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Pipe funding has nothing to do with the $450 million in shares, it’s a completely seperate topic. So again, what did SAGA buy themselves with the $450 million?
They bought the two ENZC subs. And what do those subs contain?
GASP. The assets.
Hence no remaining assets once the dividend pays out and deal is complete.
Hahahahahahahahahahahahaha
I’ll dumb it down for you even more.
Current ENZC assets: Clone 3, Clone 7, AI, ITV-1, IPF just to name the main ones.
If post dividend ENZC is left with “no assets”, then at that point where did the above assets go?
They had to go somewhere. So tell us where they went should this deal close?
You’ve still failed to enlighten us with your explanation on what SAGA paid ENZC $450 million in shares for then, since you continue to refuse to accept Charles words that post dividend ENZC would be left with “no assets, no operations.” So tell us smart guy, where did the ENZC assets go then? They surely had to go somewhere.
Btw, how much crying was done over those 3 measly points?
I did my own crying, shedding tears of joy while I watched my Wolverines hoist the National Championship. Bahahahahaha!
Then*
Oops, better be careful, next the autocorrect police might be out to get me here.
Again, can’t edit on mobile app.
My statements were grammatically correct, it’s not my fault you didn’t understand what was said, but they again that’s par for the course here with you.
They sold the ENZC subs containing the IP for $450 moron, hence “no assets, no operations” left in ENZC post divided. The patents were not sold and were purposely put in the individuals names in the first place to protect them. Why do you think no patents were applied for under ENZC and instead were done in their individual names?! That’s why they sold the subs which are both licensed the tech from the patents. So in turn SAGA gets the two subs and license to the IP. Nothing remains in ENZC hence “no assets, no operations”.
Since you refuse to accept any of this, why don’t you explain to us what SAGA paid $450 million worth of shares for?
There’s some people you just can’t get through to. This guy is one of them.
And like was pointed out to you right from Charles mouth “no assets no operations” will remain in ENZC post dividend payout.
DURRRRR DURRRR I guess Saga is handing out $450 million in shares for nothing then.
They aren’t selling the patents, the patents remain with the individuals which ENZC never owned anyway.
Yes, there was apparently no lawsuit, this article has been the one referenced for years here when the topic of “Fauci trying to steal Clone 3” came up.
I follow other small bios that have no problems getting funding or beginning EUA or FDA clinical trials. And I’m not talking about NIH, forget those grants. I’m talking about actual clinical trial funding.
If ENZC has an issue, then it may in fact be that Charles continues to refuse to go SEC reporting (why?!) and remains on the pinks.
He could have easily followed through with what we were led to believe for 3 years which is audited financials (now complete) and then going SEC reporting and “uplisting” to OTCQB.
If he’s had issues finding funding then it’s his own doing. Many have asked why we went fully audited after so long of a wait and then just remain non SEC reporting. It’s a bad look.
ENZC is fully audited and can go SEC reporting anytime Charles decides to get his head out of his ass.
Funding is not scare at all in the bio sector when you have a product that works or shows potential. I find it very odd that Clone 3 was supposedly this breakthrough cure but they’ve been mostly silent on it this whole 3 years. As someone who specifically invested here ONLY due to Clone 3 and its potential, it’s especially frustrating.
We have a potential cure for HIV in Clone 3, but we’ve spent 3 years dicking around with a vitamin supplement and attempts to administer the far less effective HIV treatment in the middle of the Africa jungles and civil war. Stupid ass retired NFL players getting hired to run tv spots that never run. Shipments to the middle of Africa with labels missing. 27 retailers that never appeared. How much money has been pissed away on this bs?
Seriously, who the F is running this sideshow?!
Toss this ITV and IPF garbage to the side and focus on what the main product has always been ffs. Enough already. Nothing should be the focus here at this point other than Clone 3.
The Tiki Barber thing was a joke. They said commercials would start airing over the holidays and I’ve still yet to see anyone find where one was shown. No ones going to buy a $40 immune supplement when other ones are cheaper.
We’d probably be back over .03 right now if Charles knew how to issue a fking press release once in awhile and reassure shareholders of the current situation as well as note the actual progress that was made on the patents side of things. I’m sure there has to be some type of Africa update at this point as well. It’s ridiculous to just say that SAGA will handle all future PR’s. Chandra was back to using #ENZC on Twitter, would it kill Charles to shed some light on things with a PR?!
