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Maybe the common thing is we need to stay away from first name ending with ( arry ) to easy to replace the first letter. GLTA
Like I have been saying Barry might have done something when he was in a structure business not run by him.On his own nothing to show for, and when you are running two companies that has shown nothing completed makes you think. SPAC have been on the downslide after having a run a few years back. Not bashing the facts are what they are. GLTA
I cant remeber which longer created SAGA board when the deal was announced , I think to get new blood, new info about forward looking and away from the BS. GLTA
yes he is on saga
I see he has posted on the new board SAGA , not much has been posted over there. GLTA
Reg as a partner could still be under the NDA that they say are in place . Questions questions hopefully the curtain will be pulled back GLTA
They have stated they will be named Scientific Holding Corporation we will see GLTA
Good luck they are all becoming micro managers with our money. Cant wait to hear who it is . aurora cannabis got beat up today if they ever down grade cannabis that will be a sector that will go crazy with access to bank financing GLTA
DYNO what platform you use trading? Etrade once taking over by Morgan S , their rules changed about same day transfer for investment. Their policy now is if you have a big board stock in your portfolio they will use that value to credit your transfer up to that value to be used for investing same day. They say they don't use OTC stocks as value, Crazy that you can have over 160k in value of a OTC stock and they don't use it for a 1k transfer without a 3 day hold. Hope that gives you or anyone else what has changed with them . GLTA
Maybe it is TTOO they had a good run and returned down to earth this past week.
It is not the SEC they need to satisfy , it is the requirements of NASDAQ they failed to meet. A signed agreement would be considered but not automatically extended, and after looking into who the agreement is with and their companies compliance record their might be questions. Or do you think one blank check company that has failed to close multiple deals over the last 23 months , has no product , investors pulling out , a deadline 30 days away and a OTC company that has a history of late filings , non audited , and a 40 year history of claiming they have a cure yet no product to market of this cure and they will bless a plan from them because they signed a combination agreement. We all want them to success , we just have questions about the information we have been given and the follow thru with results we have or haven't seen to date. The informations is all we got to go on right now so the facts are the facts .Enjoy flipping today GLTA
https://www.msn.com/en-us/money/markets/sagaliam-acquisition-gets-nasdaq-delinquency-notice/ar-AA1gMSpe#image=1
https://markets.businessinsider.com/news/stocks/sagaliam-acquisition-corp-announces-execution-of-definitive-business-combination-agreement-and-receipt-of-nasdaq-listing-delinquency-letter-1032634760
No, the SEC is not part of Nasdaq. The SEC, or the Securities and Exchange Commission, is an independent federal agency that regulates the securities markets and protects investors1. Nasdaq, or the Nasdaq Stock Market, is a national securities exchange that is owned and operated by the Nasdaq OMX Group2. Nasdaq started as a subsidiary of the National Association of Securities Dealers (NASD), now known as the Financial Industry Regulatory Authority (FINRA)3. Nasdaq was launched after the SEC urged NASD to automate the market for securities not listed on an exchange3. The SEC oversees and enforces the rules and regulations that apply to Nasdaq and other exchanges, as well as to issuers, brokers, dealers, and other market participants1. The SEC also approves or disapproves any changes to Nasdaq’s listing rules, such as the recent proposal to require race and gender disclosures in its listing rules4.
Learn more:
1. sec.gov
2. nasdaq.com
3. investopedia.com
4. cnbc.com
Has anyone heard anymore about Africa?
What we were told and what has happened are two different things. How long to clear custom for Africa, I have recieved items from the EU multiple times over the past 3 months? Not bashing just questions that should be answered by Enzolytics they stated what was a line of missteps in Africa the last reason should have been handled by now, especially if Africa wants to have a HIV drug that works.
People saying that SAGA was waiting to see results , many said and showed that the deal would expire before we saw results. Unless they did start the test but not saying they did, we are now in 2024 before a result is happening.
Like the other poster stated 40 years and no BP has stepped up for 450m. It is things we all have questioned for over a year , but we get called bashers , trying to get cheap shares, no we are asking any question a shareholder would want to know. When everything was great 2 years ago .95 oh the best CEO great communication ect ect now we have crickets and the impressions that things were going good and right around the corner, but it seems we just keep kicking the can down the road now.
We know it is a Bio company and it takes time, they are the ones that told how fast things were going to happen , Ex Africa was talked about in 2021, Clone 3 in trials, trials in EU . So I think the ones who want to call the ones basher ect are the flippers and not the holders of this stock asking for questions to be answered and yes they owe us something other that silence not every single person a personal reply but a truthful PR. GLTA
Correct which has passed now, You would think by now they would have released a PR stating we have submitted a plan to NASDAQ and waiting for approval. GLTA
Just like they file on time for everything else.
