Enzolytics Inc (ENZC)

[MAGA_PATRIOT]

Bonnie, the way that I read today's filing is this. Let's say you own 1M ENZC shares. With this, you'll end up with 14,946 SAGA shares for every 1M ENZC shares you own. Once those shares are given to you via dividend, ENZC will own no assets and have no operations, so while you will still own 1M ENZC shares, they will be absolutely worthless with no ops, assets, and it seems mgmt will be at SAGA. Even if they have duel roles SAGA/ENZC, what are they going to be working on at ENZC, when it owns no assets? As I've been saying today, this is nothing more than a reverse split, but because you'll end up with SAGA shares still retain worthless ENZC shares, they're not calling it a Reverse Split. It is a slap in the face for those who held strong when they could've cashed out for 7+ figures.

Before you ask, I arrived at the 14,946 based on what the PR said. They are taking 45M SAGA shares and giving to ENZC shareholders as dividend based on % ownership. If you own 1M ENZC shares, that is 0.0332134% ownership of ENZC.

0.000332134 x 45,000,000 = 14,946
14,946 X $10 pps = $140,946