[SeniorApollo]

Yes, available to trade .

But they are already owned by someone. Every single one is eligible for dividend.

[DRHUMI]

HUH?

The float is the number of AVAILABLE SHARES... It goes up and down every second.

[SeniorApollo]

The float is OWNED shares.

Every single one.

The only unowned shares that I know of is the difference between Authorized shares and Outstanding shares.

[DRHUMI]

Yes, they took their 9M shares, which is why our number does not include Restricted leadership shares.

[DRHUMI]

Forget Phantom, I just explained that...

Just go with float...

You understand the dividend will be divided amongst the owned shares, right?

36 Million divided into the Unrestricted shares minus the float on the EX date at Midnight

Hence why they haven't said the ratio because not even God knows how many shares will be owned.

[bigtalan]

The award has been handed out . With your math I would get 200k shares, I will take it but that isn't going to happen . Have a great day

[SeniorApollo]

Why would there be phantom shares in the float number?

Where are you getting this info about shares that are not owned?

What does share price have to do with shares quantity, outstanding or float?

[DRHUMI]

You don't use the OS in THIS situation... You would only use the OS if they didn't already take their 9M shares.

The OS could be used if they double dip and take out of the remaining 36M, but I don't think they will do that.

[DRHUMI]

Based on SP, it's probably more than that. The SP was 7 cents then, so the float is probably larger.

Phantom = not owned, no dividend applied

Not Phantom = doesn't exist.

[MAGA_PATRIOT]

Well, it doesn't appear that ASCM will be letting up anytime soon.... Curious to see what happens Thurs/Friday before the upcoming settlement date. Do we see a covering spike, or are they already fully covered and just using OTCN's predictable selling to make some $$$.... (Drop ask lower than OTCN, short what they can, then wait for OTCN to drop below them and cover. Wash+Rinse+Repeat....) Either way, this is the longest that I've seen them stick around the past 2+ years, after shorting the news. Usually they short us on the News/PR day, then cover and erase our gains during the following 2-3 days. However, this time they seem to be sticking around for some reason...

[bigtalan]

Sorry but you use the O/S Using your math please tell us what your current share price would be currently , it would be much different than the current. Please go back and read what actually outstanding shares are and what is used for.
Example if the company was sold out right for 3.1B what would your math say is the amount each share holder would get. I kept it real simple , and I am sure we will get a few responds

[KMC-1]

Here come the 3s!

Please remember to buy a hat or mug!

[SeniorApollo]

Phantom shares not owned??
I'm completely lost now.
Are you saying the full 2.3B float is phantom?

[DRHUMI]

You have to subtract the float from the other shares, whether it be the OS or the unrestricted or whatever.

You can't give dividends to float phantom shares that aren't owned by anyone.

Nobody here knows what a declaration date or an EX date is?

[DRHUMI]

You shouldn't be going off OS unless the leadership is giving themselves an extra boost in addition to the 9M shares they have claimed.

If they went off the OS, they would have mentioned a ratio. They didn't.

[SeniorApollo]

Why would you subtract the float?

If you want to keep it simple, just divide the 36M by the float. Even though that value is 18 month old.

[rockie101]

Natty....so that would be right at 9000 shares for each million of ENZC....right ?

[bigtalan]

Outstanding shares refer to the total number of shares of a company that are held and may be available on the secondary market12345. This includes shares held by the public as well as those held by institutional investors and company insiders24. The outstanding shares total is used to calculate key financial metrics such as earnings per share and market capitalization1.

I think you will be winning an award today from many

[bashercrasher]

Hey Natty, great post! Refer to Zack or Demi on X and how they broke it down in detail and it comes to 1/83.99. Even that small is amount is a difference..

[DRHUMI]

You're all going off the OS. That isn't the number because that includes the Restricted leadership shares. Forget about them as they have the 9 Million new shares going to them.

Split the remaining 36 Million that go to us... You don't split it against the OS or the Unrestricted shares, you split it amongst the shares we own, which is the Unrestricted minus the float.

WE and THEY have no idea what the total owned shares will be at the end of the dividend buying period. Nobody knows that until the end, when it's tabulated and then they announce the dividend. That's why they haven't announced the ratio. Anybody can figure that out based on the total shares.

They could state the dividend based on the total amount of shares available minus the leadership shares, but how would phantom shares that nobody owns in the end be entitled to the dividend? That doesn't make sense and completely eliminates the entire purpose of the dividend, eliminates the declaration date, eliminates the EX date, which are used to tabulate at midnight on X date how many shares are owned.

[MAGA_PATRIOT]

The fact that VIRT has graced us with their presence again (not buying or selling, just using algo to control), is telling me that we won't be in .04's much longer rockie. They are working to push us back into 03's, and who knows if they'll try to push lower than that? Same games, same control, same coordination, different day.

It's almost impossible to believe that we nearing the end of 2023, and yet:

1. Have a MC under $150M
2. Still no audit
3. Still no SEC Reporting
4. Still in Pinks
5. Still no news on Clone 3, Enzo, etc...
6. Still no 27 retailers for IPF
7. Still no "monumental shift."
8. Still nothing on plandemic-19 mABS
9. Lastly, still cannot sustain any small/teaser gains we see from any PR's, due to the same playbook (ASCM short then drive down to cover). Only now, we also have OTCN, who for some reason prefers selling lower vs higher, PUMA, INTL, and now VIRT.

