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I haven’t made a trade here (buy or sell) in over two years and I can prove that anytime to anybody. But sure, waste more posts with your bs conspiracies.
GLD isn’t Gilead, it was a misunderstanding. GLD isn’t taking over anything, they’re simply the SAGA spac sponsor llc.
I’d bet anything that GLD is simply putting this lawsuit out there for a bigger settlement since they know Barry failed to file the extension 8k’s after July and the spac deadline expired. So they know they have the upper hand since the spac technically expired and the deal isn’t legal. Like I’ve been saying, I’ll bet they take a monetary settlement and the suit goes away. Unless SAGA / ENZC try to play hardball but I doubt it. They all know the spac expired prior to Sept 30th. So they’re going to want this to go away fast. Then it’s just up to the SEC to approve it.
Ahh thank God. I literally thought I was going crazy and that I must have missed like a week of dd here lmfao!!
All good man, don’t worry about it.
Let me guess, you possess the only “right” one? Lmao.
Wait, what is GLD’s link to hiv cures / treatments or other bio pharma?
I must have missed something here recently. I thought they were simply one of the spac sponsor llc’s.
Over 200 million diluted. Disgusting.
I guess you’re forgetting the part about the spac deadline expiring August 23rd, that means anything beyond that point wasn’t legal anyway. You can’t legally complete a business combination after the deadline to do so has already expired lol. This is a fact you’re continuing to purposely ignore. If GLD wants this deal dead, they aren’t going to have to do much. But as I’ve said, all suits like this are about money, so as long as SAGA offers them a big enough payoff to walk away, then the suit will be dropped. That still doesn’t mean much bc the SEC is going to take a good look at this bc they are the ones who have to approve it and with all the shadyness and red flags surrounding it, who knows. If some of us online are aware of the fact the spac deadline actually expired in August, then I’d think the SEC will see that as well. And the insider share payoff is highly suspect. They’re going to look at all that before granting an approval. So much of this is up in the air at this point. Not much of what I’ve stated here you can really argue bc a few of us have already backed all this up with linked facts.
“REVENUE generating products to market”…
I guess you conveniently missed the key words used in yesterdays dividend example. 400 per 100,000 was a “best case” scenario.
Nasdaq company. No required filings since November 2022. Nasdaq default notices still unresolved. Nasdaq company. Lmfao. Thanks again for the comedy.
Exactly. GLD says a year or more ago they are all for a business combination. Well I’m sure most were on board with it at the time. For everyone involved in the spac it was the goal to find a business combination. It’s irrelevant to this current court case. And of course they can change their mind later if illegalities or red flags come up. Thats why it’s laughable that KOP shares that today. I used to think originally that guy did good dd but he exposed himself long ago as just another know nothing cult pumper. Perfect example was his bullshit narrative spin today sharing that info above which riled up the cult base blindly agreeing as usual. Then he even retweeted that disgusting Chandra tweet attacking a shareholder who was actually tweeting a positive statement about ENZC. He’s also been the one who led the charge in attacking Timing101 for his always factual posts and questions. These real “idiots in the back” just never quit.
Bottom line, it’s irrelevant if GLD agreed to be for any business combination for SAGA early on. If SAGA later breaks spac regulations, demonstrates they are incompetent and defaults on the spac deadlines to close a business combination, it’s entirely GLD’s right to change their mind or at this stage after the fact file suit like they did. That’s why they had voting shares from the start obviously. Barry didn’t file the proper extensions and the spac deadline to compete the business combination passed in August. Then they claim to have closed the business combination September 30th, issued shares before anything was finalized or approved at the time and apparently without GLD or shareholders votes bc they used insider shares to manipulate the vote in their favor. Then when they are sued, they come out and say they need the shareholder vote to extend the deadline bc they don’t have time to compete the business combination, yet that was supposedly already closed since September 30th. None of it makes any sense.
Genuinely a comedy of errors and incompetence and likely malfeasance as they surely knew what they were doing and that it was illegal.
They issued those insider shares immediately in order to stack a vote in their favor.
Like I said, this spac deal is dead unless GLD decides to take a payoff and walk away. And even then it has to go through the SEC.
$ENZC is still the best OTC play out there baby 🤙 pic.twitter.com/PQASsPtm74
— Prettyboy666 (@Prettyboy6663) November 21, 2023
I’ve already stated that I don’t like this deal. It’s a reverse split in disguise. Many now see that. What I want is a better deal for the common shareholders than we are currently getting.
I’ve said they had no products to market yet in 3 years after flat out telling shareholders “4 revenue generating products by end of 2022”. That’s a fact.
I said they had no money for clinical trials. Well, that’s from their own mouths, so that’s a fact.
All I’ve done here is post facts. And anytime I’ve been wrong I’ve owned up to it.
