I would like to see them split profits between paying off convertible notes and new miners. A 45/45/10 split being idea. (Keeping 10% cash on hands so we don't have to go into debt ever again, or to expand when the timing/market/deal is right.) When the debt is paid off, switch to buy backs and dividends.

My final post of the day. I hit my cap.

> Charles wanted the value away from ENZC,
> and my guess is because of the lawsuits,
> and IMO has royally screwed us over in the process.

In the past, I did not disagree with this. However, if this is the case, we're missing 20 Million SAGA shares per DRHUMI's math.
36,000,000 SAGA Shares / 3,900,000,000 Authed ENZC shares (Full Dilution) = .00923

16,000,000 SAGA Shares / 3,900,000,000 Authed ENZC shares (Full Dilution) = .0041

If we use Outstanding Shares, which is what such a thing is supposed to use. We're missing 23 Million SAGA Shares:
13,000,000 SAGA Shares / 3,172,000,000 Outstanding Common Shares = .00409 <- Which is the upper range they gave us in the PR.

So where are the 23 Million shares going? If ENZC keeps them, fine. ENZC has some value post-sale as a holding company. Our ENZC shares won't become worthless. Any other outcome is a major, what the hell. And I think grounds for a lawsuit.

I follow African news regularly as I have had investments in West Africa. To be fair, Congo has always been pretty bad, but it recently turned into a real S***show. Ethiopia has its share of problems, but the capital is stable, safe, and secure for the most part. I'm not sure why they chose DR Congo in the first place for ITV1 if Ethiopia was an option. (If I had to guess, money.)

The delay sucks, but it's better than our clinic getting raided, all our test subjects getting shot, and our Docs getting kidnapped. Although, with our 400/100k spac deal, I wouldn't count on our Docs being safe anywhere in the world with the Bulgarian Mafia after them . :)

This confused me as well. The numbers don't add up unless they plan on keeping shares for ENZC. I also noticed in the filing that we still own 100% of BioClonetics Immunotherapy. Does anyone know what this subsidiary contains? If this subsidiary contains patents and ENZC retains some shares of SAGA for future quarterly dividends, then we have some value left in ENZC post-merger as a holding company. Otherwise, I am grossly disappointed in the SAGA shares we're receiving for our two subsidiaries.

They need to clarify what remains of ENZC post-sale and their plans going forward.

At the end of the day, ENZC needs funding to move its core products (ITV#/Clone#) into western trial phases.

Without a partnership or a buyout, the only way to do it is with a reverse split, dilution combo. This has a negative connotation, but it's how they can raise funds if they've been unable to bring in a third-party pharma company. And that's probably why ENZC has been holding back news/test results and isn't SEC reporting. The plan is to reduce the share count, release all the news, thus driving the price up, and then dilute enough to cover clinical trials.

A SPAC is an excellent opportunity for this. It allows the company to uplist to NASDAQ, reduce the share count, and it allows them to release their news, and issue new shares to raise funds.

I think the company failed to get a biotech partner in the last few years. Most good deals were probably awaiting some phase results. The plan was then to audit the company and uplist inside pinks. However, SAGA presented a way to uplist, reduce share county, allow dilution without shareholders losing holdings value, AND enrich ENZC management with extra shares.

And so ENZC ditched the plan to audit, sec report, and uplist on OTCQB in favor of SAGA's SPAC. From the released court papers, it seems that SAGA is the primary bad actor and ENZC's management did nothing illegal. (If communications between SAGA and ENZC come out and prove otherwise, we're in deep doo-doo) Nonetheless, ENZC's management looks incompetent at best and scumbags/scammers at worse.

Hopefully, we didn't turn down more legitimate fundraising avenues for SAGA. Especially considering all the free shares ENZC management was going to gain from the deal. I hope the company still has a path forward, but with the share price crash, audit and uplist are now off the table. And with this whole ordeal, hopefully, the company does not have a scarlet letter with other SPACs/investors.

Of course, we've only heard one side of the case. ENZC needs to put out a statement. If SAGA is dead (as it seems ) and another SPAC/Partner/Buyout is not in the cards, they need to audit and SEC report NOW. Hopefully there will be enough there to sure up the stock price and allow us to uplist. I have my doubts now. :(

Let's say you own 0.01% of ENZC shares, approximately 317,297 shares.

I can't be assed to look up which PR it's in, but I believe SAGA will be paying us approximately 900 shares per 100,000 in the sample that was given. That leaves you with 2855 shares of SAGA or ((317,297 / 100,000) * 900) / 48500000 = 0.006%.

So you are correct. We're currently losing 40% of our ownership in the subs. Both outstanding shares of ENZC and SAGA have changed since the last time I ran the numbers. (Or I may have used the float, doesn't matter. It was an error in my part.) However, in the above example, assuming SAGA sticks at $10, we're looking at +$20,624 (360%) above current values.

