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Flicker1, Good information to know… thanks.
There are certain brokerages that won’t deal with him, as far as converting restricted shares. They “know of him “.
Unless Zhabilov decides to just sign off on everything, this will take a while to sort out. He will likely thwart every move to do so until he is paid in shares or other compensation, or the OTC bans him.
If I remember correctly both dealt with debt incurred prior to the BioClonetics merger. I did not follow them as I did not feel at the time they would have a significant impact on the share price, and I still don't. The case I think will have an impact on Enzolytics, Inc. is the GLD vs SAGA case. Between the SEC filings, Kelli's court filings/deposition, Nasdaq removal, Enzolytics 11/20/23 PR, etc. I'm surprised the case is still continuing. To be fair I was also surprised (actually shocked) that SAGA was willing to put up five figures (I believe it was only $20,000 but would have to check) non refundable to appeal their Nasdaq delisting. A SPAC that claimed to have $19 in cash was willing to spend five figures on an appeal they should have knew they would lose is crazy. They had done nothing to correct the deficiencies that Nasdaq pointed out and should have known that they would lose their appeal. I believe they were just buying time with their delisting appeal challenge. Merganthaler may have a case, and therefore an impact on Enzolytics, Inc., but I only have access to courtlistener so I can't see all the information. From what I have seen of that case it is questionable as to who actually owns Enzolytics, Inc., but like I said I don't have access to all the information.
enzc what pos look
https://stockcharts.com/freecharts/gallery.html?ENZC
https://www.otcmarkets.com/stock/ENZC/security
rs coming??? or what??? glad i sold yrs ago !!
is it safe to buy back here?
Weren't both of these cases identical in that they were contesting the 251g reorg which made their debt convertible into Robusto's stock (which is old ENZC prior to the merger with BioClonetics) instead of new ENZC's stock? I think those debts are relatively small and were incurred prior to Harry buying the company back when its business was motor oil. JMHO.
That is what I was thinking too. What a mess they have created over the past year. We all need luck at this point with Enzolytics.
It looks like that case has been combined with another case. There were a number of filings that occurred in the Cimarron Capital case (the one I believe the Kona case was combined with) yesterday.
https://www.courtlistener.com/docket/60989844/enzolytics-inc-v-kona-concepts-inc/
https://www.courtlistener.com/docket/60989842/enzolytics-inc-v-cimarron-capital-ltd/
Those legal fees probably were related to the failed Saudi deal, but it implies a couple of things to me (FYI, I'm not a lawyer and the following is JMHO):
(1) A major law firm, as a recent plaintiff, apparently believes SAGA is alive and has assets (what? VIRO?) to pay the judgement...if they get it. Maybe they decided to file the suit because the judge in the GLD case vs SAGA stayed the termination of SAGA until the case is resolved and/or because Harry is conducting business as though SAGA is alive and the BCA is valid, despite claims to the contrary by GLD in its lawsuit vs SAGA. (Just my speculation).
(2) The Form 25 has delisted SAGA from the NASDAQ but hasn't forced the dissolution of SAGA...yet...probably because of the stay imposed in the GLD case. If it is determined that it did successfully complete the BCA, the Form 25 would just delist, and likely not dissolve the corporation. JMHO.
So, IMO, the Mayer, Brown lawsuit seems to me to be an additional good reason for Harry to let go of SAGA (there could also be more undisclosed liabilities lurking out there), unless he's got far more PIPE money lined up for VIRO through SAGA that outweighs the risk of the $2 million and other possible undisclosed liabilities. If he did that...by acknowledging the failure of the BCA to complete...IMO, that would probably terminate the GLD lawsuit, eliminate the federal income tax accrual (where is he going to get the money to pay that anyway with an unlisted stock) and he would also remove VIRO from the risk of Mayer, Brown becoming the new owner of VIRO if SAGA can't pay the potential judgment. (Not to mention that outside ENZC stockholders may be much less inclined to sue.) JMHO.
