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Tuesday, July 11, 2023 12:42:42 PM
The proposed non-binding business combination is not finalized.
If there's no money set aside to fund VIRO and BGEN operations SAGA will need to raise additional money somehow. If operating money is instead allocated from the sale, then the example in the PR is oversimplifying the transaction.
Do ENZC's preferred shareholders also get a dividend?
Is there a lock-up period for SAGA dividend shares?
Only ENZC Preferred C and D are currently listed as actually having dividend rights. Common is explicitly listed as not having dividend rights.
What happens to SAGA share price when everyone gets their dividend and wishes to take profit?
There may be a play here, but there are still unknowns and risk. I'm a little surprised the share price isn't rising on speculation though. Your math checks out based on the example numbers in the PR.
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