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Same as everyone else the last three years.
Give me a single example in theee years of ANYONE getting an email response. This has been discussed to death here. It gets old giving the same tired “email the ceo” response when we all know that will go no where.
Give it a rest already with the damn “email the CEO” bs. No one has ever gotten an email response regardless what it was about.
The lack of cash is the least of SAGA’s problems. Why did he pick a spac that was already 6 months delinquent on filings at the time and had already gone through another failed spac deal?!
A caring, competent CEO would have come out by now with an official press release, at length discussing the current situation and reassuring shareholders openly that they are tirelessly working behind the scenes on other financing options should the current SAGA mess not pan out.
Let shareholders know you’re working on other options so that should this fall through, financing will still be happening. SAGA is not the only possible option. There’s always another route. The silence and lack of transparency for awhile now is what’s killed this thing the last two years. Their PR’s are always vague and never leave you feeling confident about what’s to come. They have always left most here with more questions than answers. NDA’s aren’t an excuse either.
Still hoping Charles is actually competent and comes to his senses here in the next two weeks and backs out of this while he is able. Or if that “maybe” clause is in fact ironclad, and should SAGA fail to remain on NASDAQ the deal terminates anyway, then he needs to reassure shareholders of what was stated above. A clear path forward with more than one option for funding should another fail.
Like I’ve stated many times now, (on a positive note) we were trading around .04 before this SAGA route was ever announced. The IP / pipeline has not changed. None of their science has failed. The potential is the same is always was. There are many routes to funding, SAGA is just one and it’s not going to matter in the long run if they have to ditch these clowns and go another direction for funding. All years are audited now, which should also make it easier to approach others for funding. The main problem at this point is the silence and the lack of transparency. Shareholders don’t want to hear philosophical quotes and empty tweets pretending to care. They need to SHOW shareholders that they care and provide clear answers and paths forward should one not work out.
There’s a lot of good people still left here Charles, with alot of hard earned money invested in your company. People who had faith in you to lead this company in the right direction for over three years now. It’s time for you to act like a real CEO, get out ahead of this thing and stop leaving your remaining shareholders left hung out to dry. If you care about those that have supported you all this way, they show it!
I’m at a loss for words at this point. I thought it was bad a year ago and never expected we’d be where we are now. Would have called you crazy and told you it was impossible had you predicted this back then.
Answer one simple logic question:
If you refuse, the board can take it as you not knowing how to answer.
Company “E” currently holds 100% of their assets. They sell a % of these assets to company “S” and are now left with “no assets”. What % did they sell to company “S”?
Maybe you need the hooked on phonics.
Considering you refuse to acknowledge Charles own words in the summer filing. Enzc would remain post dividend with “No assets, no operations”.
Only 4 words, I think you can do it buddy!
Dude. Wtf is wrong with you seriously??
Everyone that read the filing with Charles own words, knows they sold 100% of the IP to SAGA, hence the “no assets, no operations” left post dividend payout.
If someone has 100% of something, sells it and is left with nothing, what % does that tell you they sold?! Ffs man.
I can’t believe this is a serious question…
At this point it’s obvious Charles isn’t competent to run this company (or any for that matter). It’s almost like he wanted this pps to dump all along. Every chance he has had to stop the bleeding he just fumbled the ball even more. Even a shred of competence would have kept us from being where we are now barely holding above a single fking penny three years in. I literally despise these clowns.
“There may be a clause”…
“may”
Yea, that’s promising. Let’s risk our entire company on a maybe. Along with the other maybes that is the court case and Nasdaq appeal.
If Charles doesn’t back out of this voluntarily while he has the chance, he deserves every bit of the shit show he will eventually bring on himself for continuing on with this corrupt, incompetent entity that is SAGA.
I’m well aware of that, what does that have anything to do with what I stated?
Since GF loves this SAGA deal so much, did you also ask him if he loved their argument to the court that they legally do not owe shareholders any fiduciary duty under Delaware law?
In layman’s terms for anyone that doesn’t understand, SAGA told the judge that they don’t give two shits about shareholders.