I apologize. I misspoke earlier when I stated that none of the CCC team were part of the Sakayan vs Zabilov case. It has been a while since I looked at it, and apparently Charles is involved with this case.
The only case I was following closely is the GLD case and even that one I am not following that close since the scheduling order. The trial is scheduled for 8/25/25. To me this should be over and done with, especially since the Nasdaq verdict. The Merganthaler case may have something. I don't have PACER and rely on courtlistener so I don't have access to all of the information. When I questioned whether the Zimbler involved with EMGE was the same one that is involved with ENZC the response I received led me to believe he was not a straight up guy. I can't say whether Merganthaler does have a case or not, I can say Zimbler has a shady past. Further research led me to Billy Ray, Kelli, etc. The Sakayan vs Zabilov (should be Zhabilov) case did receive a motion to compel from the defense (HARRY ZABILOV, an individual, ENZOLYTICS, INC., a Delaware corporation; IMMUNOTECH LABORATORIES, INC., a Nevada
Corporation, and DOES 1 – 50) yesterday.
https://www.courtlistener.com/docket/65352442/elie-sakayan-v-harry-zabilov/
CCC controls and owns the IP's that were previously assigned to BGEN. If they regain control of ENZC, they can use or even reassign those IP's back to ENZC. Only takes signed letters from Chandra and Cotropia. Currently those IP's are assigned to Adnexus and MABS-Tech, the shell companies meant to keep them protected, (and ready to move forward with, if necessary), and if they regain the ENZC shareholders, which is a main component of what they are trying to do, things can get better, fast.
If they do regain control of ENZC, they better quite playing with the devils. Charles has to stay busy on too many attacking legal matters, even if they are just junk complaints and lawsuits. Get one or both of their big pharma suitors signed, and get moving along.
What Brad found, don't have it this minute, was one of the old Sagaliam PR's where it was clearly noted that the SPAC deal was "dedicated to maintaining the listing on NASDAQ and satisfying NASDAQ requirements for both listing and shareholder transactions." I'll see if he can email that over.
Even if it wasn't true, if could be binding in court that this SPAC is completely dissolved by NASDAQ delisting, just like Timing said. SAGA is gone, Harry's probably working on the illusion of it being alive, holding onto the shareholders as long as he can.
GLTY!
CCC controls and owns the IP's that were previously assigned to BGEN. If they regain control of ENZC, they can use or even reassign those IP's back to ENZC. Only takes signed letters from Chandra and Cotropia. Currently those IP's are assigned to Adnexus and MABS-Tech, the shell companies meant to keep them protected, (and ready to move forward with, if necessary), and they regain the ENZC shareholders, which is a main component of what they are trying to do.
If they do regain control of ENZC, they better quite playing with the devils. Charles has to stay busy on too many attacking legal matters, even if they are just junk complaints and lawsuits. Get one or both of their big pharma suitors signed, and get moving along.
What Brad found, don't have it this minute, was one of the old Sagaliam PR's where it was clearly noted that the SPAC deal was "dedicated to maintaining the listing on NASDAQ and satisfying NASDAQ requirements for both listing and shareholder transactions." I'll see if he can email that over.
Even if it wasn't true, if could be binding in court that this SPAC is completely dissolved by NASDAQ delisting, just like Timing said. SAGA is gone, Harry's probably working on the illusion of it being alive, holding onto the shareholders as long as he can.
GLTY!
From what I just read, that is one weird case, even more weird, plaintiffs that can't file anywhere near on-time. WTF?
Have you been following this case, and if so, what is your assessment of it? I haven't followed it.
