Thursday, November 19, 2020 4:46:22 PM
To piggy-back on your post, its important to note that Charles also has a FIDUCIARY DUTY (legal obligation) to Enzolytics Inc. shareholders (us) to maximize value.
When Charles became CEO of ENZC, his fiduciary duties to ENZC shareholders kicked in. This is one of the reasons it was so important when Charles was named CEO of ENZC BEFORE the merger was completed.
As an attorney, Charles is aware of the fiduciary duty that CEOs have to their shareholders; therefore, I don't envision a scenario where ENZC shares would lose value in the merger. In fact, its the opposite and we will see PPS skyrocket to catch up to actual valuation of the merged company.
The $1.5M in notes from BioClonetics shareholders should not have any type of material impact on ENZC PPS. Hell, I've seen ENZC trade $6M in just one day.
The way this has traded over the past couple of months, I think we're in for a major ride North.
Minimum 5x (which would put Market Cap at a conservative $150M, especially after BioClonetics was valued at $127M by Navigant in 2017).
But I'm thinking more like 10-20+ times current PPS because BCLS has reached additional milestones, we have Covid pipeline in the works now (which they obviously did not in 2017 when valued at $127M) and ENZC brings a ton of value with ITV-1.
Holding & Adding. GLTA.
https://www.nolo.com/legal-encyclopedia/fiduciary-responsibility-corporations.html
Recent ENZC News
- Small Cap Recipient of Military Drone Technology • InvestorsHub NewsWire • 11/20/2023 01:14:45 PM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM