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Re: foxi post# 181262

Tuesday, 07/11/2023 11:05:07 AM

Tuesday, July 11, 2023 11:05:07 AM

Post# of 198927
100% correct! It is the equivalent of an RS, only the result shares that we end up with, would be in SAGA. Because of this, they're not calling it an RS, but thats what it is.

Whenever the dividend would happen, ENZC shareholders would own their proportional amount in SAGA shares, ENZC would hold no more equity in SAGA and all of VIRO and BGEN, plus IP and licensing, would belong to SAGA. ENZC would be left with its ticker, its lawsuits, its subsidiary RobustoMed, and would probably need a new management team since the current team has announced new roles at SAGA.