Have you looked into the history of the plaintiffs? One was disbarred and has a history in lawsuits on behalf of the other plaintiff's family. Comments by judges in some of those suits are quite interesting. The other plaintiff's cases against ENZC have been dismissed in several venues. JMHO. How about this one?
https://www.courtlistener.com/docket/67807413/mergenthaler-v-zimbler/
Agree. I am fine with ENZC moving to even 25 - 50 cents, with even 3k invested say at 0.001, which is possible, assuming that trips don’t happen for ENZC ( Trips will happen if mgmt doesn’t PR or update investors) we have 3 million shares, and with just ENZC going to 25 cents we have a profit of: 3 million shares x 0.25 = $750,000. Even if it takes 2 years or more to get there we have a great profit of $750k.
We can dollar cost average if ENZC share price goes into the trips and we have more shares and hence a higher profit.
All we need is a lot of patience and we will make good profit.
ENZC has a lot of big biotech, and has cures for 20+ infectious diseases, cure for aids/hiv, and much more, 25 cents is easily doable with what they have. I can wait 2 - 3 years, I am being very conservative.
This is JMHO
Agree. I am fine with ENZC moving to even 25 - 50 cents, with even 3k invested say at 0.001, which is possible, assuming that trips don’t happen for ENZC ( Trips will happen if mgmt doesn’t PR or update investors) we have 3 million shares, and with just ENZC going to 25 cents we have a profit of: 3 million shares x 0.25 = $750,000. Even if it takes 2 years or more to get there we have a great profit of $750k.
We can dollar cost average if ENZC share price goes into the trips and we have more shares and hence a higher profit.
All we need is a lot of patience and we will make good profit.
This is JMHO
I'll admit that I'm not an expert on SPACs. I've yet to find a SPAC that was originally on the OTC or was downgraded from Nasdaq to OTC. The SPACs that I've found that failed to meet their BCA in the stated timeline have requested timeline extensions from their shareholders. This is one of the reasons for the GLD case against SAGA. The SPAC couldn't legally create shares out of thin air that gave majority voting rights to those that voted in their favor. I would like to see the passage that Brad found so that I can get a better understanding of where you are coming from.
If CCC are going to attempt to gain control of ENZC, what value is left if it no longer has control of the BGEN IP? If they do gain control of ENZC are they responsible for the lawsuits against Enzolytics, Inc.? These are some of them, there are probably others.
https://www.courtlistener.com/docket/67985445/gld-partners-lp-v-sagaliam-acquisition-corp/
https://www.courtlistener.com/docket/67807413/mergenthaler-v-zimbler/
https://www.courtlistener.com/docket/65352442/elie-sakayan-v-harry-zabilov/
Notice that none of the CCC team is currently part of the last one, but if they take control of Enzolytics, Inc. would they now be involved in that one? In my opinion it would be wiser to distance themselves from ENZC and throw Harry under the bus for the wrongdoings of the past several years if they were not complicit.
Form 25 is also used when a company is delisted from Nasdaq, but then goes on to be listed on an OTC tier. There are many companies that have filed this because of failure to maintain minimum share price requirements of Nasdaq that have went on to be listed on an OTC tier. I don't believe that SAGA can do this, but as I have stated Harry is doing whatever he wants at this time. To me Form 25 is not a death sentence for a company. SAGA was not a company. For a SPAC I believe it is the death certificate. SAGA is dead and should be buried. Harry is pulling a "Weekend At Bernie's" while the GLD lawsuit is going on.
Noted... appreciate your DD that is posted. Folks do not need to right or wrong, but sticking with the facts will bring out what is coming next.
Hope the client can put him into debtor's prison. But that's just me.
I know it, I read it, you're right.
Not a merger, but a badly crafted acquisition that should have required board approval, preferred shareholder voting approval, lots of things implicating Charles and Chandra in being part of the problem, not just the main portion of a possible solution.
They all had chances to check out Kostiner, and his spotty record, pre-ENZC involvement, and they've known about Harry, at least enough to be suspicious.
