To clarify, although the total unrestricted shares increased significantly in the last few months, total restricted stayed nearly the same. Another way unrestricted shares might increase is to issue new shares directly. For example if the company was diluting.
The total unrestricted increased by 77,094,580 but most likely only 16,726,400 of those came from restricted becoming unrestricted. The other 60,368,180 are likely brand new and went directly to unrestricted.
Restricted as of 5/30 is reported at 400,363,185 shares. Savov's disputed 71 million were still part of the 451,289,565 restricted reported December 31, 2021. That's a difference of only 50,926,380, so any of these scenarios is possible:
- Savov got up to 50,926,380 shares moved to unrestricted per a settlement - Other parties moved up to 50,926,380 restricted to unrestricted - Bigger changes happened, but the company simultaneously issued more restricted and kept the total count steady. (Unlikely imo)
I believe if you dig deeper your will find that the court ordered the shares to be released by Empire and against ENZC's wishes. Since a lawsuit has been filed against Savov by ENZC. Their has been plenty of selling by OTCN ever since May 15 that could have very well been for Savov. With 250 million traded since May 15th the opportunity to sell most has been there. Now we wait to see if and when OTCN drops off from the selling. If it continues much longer we know that we have another seller (if not already with INTL).
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