MAGA if I kept up with everything like you do I wouldn't be able to sleep....Thanks for what you do...2020 even appreciates what you do he just won't admit it.
On every scam on iHub there always posts about nefarious MMs that are driving the price down that is never the case. It is the responsibility of a MM to bring liquidity to a illiquid market.
MMs do not "short" penny stocks. As part of making a market, they may have periodic short positions throughout a trading day if they fill buy orders for more shares than they have in inventory, but they also often have inventory when they fill sell orders. Having an inventory does not mean that they are going "long" any more than having a temporary net short position is "shorting." This kind of temporary short position is legal and necessary for efficient trading.
The ENZC price is depressed because investors are starting to understand that ENZC is a press release company - always veiled in secrecy. As I have demonstrated none of the information in the press releases can be verified.
ENZC is a share selling scheme to enrich the insiders.
MAGA, I don't think SAGA has had ENZC in their sights that far back. In fact, CC may have been attracted to the use of a SPAC as a strategic plan to get more visibility, funding and to get out of the OTC, and may have been looking for an eligible SPAC. I doubt SAGA itself was a candidate until their Saudi real estate deal fell through in February. That's when SAGA started looking for another deal. Which one found the other is not known.
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