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Paul Fellegy is an interesting name on there. He was helping coordinate some of the lab operations in A&M's campus, and he's living in an apartment/condo in College Station now, near the campus. Looks to me, since Charles kept IP and researchers as company officers, and no lab at present, but a connection to Samsung's main campus in Korea, that his new company is probably ready, if not already, producing the Clone 3 & 7 antibodies for private trials.
(Something that should have happened long ago.)
And you're right, starting this in 2023, was pure covert activity, fast at that. Harry and SAGA either complied for a piece of the new company success and we don't know about it, or Charles had them beat down good in some form of legal manner. It's also possible there is a settlement side-deal, where Charles' new company will provide Clone3 for the IPV-1 combo treatments, thereby also making Harry richer as a compound cure formula. This was proposed in earlier PR's.
Just look at the timing and positioning, they have a Samsung in Korea campus lab option now, the IP's clean and away from ENZC (probably, I know I'm speculating here) researchers and operations going on now, coordinated out of Charles' house, and they've kept folks they would have otherwise gotten rid of. Like I said, keep your eyes on Monoclonal Antibody Tech in the coming weeks and months. If I were Charles, at this point and with his own age, I'd be ready to move fast. My gut tells me they now have both Clone3 and Clone7 refined to a releasable market product, just need approvals and partners. And now, Samsung may really be a partner.
GLTA
Yes, that could easily be how it is, no question. BUT, these guys already seem to be following rules off the book regarding their SPAC deal, or no rules whatsoever. It will be interesting how much of their next few PR's will be pure spin to avoid embarrassment and legal issues, as well as real information. Harry's past history is what worries me the most now. I'm so ready to sell on a spike.
They'd have to show some real news to keep me now. I've got a couple of hot energy stocks I want into, and this one is just holding me back.
GLTY
Thanks Valuator2 without investors like you I would be clueless to what is going on .I did not want to invest in a company like this and I,m sure many others dont like to be involved with scumbags /fraudsters and the like .The SEC needs to look into this company this is simple white collar crime ,iOTC needs to be better regulated or red flaged by brokers not to get involved with. NEVER AGAIN
Click link to see Charles Cotropia Company name and personnel. I dont see any ENZC nor BGEN name on this website. All I see is a new company name, and names of the officers working with Charles.
How much more spoon-fed information or proof do you need to have in order to say Charles is no longer with ENZC nor with BGEN, and he has a new company where he works, lol???
Charles' bad deedhas been going on since begining of 2023.
This is so wrong and crooked of Charles to take IPs from ENZC and open his company here without informing shareholders of the changes !
"techs say 006 break"
What does this mean?
Thanks for acknowledging my posts, but for the 2nd time you've used my post and added your assumptions/conclusions as though they were mine and they are not. I would appreciate it if you wouldn't do that. Take responsibility for your theories.
In this case, (1) I did not reach the conclusion that the agreement behind the 4 of them accepting the BCA and exchanging their Series A Preferred was intended to allow CC and Chandra to do anything other than to (a) continue what they were doing at ENZC, except as officers of BGEN instead of ENZC, with BGEN operating autonomously from Harry and VIRO while both were under the umbrella of SAGA, and to (b) screw the non-management common shareholders by taking 20% (9 million shares) of the deal off the top and then participate in the dividend distribution with their Series B's and C's, thereby greatly reducing the non-management common shareholders' share of SAGA ownership. That is a move that I think was grossly greedy and I suspect may be challengeable because of what appears (IMO) may have been accomplished in a negotiation that appears to have been less than arms-length. Basically, you can get anything you want when you're dealing with yourself. We have the GLD lawsuit allegations within their claims to thank for that insight. So, if SAGA survives, the deal has got to be renegotiated. JMHO.
If it turns out that CC and JC have also left BGEN, then I'm guessing it is the result of something else that happened between them and Harry after this deal was struck and we don't know what caused it, but it wasn't set in stone with that exchange of Series A Preferred agreement I posted about. (2) Deals between companies are usually developed and committed by the officers and BOD's of each company before notices to shareholders. (3) Some posters have alleged that Harry got control by some kind of trickery, but the documents don't support that, which was the point of my post. That's not intended to be a defense of Harry. It's just what appears to be correct. JMHO.
However, for the conspiracy theorists out there, it does occur to me that ENZC's CEO would be the person to exercise its option to drop all 3 entities (BGEN and VIRO and ENZC) out of the SAGA deal. If CC had not done that earlier (and I wish he had) but wanted to now, against Harry's wishes, then it's possible Harry might have used the change of control he gained with the exchanges of Series A Preferred to call a special meeting and elect himself as CEO of ENZC and effectively block CC from opting ENZC and VIRO out of SAGA. Further, since all 3 entities approved selling the subs to SAGA, it's possible that each also had the option to exit the SAGA deal on their own or maybe via agreement with Harry. So, what may have happened is that CC opted BGEN out of the deal, resulting in the Novation agreement, and if that's what happened then it follows that CC must still be with BGEN. That's not to say that your suspicion of CC leaving and taking BGEN's IP with him couldn't have happened. We don't know the facts yet. JMHO.
