responding. A couple things:

Since ENZC doesn't report to the SEC and there isn't any audited financials - there isn't anyway to know the true share structure.

As others have pointed out, there are audited financials for ENZC for recent years.

That is why they call these OTC Form 15 companies Dark because the retail shareholders never know what is going on with the company.

OTC Pink includes dark and defunct Form 15 companies. Companies labeled as dark or defunct "are those that have failed to provide any public financial updates, either to the SEC or to The OTC Markets Group." (src). Dark and defunct companies are shown as either a stop sign ("No Information") or an exclamation point ("Gray Market") on otcmarkets. ENZC is neither of these.

ENZC is Pink Current, which is for "companies that are providing information with either the SEC or the OTC Disclosure and News Service. This information is no more than six months old." (src)

https://www.otcmarkets.com/stock/enzc/

There isn't any reason to increase the A/S unless the insiders are going to enrich themselves further.

ENZC has issued other classes of securities than common stock. We know Series B Preferred and Series C Preferred are convertible to common, and Series E Preferred is convertible to some other class (likely to common). All three of these preferred classes have shares issued and outstanding.

Increasing A/S allows ENZC to fulfill its obligations to investors who hold these other classes of shares and wish to convert. This is especially important if management expects share price to increase later. (Increasing the likelihood that Preferred investors might wish to take profits.) So it's not necessarily a bad thing to increase A/S. However, increasing A/S enables the company itself to dilute if it so wishes.