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"Something's not right, either they don't have what they claimed to have, or they have something else to hide."
100% agreed
Great post
Appreciate the info!
Been in other bios about that long and can relate. I was only told about NWBO in the last few months and have been on the sidelines watching. I feel like a starter near these prices seems like a good price and time to get in finally. For someone new here I can also say it's very difficult to get accurate info and do proper DD, as this seems to have some of the most relentless bashing I've ever seen on this site or others.
Interesting, someone had that pulled fast. Now I'm 100% convinced they watch this ENZC board here on IHUB.
It would have been perfect to publish this back in November but now it's misinformation and much of it's no longer accurate. What would be nice is if the company actually released thourough and right to the point news like this article is every few months to keep us fully informed where things stand.
May be dated today but it's completed outdated info and you can tell it was written back before the lawsuit and Nasdaq problems if you pay close attention to a few specific statements within it.
Sounds like that was written back around November before all the SAGA issues came to light. Why it was released now is odd.
Like most things here the AI part of things us beyond confusing. They issued a PR about working with Khalpey labs on the AI partnership and then it was talked about on Twitter by Dr. Khalpey being alao a partnership with IBM and Chandra was in on the discussion. Yet Chandra has his own Chandrashiti AI under BGEN.
It's beyond me why these guys can't just issue a press release covering EVERYTHING once and for all and where things stand right now for everything in the pipeline.
Correct, sorry it was a late night post. What I meant was basically that all the main assets (mainly talking Clone 3 and AI) were going to SAGA under the subs and that Chandra and Charles were both assuming new executive roles there (BGEN). Bc of that it makes sense Charles wouldn't remain under ENZC and that he'd go where Clone 3 went. Just using that info to show that the subs are not back under ENZC. Charles wouldn't abandon their Clone 3 and Chandra wouldn't abandon his new AI under BGEN. The subs are clearly still separated from ENZC.
Have to agree. A blind monkey could have steered this ship on a better course than these guys did to this point. I can't imagine playing out worse than it has.
They have a fiduciary duty to update us on where things stand. It's getting beyond ridiculous how this is being handled as a publicly traded company with shareholders being kept in the dark on so many things.
I invested for Clone 3 as well and when we are informed the status of that, I'll decide whether my free shares from 2020 are staying put or if I'm fully moving on.
"(I do think they are currently operating as though the SAGA deal was completed and remains in effect. JMHO. I've previously said I don't like the deal they cut.)"
100% agree that this is the case. I think they carried on as if the deal was still ongoing and maybe just hasn't been legally unwound yet bc of the complications that will take and also the time. Maybe Charles is just letting it play out with them technically still under SAGA while he finds a new deal or new shell also.
If the SAGA deal is unwound and everything returns to where it was then I would guess you're correct and that also returns to who was in charge. It makes sense that Chandra may have declined the CEO spot bc he knows through Charles that the SAGA deal is in limbo or already being unwound. That info may only be known by Charles and Chandra at the moment and was kept from the ENZC side since they were separate entities under the SAGA deal.
I know for a fact that the subs have to still be separate for the moment at least minimum bc Chandra never would have patented his own AI under the sub and then given it back and declined CEO of his own AI program. After a lifetime of the Cotripias working to bring Clone 3 forward there's also no possible way he just handed the sub back to ENZC and walked away. No chance for either. Zero. Those subs are still separate as of yesterday's PR.
The SAGA deal was a realistic price and that was with the two subs and assets all still under ENZC.
The deal equaled about .10 cents a share which is where we went on the news initially.
If the subs return under ENZC then this immediately becomes severely undervalued and a steal anywhere. 01 range.
If the subs stay separated then there's no way to determine what the share price should be to reflect a reasonable value here until they give us more to go on.
Meeting was called due to "no assets no operations", which we were told last summer would be the case.
I think since they though there obviously are new assets. The whole reason the Khalpey, ENZC and IBM info was released recently.
The two subs that went to SAGA are not currently back under ENZC and may not come back but there's still value here if people are paying attention.
Khalpey and IBM didn't partner here for AI work if there was nothing here of value anymore or this was a "scam" as the bashers like to cry. Let's keep it real on all sides of this right now. That kind of partnership doesn't happen bottom line if there's not some end value to be had. Like most bio it just might not equal immediate revenue.
I'm disgusted how things have gone here like most, but again, keeping it real and down the middle with my opinion on where we currently stand. We're back at pre merger prices and they just announced the above partnership with IBM.That alone makes it worth holding free shares still or taking a gamble on more if one can afford to risk it. That's where we stand at the moment.
All anyone needs to remember is that IBM isn't going to work with any company that isn't 100% legitimate.
Pretty spot on.
This is a 50/50 toss up gamble right now.
