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Wow.... Trading at .018 and they've still managed to keep the RSI above 30. Gotta love it.
On a separate note, did I read a post that said the SAGA deal is dead? Is that true or just here say/opinion?
Honestly Dyno, that's what upsets me the most, is the 3+ years misleading us to believe if we held, we'll be rewarded, then this. Like I said, anyone who bought higher and smaller commons are getting royally screwed beyond belief. Unfortunately I blame myself for making the same mistake that every otc investor makes. Believes that their CEO is "different" than those other shady OTC CEO's. Charles is no different. He and his crew are financially set for life, while they drop us "second-tier," "dirty-penny-commons" some crumbs. Regardless of what anyone else on here says, that is how they view us.
See my post right after yours Dyno. I called this the other day. The pattern doesn't change. They had enough RSI padding to drive us back into the 01's and stack it, which is exactly what they did. But all is good. Chandra collaborated on some other article in a paper/on a site that nobody outside of here knows exists.
I sure would love some clarity on how they plan to begin the Div in this Qtr, with only 20 days left, including days the market is closed. But, but, but..... Don't worry... Charles & Co got their life-changing 2.5M Shares ($25M), so all is good. Must be nice, while the rest of us who were intentionally misled search for crumbs.
If they take a payoff, it’s gonna be a biggie, and likely impact the crumbs that we’re supposed to get. I said it long ago that this would end up being a disguised RS where We’d end up with 1 for 1,000 best case, likely worse. Then our supposed 900 for every 100k shares dropped to 400 best case, which is getting much closer to the 1/1000 I said we’d up with (100 for 100,000).
But all is good. Charles, Chandra and crew got:
1. Their 2.5M shares
2. Voting control
3. Moved/moving the value/tech that they talked us into holding for (We’ll, mislead us to hold for) away from ENZC, leaving us with nothing but lawsuits, dilution, conversions, and 3B+ OS.
No ENZC Audit. Not SEC reporting. No uplist. No ENZC #Partnerships, #Licensing, or #Yachts. Just another OTC CEO screwing his commons. Nothing new, but I have to hand it to Charles, he did a masterful job of fulling most of us.
Anyway, I still think we have grounds for a class action. Just need an attorney/legal minded person to get the ball rolling, but then again, that’s just me. We’ll see what happens this week. Once again they got the rsi padding they needed, so I’m expecting to open with another premarket fakedown, then be driven back to 01’s tomorrow, followed by immediately stacking the ask under it. But we shall see soon enough. Hope I’m wrong and instead we’re surprised beyond our wildest dreams, but I’m just not expecting anything like that, so I’m not holding my breath.
Oh well…. Is what it is at this point…. Have a great rest of your Sunday/Weekend..
Another shocker! Appears they're taking this back to .01's. End of 2024 and going to .01's. Funny how the RSI is all the way up at 36.xx too. Last time the RSI was where it's now, which was around 10/31, we closed at .0298, yet we go through all of this selling, conversions, etc...., and the RSI never drops. We see a +1-3% green day, and it magically jumps 15-25 points. Gotta love that control..... It's magical!
Exactly. Some communication and clarification would be nice, but apparently that's too much to ask for...
Just as I tried to tell everyone the other week, once they had the RSI padding they needed (RSI was at 18, then magically jumped to almost 50 without the pps reflecting the jump), we'd be back to conversions, dilution, and same pattern push down.
With everything going on. So many unanswered questions. Commons getting screwed after being told to hold for 2.5+ years, it would be nice to hear something and get some clarity from Charles. However, I'm not holding my breath.
I could be wrong, but I though the last filing stated that divs would be done in 4th qtr of 2023, which only has a total of 25 days left, some of which the markets are closed. Wondering if that statement is just another "soon" statement, of if it will actually happen?
I hear what your saying, but unfortunately I don't think we could make much of it. MM's are holding this in too tight of a channel, and there are way too many conversions and too much dilution left, for us to move the pps.
I am 100% on the "Class Action" train if there are any legal minds/attorney's on here. Chandra mislead us online and those misleading posts will be there forever. Also, how many times did Charles tell us that:
#Audit is priority, so they can finally uplist and go SEC Reporting. Then partnerships and licensing. Instead, he sells the value that all of us have been holding for, to a bottom of the barrel company who can't even file a Q, and sold it for 5% of what he hold us C3 was worth annually. Then, in that first SAGA PR, Charles very shady like sneaks in that "oh, by the way, ENZC will continue trading on pinks with no ops or assets, so just disregard what I've been feeding you for the past 2.5+ years. As I said before, I believe he literally left ENZC for lawsuits, so I would suggest a class action against BGEN or Charles & Chandra. BGEN holds the majority of value, and why many of us held, and Charles & Chandra just fed us incredibly misleading BS for 2.5+ years. I genuinely believe we could have a case, but that's just me.
