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Saturday, September 02, 2023 8:40:29 AM
That said, I really feel like this SAGA deal sells our value for at least 20X less than annual projected C3 earnings (roughly $9B per year over first 10-11 years per Charles), and in return we end up with somewhere around 1/100th of the current qty of ENZC shares that we own. As I’ve been saying since this was announced, I view this deal as a reverse split disguised as something else, and I personally don’t want to see it go through.
At this point, I’m just holding on to hope, because it’s really hard to believe anything coming from Charles or Chandra… I’m sure others disagree, and that’s ok, but this is how I see it…
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