Enzolytics Inc (ENZC)

[thevoyager]

Well there are rich people out there that like to gamble with penny stocks, it seems an unlikely case thou since why would a millionaire gamble on such a company? I know there are way better ones out there. Anyway it is possible that some insider is being left to get in before the announcement, it seems like a real bid getting filled slowly, 20 million shares or so have been bought by the same person it seems if it truly has been a legit bid for an initial 60 million shares. It seems to be actively managed as the bid is dropped when possible, and I suppose he is also buying at the ask once in a while during the day. So this is a real possibility and if its so then soon the bid will fill to give way to the pr.

However there are three other possibilities, it could be that some insider is just manipulating by attracting attention from people slowly before a pr is released and then just dump on the higher demand, it could also be that its a big old short covering, or it could be just an idiot making a supper risky bet just because he can.