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Exactly. Things are starting to make sense now.
Looks like Valuator is on the right track to fill in the missing pieces. The preferred A control shares were likely turned over to Harry in exchange for letting Charles and Chandra take their tech and walk. Everything is pointing to this after what Valuator confirmed with the change in preferred A controlling shares. Why else would Charles and Chandra just hand over their controlling ENZC shares and subsequently allow Harry to take over the company with a board vote (with his now controlling block of preferred A shares) for change of control? It’s starting to add up now.
Interesting. Fits right in with my speculation that Charles and Chandra decided to get their assets out of this whole mess altogether. They hand over their controlling shares to Harry in agreement to let them walk with their side of the tech and Harry takes over full control of ENZC. They vote the new board in and then amend the SAGA deal to reflect this. BGEN now has no value, so it’s not sold to SAGA as part of the deal anymore and goes back to ENZC as an empty shell). And bingo, here we are.
Yes, I was only speaking as far as the press release statements.
Going after them for the Twitter stuff will be very difficult. Chandra never came out and promised anything, it was always dangling carrots with hashtags and vague hints at things. I’m not aware of anything Charles ever said that was outside the press releases besides that spring 2021 emerging growth conference interview. And he just laid out the timeline that they expected at the time to complete certain objectives. Very hard to prove they defrauded in any of that.
Wouldn’t call it running away. I’d call it a smart, strategic move by Charles with Chandra following suit, to get the hell away from this shady circus sideshow that is Harry, Enzc and SAGA. They knew how bad this SAGA mess was as well as the constant problems bc of Harry during the time at ENZC, so they did the smart thing and got their valuable tech away from all this mess.
Company isn’t helping matters with these constant delays on filings. It doesn’t take this long to upload filings to otcmarkets after already having otciq access.
I can guarantee you Charles got Clone 3/7 whatever it is out and Chandra followed. The safe harbor statements protect them from anything stated in a PR at the time it’s issued. Things change. Just because they were hopeful of something in a year or two old PR and stated specific things at the time, doesn’t mean when things don’t pan out or go south that they are liable after the fact for defrauding. You’d have to prove purposeful intent to defraud, which is basically impossible. Every PR has those safe harbor statements at the end to protect the company should things not go as planned at the time of the PR.
Just from the recent PR:
“Safe Harbor Statement: This news release contains forward-looking statements that involve risks and uncertainties associated with financial projections, budgets, milestone timelines, clinical development, regulatory approvals, and other risks described by Enzolytics, Inc. from time to time in its periodic reports filed with the SEC.
While Enzolytics, Inc. believes that the forward-looking statements and underlying assumptions contained therein are reasonable, any of the assumptions could be inaccurate, including, but not limited to, the ability of Enzolytics to identify acquisition targets and formulate a business strategy for implementation. Therefore, there can be no assurance that the forward-looking statements included in this release will prove to be accurate.
Such forward-looking statements are based on current expectations. They involve inherent risks and uncertainties, including factors that could delay, divert or change any of the statements made, and cause actual outcomes and results to differ materially from current expectations. No forward-looking statement can be guaranteed. These forward-looking statements are made as of the date of this press release.
For once Archilles, we are in full agreement. 100% correct.
Charles did the smart thing after all. Some of us questioned for months why he was still allowing the SAGA deal to go through with all their major pending issues, putting their Clone 3 and other assets at risk. And reputations at risk with SAGA being shady, delisted and the lawsuit.
Going to speculate that Charles wanted this thing nixed and Harry refused to void the ENZC / SAGA deal and that’s the final straw that led to the falling out and change of control with Charles and Chandra both leaving to take their tech elsewhere. Makes perfect sense with how today’s PR was worded. Charles and Chandra left, taking the tech out of BGEN, leading to the change of control in ENZC and then this new amended SAGA deal without BGEN being involved. Why was BGEN not involved and the deal was cut from $450 approx in half? Bc there’s no assets left in BGEN clearly so it was not worth anything to be still part of the deal. I would bet anything this is how it played out. Just put two and two together from what we know without any bias and it makes perfect sense.
Charles did the smart thing to get his assets out of this and Chandra was smart to follow.
There was no mention of any assets under BGEN. Don’t you think if there actually were those major assets back under ENZC, through BGEN, it would have been mentioned in the PR? It wasn’t mentioned bc they are gone with Charles and Chandra.
Put two and two together ffs. The filings just released show Charles and Chandra both officially gone. They even issued a supplemental change of control filing that verifies this fact. And Harry with full control with the preferred A voting shares. Harry is now fully in control of ENZC. Charles and Chandra and their assets officially out. Read the PR as well. All progress under VIRO is basically back to square one. Africa project was cancelled. We already knew that long ago. Not sure why that’s still a question.
