Enzolytics Inc (ENZC)

[Valuator2]

I'll defer to your knowledge about what the NASDAQ will or will not do, but I agree the double dipping has got to be eliminated. That can be done by either cancelling the 9 million share deal or forcing the exchange to include BOTH the Series A's and B's. From my calculations several months ago and working off of the 6/30/23 balances, the B's held by management can convert to about 3.9 billion shares, or about 50% of total of fully diluted shares as of 6/30/23, although some have already been converted to common and likely sold since then. JMHO.

I think they may be vulnerable on this issue and consequently better do something about it. JMHO. I have long questioned how they got that deal and that the negotiations may not have been at arm's length. The GLD lawsuit revealed some information we otherwise may not have ever learned. JMHO.