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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.
1) As head of BioClonetics, Charles gave many updates on what was happening with the company. So, from the update standpoint, Charles was very good.
2) number of shares of Enzolytics
Common Stock after change of control
= purchase amount / liquidity price
= purchase amount / (valuation cap / number of shares outstanding)
= $200 / ($6,000,000 / 2,440,000,000)
= 81333 and 1/3 shares
source for number of shares outstanding - https://finance.yahoo.com/quote/ENZC/key-statistics?p=ENZC (Shares Outstanding, NOT Implied Shares Outstanding)
The problem with not providing links to back stuff up good or bad is that when credible sources are not used to show that bad information is true, a majority of people won't believe it. I've seen this recently with iglow (no offense and this is why I call you out on some of your posts), who has posted some good info that upon checking is a negative for the company. If I didn't know any better and did not check I would just think that user was bashing because no source was provided. You can call me whatever you want.
If you want to know the relationship between Harry and Charles, Please read the following post written by Valuator2. For those who have not read or know the significance of it, It appeared there was a Four-way agreement between Charles, Harry, Chandra and Joe. I suspect that the group agreed to have ENZC company control relinquished to Harry. The agreement also allowed Charles and Chandra separated from ENZC and ran off to create their own new companies while the SAGA deal was happening. All these agreements were done behind close doors without any notifications to ENZC shareholders. ENZC shareholders have no votes or says against any of these agreements as Charles and Charles ran off with IPs developed while they were employed under ENZC
Valuator2’s post # 197xxx read
….,,“Harry got control of ENZC by virtue of the adjustments in the Series A Preferred stock when they negotiated the BCA with SAGA. You can see this by looking at the BCA and comparing stock ownership disclosures in the 2023 3Q and the 2023 Annual Report which includes the 4Q.
IMO, the relinquishment of control of ENZC to Harry had to be by agreement among them because the adjustment in the Series A structure was a part of the 9 million SAGA shares (ie, 20% off the top of the 45 million shares for the subs) the 4 principals got in the SAGA deal. Look at the numbers. They each gave 11.7 million Series A's in exchange for 2.25 million SAGA shares. That left Harry's Trust with 7.2 million Series A's and the Cotropia's and Chandra with zero Series A's, leaving Harry's Trust (and this Mr. Paul) as the only owners of Series A Preferred and, thus, in control of ENZC. Prior to this agreement, the Cotropia's and Chandra controlled ENZC with 35.1 million to Harry's Trust's 18.9 million Series A Preferred. (When and how Paul got the Series A's is unknown...must have come from Harry or his Trust somehow, but they aren't disclosed on the Schedule on p. 25 of the Annual Report.) JMHO.
Another indicator of cooperation IMO is that Chandra did not have an equal number of Series A's or Series B's with the Cotropia's, but he got an equal number of SAGA shares as CC, JC and Harry...2.25 million. So, it looks like CC and JC gave him some of their shares (both Series A's and B's) to make his share totals equal to theirs. So, CC, JC and Chandra exchanged all of their Series A's (11.7 each, totaling 35.1 million shares) and Harry's Trust put up the same number of Series A's (11.7 million), leaving his Trust with the remaining 7.2 million. JMHO.
I also thought it would be just a matter of time after the closure with SAGA that CC, JC and Chandra would resign from ENZC and focus on BGEN, leaving Harry in control of ENZC. So, I'm not surprised about their leaving ENZC. The filings say the Cotropia's and Chandra were "removed" as officers and directors of ENZC on March 25, which is 6 days after the 3/19 special meeting and about 30 days before these filings. (Why the 30 day delay to report the Cotropia's and Chandra are out?) That's a harsh way to describe their exit from ENZC but was it for cause or camouflage for what was agreed anyway? JMHO.“…
The whale and many of the others (pugsie, darron, etc.) would throw out a negative statement with nothing to back it up daily (sometimes multiple times a day). The empty office story at the time the whale told it was frustrating, but is now looking to be correct (again nothing to back it up at the time or now). If these users had supplied links to factual information on the opinion they were offering they would have been a lot more credible. I don't care if Timing agrees with me or not, Timing appears to be looking at this objectively and is not posting random BS.
....... Agree, noted doesn't always mean agree. I asked why didn't you TAKE NOTES from the whistle blowers. Didn't have to agree lol. I seem to remember a few little arguments with YOU and how this was a pump and dump and you didn't agree then either. That was in the .10-.15 range...... Maybe you need some notes on how to take notes?
Nice try , read my posts .. more to come . Noted does not always mean agree.
Noted? Why didnt you take notes from the whale or iglow?? That sticky whale had about an empty office was pretty close to nailing this story eh? Pumpers will pump and the suckers sucked it all up lol.
Noted on all points, it looks like you are not defending anybody , which is fine, apparently time to move on for some. Some one or something has been holding up many things here, it is about to come out.
BGEN doesn't own any assets - if so post the patents.
From BioClonetics Immunotherapeutics
INTELLECTUAL PROPERTY
The Company protects its technology through an aggressive strategy to cover its intellectual property. Such intellectual property includes:
PROPRIETARY CELL LINE PRODUCING CLONE 3
- The Company’s Clone 3 cell line, that produces fully human monoclonal
antibodies (mAbs) that specifically target and neutralize the HIV-1 virus, is
proprietary to the Company.
INTELLECTUAL PROPERTY PORTFOLIO
- Pending patent coverage on the recombinant of the Clone 3 antibody. This form of the Clone 3 antibody is prepared using the known amino acid sequence of the Antibody in conjunction with a high producing CHO cell line for generating recombinant
material that would ultimately be used in patient application.
- Pendintg Patent coverage of small molecules (mini-peptides) for commercial use derived from the structure of the Clone 3 antibody for interrupting and preventing binding between the HIV virus and the human CD4+ cell.
- Coverage is directed to blocking peptides that bind to and neutralize the HIV virus, and
- Competitive peptides that bind to the target CD4+ cells at the point of virus access into the human cell to prevent infection.
When you file a provisional patent - which excludes any prior art - it is a 12 month placeholder and you are allowed to use the term patent pending.
Here is an example:
Patent number: 6083504
InventorJoseph P. Cotropia
Assignee BIOCLONETICS IMMUNOTHERAPEUTICS Inc
Status: Expired
Then we have Patent Number 5777074
InventorJoseph P. Cotropia
Assignee BIOCLONETICS IMMUNOTHERAPEUTICS Inc
Status: Expired
US6008044A - and it has expired.
BIOCLONETICS Immunotherapeutics is a empty shell without any IP.
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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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