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Valuator2

05/26/23 12:39 PM

#177991 RE: Catpole #177988

Don't know. If sold or exchanged by ENZC, it could have been for some debt (like the convertible note-about $300K, or the license fee-$1.55 mill) or operating capital or to fund expenses for the SPAC deal. 10 before 4/19 could have produced about $.5 mill (convertible note?) and 20 during the 1st 2 weeks of May could have brought in $2.0 to $2.5 million. We'll probably have to wait until the 2Q fins come out to know, unless it was for services and we may never know who got it, like the 32.5 million last year.