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Re: jngreene33 post# 184760

Tuesday, 08/22/2023 11:08:45 AM

Tuesday, August 22, 2023 11:08:45 AM

Post# of 198796
I'm not sure how the series B work, but I know there were other details in the fins a while back about toxic lenders converting at a discounted rate, something like 50% of lowest closing bid over the previous trailing 5 days (not exactly this, but something along these lines). Also, if somebody else (SAGA Execs) are trying to buy up as many ENZC shares as possible prior to dividend so they can increase their SAGA ownership post-dividend, they'd want the pps as low as possible; and as long as they don't go over something like 150M shares per person, they won't be required to file anything (staying under 5% ownership).

Then we also should factor in that somehow Gries & Assc were engaged in Jan 2023 to complete 2022 audit, but that's not finished yet? I seriously doubt they haven't finished. I believe it's much more likely that they have, but it's being held back.

I don't claim to know anymore than the next person, so just throwing darts at a wall tying to figure it out...
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