BTW, if anybody else has any other reasonable theories about this, I'd like to consider it, and if there is a link to any PR or other information that says CC and JC have left BGEN please post it. I'm only aware of Chandra leaving and we still don't know why that happened.
Here are your assumptions/conclusions, erroneously implying they came from me:
techs say 006 break
I guess I don't buy into the whole socialism mindset that other people are required to do work for me and to validate their opinions with links for others lol. I mean, just look at all those hard facts with links that were provided by your crew, alot of good that did for the average joe huh? Some good ol common sense and gut instinct and call it like you see it "wasn't verifiable" in your opinion but turned out to be true.. some will go on and be just as gullible, other will go on and be "bashers" after being bit and leading a little. Remember, IHUB is for entertainment. It is pretty entertaining watching the lemmings eat up every posted dd link lol
Try repeating factual information then. Correcting your ongoing false statements isn't bashing.
Charles was an employee of ENZC at the time when he was using ENZC monies to develop Clone7. Clone 7 therefore belongs to ENZC and to ENZC shareholders. Any transfer of IPs from ENZC to Charles’ new company must be notified to ENZC shareholders. I know bashers don’t agree with me on this topic probably because they are getting paid by Charles or by the party of four (Charles, Chandra, Joe and Harry). The party of four must understand that transfer of IP s from EnZC to Charles new company was wrong because it diminished the value of ENZC stock,
By the way, we still need to talk about Chandra taking the AI platform that he developed while he was employed by ENZC. Chandra also took the AI platform away from ENZC and opened his new company, which in turn also diminishes the value of Enzc stock.
I do not know how many time I have to repeat myself here to get enZc shareholders understand that they have been cheated by Charles, Chandra and the rest of the party of four. I’m also very surprised that some ENZC shareholders are clueless about what is going on as some have asked so rudimentary questions about the transfer of ip or validity of the actions of the party of four. Something must be done about this soon
Charles was an employee of ENZC at the time when he was using ENZC monies to develop Clone7. Clone 7 therefore belongs to ENZC and to ENZC shareholders. Any transfer of IPs from ENZC to Charles’ new company must be notified to ENZC shareholders. I know bashers don’t agree with me on this topic probably because they are getting paid by Charles or by the party of four (Charles, Chandra, Joe and Harry). The party must understand that transfer of IP from EnZC to Charles was wrong because it diminished the value of ENZC stock,
By the way, we still need to talk about Chandra taking the AI platform that he developed while he was employed by ENZC. Chandra also took the AI platform away from ENZC and opened his new company,
I do not know how many time I have to repeat myself here to get enZc shareholders know that they have been cheated by Charles, Chandra and the rest of the party of four
HE DOESN'T HAVE TO ISSUE A PR ABOUT IT.
Exactly, had they even attempted to they'd have collapsed immediately, no liquidity. I agree also with the legal loophole idea, kinda like putting their patents into a trust, something most of us didn't even know for a long time, certain *bashers* called it out and were crucified for it, turns out they were all right about everything. This is why I keep saying that it doesn't matter if clone3 ever actually came to market in the future (recombinant version, of course) becasue enzc would do everything they could to skirt profits from us commons, exactly what they tried to do with the SAGA deal. No investors here will ever profit from any type of alleged IP they have, you're here to prop the stock price up for them to dilute/sell into (so they make money) and then eventually they'll shift away to other tickers, otc pinkie land is scam land
Of course enzc is a non-SEC OTC company. We knew the IPs was transferred to the new company because it is advertised on Charles new company website. Now is it legal that Charles did the transfer without having to notify Enzc shareholders?
I don’t recall seeing any PR telling us about the transfer
So crooked!
Of course enzc is a non-SEC OTC company. We knew the IPs was transferred to the new company because it is advertised on Charles new company website. Now is it legal that Charles did the transfer without having to notify Enzc shareholders?
I don’t recall seeing any PR about it
Right. They got (or were supposed to get) $22 million each in SAGA stock. SAGA barely had any volume at all while still on Nasdaq. And the price stayed consistent the whole time around $10-$11. No shares were dumped.
People need to use some common sense (speaking about the rest of the board in general).
Does everyone here think a well respected, lifelong career attorney just decided to “break bad” and become a criminal under a very popular otc stock with thousands of eyes on it per day? Lmao.
