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Nope, looks like we will be able to celebrate CE infamous second birthday after all
Just the difference between the date they declare the dividend and the date they pay the dividend. Most of the time the payment is due later, in this case the dividend will be paid upon acceptance, best way to convince the shorts to cover btw
Fully agree, it will either go up or down. Great call
Let's put it this way : we have a non binding offer on the table valuing part of the company at 0.088, yet the market is pricing ENZC at a 35% discount. What does that tell you? What do you know that the market does not and more importantly, what does the matket know that you do not? Ready to listen to the arguments
That's what I earlier called irrational.
VENG 70 million market cap for a company with no revenue and 15 million dollar loss. The new bagholders are lining up, like the ones who bought ATVK in the 2021 spike
I would not necerssary call a non biding agreement with a SPAC nobody heard of before good news. It shows above all ENZC is unable to raise cash to fund their operations internally. On top of this there is so much confusion about the content of the PRs. May be we should ask SAGA's take on the "deal", what's in there for them and ENZC. They are not going to throw 250 millions they do not have by the way just for being nice and finance ENZC programs. In all these kinds of agreements, whether we are talking SPAC or VC, they are vultures that walk away with most of the benefits. On another note, what is happening with the NDAs in place, or is it the deal that was called the monumental shift last May? All the noise for that??
0.007x0.0085, should not hold
Wishful thinking does not help at this point. With 514 million shares out, this would be a 22.5 million market cap. That's where the meaning of caveat emptor (buyer beware) kicks in. What would you have for 22 millions is a patchwork of unrelated companies with no product and no revenues (excluding the one time drone patent sale without which the 2022 loss would have been half a million dollars). Before we get to a nickel, we need a strategic business plan with milestones and financial resources to execute it. So we are far from getting out of the wood. On the other hand OTC can be very irrational. Any pike when/if CE is removed will be a selling opportunity
Trust me I have enough shares in hand at this point, and it has been dead money for 2 years. Not buying any time soon
And the colllaborations with Intel and Samsung as well.
Like saint Thomas, I will believe it when I see it, ie they can issue a clear PR explaining who owns what and does what. SAGA is buying BGEN and VIRO as per first PR for a mere 250 millions, and ENZC shareholders will get some kind of dividend. With them go AI, monoclonal antibodies, IPF Immune and HIV cure. These were viewed like the eight and ninth wonders in the world. They serm to be gone for 8.8 cents. So now the next wonder is Clone 3. Fine, I guess will get a dime for it in a couple of years. My average being 7 cents, it will not be the announced killing. Remember the poll on Twitter in January on where SP would be at year end all the way to one dollar!!! Lol
Like saint Thomas, I will believe it when I see it, ie they can issue a clear PR explaining who owns what and does what. SAGA is buying BGEN and VIRO as per first PR for a mere 250 millions, and ENZC shareholders will get some kind of dividend. With them go AI, monoclonal antibodies, IPF Immune and HIV cure. These were viewed like the eight and ninth wonders in the world. They serm to be gone for 8.8 cents. So now the next wonder is Clone 3. Fine, I guess will get a dime for it in a couple of years. My average being 7 cents, it will not be the announced killing. Remember the poll on Twitter in January on where SP would be at year end all the way to one dollar!!! Lol
Looks more and more that ENZC will be an empty shell and SAGA will enjoy the benefits. Third PR and still zero clarity in what goes to SAGA in terms of assets/resources/IP. Looks like Chandra is jumping ship while CC role is not clear. How can you be leading two different entities at the same time is a mystery to me. In any case we can forget the pumpers' idea of anything north of 10 cents a share, since the meat will be somewhere else
If it were the case, it would not be tanking today, though down volume is very light
Don't know what you are smoking but it is pretty strong stuff...
