Replies to post #178132 on Enzolytics Inc (ENZC)

[MAGA_PATRIOT]

I doubt that OTCN is Savov. Those 71M shares were already part of the OS. I believe OTCN is the one diluting and/or where those 140M new shares came from.

Also, do we even know that Savov got the full 71M shares? We know the case was settled, but have we seen anything from the company telling us the actual outcome of the suit?

[Dyno89]

The hell would they need funds for when they supposedly have a $250 million deal ready to go? If the “funds” were to close on that, then why don’t they just be open with shareholders and come clean on what all has been going on.

As usual we’re left with nothing but questions that go unanswered and a big black cloud hanging over this thing now.

[foxi]

Savov's shares were restricted according to this PR:

https://www.otcmarkets.com/otcapi/company/financial-report/323613/content

As of December 31, 2021 there were 451,289,565 restricted shares remaining of the 2,797,935,953 originally issued prior to October 15, 2020. Approximately 71 million of these restricted shares are part of a lawsuit filed by the Company. The remaining 380,289,565 have met the SEC requirement for removal of the restrictive legends but have either not elected to or been unable to obtain an opinion letter acceptable to the transfer agent or are held by Officers and directors of the Company.

I don't think enough shares have been moved from restricted to unrestricted to account for Savov selling anywhere near that many. Also since there's still a lawsuit in progress involving Savov, some are of the opinion there's been no settlement transferring him any shares.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171950370