Don’t blame fellow shareholders for being pissed off that dozens of company statements never panned out. Let me guess, you’re happy you’re getting half the dividend “best case scenario” previously given to us as an example? Did the insiders also get their shares cut by half? Lmao hell no.
Hey Chandra, I guess we know now that you read this board. Instead of attacking longtime loyal shareholders on Twitter, look in the mirror. You’re the one who made these statements and dozens of others. You’re the one who proclaimed “we won” and giving names for shareholder yachts.
Then we find out that we’re getting screwed with this deal and the dividend and you have the balls to attack someone online that simply made a completely positive ENZC post? Pathetic.
Is GLD corrupt? Most likely. They’re suing for money regardless of what they claim now and that’s why I said earlier this week that the only chance this SAGA deal goes through is if GLD takes a payoff to walk away. Barry fu**ed up and didn’t file the extensions and there was the opening anyone needed to kill this thing if they wanted. And then the insider shares being handed out early is just another icing on the cake for a suit. And where do you all think that payoff is going to come from? Yep. Pulled from shares of one or both of these two. More dilution, less dividend, etc. if this does go through.
Clearly you know nothing about lawsuits. It’s all about money 99% of the time.
Once again I think you’re off your meds.
Dissing?
Hardly. All I’ve done is post facts. And will continue to do so. If the facts are currently a negative topic, blame the company for that.
It’s not even relevant if GLD voted for any business combination previously. If the deadline to close a business combination deal expired, everything else is moot. If they closed a deal that wasn’t even legal to close anymore and issued insider shares before anything was finalized and approved by the SEC, that’s the issues at hand.
This guy clearly knows that and is posting this bullshit to steer a narrative away from the problems going on.
These pumpers are as corrupt as anyone in this shit. And it’s absurd how many still follow along and buy the lies.
$ENZC $SAGA Here are some of the signatures and the link to the documents where the plaintiffs in the suit against SAGA agreed to vote their shares in favor of any business combination.
— King of Prussia (@ImKingofPrussia) November 21, 2023
Link: https://t.co/oQifYNdM1f https://t.co/1AWsHXcra3 pic.twitter.com/DekFG6vySN
The amount of shares isn’t even the point lol.
Chandra sure reached a new low today. The guy was posting a positive remark about ENZC and he just gets randomly attacked.
I’d love to see the pumper cult defend this one.
Without even looking at the replies I can guarantee there were the usual pathetic suspects liking and posting their gif responses to Chandra.
Truly earning their rep as being called the cult.
How did our career attorney do with the other lawsuits? Oh that’s right, Savov somehow still got his 70 million shares even though that was supposed to be a slam dunk case. A on the up and up career attorney wound have dropped this SAGA mess long ago. Now he’s got himself in a new mess bc ENZC execs are getting drug into this suit thanks to the premature issuance of insider shares among other glaring red flags.
Exactly. Well said again.
What?? This has nothing to do with a potential forced takeover by GLD at all. Not even remotely what is going on here.
Perfectly summed up. The real questions here and the real discussions that should be happening, but you know the majority will call this “bashing” or deflect. Same as always here.
Ok, I see what you were saying now and I fully agree.
Oh ok. Then fully agreed. What KOP had circled was deceptive and knowingly so. He’s done it plenty before. And when called out or questioned there’s either no response, ridiculing or blocking. Just like GF and the rest. He knows exactly what this entire thing is about and that’s multiple times now he’s aimed to steer a one sided only narrative.
What are you talking about “everything looks great”?! are you being sarcastic? I honestly don’t know what to make of your post.
What you just posted goes along with exactly what I’ve been saying since last week.
The first part of the section you pasted states exactly that they have to close a business combination within the specific timeframe and extensions can be allowed.
This is exactly what has been discussed.
Everyone should remember last spring and summer SAGA / (Barry) was filing the monthly extensions as required to keep the spac going.
The last one (8k) Barry filed for the extensions was July. Which gave them another month through end of August (23rd).
There were no more monthly extension filings after that. Which means that after August the spacs extension deadline closed.
Barry would have needed to file for the August extension AND September, and that’s if the business combination was actually considered competed on September 30th like they are now saying.
That’s two months later when they supposedly completed the business combination.
We are all assuming this is why GLD filed this case among some other things they are suspicious about (like the premature payout of shares to ENZC insiders) etc.
Bottom line. If the spac deadline DID expire in August, then they cannot legally just skip two more months down the road and then still sign a business combination agreement. Deadlines are deadlines. Do you guys understand this now?!
I’m talking about diluting the rest of the ENZC share structure leading up to the dividend. They are going to dump as many ENZC shares as they can on us before it’s done.
This dudes almost worse than 2020.
This means absolutely jack shit and of course the twitter cult pumpers wouldn’t tell any of you that. They have a one sided narrative.
It doesn’t matter if GLD previously agreed to a business combination back in 2022. So what if they were all for it at that time?
