Common Shares (EM) (ESNC)

I received this correspondence about 10 days ago from Etrade. ESNC was removed from my portfolio too.

PLEASE REVIEW RECEIPT FOR YOUR NON-TRANSFERABLE SHARES
At E*TRADE from Morgan Stanley, we value you as a client and are committed to keeping you informed about your
account(s) with us.
What you need to know:
Transfer agent services are no longer available for the position below. As a result, we are unable to register and
deliver a physical certificate to you. This receipt is evidence of your ownership in lieu of a physical certificate.
The position has been removed from your E*TRADE account and will be displayed as Non-Transferable Security on
your account statement.* Also, if this was the only asset in your account, your account will be closed.
If your account remains open and we become aware of active transfer agent services for this security in the future, we
will attempt to reinstate your position.

This stock disappeared from my portfolio today. Anybody know what's going on??

It looks like the trading yesterday was insider buying. Why the stock price is 2.09 is a mystery. I tried to sell 1000 shares at 2.00, but nothing happened.

Some trading has been happening the last couple days!

Another 1200 shares traded today. No movement. No indication if it was a buy or sell.

Wrong direction, but iut traded again. 9,959 shares.

It actually traded 2770 shares today.

SEC is all over the place not doing stuff it was doing and doing stuff it was not doing.

The EM market, saved the SEC a lot of money, time and court costs, and seems to getting used instead of court action to revoke registration of shares. There is one stock Ecmh? that is 7 years late with state filings, and SEC fillings still SEC reporting on the EM market that SEC never killed, yet the SEC killed a real quantum dot tech firm, just after that firm beat the bad people loan sharks in court, that allowed them to file late SEC filings (they need to win the court battle to report accurate share data), and suddenly the SEC sacked them as they were almost current. Sure makes the SEC look owned by loan sharks...

I had forgotten about this one. Looks like the TA scrubbed the data. Interesting In 40 years I have never seen one like this ever come back. I have seen chapter 11 ones comeback, one was one of the largest world wide lead acid battery firms in 2009/2010? They did the round trip twice.

https://www.otcmarkets.com/stock/ESNC/security

Expert Market
Delinquent SEC Reporting IconDelinquent SEC Reporting

Message in reply to:
Because they are SEC reporting, it would require 2 years of audited financials to get SEC complaint and pink current.

There is no way it can go to OTC alt filing with out 2+ years of audited financials first...

I do not see that happening

SEC could suspend trading, which starts the process to revoke shares any time they want.

I think our best hope is to be given some small payout from the receiver upon final dissolution of the company. Who knows, there could even be a couple million dollars left over after the preferred shareholders get paid, equaling maybe 3-4 cents per share.

They could also do some kind of weird reverse merger or something. They’ve been in business since back in 1986 under the name ZBB Energy, and were apparently an Exxon spinoff too, so they’ve reinvented themselves before and could do it again.

In the meantime we are in the dark without many options

Could that 2200 shares traded be a buy? Who knows!

Ouch!

Because they are SEC reporting, it would require 2 years of audited financials to get SEC complaint and pink current.

There is no way it can go to OTC alt filing with out 2+ years of audited financials first...

I do not see that happening

SEC could suspend trading, which starts the process to revoke shares any time they want.

I was under the impression that ESNC would be able to resume trading as a “Pink-Limited Information” company as long as it made some type of “current information publicly available”. It wouldn’t be able to trade as a Nasdaq, or even as an OTCBB listed company without detailed financials, but would able to be bought and sold by retail traders as a Pink stock.

The issue right now is that they have no current information whatsoever, so they are being restricted on the brokerages as a Gray market stock. We just need news updating us on the chapter 128 (not bankruptcy) proceedings to resume trading with a potential price boost. Thoughts?

I am on the sidelines here on ESNC now.

But they would now need to file 2 years of audited financials just to get tradeable again because it was an SEC Nasdaq stock. I seriously doubt that will happen. If had not been SEC reporting, it might have had better odds.

Best of luck to the longs here. This was a shame what they let happen to this great Exxon Flow through Battery Tech IPO spin off, that today with the move from fossil fuels to clean electric power tied to wind and solar grids power generation grids, would have finally been a game changer the next 10-20 years. I fear the loan sharks, and Legal sharks are sneaking the money, tech and IP-assets out the back door leaving a dead, too costly to revive shell.

