Enzolytics Inc (ENZC)

[MAGA_PATRIOT]

OTCN is just another Market Maker, usually non-retail. They’ve only been active on ENZC 2 times, and both times have hurt us.

1. In Jan 2022 OTCX (same MM as OTCN. Sometimes they use OTCN and other times OTCX) synced up their algo with VIRT to drive us from .159 back under .10, without actually buying or selling. Just simply used their synced algos to control/drop both bid/ask until the pps was safely under .10 with plenty of padding, then both OTCX &VIRT disappeared.

2. In May 2023, once again the second we broke .10, both VIRT & OTCN appeared and did the exact same thing they did in 2022. Synced up their algos and drove us way back under .10 without buying or selling. Once they got the pps down to .06 or lower, OTCN began selling and hasn’t stopped since. However, last week when we saw a small spike, they stopped selling and didn’t start again until ASCM pushed us back to .05 or less.

I’m not really sure what’s going on with them, but it’s definitely strange that they are intentionally selling for less.