Replies to post #172465 on Enzolytics Inc (ENZC)

[Dyno89]

“If it's an equity deal that involves converting our stock into that of the other company, it pretty much makes our past 3 years of holding a complete waste. They would just take our shares, which are currently intentionally undervalued by a minimum of 10X or 1000%, and convert them into shares in the other company. In other words, for the sake of easy/rounded math, lets say the other company is valued $45 per share, so if we own 5M shares of ENZC at .045, we would end up with only 5,000 shares in the new company (1 share of other company for every 1,000 we hold).”

That would make zero sense to convert to where shareholders made nothing in return per your example.

Especially when Charles owns shares himself.

Your example is basically saying that Charles would give away ENZC for nothing.

[Catpole]

Reasons to increase authorized shares: 1. May involve a merger and/or acquisition of another company. 2. Used as a defensive measure against a hostile takeover and 3. Used to raise more funds.

I mention number two only because of the earlier MM action that we witnessed between two different MM's with transactions that certainly looked to be moving shares from one to the other and was not typical retail trading.

My bet is that it is for either 1 or 2 above and eager to find out the details in the near future. I expect some news between now and April 17th deadline for the extension.