If the SAGA spac window to close on a business combination ended as of August 2023 when Barry failed to file any 8k extensions after July, (which seems the case) that makes the whole entire thing legally null and void after August.
Not sure what people are not comprehending about this simple fact. If the spac deadline to close expired, you can’t just pick up two months later and still close on a business combination lmao.
They’ve already proven they don’t give a damn about us shareholders, so it’s a safe bet that all those will be converted and dumped on us by the time the dividend gets paid out. That’s why they called yesterdays 400 / 100,000 a “best case” scenario. It’s going to be worse than that come time to payout.
Chandra just doesn’t know when to stfu. Amateur hour here just never ends.
Unfortunately many are in the same boat and you’re just going to have to hold and see how this plays out. A miracle could still happen, who really knows. If you’re down that much there no point to sell right now unless you absolutely can’t afford to lose the rest. I do still think if this spac deal does play out through the dividend that there will be another pps spike before the ex dividend date. Only makes sense since the dividend is still around .06 or so equivalent. Plus there’s the chance this whole spac deal is not even going through anyway. Right now I think all of us are just waiting to see how things play out.
Now that we know for certain Charles, Chandra and the rest of these clowns don’t give a rats ass about shareholders, I fully want to see SAGA and ENZC railed in this lawsuit and the spac deal implode, if nothing more than to just see them get the karma they deserve.
ENZC now got themselves fully involved in this lawsuit as GLD named them as being complicit in the SAGA shadyness and potential illegalities and even linked Mondays press release in a letter back to the court late on Monday.
What the hell anyway, ITV-1 results are up to 13 months out anyway and clearly the rest of the pipeline is far behind that even. These guy are experts at delays and clearly amateurs at the rest. I can’t imagine a small bio doing less over a 3 year span than these spuds did.
“Up to 4 revenue generating products to market in 2022” guys! Yet we close out 2023 with zero revenue.
The dividend estimate was already a slap in the face and now it’s “best case scenario” half what we previously thought. Now that’s just a kick in the balls.
They also mention fully diluted how many times, so if this deal goes through, I can foresee the next 6 months these guys just selling off enzc shares until the a/s is maxed out and then the dividend we are actually paid being even less than 400 / 100,000. Then you’ll see SAGA get diluted while still 6 months out from even getting ITV-1 results. Then you’re left with a diluted SAGA and your $10 shares are now $1 shares. That’s exactly how this mess is playing out.
I still think this soac deal never makes it unless GLD takes some massive payoff. And if they do, it’s prob going to come out of diluted shares to pay them off, screwing us even more. I hope and still think the deal isn’t making it, not only because Barry neglected to file the extensions past July, which ended the spac deadline in August, but because there’s so many red flags here now that I can’t see how the SEC approves this shit show.
Hopefully Charles and Chandra get that kick in the nuts right back themselves and then Charles is left with no options but to take whatever buyout is on the table. I bet he’s had a few but it didn’t allow them to collect $25 million in stock like they can with this SAGA deal. Any buyout would have to still net us far more than this pathetic pps currently sits at.
Let me guess, missing the important context again. No shock that low iq dipshit fraud failed to mention in his usual narrative twist the specific wording in todays PR that stated todays 400 / 100,000 dividend estimate was a “best case” scenario.
Meaning that the final decided dividend given out (if this ever makes it that far btw) will be EQUAL TO OR LESS than todays 400 / 100,000 example.
$ENZC is stating that the biz combo with $SAGA is now closed lolol - such dirt bag sponsors and shareholders... and a mockery of the markets https://t.co/uMHHwsF3Tc pic.twitter.com/IPDgVnO083
— Odd Diligence (@OddDiligence) November 20, 2023
https://stocktwits.com/Naysayslayer/message/551868479
GLD just asked the judge the same things we were earlier today. And pointed out the glaring contradictions and shady statements from ENZC / SAGA.
Beyond this, it would still have to pass the SEC.
What a shit show.
Agreed, they have many more problems than just GLD and I hope it bites them in the ass and this deal dies. It does nothing for us long common shareholders but screw us.
They also clearly state that todays 400 / 100,000 dividend estimate is a “best case” scenario. So it’s most likely going to be even worse when the final numbers are released.
Exactly, so where’s the S4 to the SEC?! If the business combo was completed in September, then where is it?
Anyway, among the other glaring problems with this deal, the biggest problem of all that no one is discussing is that Barry never filed the spac extension 8k’s after July. Meaning that this whole SAGA spac deal expired August 23rd. He never filed the August or September and this is why GLD has a case here if they see it through. This SAGA deal is done unless they drop the lawsuit (which SAGA / ENZC will likely use millions of shares to try to pay them off) much like how other were suspiciously paid millions in shares for “consulting” etc.
SAGA’s spac deadline expired in August, so if GLD really wants to kill this deal there will be no stopping them. Personally I hope this thing dies and goes away, bc it’s clear now we are getting completely screwed.