InvestorsHub Logo
Followers 10
Posts 270
Boards Moderated 0
Alias Born 01/23/2005

Re: None

Tuesday, 07/11/2023 4:26:43 PM

Tuesday, July 11, 2023 4:26:43 PM

Post# of 198928
Just got here, no need to chastise me if redundant.
Just read this over on Twits, thoughts?

The scenario says we get 900 shares of SAGA or whatever it ends up being called for every 100K shares of Enzo... That's at the standard SPAC price of $10.

Then we get 900 more if it goes to $5

We still own the 100K shares of Enzo, which might crash after the dividend, but who cares? You can still buy more ENZC and average down and even out with a profit.

Then there's the new company with all the tech and they sold 10% of it for enough cash to push through trials, and Institutions can instantly buy into it...

They didn't have to give a dividend at all, instead we get shares of a NASDAQ listed company.