Replies to post #182061 on Enzolytics Inc (ENZC)

[foxi]

I flubbed up the math on the exec salaries, adjust accordingly. :o)

Balance sheet in the last quarterly showed only $156,559 in operating cash at end of March, which wouldn't even cover one month of management's salaries. ($40k/mo cash burn just for the four execs with the 2020 three-year employment agreements. See bottom of page 33)

$156k would cover four months of salaries at that burn rate. Point being, ENZC also has operating costs, other people to pay, etc. and $156k isn't a lot to work with. They might need to sell some shares to keep things liquid.

[MAGA_PATRIOT]

foxi - To clarify, I never suggested that ENZC was dumping, nor have I EVER once over the past 3 years suggested that ENZC is stock selling scam. I've vented my frustration with the over-promise/under-deliver many times, but have never ever suggested they were a scan. All that I said in that recent post was that somebody is dumping newly unrestricted shares, and it doesn't make a ton of sense if a $4.5B valuation is around the corner, which is suggested by those saying the $450M is only for 10%. OTCN started selling the second those shares went unrestricted, which is why I said it was the newly unrestricted shares.

I agree that it could be for many reasons, one of which is a pre-arranged transfer/sale of shares at a specific pps, which would explain why there's been such an effort to hold this down.

Anyway, my point was that it's been publicly announced that BGEN/VIRO are being acquired for $450M, so it's just incredibly strange that ENZC's MC, already sitting below $150M with BGEN/VIRO, continues to be pushed down further.

But how could we confirm ENZC is dumping newly unrestricted shares at all? Shares moving to Unrestricted may be being sold. The float on OTC markets hasn't been updated since March 2022. Trade activity we're seeing could be for many reasons.