Per the new otcmarkets filing, Chandra refused his position on April 12th. That’s the same day the press release was issued stating he had not yet accepted his new position within ENZC. So looks like he read that PR on the 12th and immediately notified them he was refusing it.
The filing also shows that Charles is out from ENZC.
Looks for sure like there was a major falling out and Charles and Chandra took their assets elsewhere. Harry is now in full control of ENZC as the filing clarifies that the Z trust holds the preferred A voting shares.
Harry is in full control with preferred voting shares. This was part of the filing just posted on otcmarkets. See below.
“Disclosure of Change in Control and Other Material Events:
1. A description of event(s) and relevant date(s) resulting in the Change in Control.1
There was a special meeting of the shareholders held on March 19, 2024 at which a new board was elected, resulting in a change of control of the company.
2. The name(s) of person(s) who acquired control and person(s) from whom control was assumed. For corporations or other business entities, please provide the name(s) of person(s) beneficially owning or controlling such corporations or entities.2
Harry Zhabilov, Dr. Lachezar Ivanov and Dr. Gaurav Chandra were elected as the new board of directors. Charles Cotropia was not reelected to the Board. Harry Zhabilov and Dr. Ivanov accepted their appointments. On April 12, 2024, Dr. Chandra refused his position. The board is Harry Zhabilov and Dr. Lachezar Ivanov.
3. The name(s) of person(s) that participated in, assisted in, organized, or brokered the transaction between the purchaser and seller, resulting in the Change in Control (if applicable).
The Series A Preferred Shares have voting control of the entity. That has not changed. Those Series A holders are Felizian Paul and Zhabilov Trust (control person Diana Zhabilov). All Series A voted were present and voted in favor of the change in control.”
They just clarified a lot by what they didn’t say. You can tell by now that when these guys put out a PR but specifically don’t mention something, it’s bc it’s bad.
The deals for half, so the SAGA shares that will be handed out for the dividend after all will now be half what they were (bad enough before at 450 mil) and that are now worthless because it isn’t even tradeable.
The PR is glaring it what it didn’t say, that BGEN came back but with no mention of any assets. That’s bc they are gone. Charles and Chandra are 100% gone, removed per the ENZC filings posted yesterday by Timing and took their assets from BGEN with them. If anything of value was still under BGEN, they 100% would have just mentioned it in this sad attempt at a pump PR. The fact they left it vague about what was coming back under BGEN tells that much.
And they verified all progress and agreements are back to square one with what is under VIRO. Welcome to 2020 all over again, without Clone 3.
That’s a new one. Calling a post misleading bc he linked the actual company otc filings lmao. Unreal.
Brutal
When was the dividend anything other than SAGA shares? No one disputed that. So it is an absolute.
According to the company it was. And that includes a life long lawyer who was with them at the time they completed it. So I think it’s safe to say that it was. Highly doubt all these guys are continuing forward with all the scrutiny on it if they knew it was illegal from the start. Especially not Charles as a life long lawyer. That tells me that whatever fine print they tossed into it made it technically legal. Whether it met the nasdaq requirements is moot now.
Glad there’s now finally confirmation for those still unwilling to believe that Charles and Chandra are both officially gone.
You were never getting money. You were getting SAGA shares. Which it appears you’ll still be getting.
No they don’t, it was sold to SAGA under the subs in the competed deal. Which even the new ENZC ceo is telling you in a PR was completed bc they are contacting FINRA to commence with the distribution of the dividend shares. The now worthless SAGA dividend shares, but none the less, they’ll be handing them out.
And like some of us repeatedly warned last summer, they told all shareholders at that time, well in advance, there would be “no assets, no operations” left in ENZC after the completion of the sale.
Here we are now, “no assets” left under ENZC and people are screaming to the sky for lawsuits. Get real people.
No prob, it’s clearly hard to keep track with all the back and forth here at times.
I’m not stating that some type of shareholder lawsuit with damages awarded is impossible.
What I’m countering with facts is the moronic false notion that as a public shareholder you are entitled to any ownership of their products, assets or patents etc developed under their time as ENZC, as was previously claimed here for days now.
You don’t have any rights as a public shareholder to claim their products, assets, patents, etc. Which was what Achilles has been claiming and others like you are backing those claims.
I’m not attempting anything other than posting facts on this board to counter the false and misleading bullshit constantly posted, which I’ve done for over three years. People can take it as they wish and do what they choose.
Many people have already lost their ass here, so giving them facts to weigh on before others lead them into a worthless shareholder lawsuit to suffer more losses, is reasonable in my view.
The shareholder meeting was only for insiders, don’t try to twist this bs any further than it’s already being twisted. They gave no public notice of any shareholders vote.