Did they even keep the patents current? Paid up and enforceable?

I have seen this kind of shark feeding too many times going back to the 1980s.

For the remaining longs, and the need for climate change clean power tech, I hope i am wrong. Best of luck here folks.

FWIW, I thought Fcel was dead last year before Exxon saved them.

But they saved them 1-2 days before a BK filing would have happened.

Seems like there is no material change in the company.

The share price drop is probably caused by the SEC requirement for companies to maintain current with their reporting (earnings statements, etc.). Since Ensync is in court and their business operations currently suspended, they aren’t current with their reporting and are therefore classified as a “no information” stock.

Any news and this thing could be absolutely bonkers. 20 cents per share would be $12 million market cap for the company, which isn’t crazy.

Especially when you consider the value of their IP, and the contracts they have to sell energy from their already installed solar+storage projects. Money in the bank.

Thanks for the buy $ESNC like a mad man call.

Looks way over sold. Perfect ticker for massive comeback.

Started out as an Exxon new flow through battery tech for Grid power back up on a massive scale.

Thanks.

I’d say with all retail share purchasing shut down due to the SEC blocking the trading of “no information” stocks, there isn’t much of a chance of a dead cat bounce.

Our only hope is if there is still some value in the entity. Perhaps once they exit chapter 128 they will resume trading and the price will rise.

I wouldn’t recommend betting the rent on this one, but I also wouldn’t completely give up hope that the price may rise someday.

Maybe we'll get a 'Dead Cat Bounce'

Same problem loss 4k

I lost thousands of dollars when they went into receivership!

Not too long ago, because of hopeful rumors, I rolled the dice and reinvested, buying 291,002 shares at .00983

Looks like another tax loss for me!

E*TRADE already won’t let me buy…

From NYSE to falter on 9/28/2021

Doesn't look promising!

Quite a few shares traded today so far. Maybe some kind of news is coming, Good or bad. We might know soon.

Haha! who knows? Nice to see the bids at .0169-.017 held all day

Soo, $ESNC Bruce is back feeding on the ask?

These trading patterns look awfully similar to the ones we were seeing when it jumped this past winter. The ask slowly melting away and a big jump in price to the next available shares.


I sure hope we know something soon. It’s been about 4 months since the last court filing. It seemed like they had settled with their debtors based off the court filings back in February.

Is something up? Is good news coming? We'll know soon, I guess.

There's some action today. 269,302 shares traded. Up a touch.

After a stock goes down 50% it needs to increase 100% just to get even.

If I remember correctly, during the receivership proceedings, SPI showed an interest to purchase ESNC.

Down close to 34% on 303 shares traded.

Damn the torpedoes, full speed ahead!!

It looks like someone was hungry and cashed in some stock to buy a cheeseburger deluxe!

The storm before the calm. They’re trying to shake a few hands loose before the stock takes off.

Get ready to be on easy street with EnSync

As the Redditors say, “diamond hands YOLO”

As the BitCoin geeks say: “HODL”

As Charles Schwab says: “Own Your Tomorrow”

Looks like someone beat me to adding ESNC cheapies here.

But, it looks like the wrong direction!

Some serious volume out there...could be news coming

Ask slappers are back, having a party at ASSk today.

I missed the invite

LOL

Anymore news from the court here on ESNC?

Thinking of adding on the dip.

The dollar amount of the shares traded is not a lot, but 209,000 shares traded is a promising sign that there may be confidence in the company.

Does anyone have the latest on the ESNC court case, I have not had time to look. Thanks

It took another breath today.

Nice to see it's still breathing!

I seriously considered picking up a few shares at .027 today. New court documents uploaded to the chapter 128 case webpage. Looks like everything is coming along smoothly.

Hope you get some shares at the nice price!!

Come to Papa you cheap ESNC shares.

There has been a steady flow of that kind of ESNC news for over 18 months. One of the other reasons I think it is going back into business

“Judge Signs Order Approving EnSync’s Objection to Debt Claims”

https://wcca.wicourts.gov/caseDetail.html?caseNo=2019CV000556&countyNo=67&index=0#records

Seems like a big deal. Some people said we owe them money, and we argued that we didn’t, and the judge agreed with us. That sounds like cash money to me.

Ka-Ching!