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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
Thanks for the info, Doc! Cool stuff. I really hope they can get a handle on the integrase. You hit the nail on the head. The HIV clusters in which the viral genome has merged with the human DNA can reboot the virus if it begins to go dormant in the blood via the treatments. Unfortunately HIV is able to suppress DNA markers on the infected cell membrane. If we could get arond that, those cells would be phagocytosed. (Kind of like the herpes viruses, but a very different methodology.) Let's hope this works! Slainte!
This tickers profitably, as most knew, ended a long time ago. Glad I sold then. GLTA
Not saying I would not pick some more up in the trips.Who knows?
Good to hear! Hopefully you got out before the Harry takeover. Now seems to only be a pump and dump affair.
I checked it too, thx!
Alright, FACTS, ENZC did submit a limited set of diagnostic facts for each of their AI and Clone-x patent applications. ENZC did provide toxicology report data for passing all of those with flying colors for both Clone-x products. ENZC supplied mABS design and data to Samsung for their hibernating partnership. Texas A&M was also submitted some limited data proving a working model of the ENZC research for getting approval of their two labs there in the Preclinical Research Center, one for animal and one for human research.
FACT, those labs are really expensive to lease too, no scam bothers to rent those for multiple years if they're just a scam. A&M was paid in full too.
FACT, I never debated that the release of published ENZC data wasn't shallow or near-non-existent, and they could still be a scam, but the odds of the CCC group being a scam are still on the low side. In fact, I complained about their lack of research/study data and being too slow to initiate private trials.
FACT, a research company interested in larger partners, won't push out any data that may assist in reverse-engineering and/or soft/covert theft of IP.
FACT, you lack substance, never a whit of evidence of what you say. One MD license retraction, and speculative bashes.
May well be a scam, but you sure don't know it. Silly child. Like you said, no wait, you didn't say it, you're absolute bashing to date, is WRONG.
Your welcome and anyone else that checked it out that is what the boards are to be for help each other , I am holding 12.5m over there hoping that it can produce on what they have in trials. Hopefully something will turn around here for the better GLTA
10 million share bid at .0025… nice support. eom
But I guarantee it will be in a part of the world where it is extremely difficult to verify any information.
"To protect the IP's and remain in some form of business model. They have new volunteer trials lined up on a region of the world not announced before by ENZC"
Any real pharmaceutical company always do FDA approved clinical trials - they don't hide in Africa or Bulgaria.
Why do you continue to believe the company hype after they have lied so much.
IG
How many years have you been pumping this garbage and none of your pumping has been true.
But you are still pumping.
IG
Yeah good try buddy i don't give a flying f*** you have been wrong for years with your speculation and "substance", LIKE I SAID ENZC has NEVER released any data or scientific research of any cures or trials. Facts are facts
If there was not any good potential, you'd be long gone. You're saying by omission, your incentive for coming back here twice daily, is that there's no hope for anything or anyone.
And no one left here fell for that dividend nonsense. After it was watered down twice before end of year, there was no doubt left that was just trash-talking.
You wanna' bash, try manning-up and delivering something of substance. Try something new.
Everyone else, GLTY!
One additional point, an agreement could be made, or available, since it was mentioned before about the Subs, that ENZC shareholders may receive equal share representation of BGEN when BGEN went live and autonomous. Charles current strategy, could be to restore BGEN under his ownership and legally move shares there, but that's only, really loose speculation at this point. I think they'll want to recover the shares in any case, and he will have leverage, if he already doesn't have it (We have no idea as to when the SAGA shares get returned to the CCC gang and it could happen immediately with a case filing, or get drawn out),
Either they regain control of ENZC, or they get shareholder requests authorized to move their shares to a new company, which if under the old SPAC agreement, might be doable.
It was said directly, that Harry tried to sell off the BGEN IP's, and that's when CCC left ENZC in late March, and opened up their two shell companies to protect both sets of IP's in April.
Drama, drama, drama, would sure like it all to get down to real business again.
I think your guess as to Harry's SAGA motivation is right on, and very perceptive. To that point, it would take a legal filing by Charles to accelerate the deal's nullification and obligations to restore the shares back to CCC.
