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I have applied to be a moderator but limited with computer skills.
Wick, it will be interesting to see who will come on board and whether they will be positive or negative.
The real question is what will SAGA PPS be when the ENZC deal is completed.
The future of SAGA is developing as we go. It will be interesting.
Good idea Wick! Thanks!
Just returned from travel and noticed that OTCN is missing on the ask. Has that been the case this past several days or is this a new development?
Whatever is necessary!
The news today is an update on continued progress in Africa. Nice to know in my opinion but not the block buster news everyone wants. All in due time!
Virogentics, Inc. ("VIRO") a wholly owned subsidiary of Enzolytics, Inc. (the "Company" or "ENZC"), a drug development biotech company, announced today it has received approval of the final protocol from the Department for HIV and AIDS, Ministry of Health of the DRC (Democratic Republic of the Congo). This paves the way for the projected August administration of the patented immunotherapy ITV-1 treatment to volunteers under a fast-track protocol supervised by Neuro Pharma Ltd - Rwanda, at HEAL Africa Hospitals, GOMA, PRC and Panzi Hospital, Bukavu, DRC. Approval of the protocol criteria was the final step necessary to meet the requirements to inject the African HIV/Aids volunteer patients, subject to the review and approval of the ethics committee of the Center for Innovative Drug Development and Therapeutic Trials for Africa (CDT-AFRICA).
Well said Falon! We wait and see!
ENZC currently owns the patents! Did not say we will own them after the SAGA transaction. My understanding is certainly different than yours. I do hope your right though.
I believe things will become much clearer after the SAGA deal is settled and we know more about all those NDA's we are involved in.
Bigtalan, click on this site and place your medical question and start your interaction with their AI program. I did so with my recent heart issues, and I went through several questions and received answers to each. Very Impressive!
Very Impressive! If you haven't tried it out yet you should do so.
OTC Updates!
If you're calling OTCN share updates bs and not fact, then you have lost all credibility on this board. You care to comment more?
OTC Updates from April 19th until July 11th. Fact not speculation!
Fact- Unrestricted shares have been added and non-retail MM's continue to control the ask. I suspect when we see the shares in the float it will verify that additional shares have been sold. When will their sell order be completed? That continues to be the big question.
In the time frame from 4/19/23 until 7/11/23 we have seen outstanding share increase of 100 million, a restricted share decrease of 106,426,400 and a unrestricted share increase of 226,794,580. I suspect many of these have been handled by OTCN and INTL. These are not typically retail MM's. I am hopeful like many of you that the selling well dries up and the PPS will once again be controlled by retail. In the meantime, anyone wanting cheap shares are getting them and we should be thankful of their buying. Just keep the buying happening and the price around .046 until news and/or sell contract expires with these two MM's.
This may be the first license agreement granted. Big demand and very innovative treatment and the first cure for the feline virus.
Currently, there is no cure for Cat Feline Leukemia (FeLV) virus. The cost of treatment of the virus is significant. There are more than 45 million cats in the U.S. and over 25% of households in America own one or more cats. FeLV is one of the most common infectious diseases in cats. This virus affects a significant percentage of the cat population in the United States, resulting in millions of cats suffering from it. This same problem exists around the world in the world population of 600 million cats.
Production of monoclonal antibodies targeting this animal virus and bringing this therapy to market will be more direct and the time to treatment of animals will be significantly less than is the case required for monoclonal antibodies developed for the treatment of individuals. The Company has initiated discussions with animal health providers who express an interest in this technology and its end product.
I don't believe the dividends will taxable until when they are sold. Could be short term or long term. I believe this to be true, but others may have different opinion.
We should not forget that ENZC will continue to maintain not only Robustomed but also Bioclonetics Immune Therapy. Throw in those 900 million shares recently added and we have multiple possibilities. Sell, form new partnerships and/or acquire another bio company. I think I will hold on to my millions of shares and wait for more news to come. In the meantime, I see SAGA trading has picked up and the current ask is $11.60. Just imagine when some test results come in. All good for me.
