Enzolytics Inc (ENZC)

[MAGA_PATRIOT]

Not the way I understand it. My understanding is that they said it would be based on % of ENCZ ownership vs the 45,000,000 SAGA shares they'll have to dividend out. So if you own 1M ENZC shares, that comes out to 0.03321% based on current OS.

0.0003321 X 45,000,000 = 14,946 SAGA Shares for every 1M ENZC shares owned. So we'll end up with 1.5% of the ENZC shares we currently own, but they'll be in SAGA shares. We will retain our ENZC shares, but as the filing stated, ENZC will have no assets and no operations, so those ENZC shares will go back to trips at best. Worthless. Also, the big clue here of what to expect for ENZC's future is that our CEO, COO, CSO, etc.... are all moving to SAGA. While they say they may retain their positions in ENZC, I think it's obvious they're focus is SAGA, not ENZC.

I'm not sure where that extra 9K shares is coming from. There is a make whole clause, so if SAGA is trading less than $10, we may get more or something like that. However, they'll just do the opposite of what they've done here. With ENZC, they've held this down for years. With SAGA, I'm sure they'll pay a few MM's to do the opposite and maintain it at/above $10.