The patent stuff is really good progress and they should be issuing PR’s on it. Not everyone uses these boards or Twitter. Frustrating why they choose to be so silent.
Yes it’s def a heavily shorted stock. Any positive FDA clinical results (which are pretty likely, based on the positive EUA results through phase 2b) will definitely send it. With such an insanely low o/s imagine what happens with heavy volume on big news.
“it gives an applicant provisional protection until a patent is granted.”
Publishing also gives them temporary patent protection as well.
“it gives an applicant provisional protection until a patent is granted.”
So yes, this is still big news bc it gives them protection now until the patent is granted.
I’ve always held out hope for the yet unnamed Regeneron Covid mab to be ours and if it is (admittedly big if), maybe this is what they were waiting for to announce so they knew they’d be protected.
But the patent protections are still in place awhile correct?
That’s what’s so frustrating. They could have some major news ready behind the scenes on multiple fronts, or absolutely nothing at all. Crazy how in the dark we still are after 3+ years into this.
Well I always say I call it down the middle, so I will have to say I agree with you for once. Ran green for a solid week, a couple days of consolidation is good as long as we remain above .02
Absolutes, kinda like all of the press releases and Chandra tweets right? lol
The never ending silence with all the ongoing problems is unacceptable bottom line.
The point I knew for sure they were scumbags is when they argued to the Delaware court in November that they don’t owe their shareholders any fiduciary duty technically under Delaware law.
Nobody can put a positive spin on that one. It’s them literally saying we don’t care about our shareholders and they mean nothing to us.
“Sad too, at a time where every week for the past 6+ weeks, there are a handful of small-to-mid-sized biopharma's either signing funding deals or selling off to large pharma's for record money in the upper millions and low billions of dollars.”
Saw that as well, was just reading about one yesterday. I’m invested in this and another small bio (further along), so hoping to see that news here and there eventually. I know Charles doesn’t want to sell out, but one can hope.
Aww sunshine. As usual we’re gonna play the “you name anything I’ve said that’s verifiably false game”. Here’s where I tell you to name something I’ve said that is fiction or a conspiracy theory etc and then you call me names bc you have no actual valid response. Ready? Go!
If the deal ended up being back to the $250 million, the insiders were only getting $12 million in shares each and then we were getting half the initial example, it’d be another story. But that’s not what played out here.
They all got their full cut. And after knowing that, if you still somehow thought the company insiders cared about us common shareholders, they tell the court as part of the lawsuit that they don’t have a legal fiduciary duty to shareholders under Delaware law. Basically for those who don’t understand that’s a big “F you” to every one of us. They literally told the court “we don’t owe them shit”. Then if THAT wasn’t enough, they stacked their insider shares to vote for the spac deal without a shareholder vote, arguing to the court that the shareholder vote was moot anyway so it didn’t matter.
It is what it is at this point but if anyone here thinks still these guys have our best interest at heart, wake up.
They gave us an example last summer, then they come out and say “oh btw now you’re getting half best case scenario”. You don’t lead shareholders on like that. The deal was still for the $450 mil, the insiders still got their full cut, all the expected shares of SAGA were issued, only ones that got the shaft was us commons. The dividend wasn’t even good for us in the initial example, cutting it in half is a joke.
It wasn’t a private message, therefore anyone here has the right to respond.
If Charles cared about us common shareholders he wouldn’t have axed our dividend in half “best case scenario” while still taking his full cut (he’s already rich btw) as well as stacking an insider vote to render the common shareholders vote on the spac deal meaningless.
Sorry, actions speak louder than words.
And guess who has the final say? The court, Nasdaq and the SEC.
You won’t get an answer.
Kind of like SAGA making their own rules and calling this spac deal “complete”?
Let’s stick with facts. And all of them. It’s complete now if you ignore the court case and if you also ignore the fact Nasdaq gave a laundry list of violations which the SEC would also look at before approving the “completed deal”. You are aware that they not only have to win the court case but they also have to somehow correct all the Nasdaq violations and then have the SEC approve the entire thing. There’s more to this than just SAGA just claiming “complete”.
Worried you bowed out here. No new news. Everything still pending. Seems like just a bounce back to where we were before the December panic / tax sell off.
Asking a question on a statement the company put out and is late on, is now a “diss”? Maybe blame the people at fault for needing to ask the followup question. lol.
Doesn’t matter what I said. Company told shareholders ads should start that Friday.
Weren’t we told the IPF commercials should start airing two weeks ago? Anyone?