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Re: Dyno89 post# 180620

Friday, 06/30/2023 1:30:58 PM

Friday, June 30, 2023 1:30:58 PM

Post# of 198922
If the dividend is coming from the $450M, then the most shares they'd give us would be around 13,339 for every 1M ENZC shares owned, but that would be if they used the full $450M for the dividend, and I don't see that happening.

1 SAGA Share = $11.20 (as of right now today)
1,000,000 ENZC Shares = 0.0332% of ownership
0.0332% = 0.000332
0.000332 x $450,000,000 = $149,400
$149,000 ÷ 11.20 = 13,339 SAGA Shares

However, it believe it more likely that they use $200M or less for the dividend, which would be around 6,039 SAGA shares for every 1,000,000 shares (0.0332% ownership) of ENZC.