Enzolytics Inc (ENZC)

[sspalmo]

The delay in returning the preferred shares to Enzolytics leadership due to the failed SPAC business combination agreement is most likely due to the GLD vs. SAGA court case. I'm surprised the case is still going on after the Nasdaq ruling on delisting SAGA due to the deficiencies, but then I was also surprised SAGA decided to put up a non-refundable payment and challenge being delisted from Nasdaq and then drop the challenge on the final day. In my opinion this deal should have already been found invalid (reversed) and the preferred shares returned to Enzolytics leadership. I think whoever is running this now is just buying time by using lawsuits, Nasdaq challenge, fluff PRs, etc. so they can sell more of the available authorized shares. In my opinion it's going to take a lot from CCC to regain confidence from shareholders.