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Wednesday, July 12, 2023 11:00:55 AM
Anyway, I originally saw yesterday's filing as an enormous slap in the face to commons, but then took some deep breaths last night and started analyzing it in more detail, which is when all of that post came to mind. However, if SAGA somehow does hold the $10pps after the 45m shares are added, and ENZC OS doesn't increases to 5B as used in filing example, it wouldn't as bad as I originally thought. The calculations would then break out as follows:
1M ENZC Shares = 0.03321% (This is based on ENZC current OS, not the 5B used in their example)
45,000,000 x 0.003321 = 14,946 SAGA Shares
14,946 Saga Shares @ $10 = $149,460
1M ENZC Shares = $49,000
Gain of $100K+
That said, I still don't like it as much as what we were all led to believe was going to happen with ENZC (SEC Reporting, Uplist, Appreciate to true value, go to naz, etc...), but it wouldn't be as bad as I originally thought. However, it really depends on whether or not SAGA retains a $10pps after the 45M shares are added, and whether or not ENZC's OS stays the same. Why did they 5B in the example? Also, we still have no idea why they added those 900M shares, but if they start hitting us while we're down here, they'll eventually push us back into the 03's, 02' or lower... Hopefully that's the not the case and our OS stays the same, while SAGA retains a $10pps
The success of the scenario depends on the value Biogenysis and Virogentics can create in the meantime.
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