However they did this deal, then backed out, then moved their assets, I can guarantee you it was done legally with whatever loopholes needed and that will prevent any repercussions from ever coming back on them.
Were they legally required to do so? I know that leadership has kept us well informed so far within the confines of the supposed NDAs, LOL. You do remember this is an OTC Pink listed company that is non SEC Reporting? Did they transfer IP from BGEN to "Charles' new company"? If the IP was transferred again, was it done legally this time?
Someone thinks saga shares were dumped by the millions lol? How exactly, do you understand liquidity at all, there wasn't ever any volume on saga, definitely nowhere near enough to support millions of shares being dumped, it would be pennies had that happened, not still $10 range, the more some on here talk, the more it's obvious the some serious clueless people have been the core investors here all along
You really need a lesson in trading between OTC and higher exchanges and the regulations and requirements of each. You’re completely off base.
Nope. Sorry that’s not how it works in the otc.
The most recently reported shares outstanding are located here:
https://www.otcmarkets.com/stock/ENZC/security
As an OTC company, ENZC still had to put out a PR to notify shareholders their plan and schedule of execution, for example date of planned transfer of IPs from BGEN to Charles’ new company so that Enzc shareholders can decide if they want to stay on or sell
Where’s your proof they dumped shares? You’re just making up anything at this point to justify your losses.
It appeared that ENZC management surely did by having cashed out SAGA shares at $10.81 and left nothing left to ENZC shareholders by having SAGA intentionally failed to follow SEC regulations to get themselves delisted and SAGA shares worthless at the end.
I was a little confused because your posts made it seem that Enzolytics was an SEC regulated company. Like they were actually required to report to shareholders. They were not and are currently not SEC Reporting and they are currently listed as OTC Pink. While they were listed as an OTC Pink before they received their Yield Sign. What's it been 3 years running that they have achieved a Yield Sign, or is it more than that? I would have liked to see more details about what is going on whether it is Harry, Charles, or Steve in charge. I don't need the CEO to hold my hand on an "investment", but if all I'm receiving is press releases about hopes and dreams without any fulfillment then something is wrong.
That is the right and legal way of doing it. I’m a sure there are legal OTC protocols for them to follow. Obviously ENZC management people did not follow it. There are legal repercussion which await to be brought out to light.
And yet here you are
Nope. You would have known if a hundred million shares of $10 SAGA stock had been dumped before the delisting as it was a Nasdaq trading stock at that time.
That’s not how any of this works. Welcome to the reality of “investing” in otc stocks. You knew (or should have) the risk before putting money in.
"ENZC management should have put out a PR letting everyone (general public and sharehlders) know what their plan was..."
If that had happened, then the general public (that is, all non-shareholders) would have developed a negative opinion of ENZC, and the shareholders would not have had any buyers for their shares, and the shares would have plunged in value.
Essentially another empty otc shell with billions of trash shares and still worth half a penny each, quite impressive lol
"The link you provided was for fiscal year 2011 to 2012."
How do I find out the CURRENT number of shares outstanding?
archilles. Wondering if they gave themselves a “Golden Parachute” at the expense of the shareholders???
I wonder if the five management (Charles, Chandra, Harry, Joe and ?) cashed out their SAGA shares at $10.80 before SAGA management purposely not filed or failed to file correctly with SEC so that SAGA get delisted and SAGA shares become worthless for the ENZC shareholders?
So crooked !
Yes of course, Details of filing are a must for a SEC regulated company. I was explaining it on a high level. It is a short education for shareholders here on this forum. It appears some shareholders here are willing to accept what has happened either they do not care or because they dont understand their rights as a shareholder or because the bashers have misled them so much with their lies
No, ENZC management should have put out a PR letting everyone (general public and sharehlders) know what their plan was and set an execution schedule and dates so that shareholders can make a decision what to do. I can tell you this right now, No shareholders and the general public would allow officers of any company to take the IPs that were developed while they were employed under that company to go somewhere else and open up their own company.
That is stealing and robbing of shareholders as the value of the company gets diminished when the valueable IPs are taken away.
I suspect what have happened was agreed and planned out by the pact of four without putting out a PR prior to their plans and action.
I’ll bet you anything that Charles, Joe and Chandra didn’t take any SAGA shares (or voided their end of the deal / returned them) and walked from this knowing all the issues it faced.
If it was an SEC reporting company they would have been required to file an 8K within 5 days of a material event. ENZC is not SEC Reporting. As to shareholder agreement on any change (whether minor or major) that would depend on the share structure and voting rights. It has nothing to do with whether they are listed on NASDAQ or OTC, or whether or not they are an SEC Reporting company to the best of my knowledge. If the party of four owned the majority of voting rights, then yes they could divide up the company any way they wanted. The four gave up their preferred shares for the SAGA deal, so do they have majority voting rights? Do the two that have currently voted have the voting rights after the SPAC deal? Was the SPAC deal valid?
