Replies to post #145385 on Enzolytics Inc (ENZC)

[pumper_stumper]

Post of the YEAR! Great work!

I have been looking into this and know that the company has never released the Preferred conversion info discussion in their financials. I knew this info was big because the company hides it from shareholders!!! (that's what pink sheets are about... half truths, hiding the key info)

Other (non scam) companies always publish this info about their preferred. Who knows, maybe this is the reason the auditors won't sign off on their books!!!!

Several times, I've challenged anyone that tries to imply great knowledge of the company to supply this info many times, but if anyone notices, the challenges go without answers, or more often being replies that try to change the topic. (that's typical in a pink sheet).

There are several other classes of preferred stock, and the same questions as still open for those. Are those series 10 to 1? 100 to 1?? 1000 to 1??

You've hit the tip of the dilution iceberg there

This is a way of ENZC has hid the dilution! There is 50% dilution on the table (Doubling of common shares). The Preferred cannot be sold or traded on any platform. They HAVE TO BE AND WILL BE, converted to common, eventually!

GREAT JOB!!

Hey, do you think Chandra will comment on it? lol And no, "I have no current plans to convert" means nothing!

I will follow this up later, after I do a couple of calculations!!!

[pumper_stumper]

The dilution of the past 3 years is NOTHING compared to what is coming.

Why doesn't the company reveal in their financials the terms of all the perferreds? THIS is why, to hide the coming dilution. 10 to 1 ration here... but there are several other classes! what are their ratios?

I'll be here to point them out when they hit the fan! And when they do, guess what? Dilution will suddenly be accepted as "no big deal" because there is no such thing as bad news in the pinks! lol

Forgot to mention, the series B conversion rate appears to be 10:1

[I-Glow]

The conversions mean that when the Restrictive Legend is removed from the Series B - they can be converted where 1 share of the Series B converts into 10 shares of common stock.

The amount of Series B stock issued to insiders is stunning as the dilution will destroy the price.

Just look at the Issuances and conversion.

Also the 2022 Annual Report hasn't been filed.

IG

[I-Glow]

I believe that you understand the conversions.

The problem is they issued shares illegally. Because the A/S is 3,900,000,000 shares - and the O/S is 3,333,646,557 shares.

The last time I checked Enzolytics wasn't registered as a Business entity in Texas.

Enzolytics can't conduct business in Texas without being registered as a Business entity.

IG