Back in June they were late on their financial filings , and no they were not on time.
This is the NASDAQ they are out of compliance with,we are not asking to see the actual plan , we would like to know if they submit it by Sept 25 2023 . Most companies when they are out of compliance make it a point to show the stockholders they took care of the issue by way of press release. GLTA
Nothing new that we haven't seen 9/18/2023 They had one with AE too GLTA
Great update , the can is kicked down the road again Lawsuit
STIPULTATION and Joint Revised Scheduling Order: C.A. 21-1599-RGA and C.A. 21-1600-RGA are consolidated. C.A. 21-1599-RGA shall be deemed the lead case and all future filings will be made in the lead case only. Fact Discovery completed by 12/15/2023; Dispositive Motions due by 6/14/2024; a three-day Bench Trial is set to start 10/28/2024, at 9:30 AM in Courtroom 6A before Judge Richard G. Andrews; a Pretrial Conference is set for 10/18/2024, at 9:00 AM in Courtroom 6A. Signed by Judge Richard G. Andrews on 9/25/2023. Associated Cases: 1:21-cv-01599-RGA, 1:21-cv-01600-RGA (filed: 09/25/2023)
Maybe the flippers will run it up to .05-.06 and rinse and repeat , haven't heard any beer money being made lately so it should be time . GLTA
I guess buying time again , what is alittle strange you would think if SAGA presented a plan to NASDAQ yesterday they would have posted something to say just that and we are waiting to hear if they accept it. NASDAQ then looks at it and says your plan is to go into business with another company that is not current , unaudit ect. ect is on the OTC Pink and holds a .04 share price sounds good to us your back on NASDAQ. GLTA
The award has been handed out . With your math I would get 200k shares, I will take it but that isn't going to happen . Have a great day
Sorry but you use the O/S Using your math please tell us what your current share price would be currently , it would be much different than the current. Please go back and read what actually outstanding shares are and what is used for.
Example if the company was sold out right for 3.1B what would your math say is the amount each share holder would get. I kept it real simple , and I am sure we will get a few responds
Outstanding shares refer to the total number of shares of a company that are held and may be available on the secondary market12345. This includes shares held by the public as well as those held by institutional investors and company insiders24. The outstanding shares total is used to calculate key financial metrics such as earnings per share and market capitalization1.
I think you will be winning an award today from many
As of the end of the second quarter of 2023, Enzolytics Inc had 3,010,804,133 shares outstanding1. The number of shares outstanding has not changed since sometime in July1. Please note that this information is subject to change and it is always a good idea to verify the latest data from reliable sources.
Outstanding shares refer to the total number of shares of a company that are held and may be available on the secondary market12345. This includes shares held by the public as well as those held by institutional investors and company insiders24. The outstanding shares total is used to calculate key financial metrics such as earnings per share and market capitalization1.
https://en.wikipedia.org/wiki/Shares_outstanding
This artical on Sagaliam will point out what sounds very much like the deal with ENZC ( reverse merger ) along with the deal going south with AE and the amount that is owed
this is not to scare anyone it is just DD that is out there for one to make their own choice , this also shows the timelines of this SPAC and when time is running out on it
https://www.marketscreener.com/quote/stock/SAGALIAM-ACQUISITION-CORP-133224976/news/Arabian-Entertainment-Company-Ltd-cancelled-the-acquisition-of-Sagaliam-Acquisition-Corp-from-Saga-43156893/#:~:text=Arabian%20Entertainment%20Company%20Ltd.%20%28AEC%29%20entered%20into%20a,a%20reverse%20merger%20transaction%20on%20November%2016%2C%202022.
How are people stealing shares when the price has been the same month after month? A .005 swing on a million shares grosses you a killer 5k
I guess you don't know they had a binding deal with AE that is why they are getting sued for the 1 million for not following thru on the binding deal. Which they have not paid yet ,
The SPAC has 2 years to get a deal inked, if not it goes away. The other thing haven't heard what has become of the 1 million suit against SAGA by the AE deal that fell apart.
Has anyone seen an update on the 450m being secured, I haven't
Yes was just posting what they have failed to do on a timely manner and links that others can read for themselves. It is now just a matter of time to see what happens. Their time for the SPAC is running out quickly GLTA
https://www.globenewswire.com/news-release/2023/04/21/2652087/0/en/SAGALIAM-ACQUISITION-CORP-ANNOUNCES-RECEIPT-OF-NASDAQ-LISTING-DELINQUENCY-LETTER.html
New York, NY, April 21, 2023 (GLOBE NEWSWIRE) -- Sagaliam Acquisition Corp. (NASDAQ: “SAGAU”, “SAGA”, “SAGAR”) (“we”, “us”, “our”, or the “Company”) announced today that it received a delinquency notification letter (“Notice”) from the Listing Qualifications staff of the Nasdaq Stock Market LLC (“Nasdaq”) on April 19, 2023 due to the Company’s non-compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the Company’s failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (the “Form 10-K”). Nasdaq Listing Rule 5250(c)(1) requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the “SEC”).
