Enzolytics Inc (ENZC)

[buford78]

Question for the Board (aka the club),

I’ve been fortunate enough to be involved with three other tickers over the years that spun off Dividends in the form of shares .

In each case the Date of Record to qualify for the Dividends was the month ending prior to any announcement’s . This way only the long term shareholders or shareholders of record prior to that date qualified for the Dividend .

If I understand the verbiage correctly in regard to the SAGA SPAC. The date of record to qualify for the Divy will be either the day prior to the signing of the agreement or the day after.

So if you have been holding shares for the last 3 years , someone who buys shares this coming week at the manipulated low will qualify for the same Dividend as the long term shareholder ?
This doesn’t seem right. As the dividend share count stands to get diluted by Newbies .

I may have misunderstood the verbiage as it pertains to the announced Date of Record. If not , it doesn’t seem that the true long term shareholders are being rewarded for their commitment.

Opinions and thoughts welcomed .