Chandra's remark about stomping someone 'when', sounds like that sort of method coming up.
Great post.
This talk is all a distraction from the fact that ENZC has NEVER released any data or scientific facts proving any cures or trials have taken place. Please remind me of the ex-dividend date again…..ENZC is a SCAM, nothing more nothing less.
Right now, ENZC has nothing to offer. That is the main issue, and why selloffs continue. If the CCC gang somehow regains control, all of that will change but, nothing is super-promising right now. I'm thinking the situation may well improve, but the difficult issue of more communication from the CCC faction would be required to move this from a major gamble, to a more promising accumulation prospect.
And no, Gilead is not having a detrimental effect on ENZC. That's all Harry & Co.
GLTY
As I understood it, Clone3 is the HIV cure, and Chandra said to make it even more effective more quickly, they may combine it with another parallel treatment on the market. Clone3 has targeted conserved sites on the root HIV virus, and can kill that off by itself. The HIV virus, very similar in natural design to the COVID root virus, has Clone7 applied to it in the same way, using the AI/Intel process of mapping the virus and finding the crucial conserved sites to each virus, that the Clone3/7 products have been designed to kill off.
This is why Clone7 should be effective killing off all Covid variants, halting one of the bad guy's attempts and screwing the country over again. I recently read that those folks living on forever with HIV, have proven to not have HIV integrated with their DNA, but more like taking advantage of body areas where HIV virus clusters can re-occur where DNA markers to fight the virus may be underpopulated naturally since birth.
I can't tell you for certain, I'm no virus research expert, I just enjoy learning about the stuff and our investments.
As to our standing with ENZC (?) We have Chandra's enthusiasm and posts, leaning us into a good direction, but with all due respect to the good Dr., its not enough. Now would be the time for him and/or Charles to post an announcement about the future of our investment(s), while they're not a part of ENZC. Hard to do; they can't tip their hand for dealing with Harry and Austin, but they did help Zhabilov, willingly or not, get us to this point, so they owe many a good resolution.
Just a whispered projection of the direction this goes, or a filing indicating a binding direction would help a lot. The CCC gang is in a tight spot on what they can communicate, but Charles was in on the SPAC deal with Kostiner, so responsibly, he owes us a lot. He put in a lot of his own money as well to keep things running, but the number of shares sold and money taken in from those who believed in ENZC was far more significant.
Not telling you anything you don't already know, but I'm waiting now just as you are. If they really have Clone3/7 working as well as Chandra said, something I proposed to him would have been a huge ace in their pockets, but they have not responded to that positively yet. I'll run it by him again.
GLTA!
Volunteer trials sound great! What is Clone X? In order to cure HIV/AIDS, the infected CD4 helper cells (T cells), must be destroyed, because HIV has integrated into their DNA. From what I know of Clone 3, it does not have that ability. Is Clone X something new? If not, I believe that a "cure" will most likely be a vaccine. Stop the virus before it infects the cells. MAbs will neutralize the virus but not kill the infected cells. Sounds like you have a pipeline to some good info, Doc! Do you know where ENZC shareholders stand in this mess?
Yes, it was posted on Twitter (X) by Dr. Chandra on 6/6/24. Sorry for the slow response. I've been out of town carousing.
Thank you, Bigtalan. I believe you mentioned RSPI months ago and I looked into it and liked what I saw. At this point where so many are in the negative, waiting for positive action, it’s good that we help each other make some gains. Thank you!
Hoping the CCC regain control due to the SPAC not being legal. Who knows at this point. Checkout R S P I alot more going for it . GLTA
Read Post# 192959. It was posted about 6 months ago and does a great job of summarizing why the price had declined up to that point. Since that was posted, the stock price is down 75%.
Is ENZC stock screwed then or do we have hopes of it coming back like before ?
I also have Schwab. Some OTCs with a bad OTC standing that I have been owning can only now be sold, and can not be purchased through Schwab. I hope that is not the case for ENZC when its PPS keeps sliding to lower strips.