Have you considered the PIPE investor money? My understanding is that is what will fund the trials and other development..
You may want to re-read it!
A simple explanation! I must agree with it! As far as the ENZC vehicle we still have some unknowns. I wonder why Bio Clonetics Immunotherapy was created. I also wonder about the 900 million shares recently created. Still some mystery and intrigue to come.
Well, it certainly has been an interesting week. As we dig into the SAGA arrangement, we try to calculate what our future investment will look like. Questions certainly include such things as do I sell ENZC now and leave with my tail between my legs in disappointment? Do I buy more ENZC that will result in even more SAGA stock dividends? What will happen to the value of ENZC after dividend payment? Do I sell my new SAGA stock on receipt of dividend payment? Will significant future events occur that will drive the SAGA price much higher than $10? Will ENZC use the additional 900 million shares for an acquisition and/or partnership?
Many questions with answers coming in the future but we just don't know how soon. For me patience will be in order. I personally believe that ENZC PPS will start to move up as soon as the ink is applied to the contract. Large investors will analyze the agreement and the potential dividend value. If either of the subs being sold hit one or more homeruns in the months preceding the dividend date the potential SAGA value will skyrocket. Now we wait and see! Good luck to all the long-term holders as well as those just now coming on board. Hopefully we all reap the rewards.
I continue to believe we will see new developments for ENZC that will create added value. The PPS should maintain itself until papers are signed and then we will see an uptick due to demand and expectation of dividends. Anyone selling ENZC now is very short sighted in my view.
We will know when the float numbers are posted. OTCN in particular represents large a seller of shares and INTL can be hired as well. Their actions on the ask speaks volumes. You can discount it if you wish and will continue to disagree. All good!
One thing my age and health issues have taught me is that current becomes past on a day-to-day basis.
For me the past is the past and today is the current in regard to ENZC and SAGA. The rehashing of the past will not serve me well and I choose to move on for today and look forward to tomorrow.
Always a possibility Rockie. The value will be determined on how clean a company is and Charles seems to have built in some safeguards again past liabilities.
But I must add, I do not believe we will come to that as several million shares are available to make future acquisitions and/or partnerships. In the meantime, the demand for ENZC shares will pick up as we get closer to the dividend date. The game begins when the SAGA deal is signed.
Anybody's guess! NDA's meaning more than one so we must wait and see what shakes out.
Well said Drhumi! Love your comment on where the Devil is hanging out. LOL
So, please explain what is happening to the increasing unrestricted shares.
Yes, as long as we continue to see OTCN and INTL on the ask order we know the sell order has not been completed.
Foxie, I confirm your numbers are correct and I must also point out that since April 19,2023 there have been some additional changes. These numbers are through 7/11/23.
Outstanding shares have increased a little over 100 million shares.
Restricted shares have decreased 106,426,400 shares.
Unrestricted shares have increased 226,794,580 shares.
While this might concern some it only confirms what we have been seeing in daily trading. OTCN and INTL have been selling as directed by a sell order and the market is having to absorb those new shares. My belief now is that the company needed additional funds and I am ok with that. The SAGA deal is now the focus along with any new developments of potential acquisitions and/or partnerships with ENZC.
Thanks Banjob! Nice that we are thinking along the same lines. I hope we are both correct. I am gambling that we are. Now we wait and see what develops and in the meantime the demand for ENZC shares will go up in anticipation of the dividends. When deal is signed the real action will begin.
I believe the dividend calculation is 15 days after the 6 month period.
Yes, no change!
I read it the same way. Buy for 6 months afterward agreement is completed. That will help the ENZC PPS.
Interesting! Just considering all the options both pro and con. Thank you!
The information I am reading is from the supplemental update we received yesterday. Hopefully, it will be clarified.