The Notice states that the Company has 60 calendar days to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rules. If Nasdaq accepts the Company’s plan, then Nasdaq may grant the Company up to 180 calendar days from the prescribed due date for filing the Form 10-K or until October 16, 2023, to regain compliance. If Nasdaq does not accept the Company’s plan, then the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel.
As previously disclosed, the Company requires additional time to prepare, review and finalize its financial statements, and its auditors have not completed their audit of the financial statements. The Company is continuing in its efforts to file the Form 10-K as soon as reasonably practicable.
This announcement is made in compliance with Nasdaq Listing Rule 5250(b)(2).
https://finance.yahoo.com/news/sagaliam-acquisition-corp-announces-execution-204700072.html
New York, NY, Sept. 15, 2023 (GLOBE NEWSWIRE) -- Sagaliam Acquisition Corp. (NASDAQ: “SAGAU”, “SAGA”, “SAGAR”) (“we”, “us”, “our”, or the “Company”) announced today that it received a delinquency notification letter (“Notice”) from the Listing Qualifications staff of the Nasdaq Stock Market LLC (“Nasdaq”) on July 25, 2023 due to the Company’s non-compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the Company’s failure to timely file its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2023 (the “Form 10-K”). Nasdaq Listing Rule 5250(c)(1) requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the “SEC”).
The Notice states that the Company has until September 25, 2023 to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rules. If Nasdaq accepts the Company’s plan, then Nasdaq may grant the Company up to 180 calendar days from the prescribed due date for filing the Form 10-Q or until November 20, 2023 to regain compliance. If Nasdaq does not accept the Company’s plan, then the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel.
As previously disclosed, the Company requires additional time to prepare, review and finalize its financial statements, and its auditors have not completed their audit of the financial statements. The Company is continuing in its efforts to file the Form 10-Q as soon as reasonably practicable.
The Company has executed a binding business combination agreement for the purchase of Biogenysis, Inc. ("BGEN") and Virogentics Inc. ("VIRO"), operating subsidiaries of Enzolytics Inc. (OTC PK: ENZC). The combined company is expected to trade on NASDAQ.
This announcement is made in compliance with Nasdaq Listing Rule 5250(b)(2).
Thanks I figured you did with all you have captured , looks like a script they have setup GLTA
What needs to be filed today is a plan of action for SEC to review and approve or not. They can only file an appeal if they file that plan by today to remain on NASDAQ. GLTA
Whoever wants to look at the details you will need to sign up for it or look in different court sites. You will not get the code , I do. I do not have the access to look I just get updated on filings. Maybe a lawyer that is on the board can view and post. GLTA
MP just a question not bashing Have you sent all the information, screen shots ect to the SEC of the past 2+ years of how this has been traded? GLTA
New update on lawsuit
Case: Enzolytics, Inc. v. Kona Concepts, Inc. (ded-1:2021-cv-01600)
https://www.docketbird.com/court-cases/Enzolytics-Inc-v-Kona-Concepts-Inc/ded-1:2021-cv-01600?utm_source=frozen_email&utm_medium=email&utm_campaign=np_public_user_following&utm_content=following&db_uid=c83c9bb9-0982-437a-8c42-479d243c6538
Look back when that deal was made everything was suppose to be absorbed by them leaving ENZC free and clean , that did not happen.
Lets get Africa started first. With todays date no results would even happen until mid Jan 2024. GLTA
Using the numbers you used for 0/S your math is good. Now a sit and wait game to see if the plan is approved , and SEC is satisfied . GLTA
Hopefully they get the whole pie , you would think they would have funded the trials and made sure everything went smoothly, especially Africa. GLTA
update on Kona
72. ORAL ORDER: The parties are directed to submit a joint letter explaining exactly what each party wants, and why. Each party should submit a proposal that matches what they want, with the disputed portions highlighted in yellow. Word versions of the different proposals are to be sent to rga_civil@ded.uscourts.gov. The joint letter with proposed orders is due no later than 9/25/2023. Ordered by Judge Richard G. Andrews on 9/14/2023. Associated Cases: 1:21-cv-01599-RGA, 1:21-cv-01600-RGA (filed: 09/14/2023)
They said it , I believe in 2022 along with alot of other things. GLTA
yes I am aware , alot of things have been said , really no follow thru so far. I hope there is . Again 450m for any of the big boys to make billions is like us buying a combo meal.