In my opinion the BCA with SAGA was never legally completed because the SPAC failed to abide by its own articles of incorporation by missing an extension deadline. This is one of the reasons for the GLD case, and why it shouldn't have been considered a "frivolous" case in the November press release. If the deal were to have been completed, then SAGA would have acquired BGEN and VIRO. The only one that was going to remain at ENZC was Charles as CEO with no assets and no operations. ENZC was supposed to be receiving $30,000 a month from SAGA and Charles was going to be looking for new business ventures for ENZC. Chandra and Joseph were going to be officers of BGEN, Harry an officer of VIRO (I don't remember if Diana was listed as having a position), and Charles was going to have a position on the Board of Directors of SAGA. I don't believe that CCC resigned from ENZC. They did give up their Series A Preferred stock for a BCA that was not completed leaving Harry with the majority of voting shares. This allowed Harry to hold the shareholders special meeting that was press released on 3/25/24 (coincidentally the same date that CCC are listed as removed in the quarterly). I agree that Harry is operating as though SAGA has survived. I don't know how he can do this as a failed SPAC should have been disbursed. Which parties agreed to the Novation Agreement? I don't believe the CCC group was involved in that deal. If Harry was willing to release control of BGEN and return it to the CCC group, that probably would have been part of the Novation Agreement. If BGEN is a sub of ENZC again, and CCC have been removed from ENZC wouldn't they also have been removed from its sub BGEN? I think Harry is just doing whatever he wants at this time and probably will continue to do so while the GLD lawsuit is going on. The SAGA BCA should have been considered invalid and the Series A Preferred shares as well as both subs returned to Enzolytics. At this point I think it is going to take a lawsuit from CCC to regain control of their IP.
I don't know if this is splitting hairs or not, but does that notation refer only to ENZC? It's possible that it's just part of their preplanned strategy that is being carried on by Harry, who BTW is also now devising a new business strategy for ENZC. (That was one thing we were all concerned about post the BCA...no assets, no strategy, right?)
Keep in mind that it was disclosed in the BCA that the CCC group had become officers of BGEN under the new structure, but they had also retained their positions with ENZC. Harry and Dianna became officers of and in operational control of VIRO. IMO, this was to be the end of joint control of ENZC and the start of structural autonomy between the 2 groups, ie, it was the first step toward splitting the sheets between CCC and Harry. Under SAGA, they would both operate independent of each other under a figurehead CEO of SAGA. JMHO.
Seeing that back in September, my thought was (JMHO) that it would only be a matter of time before CCC resigned from ENZC, leaving Harry in control of ENZC, essentially moving on and giving the company back to Harry. The CCC group would have full operational control of BGEN (within SAGA (or not?)) and Dianna (actually Harry) would have control of VIRO within SAGA. JMHO.
JMHO...Whether SAGA has actually survived or not, Harry is operating ENZC as though SAGA has survived and he's in control of ENZC. One additional indicator is the Novation Agreement presumably between all 3 parties, including SAGA, that took BGEN out of the SAGA deal and "returned" it to ENZC. So, that disclosure you posted claimed that the CCC group was "removed" from ENZC, but how about BGEN?
This is my speculation, and others may have different thoughts. Now that BGEN is a sub of ENZC again (reportedly) and Harry is controlling ENZC, maybe who controls ENZC, and consequently the BGEN IP, is what the fight is about and that may center on (1) whether the Series A Preferred shares owned by CCC are still theirs (which would give them control of ENZC) or are they legitimately in the ENZC treasury as reported by ENZC and (2) whether SAGA is still alive or is being propped up by Harry in order to maintain control of ENZC as long as the GLD lawsuit is active. If SAGA is not alive the Series A preferred should be restored to each of the parties. JMHO.
Any other thoughts out there?
Things are well. Still have 1.5M shares so I check in periodicaly, but I made a bit.
Too much to say what is happening here , look up SAGA SPAC and read everything that went wrong from Jan 2024 to current. Again too much to write up and explain. glta
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Moderators Homebrew Timing101 archilles SeniorApollo |
Independent Valuation Report Pre Clinical Studies
Investments
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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
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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
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July 22 INTERVIEW
with
James Hicks, Charles Cotropia and Gurav Chandra
http://www.youtube.com/watch?v=mdljO9VLgj0
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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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