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Re: None

Thursday, 08/17/2023 9:57:37 AM

Thursday, August 17, 2023 9:57:37 AM

Post# of 198922
The more I think about OTCN/INTL, the more I believe that SAGA is behind it. When this deal goes through, based on their current share structure + the 45M new added, current SAGA shareholders would only own about 8-10% of SAGA post deal. However, the more ENZC shares they buy now, the larger % ownership of SAGA they'll have post deal. I believe some of the selling was the newly unrestricted shares, but I believe a lot of the remaining is more about pushing the pps down as they drag out the deal, allowing them to buy as much as they can on the cheap. As long as each SAGA exec remains under 150,540,206 ENZC shares (5% of OS) each, they aren't required to file anything.

This has been going on since May non-stop, and there were only about 220M shares that moved to unrestricted, so the only scenarios I can think of are:

1. The OS on OTCM hasn't been updated and OTCN is diluting us with those 900M that were added.
2. The scenario (SAGA execs buying to increase post-deal ownership) I mentioned above. (OTCN/INTL recycling shares for purpose of controlling/pushing pps down as deal is dragged out)
3. Based on what we know is owned by retail on here, discord, twitter, etc..., I think #3 is unlikely, but I'll list it anyway. Some other very large shareholder or shareholders from a long time ago is dumping for some reason. However, we've traded roughly 1B+ since they started, which makes me lean more towards #1 or #2.

Those suggesting naked shorting, I seriously doubt it. I'm convinced what we've been watching with OTCN has more to do with this deal. I would like to think that if we we're being naked-shorted to this degree, our attorney CEO would actually address it. Also why I believe that the VIRT+OTCN combo that happens every time we break .10 is being done at the direction of a "friend" and/or "undisclosed partner."

Anyway, doesn't appear that OTCN is stopping anytime soon, but RSI is almost at oversold, so we'll likely see a tiny teaser spike soon, where the RSI magically jumps 13-20 points on 3M traded and +2%-4% green...