Well, looks like they got the RSI padding they needed, because they opened us with a pre-market fakedown. With the RSI at almost 50 the other day (it's magical how they control that), I knew it was coming soon, but wasn't sure when. Appears to be today. The RSI padding + premarket fakedown tells me they'll likely keep this under .024 today via more conversions + dilution. Hope I'm wrong, but we shall see soon enough.....
I think maybe you're confused or misinterpreted my post. I'm not suggesting that we should receive the div right now. All I'm asking for is the details, as I mentioned (how long do we have to hold ENZC afterwards, what is the plan for restriction period, etc...)
I'm expecting the final number to be something like 100-200 SAGA for every 100,000 ENZC, but I believe they're intentionally holding that back right now. Charles didn't slip in the phrase (best case) for his health. He did it to prepare us low level, second-tier commons for getting screwed.
Part of the problem is that he has given us no clarity, so at this point, all we know is that we're getting screwed with the qty of SAGA div vs what we were originally led to believe we were getting. And the really F'd up part of that is that our div qty was 900/100,000 when the sale price was $250M, then it goes up to $450M and our div qty drops to 400/100,000 best case (which is really just Charles subtlety saying it will be worse)?
A little bit of clarity on:
1. What happens with ENZC? Right now I'm expecting it to drop back to trip after the div, and possibly before, depending on the non-stop conversions/dilution. If it does go back to Trips, then this is truly a disguised RS, which I believe it is anyway.
2. Give us a solid and accurate number for the dividend, as well as details. How long do we have to hold ENZC for to be eligible? How long will our SAGA div shares be restricted?
3. Who is converting and how much more should we expect? In the first scenario shown to us (when he used 900/100,000), he also used an AS of 5B. Not 3B and not 3.9B, but 5B? Was that just happen-stance, or are we going to be hit with enough conversions & dilution that he'll need sneak in another AS increase without any filing or explanation?
4. 27 Days left in December, so if ENZC is going SEC reporting, they need to file the 2yr audit and other requirements ASAP, or once again we'll be waiting on them to supposedly audit another year (2023).
5. What happen to Montana results? Enzo? Clone 3? Samsung? Etc....
Anyway, dropping some accurate clarity on us would go a long way, but I genuinely believe that Charles views us commons as second-tier penny investors, who aren't worth his time. However, that's just my own personal opinion based on his actions or inaction, as well as how he pulled the bait & switch 180, then very shady-like dropped in the PR that ENZC would continue on pinks with no assets/ops; and he did this after leading us to believe that we would fully audited & SEC reporting this year.
RSI is back at 45.x as well, so I'm expecting some higher volume and lower pps, due to more conversions/dilution, They have the padding they need to continue.
But.... Like I've been saying, at this point, it is what it is. Just praying for some kind of miracle, as well as this SAGA deal collapsing.
I’m still holding shares, but not the full qty that I had.
Im debating on what to do as well… It will come to me one of these days (hopefully soon…. Not “Chandra-soon,” but actual soon)
I did. I just replied back as you were posting that. I truly typed that by mistake. Not sure how I missed that….
I’ll take that as my que to call it a night…
Have a great night everyone. Still praying for some kind of miracle here (and I’m with u Dyno. I would love nothing more tha. To see this commons-killing deal fall thru)
Yes I stand corrected on that. Believe it or not, I didn’t say that on purpose. I knew it was 100K, but accidentally put 1M.
Not sure if you remember, but I tried to warn to everyone that we’d be lucky to see a 1/1,000 div. Just like we’ve been saying (I know many don’t see it), this is nothing more than a reverse split in disguise that is beneficial only to insiders and large preferred holders. Us commons will get screwed.
The part that pisses me off the most is that we were mislead to hold for years because ENZC was going to have its day an win.
#Audited #SEC-REPORTING #Uplist #Partnerships #Licensing #Yachts
Instead, Charles does a complete 180! Adds 900M shares to the AS with no filing or explanation, Doesn’t complete the 2yr audit requirements to go SEC reporting, no partnerships, no licensing, then in an ultra-sneaky/shady way (snuck it in the very first SAGA PR), tells us that ENZC is basically done (no assets or operations, just conversions, dilution, and lawsuits) and will remain on pinks.
Like I said, I sincerely believe a legitimate and winnable class action is within our realm of possibilities….
And the conversions and dilution were gonna see at ENZC over next few weeks is going to make some us sick.
Me too. He’ll take care of his preferred, but no different from typical pinky CEO’s, he views us as bottom feeders/penny investors and could care less about us. The 900 SAGA for every 1M ENZC that was initially proposed, was a kick in the balls, so this 400 for every 1M BS just castrates us.
But all is good. They got their 2.5M shares and voting majority, so Chandra can get his yacht, while the rest of us will get a blow-up raft.
Sad, but as I’ve said, I genuinely believe that we have legitimate grounds for class action (against BGEN/VIRO/SAGA or Charles/Chandra, not ENZC. I think Charles separated the value because of the lawsuits going after ENZC, so class action agains ENZC with no value, assets, or ops, would be pointless). But then again, that’s just me and my thoughts, and I believe we were intentionally misled/lied to.
Agreed Timing. Also, our buddy VIRT is back and the RSI is magically back up to almost 50 again, while the PPS still remains around .025 (I love that RSI trick), all of which leads me to believe that we have more conversions on the way. Guess we'll see soon enough....
LOL…. Here are my top Guesses..
1. Gotcha Suckers!
2. “SOON”
3. “I got my 2.5M shares! Who cares about those penny-commons-investors?”
But thanks to Chandra and all of the lies, misleading, etc…. which is permanently online , I still believe a class action could be possible…..(No need for anyone to debate me on this. We can agree to disagree)
Great read here Timing. It really is sad how much faith we all had in Charles (Many of us never thought he would turn out to be typical OTC CEO), how much promise and potential, etc....
Unfortunately, the way I interpret all of this is that Charles is no different from other OTC CEO's, especially when it comes to his commons shareholders. He, Chandra, Joseph, etc.... got their 2.5M SAGA shares, and in typical OTC fashion, it appears he's dropping nothing but crumbs for us commons, but only after he coverts/dilutes us to death. Personally, I think he views us as nobodies and/or just penny investors (Yes, some of us got this cheap before the bioclonetics merger, but there are also many who invested 6 figures in this after the merger when it was priced much higher), and therefore has no interest in actually taking care of commons. As per normal in OTC, smaller commons and those who purchased much higher are the ones who are really getting screwed over.
Unfortunately, due to his silence, "bait & switch strategy" (#Audited, #Uplist, #SEC Reporting, #Parnterships, #Licensing, #Yachts, etc...., vs end of 2023 and still no audit, no SEC Reporting, no uplist, no ENZC licensing, and finally top it off by dropping PR which states that instead, they will be selling 99% of the value we've been holding for to some bottom of barrel SPAC, and subtlety drop in that ENZC will continue trading on pinks with no assets or operations ) I believe it will take an act of God for him to actually give some clarity on everything going on. Regardless of what anyone else thinks, that was more than a complete 180 on the strategy, that really stuck it to us.
Disappointing to say the least.
If possible, you should ask your counsel about a class action, and not vs ENZC. Either vs BGEN/VIRO (since they hold all of the value we were falsely led to hold ENZC for) or vs Charles and Chandra. Curious to thoughts from a legal mind, given that everything is literally online in permanent ink forever.
#Yachts #Audited #Uplist #etc…etc…
Don’t chase daily prices. Just hold, our day will come when we can all meet up on our yachts….
You and me both SA. I cannot even find the words to accurately express how bad I feel that I have family members who bought in above .30, .50, etc... and this deal just royally screwed them. I'm sure there are many out there in the same position, but I must say that I was genuinely fooled by Charles. I honestly thought he would stand by his words and take care of his shareholders who could of sold for 7, 8, + figures, but held based on things he told us, his interviews, etc.... (There's not enough time in the world to go into detail on Chandra, but that is self-explanatory #yachts, #Audited, #Uplist, etc....)
Dusty, I can't speak for anyone else, but I'm not getting excited because this has been the pattern. They now have the RSI back to 35+ from 18, and usually once they get the padding they need, it's back to the selling/push down. I'd love this to be wrong, but this has been the pattern for almost a full 3 years now, and it's exactly what I'm expecting again....
