Replies to post #45639 on Enzolytics Inc (ENZC)

[redwing992006]

I am a (new) relatively large shareholder here since last Monday. It does appear to me that ENZC monoclonal antibodies could be HUGE!. It is a positive that FDA has approved monoclonal antibodies from another company or two. When reading some of these posts, it appears that some here feel this also includes ENZC. I don't think that is the case (yet). However, with all of the news coming up, testing, and megers news as well, I think we have a BIG WINNER here. Hope the fda or whoever is in charge starts giving EUA for drugs out there that can and will save lives, like ENZC's

[BonnieMac]

Brezlin, what do you say in response to Zardiw's Post?:
How Convertible Debt Works:

Look. MOST companies go the easy route to get money by issuing convertible debt, which is a LOAN. If the company can't pay back the LOAN (usually within 6-12 months), they issue SHARES to that loan company (loan gets CONVERTED to shares).

The loan company gets those shares at a HUGE discount. It's in the loan agreement, and is usually something like "Shares issued to cover our loan will be at a price that is 50-70% LOWER than the LOWEST price in the last 20 days.".

Now the loan company will SELL those shares to get back their money.

Example:

SO, according to #DDAmanda,the lowest price about 2 weeks ago and within 20 days was .0008 .

50% of that is .0004. So the loan gets 'converted' into enough shares at a price of .0004 to satisfy the loan amount.

If they borrowed say $30,000, that is 75M shares, which they will sell.

They make a killing.....cause at the start, they're selling shares at .0012-.0020 ..of course the price drops, and they'll sell lower. But hey, their cost basis is .0004, so they really don't give a rat's ass, cause they're making MONEY....and a HUGE PROFIT.

Another thing they do is get the share price pumped up (social media, Twitter, fake rumors, etc), so they can make even MORE money.

They will also try to drive the price down BEFORE they convert, so they can get their shares at the lowest price possible.

75M at say .0018 is $135K .....so they make a profit of $105K on their measly $30K loan.......you get it now?

They don't care a rat's ass what happens to the share price....they just SELL........and most of the time, there's not enough demand to absorb all that selling, so the price drops.

Some times there's enough demand cause of good Fundies/Pumping...and the stock runs, and then they REALLY make a killing...

I don't know if your company has conv loans, but I'm betting they do....most companies do....so you can check their filings...some companies list them..others don't.

z