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Re: TheCoach post# 180602

Friday, 06/30/2023 12:21:50 PM

Friday, June 30, 2023 12:21:50 PM

Post# of 198922
Thanks for the info Coach, but again let me say that I am not suggesting that this is good or bad. The details that we don't have and/or that are not out there are what happens to ENZC & us, the commons shareholders. We have held through a nonstop 2.5+ year bloodbath because we were all led to believe that we would see ENZC appreciate to it's true value, while we still own the qty of shares we currently hold. We were told for those 2.5+ years that ENZC was going through 2yr audit, so we could go SEC Reporting and move out of pinks. We were all led to believe that we would be a part of ENZC appreciating to a high enough value, where it would move out of OTC. Now it seems that ENZC will not be doing any of these things, and instead, everything is moving to BGEN/VIRO, where we may end up with same % ownership, but it will be a fraction of the shares we currently own, which is the equivalent of an RS.

With the sale of BGEN, who apparently owns the AI, and VIRO, what is ENZC left with? I know that ENZC will end up with a small % of ownership in the new co, but it will come nowhere close to the Qty of shares that we have each been holding for 2.5+ years. Like I mentioned in other post, if they determine our shares based on % ownership, we would end up with roughly 6,039 SAGA shares for every 1,000,000 shares of ENZC that we own. If ENZC moves into the new co, is this all that we're left with? 6,039 for every 1M ENZC we own?

Anyway, I hope Im explaining this right. I appreciate all of your input and by no means am I suggesting that I believe this deal to be good or bad, just that I want to understand the future of ENZC ticker, what it's left with, and if what we've been told for 2.5+ years is still happening, before I make that determination.