Also, we may be up 15%, but we are almost done with 2023 and sitting in the .02s? Seriously, the 02's? I personally cannot get excited about that, but once again that's just me....
Absolutely. Still adding new commons that we're not part of the OS before the conversions.
archilles - I don't believe they're diluting for funding, I believe we're watching the conversions of preferred shares, or even notes (would make sense why VIRT is here to hold/drive pps down). Anything's possible, but I'm betting on conversions.
Also, a lot of those preferred's convert at 10:1, which could also be why we're seeing so many endless 10K ask hits without the ask changing or moving.
I would usually agree with you Dyno, but I'm not so sure about this. "IF" (and I know how big of an "IF" this is) BGEN really has a cure for HIV (C3), then GLD will
stop at nothing to kill this. They're largest focus has always been treatments for HIV and if BGEN brings cure to market, it would substantially hurt GLD's profits and business model. I'm not saying that this deal is going through, just that if it does and C3 really is the cure, then IMO GLD will stop at nothing to kill the deal. Guess we'll see what happens.
And there's that magical 20+ point RSI jump. RSI now just under 40.
Oh I agree foxi. RSI just about back at 30 now, so we'll see what happens. We are definitely watching conversions take place right now, no doubt about it. Also, as long I see VIRT playing on L2, I expect to be pushed back down... But then again, that's just me and my opinion.....
I hear ya, and just to be clear, I'm not suggesting that anyone sell or hold. Just calling it as I see it. The decision on what to do is each individual investors, and each individual investor's alone. I am not suggesting they do either, or.
One more thing Cat, VIRT is back for a reason. They don't buy or sell, just use their MM status and algo to control, which in our case has been to ensure we're driven or held down. They are back. It's nothing new, but it's not for show either. All one has to do is watch their action to see...
My point being is that they won't allow this to go too high, and my guess is if they allow it to hit .025, we'll be lucky, and it's a long shot.
We will see a small uptick, but only after some more downward and sideway trading. This has been the pattern for almost 3 years now. They have to get the chart right to get that RSI back over 30 with padding, but without allowing the pps to break their ceiling (now .02) before continuing. RSI Currently sitting in 17's.... The lowest it's been since I've been here, but with everything going on, I'm just not sure if it will even matter. May see a small spike to .02-.025, but I think that's it.
Still worth trying, and if we get screwed the way it appears they're going to screw us, I believe they should be held accountable.
No. I'm mad that they strung us along as though whatever was being done behind closed curtains would benefit us the way they led us to believe, then at the last minute pulled the bait and switch. You might not see it yet, but commons are screwed.
Ok, I'll repeat myself one more time for you.
I believe we grounds for a class action based on what we've been told, led to believe, posted on X, etc... for the past 2.5-3 years, only to have the rug pulled out from under us. Then, suggesting a shareholder vote when the deal was already done. #yachts #Audited #uplist
Regardless who can or cannot see it, this has turned out beyond shady and many commons are getting screwed beyond anything I every believed possible. I blame myself. I fell for the belief that Charles was different then normal pinky CEO, and shame on me, but the lying, misleading, etc.... is not my fault and I believe we have grounds for class action.
"Don't chase daily prices, your day will come." etc....etc.....etc....
Not sure 2B. I don't have a clue anymore. I saw this coming, I tried to tell people that our div (reverse split) would end up being a horrible ratio, but nobody listened and everyone called me a basher. I literally said all of this was coming from the second the first SAGA PR was released and Charles very sneaky like, snuck in that ENZC would continue trading on pinks (after telling us for 2.5+ years that Audit, SEC Reporting, uplist were coming to ENZC)
I know people think I'm just venting, but I'm dead serious when I say I am all in on a class action if we have enough people and someone with a legal mind/experience to take the lead.
Unfortunately I believe Charles & Co could care less about their commons shareholders. String us along for 3+ years, then in typical stinky pinky fashion, pull the bait & switch at last minute, cut what was already an insanely low div qty for us in half, sell off the value we were all holding for and that they told us would bring licensing agreements & partnerships to ENZC, and the list goes on and on and on... Radio silence from Charles, and it appears the pps is only going lower. Already setup to open lower than yesterday's close. This really is sickening at the least and has screwed me beyond all belief as well....
RSI already sitting in teens at 18.xx, so I wonder how low that can go? Will they push it to single digits, which I personally have never seen, even in OTC?