I think a few here are still worried that Harry has all sorts of legal options through a dead SPAC deal, and I see him as more of a tool with limited options and getting backed into a corner he'll never come out of again. He owns none of the IP's required to do jack-squat and, will probably bitch around for more shares and power if the CCC bunch gets the shares and voting control back. He'll probably agree to go quietly, just to make some money off his shares, that Charles and Chandra probably cannot ever take away from him. (But they could restructure the share value at a new board meeting, isolating Harry to just a lesser-dork shareholder), but be OUT of the company, as Chandra stated would be a requirement.
In your field, the 'time' of doing it, is crucial and may be a painful illusion. I think they are right though; it could be a more swift run of events once it hits.
GLTA
$ENZC $SAGA FYI, Do NOT FORGET , one of the largest International Law Firms has a 2 million dollars law suit against SAGA Sagalium for unpaid bills . Barry K is right in the middle of this and if you look at the CASE NUMBER on the bottom link, plenty of activity going on there up to yesterday on the Docket.
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Here is the link
https://news.bloomberglaw.com/business-and-practice/mayer-brown-sues-blank-check-company-sagaliam-over-unpaid-bills
They actually could fail as an OTC, if the SPAC was designed/written in any way for specific NASDAQ listing and exchange membership. We found a passage saying that was so, but I'm checking to see if that is a legally binding clause in what Brad found. In any case, a SPAC with no money sure can't pull off a merger from what I'm familiar with. A SPAC has to prove the value-funding to merge with anything.
GLTY
Pretty sure he’s completely serious and he said $10,000.
Thanks for the "chuckle" Mutat.. Ten dollars worth, Hey big spender, cmon put out a Twenty Dollar Bill.
It's certainly easier to push the new shells public yes, but they want whatever cash value is left in ENZC, and outright protection for the shareholders. It's also the easier route if indeed, the shares wind up giving them voting control.
GLTA
Thanks for the link, my brother also just pushed over that form over for me to confirm. Good to know, we're all right about BGEN and SAGA.
Normally if a SPAC does not complete its BCA then its funds are returned to the investors. From what I have seen when a SPAC fails and doesn't have numerous violations causing it to be delisted the ticker symbol remains on Nasdaq and they are allowed to start a new attempt at a BCA. In this case SAGA was removed from Nasdaq listing not for failure to complete their BCA, but for a number of deficiencies (violations). When a company is removed from Nasdaq listing, they can apply to be listed on an OTC tier. SAGA was a SPAC not a company, and I have yet to find an example of a SPAC that was delisted from Nasdaq that went on to be listed on the OTC. I did have a few posts about this with links a while ago when I did a back and forth with I-Glow. He tried to make it appear that SAGA was failing at their attempt to be listed on the OTC, which they can't do.
When this gets to 001 I’m going to buy 10K worth of shares like last time and hope for Deva vu.
If they did successfully transfer out their IP from the BGEN sub and ENZC has no claim to it, then in my opinion they would be better off moving forward going public by using a clean shell. I don't know which would be faster and less expensive, a legal battle with Harry for control of ENZC or finding a clean shell. They could still fight Harry to regain control of their ENZC Series A Preferred shares but in the meantime, they could be making progress towards the goals they stated previously with a clean shell. They may very well be making progress right now and just not disclosing it. I have not seen anything that stated the fate of BGEN, but I did see that CCC were removed from ENZC.
Page 22 and 23 of the latest quarterly
I know the dd here. The delisting was for Nasdaq violations. It wasn’t for the spac failing to complete or anything directly tied to the spac deal. They are still adamant that the spac completed in time. Why else do you think the lawsuit is still ongoing?
$ENZC $SAGA Cmon folks read the disclosure FORM 25 puts the entire discussion to rest, SAGA is DEAD, DELISTED, DOES NOT COME BACK . IT WAS NOT A MERGER. OMG, that is why I put links, but some folks just will NOT READ and IMO back. The IMO means NOTHING--
==
The Shares go back to the Investors , Period and Monetary Funds, where applicable
What happens if a SPAC does not merge?
