Enzon Pharmaceuticals Inc. (ENZN)

[aquaspin]

It’s back to .41 now. I think Carl will find a great acquisition for $ENZN. The nice thing about this scenario is that Carl won’t be able to take over this company like he normally does with others. This is because of the NOL’s here. I think we are extremely close to a deal here. I know it’s been a long time waiting but I think it will pay off.

[jjp2516]

Yes nice price range and volume the last few days. With the exception of some clown who wants to sell 100 shares for .385 from 41 just now. Hoping Carl gets this thing off the ground soon.

[aquaspin]

$ENZN a lot more action here lately. We have to be close to something big.

[jjp2516]

Carl Icahns son and another big dog from one of Icahns businesses has been appointed to the Board of Directors for Bausch Health Care. I’d like to think he is interested in their spinoffs.

[aquaspin]

I don’t think it will be much longer. Per the quarterly report, the company appears to be constantly reaching out to possible acquisition targets. I wonder if Bausch is one of them that they are talking with?

[jjp2516]

Crazy day of trading today. Picked up some of them .2525 and then watched it head north to.3338. I would like to think something is happening out there with the SPAC. Investment firms talking November on a spinoff but most likely after the first of the year. Lets go Carl we are all getting anxious.

[aquaspin]

Well SESN just hired 2 big wigs to get Vicineum going again. Getting $200 million worth of royalties isn’t off the table yet it appears. We also need to remember that per the last filing, ENZN has been reaching out to various companies.

Our day will come. I just figured it would have happened by now.

[The_Free_Nebula]

Complete silence

[Phaedrus77]

Couchman sold 107,000 shares a few days ago.

[MD3]

$SESN has been crashing on FDA rejection. It fell into the $0.70s range and then bounced back to around $2. It's trending down now. Shorts will crush it further as more news emerges. Some news is indicating that outright fraud had taken place by SESN

[jjp2516]

Ouch. That hurt today. I was impressed with ENZN bouncing back though. Cmon Carl bring home a winner.

[joe_techi]

SESN no go

[The_Free_Nebula]

Someone took their ball and went home...

[rmclau4493]

SESN almost at $6. We will be at.06. Fuking joke

[The_Free_Nebula]

understatement

[willlbone]

Friday the 13th. Bad day.

[The_Free_Nebula]

something bad leaked...Looks like a death to smuchy situation. Damn...

[jjp2516]

That would be a beautiful thing my friend. SESN looking very good here for sure. ENZN will get some love from all this.

[aquaspin]

$ENZN our day is soon coming IMO. I wouldn’t be surprised if WSB crew runs SESN to over $20 then moves on and runs ENZN over $5 on Vicineum approval news next week.

[aquaspin]

$ENZN - The amount of money they could make off Vicineum is quite impressive. Around $200 million over the next 10 years. Also, I believe that ENZN has the option of buying back the preferred shares if it wanted to. They could use the Vicineum royalty revenue to do so.

This would bode very well for ENZN in my opinion

[The_Free_Nebula]

I realize many ain't going to make it. I look at long term capital gains as part of the prize. Core position aging well

[rmclau4493]

Agreed. I believe SESN approval is critical for any deal. Revenue steam and NOLs great foundation for a Biotech currently in trials.

[jjp2516]

hard for a lot of people to park their money for 8 months and watch it drift down and then back up and down again with no news. SESN is about to get the green light from the FDA (imo) and I believe a significant check makes its way to ENZN (Does $30M sound right?). I also believe ICAHN is working on BHC spin off to take advantage of ENZN NOLS. Waiting is a pain the the rear but should pay off nicely.

[The_Free_Nebula]

damn...folks loosing patience...

[jjp2516]

"With the closing of the Amoun deal, we will be able to further reduce overall Bausch Health debt," said Joseph C. Papa, chairman and CEO, Bausch Health. "We are continuing to pursue all opportunities to drive value for our shareholders, including preparing for the spinoff of Bausch + Lomb."

[jjp2516]

Not much volume on the selling. We are here going on 8 months since the rise in share price waiting for Icahn to pull the trigger on something. I still believe he wants the BHC Eye care when it spins off. I also think some investors thought it would happen earlier and are tired of tying their money up seeing other plays they could have been in. Patience is the name of the game here IMO.

[The_Free_Nebula]

Good time to nibble on the dips for me...Red Sucks though but such is the game we have chosen...

[aquaspin]

$ENZN - Wonder who is selling lately. At least we know it’s not the major holders or we would see filings drop.

People are foolish to sell ahead of the August FDA decision on Vicineum!

[The_Free_Nebula]

whack at close

[The_Free_Nebula]

sinking into the abyss now..kind of surprised it held so long..

[The_Free_Nebula]

damn thing selling off again...

[jjp2516]

Bausch Health Companies issued PR this morning that one of their Directors had resigned. This leaves another opening for an Icahn appointment to the BOD.

“ I would like to express my gratitude to ValueAct and to Rob for his numerous contributions, particularly as we have continued to transform Bausch Health," said Joseph C. Papa, chairman and CEO, Bausch Health. "As we continue to work to execute the spinoff of Bausch + Lomb and create two attractive businesses to unlock value, we are focused on forming two strong Boards with diverse representation and perspectives to ensure we represent the customers, patients and shareholders we serve around the world."

This is the first time I’ve seen the CEO use the spinoff term. ENZN merges with B&Lspinoff would be awesome

[The_Free_Nebula]

I'd feel better if it based a little higher. But I'll take it

[jjp2516]

from the mid 50’s last week to the mid .70s this week to settle at .70 I will take that any day. SESN had incredible volume and price spike AH’s today and I firmly believe will be great for ENZN right before Icahn announces his new merger with whoever. Chillin and grillin these days.

[The_Free_Nebula]

a few steps forward and a couple backwards..

[The_Free_Nebula]

Waiting patiently...

[aquaspin]

$ENZN - with Vicineum about to be approved, I think we continue to move higher. It shouldn’t be below $1 anymore once approved

[The_Free_Nebula]

I hope the slow steady climb continues in the weeks and months ahead. GLTUA

[jjp2516]

I likey !! I’m thinking someone must know something because of the trickle up in price. Hopefully Icahn brings us a merger soon.

[The_Free_Nebula]

Let's hope you are correct

[aquaspin]

$ENZN - This time we go above $1 IMO. $EGXP went from .03 to like $2.80 today on merger news. Bodes well for ENZN (and $MYRX) which owns a decent chunk of $ENZN shares.

With Icahn’s connections, it’s only a matter of time before this is utilized

[aquaspin]

$ENZN - Here we go!

[jjp2516]

Indeed you are correct. SESN is rocking and will make some nice $$$$ for ENZN.

[aquaspin]

$ENZN getting ready for a move higher here very soon IMO

[aquaspin]

Seems like we gotta be close to an acquisition of some sort. I’m looking forward to August when we will see royalty income from Vicineum

[jjp2516]

15000 shares @ the ask .60. Someone didn’t hesitate there.

[aquaspin]

The way SESN stock has been trading higher lately seems like a good chance for approval

[The_Free_Nebula]

I sure hope so....For whatever reason

[aquaspin]

$ENZN is a great deal at .55 IMO. August will be a big month

[The_Free_Nebula]

Adding as I can weekly