"Laugh all you want, but this is exactly what the SEC does investigate as an illegal shell game to defraud investors. However, the only way they get caught and forced to pay back shareholders is if a class-action is filed as such."
For the most part the SEC considers the OTC as knuckleheads screwing over other knuckleheads - that don't have the juice to cause problems.
A class action lawsuit wouldn't work because the company doesn't have anything of value to attach. A law firm wouldn't take on an expensive class action lawsuit unless the company had a great deal of assets.
If the SEC filed a complaint against ENZC and collected some money - they have a program called the Fair Fund and the money collected is distributed to shareholders. But the formula is complex of who gets paid.
I believe the only solution is to file a lawsuit against the insiders - and hope they have D&O insurance.
There is a great deal of information about the insiders committing Securities Fraud against the shareholders.
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