Enzolytics Inc (ENZC)

[foxi]

After dividend date, at the end of the lock-up period, wouldn't 45 million SAGA dividend shares + an unknown number of make-whole shares suddenly become eligible to trade, all at once? e.g. Float would represent about 10% of SAGA initially, then the remaining 90% of the company could trade simultaneously on some future date?

If SAGA issues 45 million shares to ENZC, then increases O/S before the six months to offset, that could create even more make-whole shares for the dividend. If they dilute after six months, share price might diminish while people hold dividend shares they can't trade yet, due to the lock-up period.

It's manageable, but Biogenysis and Virogentics need to deliver.