They first proved that by overriding the shareholder vote and stacking insider shares in their favor. Rendering the shareholder vote moot.
They further proved they could care less about shareholders by the above statement to the court.
This is a company you want to be a part of as a shareholder?
Would you also want to be employed by a company who outright tells their employees they don’t care about them?
Guess we’re gonna bleed to trips until Charles decides to open his rat mouth.
The constant bleeding down pattern and the fact we’ve watched it daily for years doing the same thing is beyond words.
It’s just the same thing over and over. We have like a week or two straight of red days. The RSI moves like a snail when we’re in the downtrend and we can bleed out that long before it gets to the oversold territory.
Then we’ll have one 10-15% green day magically out of no where, or one or two 5% green days in a row and does the RSI move like a snail upward like it did down? Nope! Instead the RSI shoots into overbought right away.
Then the pattern starts all over again. The chart for this is just one giant downward slide since 2021, besides that brief spike last spring on the spac news.
This is the only topic that matters currently.
Charles has until Dec 31st to back out of this deal.
Considering the Nasdaq delist letter alone was laundry list of violations, including more than half saying this spac deal isn’t even legal in the first place and itself was the cause of many of the violations, the lawsuit which is likely to drag on for awhile and the fact that SAGA still isn’t up to date on their filings, it only makes sense for Charles to back out of this and then possibly wait for them to see if they can fix their issues (doubtful) if nothing else is an option in the meantime. You can’t just hang your whole company on the hope that SAGA gets its shit together and someone gets out of this lawsuit and then also somehow gets Nasdaq approval to continue trading.
Since Nasdaq is saying the business combination itself and multiple aspects of the deal violated Nasdaq guidelines, then clearly the only way to fix those is to completely redo the deal over again. How else could they possibly fix it when the deal itself caused multiple violations? There isn’t anyway to cure that but to redo it from the start. The insider shares issued was another problem as well as the insider vote without shareholder approval. Can’t fix those without unwinding the deal and starting over.
Bottom line, the lawsuit may go away with a large payout to GLD, but they ARE NOT going to be able to resolve the Nasdaq issues without starting over.
So therefore, the only thing that makes sense to protect ENZC’s assets is for Charles to back out of this while he has the chance still, and then if he’s still hellbent on going with SAGA, he’s going to have to sit and wait to see how it plays out.
Think about it people. Nothing else makes ANY sense. He can’t just sit and wait for SAGA and then months from now find out that Nasdaq is denying their appeal. Or finding out SAGA loses the lawsuit bc the spac timeline expired anyway due to the non made extension payments, etc. And then SAGA is forced to unwind and ceases to exist. There’s far too many negative outcomes here for SAGA that are very possible. You can’t just risk your whole company and IP under the SAGA umbrella waiting for those outcomes. You can’t take that chance.
Exactly. lol. Unreal.
Only an idiot would want to see this deal continue through to Nasdaq under an r/s in disguise (that we already knew) and now being out in the open as to how dysfunctional, corrupt and incompetent SAGA is.
Nearly a dozen Nasdaq violations surrounding this deal, major lawsuit, year late filings, shady insider share voting, extension payments not made, the list could go on and on.
Who in their right mind wants their investment to go under the umbrella of a company like this?
Oh look, GF for one does! What a shocker. The guys the biggest idiot in the back of them all and has proven himself to be over and over again.
Just further proof of their incompetence. If Charles doesn’t back out of this thing by Dec 31st, then he’s showing himself to be just as incompetent if not more.
It was rhetorical.
How can a company state a spac deal is completed that has not even gone through the full de spac process and been approved by the SEC?
Nope. The Nasdaq delist letter stated that an appeal would not prevent the delisting and that it would only buy 15 days regardless of when the appeal hearing was held.
Does that mean they are going to void the business combination agreement with ENZC? Because at least half of the Nasdaq violations involved that alone.
If Nasdaq says the spac deal violated multiple guidelines, then how can they be compliant by the hearing without cancelling it completely? Also, they will still be delisted in the meantime since the appeal only buys them 15 extra days.
And my point remains.
With all the incompetence we’ve seen from SAGA, how can anyone in their right mind want this spac deal to go through?