I don't see how they raise the funding to get any products to trial outside of Africa. For all we know, they've failed the last 3 years with the other methods they tried. The choice is between ENZC doing nothing as it has the last 3 years. Or raising the funds needed to push the products forward via this method. I'm fine with us losing any percentage of the company to get out of Pinks and get products moving toward the market.

I got in sub-penny. I sold in the mid-phase of the dump, I rebought too high, and the company has languished since, unable to raise funds or find a partner to get to trials. I'm happy to see anything now to move the company forward on its products. Otherwise, we keep bleeding back into the trips.

The amount of FUD that gets spewed about this stock is amazing. Pumpers pumping, Poopers pooping and scooping, and the mentally ill are abound!

1) The SPAC deal is good, despite what folks like MAGA say. We're giving up 10% of our ownership of part of the company for 5x the current price and access to NASDAQ. Even if ENZC has nothing left (and they still have a subsidiary and maybe patents,) we're up on the deal unless SAGA crashes below $2 and gets delisted. That is the same risk we have with ENZC.

2) NASDAQ uplisting requires the company to file SEC reports and audits. If the company has been holding back any big news, they'll finally spill the beans once they're required.

3) The company has likely failed to raise funds or make partnerships in the last 3 years. The SPAC is a way for the company to raise the needed trial funds.

4) Talks about share count don't matter. Market caps and percentage of ownership are what matters. It doesn't matter if you own 1 Million shares of ENZC at a penny or 1,000 shares of SAGA at $10. It's still $10,000 in value. We'll be losing roughly 10% of our ownership of the new company, plus any amount they likely dilute at. But in the end, the market cap should be up compared to today.

5) There will likely be dilution with SAGA after the merger but before the make-good period. This is why SAGA is paying so much above market value and why there is a make-good period. Most likely, they release real news after the merger. The stock goes up, and then SAGA dilutes 20-50% they need to fund everything. We're still up 3+ times over current levels in that case.

Recent FUD about selling rights is just that, obvious misinformation about Rights. Think of Rights like options. SAGA sold the rights to purchase discounted shares. They haven't sold the shares yet. It's just a contract to purchase them. This isn't Pokemon. You don't need to collect 9 of them to get a share or whatever ya'll are blathering about. HIGHBRIDGE paid $X to purchase Y shares at $W value by Z date.

The difference between options is that these shares will be new shares instead of shares on the market. So this is dilution. They won't be diluting shares at $1 or whatever BS FUD you all are spreading. But they won't be $10 either. More realistic values are in the $5-$8 range. But I have not looked into it. Nor do I know if it's public information.

Remember folks, people are trying to scam you both ways. Do your own research on what stuff means yourself instead of taking anything here for truths.
https://www.investopedia.com/terms/r/rightsoffering.asp

I'm liking the revenues. It's a shame we didn't turn a profit, but at a loss of $0.0000063 per share, I'll live.

I hope to see a PR that states the average price we sold btc at, and how many additional minors (as a percent) we plan on bringing online by next Q.

Thank you for your service.

Shhhh! That doesn't help their narrative.

$0.03 here we come! I need 100,000 more shares!

Poor guy has opened himself up to being spammed by fervent and frustrated ENZC shareholders.

Please post if any of you get any good information out of him.

Ah well, that's IMSA/ALMS, a bit higher barrier of entry. 24H is Creventic/FIA. They run GT3, GT4, TCR, sports cars, touring cars, silhouette cars, etc in 12 to 24-hour endurance races. If it meets the safety requirements, they'll find a class for you to race in. Licensing requirements are much less, and it's cheaper to run. They mostly run in Europe, but 24Hr of Dubai is their halo race. Pre-covid, they used to do a yearly run at COTA or Sebring.

They have a bunch of Porsche Cup cars running, hence my question.


If I'm ever up in Utah, I'll swing by. I'm rarely in that part of the country, although my wife and I have considered retiring to WY a few times.

FYI other folks, endurance and sports car racing can be a profitable business venture IF you have ample enough gentleman drivers to fund the program.

It is single-seaters that burn the cash going up and down the ladder.

Mutat, any interest in running the 24H series? If ENZC ever breaks $10/share (good luck), 24H is on my bucket list. Otherwise, I will occasionally peak into running Champ (Chump) Car and doing Iracing.

Is it not going down practically every single day?

Even good news only keeps us up for a couple of days. Then we're back down to lows.

Revenues will be the only thing that salvages this stock price.

Maga might be a little overzealous yelling about money manager boogie men, but his l2 Pattern recognition is fairly good.

Perhaps you would rather only listen to the complete fabrication (both positive and negative) that folk like to spin on here. I don't. That's what the ignore button is for. Use it. It makes this place MUCH more tolerable.

You get a lot of flak on here from jaded hopefuls, MAGA. But I want to thank you for your analysis and the L2 data that I am too cheap to buy. Don't be dismayed when many of these lots attack you. It's just a sign that we're all frustrated with the lack of progress and the "muzzle," as you call it.