Don't waste your time. If somebody is unable to differentiate between Research and Development and trials, I wonder why he is invested in biotech. If trials were costing 250 millions, I can tell you there would be zero small biotech. FYI, Propanc Biopharma stated it needs 25 millions for its FIH trials of PRP cancer treatment candidate, so your numbers are correct. I left Twitter because it was becoming a zoo, I see nonsense is building around here. Just let ENZC have a clear presentation on BGEN and VIRO, the assets that are going to SAGA, what is left inside ENZC, like the pump they offered in April 2021 that never materialized. I think it would be time well spent for shareholders and potential investors. ENZC getting a stake in a SPAC does not make sense to me, dividend is unclear. Looks like a teenager wrote the PR or ChatGPT got confused. In any case the level of English and clarity does not match the science
That's an understatement. They even acknowledge errors in PRs now... They should use AI to generate these PRs like ChatGPT!!
Let's walk before we run. At this stage no reason for it to go above 0.027 where it was standing before the suspension prior to CE. That would already be an achievement.
You won't see 5 cents before we have an updated strategic plan for the different subsidiaries - and a plan to fund it. Too many broken promises in the past (Flexfridge would have been cool when it was necessary to store vaccines) so credibility needs to be restored first : letter to shareholders, conference call, presentation... all is welcome after CE removal. I'd be glad if it really happens before the summer.
Looking at the discussions on the ENZC board, I think PPCB should use a SPAC to fund the PRP trials, thus avoiding RS and further dilution. Any thoughts?
Thanks, very interesting article, although the ENZC process is rather different as the "target" is already known. So it is a pure financing deal and an alternative to the IPO as stated in the article. This is changing my view on the deal, IF -and the article is clear about the risks- SAGA can raise the capital...
Audit is about the past, they do not have to disclose anything on the future, so it makes no sense
Wake me up when that happens. It's been asleep for 2 years. Just want to know if we will be able to have a birthday party for 2 years under CE or not. Couple of weeks to go... I would say yes because FINRA usually takes 30 business days for answering, then we have to send the request to OTC, so July is probably most likely
Time will tell. Let's wait until May 19, but I hope they are preparing a clear presentation on the split of VIRO and BGEN, mentioning clearly what goes out and what is retained in the future ENZC. That should not be difficult and would help transparency, because yes, we should have a market cap of minimum 250 millions shoul the deal go throughDepending on the above, we will find out if the new ENZC is worth holding. No way I want SAGA shares, not at all the sector I am looking for
I live in Belgium, the country with one of the highest tax rates in the world. Withholding tax on dividends is 33%, on top of the US tax. On the flip side, no capital gain tax. But my net pay is on average 45% of my gross pay, so yes I am probably paying much more tax than you (north of 150000 USD/yr together with my wife).
Market not impressed...
Bid back down to 0.0071
Fully agree, furthermore the one time dividend will be subject to withholding tax, so you'll end up with half of it. The future ENZC seems a little hollow at this point. What happens to the NDAs in the deal? The more they communicate, the less it is clear. They need to hire a PR firm!!
you have to take into account OS, not AS
It looks like Chandra and CC become SAGA employees...
That's what happened, but SAGA is probably an intermediary for BP in order to buy it dirt cheap, so no need to invest in it
It is called the right to disagree with the sheepish attitude and the right to criticize what is not viewed as good business practices, since a lawyer and a medical doctor are probably not the best set up to run a biotech company. I wished the members of the Board could help in the matter to instill some kind of governance and strategical overview
Then I guess you are also not allowed to buy ATVK anymore because of MIFID. Most of OTC stocks are "reduce only" as of April 17, impossible to buy anymore
Then I guess you are also not allowed to buy ATVK anymore because of MIFID. Most of OTC stocks are "reduce only" as of April 17, impossible to buy anymore
Then Twitter is automatically adjusting the time for me in Europe. 6 hours with NY is right...
Why is it then dated 4:40 pm on 4/19, while it is only around noon?? Are they living in a time warp
Yep, going down...
The second part of your message would be insider trading and would get CC in trouble
Well, you get 8.8 cents, that's a start...
What would CC and al. do with a buch of shares of a SPAC? They want to get into VC business or biotech after all? SAGA is an empty shell serving as an intermediary to raise funds, not really the sector you want to be in when interest rates are higher
if they get it right this time...lol
I hope one day we will be able to know what these comments were and how they were handled. No need to boast about a no comment letter when you do not address them properly. Deleted items?? Why did they delete them if not asked. The document is 103 pages, who cares about 1 or 2 additional. Amateurism, and they seem proud of "turning it around in one business day"...