News at any moment could send it significantly in either direction.
Tossed my lottery ticket in.
I'm not sure why people still aren't getting why there was a board meeting to elect new members when it was known that would need to occur since last summer when they told us what executives were going where under the terms of the SAGA deal.
They told us Charles would run the one sub and Chandra CEO of the other. Both subs went to SAGA and as far as we know are still there until we are told otherwise. If they were returned to ENZC, (1) we would have been told by now and (2) control of all the subs and assets surely would not have been turned over to the control of Steve and especially not Harry Z lol. That alone tells me the subs are still separate and either I'm limbo or still under SAGA until the deal is legally voided or legally unwound.
Because Charles and Chandra left with the two subs as new executives under each of those they needed to elect new ENZC board members. Chandra was offered dual CEO positions and declined, maybe he wants to just focus on one and that's understandable.
Remember last summer they told us "no assets and no operations" under ENZC when the SAGA deal finalized? Well they're still acting like it's going forward bc electing a new board is obviously one of the steps after "no assets and no operations" went into effect.
I'm not sure why it seems no one on here, or Twitter seem to understand all this.
Basically what it looks like right now is that they are attempting to continue on under the SAGA deal despite the legal issues and despite the Nasdaq failure. Everything points to that right now. Maybe there's a lot of legalities behind the scenes to unwind the SAGA deal or maybe Charles just refuses to let it go until forced to or is looking for another shell awhile.
I can guarantee you if the deal unwound and all assets and subs were returned to ENZC, we would have been told by now. And I can also guarantee you that Charles would not hand over all those patent apps, assets and AI and especially control of Clone 3 to Steve and Harry Z to take control of. Absolutely no way.
And BTW if anyone needs any more proof that the subs are still separate, just think about this. Chandra patented the Chandrashiti AI and it's under the one sub he is CEO of. Does anyone really think that the subs went back to ENZC and Chandra just turned over his own recently patented AI with his own name on it over to a new board and then declined CEO position on top if it all?!? No chance.
The subs are 100% still separated from ENZC.
All hopeful personal speculation like the rest. If the deal was voided and all value returned to ENZC, which is major company news, why was it not included in yesterday's significant PR? Bc it hasn't as of this time. That's why Charles has no interest anymore in ENZC as executive and neither does Chandra. Exactly why a new board was needed and was voted on. All the proof I need that the subs are still under SAGA or hanging in limbo until Charles decides where they're going.
That's major company news that would be expected to be shared if that were the case. And you would think if that had happened it would have at least been in yesterday's PR. All logic from info we have points to them remaining under SAGA still. You really think Charles is just handing both subs, their Clone 3 and all the other assets and patent apps he applied for under the subs back to be handled by Steve and Harry Z? Lol come on.
What the hell are you talking about? The point was simply fact vs pure speculation. Has nothing to do with this site or its rules.
The fact remains that we don't currently know if the subs remain under SAGA (as we were last told) and if Charles is continuing with that deal for the time being (regardless of eventual outcome or legalities) or if the deal was voided and subs returned to Enzc.
No one knows the answer at this point.
I got in early enough to have free shares to let ride to see this play out luckily. Can't say I trust it any further than free shares until we get more clarification.
I just know that the recent Khalpey and IBM partnership news clearly shows that there's value here. Revenue generating at the moment or not, companies the likes of IBM don't partner or work with other companies that aren't legitimate. That's a fact.
Of course you are. There's no confirmation at all that the subs are back under ENZC and no confirmation that the SAGA deal is voided with all those assets returned. Pure speculation at this point.
Once again you are posting your personal speculation as fact. There is no comlany released information to tell us at this point where we stand on the SAGA situation or the state of the two subs with the assets and value in them.
Agreed but I brought this up to show that clearly Chandra hasn’t abandoned ENZC and to show that there’s something significant still going on under ENZC to warrant the attention and partnership of the likes of an IBM. Those points alone should be holding this over .01 until we get further info.
Specifically*
(Can’t edit on mobile)
Just to touch on one subject specially.
I think most people are forgetting that ENZC just announced in Jan that they were partnering with Khalpey lab and just last week both the Dr K and Chandra mentioned it again and that they are now working with IBM. What a difference a week makes with some peoples memories (not you specifically Mutat).
So clearly Chandra is still involved on the ENZC side of things. He most likely just didn’t want both dual CEO roles.
The partnership with Khalpey labs and IBM should have been enough alone to keep this over .01 until more of the unknowns are clarified, but the otc is full of morons. Hard to not buy more at these pre merger 2020 prices. The pipeline hasn’t changed in any way.
