Enzon Pharmaceuticals Inc. (ENZN)

[dinogreeves]

Well, I have known ENZN when it was trading on Nasdaq a while, while back. Just a few months ago I was scouting through the OTC markets and saw an 8K, read it and then read their 10Q and 10Q, I said, Wow!!! at the time it was very low volume hovering around 7-9 cents. To me that was a big surprise, I usually look for low market cap stocks with deep, deep value, this definitely also stood out for me, Icahn owns close to 35 million shares, maybe more but undisclosed/non beneficial, I also saw that the directors at helm have experience in energy, also saw that they need to keep the stock above 10 cents to keep QX tier, also saw that they are currently in negotiations with an acquisition. About a month ago, I did a Google search about shells with money in the coffers, what I found was that this kind of merger is one of the best for shell plays, 45 million dollars in the bank in the OTC as a shell is a rarity to be honest, I have only seen SPAC companies in the range of 200-250 dollars in a trust account, but to see this in the OTC truly a rarity. I have been in some of Icahn plays myself, the first one I got in was RAI*L back in 2005, but he is 91 years old now, so who know what his plan is, all I know his investment fund has a good size position here. I also noticed based on the last filings that they plan on changing their annual report date, that tells me maybe something is coming as far as merger. I have yet to research on the directors at the helm. How do you know this ticker?