Replies to post #186511 on Enzolytics Inc (ENZC)

[outlook2020]

How does one hold something down when there is little or no buying?

[DRHUMI]

I think that is just Lawyer talk like the other 175 pages. Just a fail safe in case. ASSUMING, which is in caps for a reason, SAGA tells the SEC what their plan is to be compliant by next Monday, it will be all moot anyway.

Maybe all they have to do is say the deal will close soon and that will wipe out their requirement to file the late 10Q's.

[outlook2020]

I get it, it is a signal to the club to stop buying so it drops back, so the club can buy more after selling at top. Not hard to read…

[docsetc]

Exactly, until the ENZC side is funded and distributions go to VIRO and BGEN, to close that deal, we could and 'should' see pps drain back down again. Add to the possibility of the deal being canceled, and 'binding deals' on OTC Pinks often get canceled, the natural shareholder worry to move their remaining share value to 1 or 2 of the other potential stock tickers involved with this, and you can easily see the volatility that will remain until early 2024, delays expected.

[raja48185]

Even though it's now binding, they can still terminate the deal if not closed by Dec 31st. I think this will cause the volume that we've been wanting to be delayed until deal is actually closed and/or after 12/31 to ensure it's not terminated.

That is one way of looking at it. Extending the argument further, one may say that they may go bankrupt in a year or two even if the deal goes through.

An optimist will take the news that the contract is binding and go ahead and buy the stock.

What page 20 says about termination is more or less a forward looking statement; a safe harbor - typical boiler plate that companies use every time they have a SEC filing.