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Re: Dyno89 post# 181554

Wednesday, 07/12/2023 11:53:48 AM

Wednesday, July 12, 2023 11:53:48 AM

Post# of 198929
Thx Dyno, but I think you may have misunderstood what I was saying. If SAGA drops, it wouldn't be beneficial to us. If they can hold the $10 or more pps after the 45M shares are added, and they div out the full 45M shares to us based on ENZC ownership (ENZC OS remains at 3,010,804,133), then it would be beneficial to us. We would gain $100K for every 1m shares we own (based on today's ENZC pps). Calculations shown below again.

However, since the make whole calculation happens prior to getting the shares, if it drops as soon as we get the shares (45M added), than it wouldn't be beneficial.

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+