SPACs have a specific time frame in which they need to merge with another company and close a deal. This time frame is usually 18 to 24 months. If a SPAC cannot merge during the allotted time, then it liquidates and all funds are returned to investors..
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DO YOUR DD
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Here it is read it , was REMOVED by the SEC and FILED BY THE SEC
https://www.sec.gov/Archives/edgar/data/1855351/000135445724000257/xslF25X02/primary_doc.xml
The Bottom line is Sagalium DOES NOT EXIST, it CAN NOT be an OTC SYMBOL from Delisting, IT IS DEAD, nothing to Revive . FORM 25 from the SEC took care of that . Form 25 is the FINAL delisting element from the SEC
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Now since ENZC was already in the OTC Markets , it is what it is , DID NOT MERGE . Hence the shares will come back whether Harry Z likes it or not. The Three C's know that and for SURE Crotopia knows the LEGAL moves.
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https://www.investopedia.com/terms/s/sec-form-25.asp#:~:text=SEC%20Form%2025%20is%20the,Securities%20Exchange%20Act%20of%201934.
Been discussed endlessly, old news. According to ENZC and SAGA, the spac merger was done in time. Other disagreed. That’s why the whole SAGA lawsuit is ongoing. This entire ENZC mess will take years to clean up. Glad I got out when I did. There’s far too many other legit, promising plays out there in the meantime. There will be plenty of time to get back in this someday at a low pps if CCC ever do take back control. Even when everyone thought this whole thing was going well and we could be getting big news anytime, we were still stuck at .01-.02.
I do wonder, as Valuator said, if Harry will try a legal challenge to keep the merger alive with Sagaliam as an unregistered, delisted entity in the PINKs? If he goes for that legally, and it may not be legal to do, it has to be quashed in a hearing or trial.
Question is, if a SPAC was setup on NASDAQ and it gets smushed down to nothing in the pinks, are further SPAC operations legal?
I'll have to research that one myself.
Timing for the win!
GLTA
$ENZC Folks it is DOCUMENTED BY THE SEC, the SAGA SPAC is Dead, Died, Did Not Happen, Disolved, DONE
SEC filed FORM 25 , NO MORE SAGALIUM .
see here
https://www.sec.gov/edgar/browse/?CIK=0001855351
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It might take a little time, but the THREE C"S will get their Controling SHARES BACK !
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Quote , here you go see the link
"What happens if a SPAC does not merge?
SPACs have a specific time frame in which they need to merge with another company and close a deal. This time frame is usually 18 to 24 months. If a SPAC cannot merge during the allotted time, then it liquidates and all funds are returned to investors."
https://www.investopedia.com/terms/s/spac.asp!
SS, it's my understanding, in getting CCC out of ENZC, he's (Harry) already signed off on full release of BGEN, to get rid of the CCC bunch. I believe that's a done deal, it's just not being used because presently, it has no share control, and the IP's were successfully transferred to the two shell companies Charles and Chandra set up. This was done back at the end of March, if what we were told is to be believed.
That's what I was directly told, anyway. AI and tech platform to Adnexus, and the CloneX IP's are all over at MABS-Tech right now, their protective shell companies.
Either or both of those could be taken public.
I was told that legally, with no one operating BGEN, and no assets it can declare, its legally defunct as a company. Harry doesn't need to sell it off or release it, it's less than a shell right now. Even Harry's PR's can't mention it. It's already gone.
If you run the numbers, shares, float, outstanding, cap, and the normal flow of business for any pharma that gets any 2 products successfully to market, even with average-good sales trends, and the reduce the cap to $1 billion or less, a stated goal, you'd eventually see this stock get into the $2-$4 dollar pps range. I can give you several biopharmas that started the same way and size, and are still going well today.
