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Wednesday, August 30, 2023 11:00:13 AM
For example, lets say somebody owns 1M ENZC shares and the MC goes to $10B, giving ENZC a $3.32 pps. That person now owns $3.32M ($10B ÷ 3,010,803,144 OS = $3.32 PPS | $3.32 PPS X 1M ENZC Shares = $3.32M)
Now, once SAGA is complete, those 1M ENZC shares become 9,000 SAGA shares. SAGA MC goes to $10B and those 9K SAGA shares are now worth $1.836M ($10B ÷ 49,000,000 OS = $204.08 PPS | $204.08 PPS X 9,0000 SAGA Shares = $1.836M)
See the difference? Now factor in those who 5M, 10M etc... shares or eve worse, the smaller commons who may only hold a few 100K ENZC shares.
I unfortunately don't believe we'll see ENZC POP again. The way I see it is that the majority of our value is held by BGEN, which will no longer be part of ENZC. Also, if we were to see any kind of spike, I don't believe it would go beyond .14-.15, as that is what Charles is selling it for ($450M MC), but would love to be wrong.
I could see this pop and drop again like it did in '21. Only this time I need to sell at the top and not repeat another 2 years of kicking my ass on a daily basis.
Recent ENZC News
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