All the purposeful ignorance to secuity rules, all the late or still not filed year old filings, the missed required extension payments, the shady share creations and insider payouts, the stacked insider votes, the fact they told a Delaware court that they legally did not even need to meet a “shareholder fiduciary duty, the Nasdaq multiple violations, the SEC violations, etc.
If the rest didn’t throw up multiple red flags in the last 6 months, the Nasdaq letter should have been the final straw. They’re flat out telling you all that this company is incompetent and corrupt and purposely ignored guidelines. They’re flat out telling you all the multiple violations.
I mean how long does the list need to be for people to say “maybe this isn’t a good thing to combine a business with these guys”?!
Ahh more from the idiots in the back. Imagine actually wanting this SAGA deal to still go through after seeing the incompetence in the Nasdaq violation letter alone, besides the lawsuit and everything else.
Not currently. That’s why Charles own words in the summer filing was that post dividend payout ENZC would be left with “no assets, no operations”.
Doesn’t mean that it would stay that way, but at the time of the dividend payment to shareholders, ENZC would have basically next to no value.
“To start, when one retains 100% of their ENZC shares then it's not a R/S.”
Only true if ENZC would retain its market cap and share price post dividend payout.
Which it couldn’t possibly do if 100% of the assets and operations were sold and transferred to SAGA.
Incredible that people still aren’t understanding this.
Just another delay. Like I said though, we were trading around .04 before SAGA was ever PR’d last spring. So we are still way under where we should be at this current pps.
Still waiting for anyone to confirm Charles has until Dec 31st to back out of this spac deal. I remember that being posted but cannot find it.
Exactly lol
Correct. There could really not be a hostile takeover due to the insiders preferred.
I’m sure their sole motivation to “fix” things is 25 million dollars each in SAGA shares. Nothing else.
If ENZC is trying to stay in, then I think Charles needs a medical evaluation to see if he’s even competent to continue running this company. How can any rational person look at all these Saga issues and want to remain involved with them?!
What part of reality am I denying? Please enlighten us.
Again, everything I’ve stated is facts.
Please give us your almighty solution to their numerous incurable Nasdaq violations. I’d love to hear it. List each violation and then list how they can resolve each one.
Court case isn’t even the main problem. You’re ignoring the handful of Nasdaq violations other than their filings that they cannot possibly fix.
Most retail knows the IP pipeline had not changed. So this is way oversold. Like I said, we were .04-.05 before the SAGA deal was ever announced. There was no bad news here as far as their science goes, only that there is a delay now due to the SAGA mess. Beyond frustrating as usual here, but let’s hope Charles is smart enough to announce a new direction asap. ITV-1 was already under a delay so this SAGA thing really just is a financing delay at this point. Which obviously isn’t good, but hopefully SAGA wasn’t Charles only route. The other financing routes prob weren’t going to pay them 25 million a piece personally, so maybe he should decide whether he wants to advance this science finally or take a payday and retire. I’d sure be happy with a buyout at this point so I don’t have to watch this drag on another who knows how many years with the same people in charge.
Unreal that the Twitter cult still thinks this SAGA deal is happening. Multiple posts today about finishing the deal.
Do they realize that the majority of the Nasdaq delist violations aren’t fixable? Not to mention the court case. Not to mention the SEC review that would need to happen.
It was discussed many times before, but has anyone confirmed with anything they can link (verifiable) that Charles does indeed have until December 31st to back out of this deal?
Don’t you ever stop and think, hey, overwhelming majority of people can’t stand me. I wonder why. Maybe it’s time to look in the mirror for once and see the real problem. Smfh.
Lmfao majority of my posts are all factual and share long things relevant to this stock. I’ve posted news and other information here before any others even knew it existed many times in the past and I’ve also continually been one of the only ones to post links to the recent SAGA case etc to help members. You’ve never had a single post with any type of dd or relevant info. It’s all just your know it all warped opinions. Hence why you’re blocked by 99% of the board. Am I? Nope.
No wonder every member has you blocked. I don’t think I’ve ever once seen you contribute something relevant to this board.