The one I did the best with personally, went from .08c pps, on up to $8.00 pps, volatility moves today ranging it from about $6.45 - $8.19 pps monthly. (I sold off too soon in the $4.00 range about 11 years ago.)
You're right though. Such a strategy in the trips and getting into $1.00 - $2.00 pps in a year or two is possible, and you'd be flush silly. The partner agreements they're continuing to set up now, will get you that surge to $1.00 + pps if they get it done.
GLTY
Still no proof it was a well-engineered scam.
Plenty of proof Zhabilov reverted to that. ITV-1 failed toxicology tests, and he hid it, began bleeding out the company around late Summer of 2023. Proof that the SPAC deal was BS, as we all feared, but it stops there.
Plenty of other evidence they really had something going on. The BGEN side had the goods, VIRO had failed and was dragging everything down. Then came Kostiner with the SAGA nonsense that really fooled no one; we were just stuck with it.
That's where the evidence lies, not in your "It was all a scam forever!" perspective.
At least face the facts you claim to have or get lost.
The issues of shares being transferred to another company, most everyone will tell you NO, and they'd be right. Some of the bashers will yell the same, but that's not always true. In previous PR's, shareholders were to get shares of SAGA, that was to own both subsidiaries, VIRO and BGEN, and shareholders on another PR were to get some form of share representation of BGEN when it was getting cut loose.
The SAGA deal died, and all shares have to be returned to ENZC, with the CCC gang owning what is believed to be voting control of the majority of those returning shares. SAGA legally, was never consummated. The funding did not arrive as promised in detail, principals were removed from ENZC, and more shares were issued without the required vote and paperwork in much of the dilution cases. Add that to a line of lawsuits Kostiner may face, and SAGA is deader than the proverbial doornail.
In such a legal mess, shares for the shareholders, assets, if any remaining, can be restructured or legally moved to a different entity at a judges or mediator's discretion, it's just a ton of paperwork, and it has to follow special guidelines in doing so, even in the OTC:PINK realm. It also has to follow an approved chain of ownership, how the shares are legal ENZC shares, probably with no money behind them anymore, making them more risk than asset, and how a new entity would have a legal claim on them.
I'm no lawyer, but I've personally seen this happen before, not all that uncommon when a larger parent company sets up subs and wants to do a stock share restructuring plan.
Odds are a bit against this in the case of ENZC.
That's why to keep it simple and cut/clean, regaining control legally by the internal share-voting process is the most desired solution. Charles could have other ideas too.
Yes, it could all be a scam, and I've seen a lot of PINK stock scams over 25 years of small-cap investment, visited about 11 locations over that time, discovered 9 of those were complete scams. 2 of those made front page stories on the business section of the Houston Chronicle too.
ENZC would be the first such scam to have had so much established "reality" in company operations if they really are a scam. No scam I've ever seen would have ever had the cash on-hand to maintain the two labs at Texas A&M. That facility is state-of-the-art in resources and options, and one of the very few nationally, that can do anything in terms of both animal and human research. My tour there was wonderful, and I was impressed. I've worked in such labs for a short time log ago, they were super-expensive then to lease for research projects, and those labs and the one office at Texas A&M cost a lot of dimes, if you get the gist here. No scam spends that kind of cash for two years in such a facility. And the staff I spoke to there, from what little they knew, seemed quite confident the research was real and progressing with their ENZC co-habitants.
There's also a pretty legitimate paper trail many have seen at least large chunks of, over the past 10 years or so, indicating this was all real. Managed like crap maybe, but real.
Is it a scam now? Not sure. We will see if Chandra and Charles have learned anything from it. Lesson 1 I hope they got down, is expedience in resolving this should be mission 1, no more cute quips about timing and unknown maneuvers. They need to get success data out and published on their Clone-X products and testing, get some volunteer trials rolling along, since those can be done for a very low cost, if any (if they have some of the usable mABS products to treat with), and clear up any legal issues about resuming full operations. It's been said that Charles put in over $400K of his own money to keep things going early this year, and that's admirable, but he was also part of putting together the ridiculous SAGA-SPAC deal with Kostiner, as far as we know, so where does the responsibility ever end?
