Enzolytics Inc. (OTC:ENZC) is starting to look like the next Spongetech
As of December31, 2020,the number of shares outstanding of our Common Stock was: 2,797,935,953
As of September30,2020, the number of shares outstanding of our Common Stock was: 2,438,670,097
As of December 31, 2019, the number of shares outstanding of our Common Stock was: 1,066,020,359
Think that’s bad, well it gets worse
Sooooo many different types of preferred held by a handful of people.
That 1 Billion shares issued generated $3m that’s about 3c a share, not bad business if you are buying that considering the stock hit almost $1.
3% conversions, no wonder the stock couldn’t hold its value.
And the Toxic debt festival continues, actually there is so much toxic debt it looks like the full-time job of most of the companies employees just to manage the mess.
Conversion prices appear to be 50% discount to bid and or .0001.
Can’t wait to see the next report, we will do some digging on where this debt is going to and who is converting.