[swamp boy]

I,m starting to feel enzc likes to play games with their investors most of the information we get is from normal people doing good research with no help from enzc .What enzc is good at is sending out prs with NO specific information just read between the lines bullshit. This is all getting old now were hooked up with someone SAGA who is just as bad .Will this ever change ,I cant wait to sell this pos after 3 years I have had enough, just get me close to even !!!!!! Time for another fortune cookie they must laugh their ass off at who stupid we are.

[Flicker1]

Correct, restricted or not those shares are owned by someone entitled to the dividend.

[NattyWhite]

Hi Drhumi,
I think I see where you are using wrong numbers.
Why are you using the float number to calculate? I can’t put any logic to this.

Its my understanding every outstanding common share will get a piece of the 36M SAGA shares. Every outstanding common share whether it is part of the public float or not. All common shares are equal no matter who owns them and if they are currently restricted or not.

Total outstanding common shares is just over 3B right now.
*Note it has the potential to climb to 4B because that is how many shares are “authorized”.

If you are doing the calculation based on today’s info the formula is approx
3,100,000,000 / 36,000,000 =
One ENZC share gets you 0.01161 SAGA share.

Or stated another way: every 86.11 ENZC shares gets you 1 SAGA share

[bigtalan]

As of the end of the second quarter of 2023, Enzolytics Inc had 3,010,804,133 shares outstanding1. The number of shares outstanding has not changed since sometime in July1. Please note that this information is subject to change and it is always a good idea to verify the latest data from reliable sources.

Outstanding shares refer to the total number of shares of a company that are held and may be available on the secondary market12345. This includes shares held by the public as well as those held by institutional investors and company insiders24. The outstanding shares total is used to calculate key financial metrics such as earnings per share and market capitalization1.

https://en.wikipedia.org/wiki/Shares_outstanding

[SeniorApollo]

I think you are confused on what float vs OS is.

[bashercrasher]

Actually it is 1/83.99

[DRHUMI]

Because it's easier with the ratio.

[DRHUMI]

No... Not even close.

The Unrestricted is
2,711,440,948

The approx. float from last year probably isn't that far off because nobody knows about this
2,313,596,368

The rough number of shares we own is 400 Million right now...

[rockie101]

ENZC has been at .0419 a long time are we not trading...not on my puter so I can't tell?

[rockie101]

Why not just say for every million shares of ENZC you get X number of SAGA shares.

[SeniorApollo]

I think the disconnect is your number of "shares owned by us".

Use 3 billion.

[DRHUMI]

Keep it simple.

We get 36M shares. That is the minimum.

Divide that amongst the shares owned by us, or what you think will be owned by us to get the ratio.

Why is that difficult?

[SeniorApollo]

This math is so far off it's fraudulent.

The best ratio I've ever seen is 1 SAGA for each 86 Enzc.

Yours is 1 for each 19?
I think it's your float/OS number that's messing it up.

[DRHUMI]

They aren't selling anything. Barry and his merry band of non filing people get 10% or less of the new company that will hold BGEN and VIRO.

[DRHUMI]

Message to remind Bulls... Bears need not read...

1) When the dividend period starts, we will have ______ Months to buy ENZC

2) When the dividend period ends, they determine exactly how many shares of ENZC are owned by us

3) They take the 36M shares of SAGA that go to us and divide it by the shares we own, establishing a ratio...

So, if we own 1 Billion shares then, which would be roughly 602 Million more than we own now, the amount of SAGA shares we would get would be .036 per ENZC share...

THAT WON'T HAPPEN... There is no BLOODY WAY we buy up an additional 600 Million shares. Even with newfound Institutional love, it isn't getting that high...

So, take our current ownership and add 300 Million that I think will be bought, that brings us to 698 Million

Divide that into 36 Million, and you get a ratio of .0515, which you multiply by the shares of ENZC you have to figure out how many shares you will have with the new company.

[Timing101]

You are correct to post that if someone had not seen it (would be surprised if not) . Barry K . and how he met , networked with ENZC to get this even rolling remains a mystery !

[BonnieMac]

How are we "safe" either way?

[SeniorApollo]

How is it free money when they are selling all the valuable parts of a company that I am a share holder in?

[DRHUMI]

What other company have you had that gives you free $$$$$$$$ in shares?

I have never seen it.

[1hunglo]

Yup, you’ll find many humorous post on this board no doubt, Wick.

[Cozumel Kid]

I like your logic Xt1.
There are a lot of theories (possibilities) out there that make sense.
Yours definitely falls into that category per my take.
I agree they need to close deals or plot a path and stick to it in fairly short order, or as Mags has previously said, "someone will beat us to the finish line"

[1hunglo]

MP, See Below-represents your boring, daily, pointless posts. >

Get a life scum bucket.

[wickw50]

1hunglo, I was bored this morning so decided a little banter might pass the time… lol

[bigtalan]

This artical on Sagaliam will point out what sounds very much like the deal with ENZC ( reverse merger ) along with the deal going south with AE and the amount that is owed
this is not to scare anyone it is just DD that is out there for one to make their own choice , this also shows the timelines of this SPAC and when time is running out on it

https://www.marketscreener.com/quote/stock/SAGALIAM-ACQUISITION-CORP-133224976/news/Arabian-Entertainment-Company-Ltd-cancelled-the-acquisition-of-Sagaliam-Acquisition-Corp-from-Saga-43156893/#:~:text=Arabian%20Entertainment%20Company%20Ltd.%20%28AEC%29%20entered%20into%20a,a%20reverse%20merger%20transaction%20on%20November%2016%2C%202022.