The CCC gang certainly does have their own best-interests and other motivations to get things done on all of this and should ask for help. Heck, if they wanted to get some volunteer trial data out, I'd let them infect me with Covid, and then administer the mABS treatments to me in fixing me back up. Publish that, for God's sake. Do something! I'd waive all legal too. I imagine there would be plenty of other volunteers coming forward as well.
Fortune favors the bold,, but it also favors integrity. They need to step up.
GLTA
Thanks for the details, I really appreciate it!!
The bottom line is that these guys CCC as you say, have the meat as far as the cure for infectious diseases, hiv/aids, and many other stuff that they were getting into like the gut biome, cancer, and so on. These are extremely valuable and will be consume by some big pharmas some day, if these guys are not able to keep the company alive by themselves.
There is a high probability that they will get into the trips or at least 0.001’s.
Even $1000, gets us 1 million shares. The MMs are going to make it run one day, they always do, that is how the otc works.
Like I said this is a lotto play, and I can wait for the returns, it might take few years to go back to the nickel/dime range, that is 50k to 100k profit, or it may reverse split or go into the 0.0001 dungeon, which is a risk I am willing to take.
But I believe the chances of big upside are far more, because CCC are not going to throw their 40 years of hard work / huge efforts into garbage, they are very smart scientists and will be successful one day.
JMHO
You really need to thank the author of the original post, bigtalan. It is a great summary of what happened the first several years of operation and explains the frustration of many of the long investors. Moderators can we get that post# 192959 stickied? I currently see ENZC as a gamble, especially now that Harry is in control. IF and thats a big IF,CCC (Cotropia, Chandra, Cotropia) actually had what they claimed to have had and are willing to fight for it (legal battles), then this could pay off. I am not sure if this will pay off with ENZC shares or if they will regain control of their IP and have to go public with it using a different ticker. At this point it could take some time (not days to weeks) to go through the legal process. I don't see Harry rolling over and releasing BGEN from his control without a fight. He is currently engaged in a few legal battles, some of which to me look like obvious losers (GLD vs SAGA). In my opinion CCC have a lot of work to do to regain confidence of investors because they were involved in a lot of what went wrong unless they were sleeping through it all.
Full disclosure I currently do not own any shares, I sold in November of last year. The main reason was the 11/20/23 PR stating that the GLD vs SAGA lawsuit was "frivolous". Nasdaq did not feel that the claims made by GLD were "frivolous" and decided to delist SAGA. SAGA was a SPAC and should no longer exist because of their failure to abide by their own articles of incorporation. After years of watching the daily price decline, seeing many missed deadlines/milestones (both those set internally by the company and externally by otcmarkets), and seeing fluff press releases I had enough. Why am I still here? They told a good story, and I believed that they were sincere. I thought they were just bad at running a publicly traded company. Who releases an Annual Report on Super Bowl Sunday? I may or may not buy back into ENZC, but it is going to take some real action and just some fluff PR or a post on twitter.
Thanks for the details. Since ENZC is a now a gamble/lotto play, and maybe headed to the trips, it doesn’t hurt to throw 1k to 2k into the stock. Let’s say we get 0.0005, then we have 2k/0.0005 = 4 million shares, if it comes out of the dead we could make a good chunk of money, but would need a lot of patience and time, I certainly don’t believe that Charles, Dr Chandra and others just gave up, that I will tell you didn’t happen and will not happen, so ENZC will be back, maybe not to the 0.96 cents levels but we could get 25 cents and for 4 million shares that would be 1 million bucks, that is sweet. JMHO
We all just wanted to believe. Kind of like Santa Claus. They were going to bring gifts to the whole world and give us a bunch of cash as a bonus. As we all know Santa Claus and ENZC are both imaginary. I don’t have any shares left and I came out above zero. But man what it could have been.
