DD Support Board and Research Team

[jaxstraw]

ENYC - want to see some crazy convertible preferred stock numbers.....

Convertible rate of 1 for 288,670 basis of common stock at any time after May 1, 2010.

Series A Convertible Preferred Stock - 2,886,704

If the owner just decides to convert 1000 shares of the Preferred stock it adds 280 million+ to the float.

And they would still have 2,885,704 of the convertible preferred shares left to do as they please.

Those numbers are staggering and I hope that the folks who are jumping on this momo reinstatement play don't get caught in a vise..... although apparently ENYC has already traded 5X's it's reported float in the last few days.......which should be a red flag to some already.

http://www.otcmarkets.com/stock/ENYC/company-info
Float 444,458 a/o Dec 11, 2012

(.... anytime I see a penny stock company include 'float' numbers on OTC it should be a bit of a warning....)

This is a set-up that might see some folks get crushed following the pump.

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=96543