Everything about where the SAGA deal is NOW is based upon Sagaliam illegally issuing shares to the 5 management of ENZC so that they could sway the vote for Sagaliam to buy ENZOLYTICS. So illegal!
Was ENZC supposed to notify ONLY the shareholders (and not the general public) about these future developments, so that the shareholders would have the chance to sell ENZC shares before the shares plunged in price?
If yes, would that not be illegal insider trading?
Sorry, otc pink stocks do not need to notify shareholders in advance of things like this and only need to put things in the quarterly and yearly filings.
Let me see if I understand this situation.
Charles Cotropia, Joseph Cotropia, and Chandra, collectively, have more ENZC shares than Harry Z. But Harry Z is now claiming that he is in control of ENZC and that the Cotropias and Chandra are not in control. Harry Z's claim is false, and the Cotropias and Chandra may sue him for control of ENZC.
Is my understanding correct?
If Harry Z does take control of ENZC, would that constitute a change of control as described in the Enzolytics SAFE?
To refresh everyone's memory, the SAFE defines "change of control" as follows:
“change of control” means (i) a transaction or series of related transactions in which any “person” or “group” (within the meaning of Section 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended), becomes the “beneficial owner” (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended), directly or indirectly, of more than 50% of the outstanding voting
securities of the Company having the right to vote for the election of members of the Company’s board of directors, (ii) any reorganization, merger or consolidation of the Company, other than a transaction or series of related transactions in which the holders of the voting securities of the Company outstanding immediately prior to such transaction or series of related transactions retain, immediately after such transaction or seriesof related transactions, at least a majority of the total voting power represented by the outstanding voting securities of the Company or such other surviving or resulting entity or (iii) a sale, lease or other disposition of all or substantially all of the assets of the Company.
If ENZC was a NASDAQ company, management must notify shareholders and ask whether if shareholders would agree to any of these major changes by casting shareholders votes. If majority of votes came back say no, No changes can take place
....But ENZC is not a NASDAQ. It is an OTC company, ENZC management must have at least notify shareholders of the changes in advance so that shareholders can decide if they want to stay on or sell. They should have notified shareholders in advance that Charles and Chandra leaving ENZC and take ENZC IPs else where to open their own company.
They never notify shareholders of any of these changes which made so much impact on shareholders money and lifelines.
For these reasons, they have broken shareholders trust and violated legalities that shareholders must band together and go after.
There are so much more things (empty promises SAGA deal..etc) that ENZC including former CEO Charles and Chandra have violated and must be brought out to light
Definitely after you buy all shares.
"I suspect Harry will not go after the IP because the party of four (Charles, Harry, Chandra and Joe) has made a pact and divided up the IPs and wealth among themselves."
If the party of four, collectively, owned a majority of the shares of ENZC, then did these four people not have the legal right to divide up the ENZC IP in any way they wished?
I understand. It also pointed out exactly how Charles had changed over the years . We trusted Charles but Charles has changed, got greedy and stole from ENZC shareholders. Look at the PPS, it took a dump and long shareholders got panicked, sold at bottom price and lost monies. When the announcement came out that Charles has left Enzc, and discovery of his new company and Chandra’s new company, stock took a big dump. Shareholders got panicked and sold at bottom price and lost their shirts.
There is no need to go back in time to show what Charles was like 13 years ago. What important now is that Charles is an dishonest person who stole from Enzc shareholders.
I highly suspect the pact of four will continue with more dishonesty by putting out PRs to pull other shareholders money back in and sell more shares after they successfully convert preferred A shares to common shares
I was asked how well Charles had run BioClonetics before the merger with Enzolytics. I invested into BioClonetics in 2017. BioClonetics merged with Enzolytics in late 2020. From the time I invested in 2017 to the end of 2020, Charles was great at providing updates.
The link that I provided pointed to the number of Shares Outstanding. I used that number to calculate how many shares I would get in a change of control.
The link you provided was for fiscal year 2011 to 2012. Maybe Charles was younger and honest then, but he is not honest nowadays because Charles never disclosed the new company that he and others are currently running after he left ENZC. Charles also took with him the Clone7 Ip developed during his employment under Enzc. The clone 7 IP belongs to Enzc and Enzc shareholders. It is not his to take away for opening his new company. I suspect Harry will not go after the IP because the party of four (Charles, Harry, Chandra and Joe) has made a pact and divided up the IPs and wealth among themselves. Harry got the control of ENZC. Charles and Chandra took the valuable IPs from ENZC shareholders to open up their own companies.
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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."_______
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