I really wish this was a joke. Those who have warned and voiced concerns have been attacked for years on this platform so it doesn't bother me, it's actually provided a valuable lesson in OTC trading. What I don't respect are those still stating blatant speculative mistruths, based on previous ENZC PRs or TWEETS with no real evidence. There are no more NDA constraints anymore, where's the data that's been hidden for years? Will this be at trips before CCC "Take ENZC back"?
ENZC was a well-engineered elaborate scam (I must admit). Now what we see are those unable to admit they were scammed or part of the scheme at all (KOP, Hollywood, Mark FTW and many others).
I was referring only to the technology as awesome. I am quite concerned about the ENZC shares. I did sell what I could of the modest number of shares I owned. Unfortunately, I will need a bit of a pump to sell the rest. I hope the 3 Cs regain control of ENZC. If not, lesson learned. Is it possible for ENZC shares to be transferred to MABS-Tech? I think the answer to that question is probably no. I'm the science geek, not the OTC geek. Slainte!
Not smart, even as a joke. Adnexus is an admitted shell to protect the AI piece as Chandra's own. They're more likely to make MABS-Tech go public for investors if they can't regain control of ENZC. Maybe they'll do both, but it's one piece without the other, and everyone knows it.
Please take the money you earned with ENZC and go invest in Adnexus lol
The #BioNexus AI Platform has endowed us with substantial capabilities, encompassing expanding our #IPportfolio, developing ,testing AI-identified targets, and manufacturing. Our partners at Sanctum Therapeutics have showcased the immense potential of AI-empowered drugs, which…
— Gaurav Chandra M.D. (@drgauravchandra) June 13, 2024
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Independent Valuation Report Pre Clinical Studies
Investments
___________________________________________________________________________________
Press Release July 20-2021
Enzolytics Announces the Signing of a Letter of Intent with Creative Biolabs, Inc.
for Licensing and Commercialization of anti-HTLV-1 Monoclonal Antibodies
https://www.creative-biolabs.com/
https://finance.yahoo.com/news/enzolytics-announces-signing-letter-intent-113000339.htm
________________________________________
Press release July 21-2021
Enzolytics and Lonza Bioscience Combine Technologies to Fast-track Development and
Production of Anti-HIV and Anti-SARS-CoV-2 Monoclonal Antibodies produced by Enzolytics
https://www.lonza.com/
https://www.bloomberg.com/press-releases/2021-07-21/enzolytics-and-lonza-bioscience-combine-technologies-to-fast-track-development-and-production-of-anti-hiv-and-anti-sar
_________________________________________
July 22 INTERVIEW
with
James Hicks, Charles Cotropia and Gurav Chandra
http://www.youtube.com/watch?v=mdljO9VLgj0
______________________________________________________________
COLLEGE STATION, TX August 25, 2021
Important Excerpt from this news progress update.
>>>>>><<<<<<
"The monoclonal antibodies being produced by Enzolytics against the CoronaVirus target 19 conserved immutable sites on the virus, sites which the Company has now confirmed are conserved sites not only on the initial virus strains but also existing in the Delta and Lambda variants, as well as in the Alpha, Beta and Gamma variants."
Enzolytics Inc. and Samsung Biologics Announce
Development and Manufacturing Agreement for Anti-
HIV and Anti-SARS-CoV-2
Important Excerpt from this news progress update.
>>>>>><<<<<<
"Samsung Biologics (KRX: 207940. K.S.), a leading contract development and manufacturing organization and Enzolytics (ENZC), a drug development company committed to commercializing multiple proprietary therapeutics to treat debilitating infectious diseases, announced the signing of a strategic CDMO partnership agreement."_______
2000 North Central Expressway
Plano, TX 75074
972-292-9414
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