Apparently not based on some of the moronic posts made here.
Sad that some basic trading facts need shared here, but I’ll do some of you the favor before you lose more. You’re welcome.
https://www.investopedia.com/investing/what-owning-stock-actually-means/
As an investor in a company, you own a portion of the company (no matter how small that portion is); however, this doesn't mean that you own property of the company …
What Owning a Stock Actually Means - Investopedia
Investopedia
SEC.gov
https://www.sec.gov › quizansrPDF
Answers
When you own stock, you own a part of the company. There are no guarantees of profits, or even that you will get your original investment.
Do you know how ridiculous you sound?
Completely false. Like I said yesterday, by your logic, I could just go buy some public shares of Tesla and own Elon’s patents and assets. You’re confusing insider shares with public shares. You don’t have any rights to their assets or patents just because you voluntarily invested money. Learn as well what safe harbor statements are and the fact that any investment can lose money. You aren’t entitled to anything just bc a stock or company failed.
Actually he confirmed first hand that ENZC has vacated the lab there and is gone. More writing on the wall (as if anymore was needed) that this is over.
The only thing anyone could really try to go after is Chandra’s Twitter posts. The PR’s all have safe harbor statements for a reason. So going after ENZC for anything in any press release ever put out will get no where. Going after Chandra for his pumpy, hopeful sounding Twitter posts is never getting anywhere.
These weren’t run of the mill everyday 9-5 “employees” sitting in a lab working on the hiv progress under Clone 3.
We’re talking about the company CEO who brought his families previously developed Clone 3 under this with the merger. Patent apps were under the Cotropias names. Any work which further developed Clone 3 into Clone 7 or whatever they are calling it would still not belong to ENZC. And it sure as hell would not belong to shareholders in any sense regardless lol. You don’t just throw some money into Tesla stock and suddenly own the patents and asset rights under Elon’s name or the companies. Lmfao. These assets were also under BGEN which was a subsidary. That was sold to SAGA in the deal which was completed and even the new CEO confirmed as much just two weeks ago in the PR stating that they were still going through FINRA to issue the dividend shares.
Zero and I mean zero chance that Charles just left the rights to the Cotropia’s “life work” to Harry Z. Not even a possibility. Whatever they want to call it now. Clone 3, Clone 7. Clone 101003828171. Doesn’t matter. Those valuable assets are gone. It’s just something people have to come to terms with here.
Don’t even get me started on that and the one behind it…
Didn’t mean you personally and agreed. That guy is supposedly a lawyer himself. So why’s he looking for $100,000 to “retain a lawyer”. I’d assume out of his realm on this one, but I wouldn’t trust that guy either with a penny let alone what he’s telling people he needs.
He ballparked needing over $100,000 just for starters to get the ball rolling. Majority of shareholders here took major losses. Who the hell is going to risk more of their money at this point and pony up over a hundred grand after already losing their asses on something that has little to no chance of ever going anywhere. The lawyers will be the next ones to walk away with all your money. Smfh.
You didn’t help them with anything. You invested in a publicly traded company and risked your money voluntarily. You do know what safe harbor statement are correct? Every PR they ever issued had one at the bottom informing you that basically nothing stated may pan out and any investment is a risk that can lose money.
Investing in a stock doesn’t give you control of their assets or patents in any way shape or form. Any lawsuit would be over other aspects of shareholder rights. And there’s less than a 1% chance anything would ever come of it.
Clone 3 was developed previously and brought here in the merger in order to combine with ITV.
Are you talking about the recombant Clone 7 or whatever new combo they worked on under ENZC and patent applied for?
Bottom line, it’s moot. You simply do not as a shareholder own company assets or patents just bc you invested in a companies stock. Get real. Are you actually entertaining this bullshit?
Clone 3 was not developed under ENZC. And you do not own a companies assets just because you’re a shareholder. Smfh.
Are you serious? You don’t own someone else’s patent just bc you voluntarily invested money in a publicly traded stock of their company.
I don’t know but I would guess that the way that SAGA got delisted and the dozen reasons why that weren’t possible to correct, there’s zero chance they ever see the Nasdaq again. At least not for years, if it’s even possible for them to somehow work it out or work their way back up and what good does that do anyone here. And without unwinding the deal completely from scratch, half the issues that they were delisted for in the first place wouldn’t be resolved at any point, even years from now. They’ve shown they aren’t doing that bc they’re attempting to still issue the dividend according to the recent PR. The otc is prob their only realistic option and I also don’t know how a delisted Nasdaq stock even goes about getting relisted on the otc. They haven’t even spoken out about their plans for SAGA so it’s impossible to know much of anything. I would guess they’re going to wait until the lawsuit gets resolved first and then decide on their course of action. And that could be awhile.