Even if the SAGA deal continues on, how could they possibly issue us the dividend now? So it’s in the dumpster as far as we are concerned. We were promised shares in a Nasdaq company and at the $10 price with a make whole clause. The dividend couldn’t possibly happen any longer even if Charles stays with SAGA into the otc.
The patents are filed under Charles name, correct? Why do people keep thinking he was outed? He was already under SAGA and the subs, this was simply to name new ENZC management based on what they told us all along would happen via this Saga spac deal.
Yea and wasn't the AI platform supposed to be under Saga with Chandra running it under the one sub? How are Khalpey and Chandra working with IBM USING AI if it's under the sub that went to SAGA?!
It's infuriating why they can't provide a comprehensive update on where everything stands.
Then why not just provide a clear update saying so? There's no type of nda or anything that prevents them from saying what assets are under what currently. This whole thing is am amateur hour shitshow and it has been for years.
If the SAGA deal was out there, there’s others. The continued silence with no real clarification on things is beyond unacceptable. Today’s PR did nothing as usual but stir up more questions than answers. Typical with them.
It's not going to. Anyone who thinks Charles went through all this to just hand over complete control of Clone 3 back to ENZC with Harry Z in charge is out of their minds.
What matters here at the end of the day is whether Clone 3 and the rest of the value remain separated from ENZC or if they end up back under it. Without Clone 3 and the rest of the pipeline that currently sits under SAGA in the two subs (BGEN and VIRO), ENZC has zero value without them.
Also do you really think that after all this effort to remove the subs from ENZC by Charles that he’s just going to let the whole pipeline go back under Harry Z’s leadership? There’s absolutely no way. That’s the equivalent of the Cotropias just gifting Harry the reigns to the entire pipeline including their Clone 3. No way. Unless he’s legally forced to revert them back to ENZC I can’t see that happening.
All speculation. If that was the case, why haven’t they issued a PR stating so at this point? Everything they’ve stated seems to say otherwise, that the subs will stay away from ENZC.
Well it surely appears that the subs aren’t going back under ENZC. Seems like Charles is indeed set on keeping them away from it. Whether they stay under SAGA or not, who knows, but that sure doesn’t help us out.
At least before we were getting some kind of dividend out of this whole mess. Not even sure how that could possibly happen at this point. SAGA shares won’t be on Nasdaq, the make whole provision is basically worthless as well. SAGA clearly has no cash. The only way this would still be beneficial to us commons is if the dividend had been given as cash or at least had a cash option instead of SAGA stock. They can’t possibly do that. Already delisted, and their GLD case could drag on for a year or two. Trying to find any sort of silver lining here for us longs and I just don’t see it in any possible way.
Starting to feel like he really is. Especially after that bullshit tweet about doing better at communicating with shareholders.
Hell at these prices it’s insane not to buy. Even a spike back to lowly .02’s once they finally break their silence is double your money. May as well flip this like the others have.
“Correctomundo! SAGA deal is dead. Which means all subsidiaries and patents go back to ENZC. Which is why they are restructuring leadership. Because past leadership decisions failed.”
There is no confirmation of any kind that this is happening. Pure speculation.
The SAGA deal isn’t “dead” until officially stated in a Press Release, which it hasn’t been.
SAGA being delisted by Nasdaq and their ongoing lawsuit don’t have anything to do yet with this spac deal with ENZC being “dead”.
The subs still remain under SAGA until they tell us otherwise and that’s 100% fact as of this moment.
None of it makes sense. Regardless of what’s going on with the SAGA lawsuit and the Nasdaq delisting, the de spac process still never completed and the SAGA / ENZC deal was never approved by the SEC. Aren’t all spac deals required to be regulatory approved? That’s what I thought we were all assuming the entire time here. The assets under the ENZC subs went to SAGA when the deal was inked in September as far as what all the PR’s claimed. If the spac deal can’t legally be completed, then it would make sense that the entire deal is voided, meaning the subs get returned to ENZC and we’re back to where we were prior to September. As of today, this PR was definitely just part of the SAGA deal still playing out. So it looks like they are continuing on believing they will be able to finalize this de spac process and keep things under SAGA.
lol there was no “shakeup”. No one must have paid attention to any prior PR’s. The Cotropias and Chandra left with the subs under the SAGA spac deal months ago, leaving the void at ENZC over who was officially going to run things here going forward. They just held an internal meeting to elect the new board which was necessary from the start of the spac deal. Chandra is already CEO under the one sub that went to SAGA. He simply must not want to run both at the same time.
I’m not sure why no one seems to be understanding that this is still simply the SAGA spac deal we’ve been told about for over half a year now playing out. So clearly the deal is still “on” and it was not voided due to the lawsuit and Nasdaq issues. Therefore the subs and assets still remain under SAGA now as if the spac deal is still ongoing.