Enzolytics Inc (ENZC)

[MAGA_PATRIOT]

Ok raja - back on my computer and will try to make this easy for you using round numbers. I'm not referring to any $, just simply SAGA stock.

1. Right now SAGA OS is roughly 5M hares
2. ENZC is not getting $450M from SAGA, they are getting 45M shares at $10 each. Once deal is complete and 45M shares added for ENZC, the OS will be roughly 50M.
3. 45M ÷ 50M = 0.90 or 90% Therefore, ENZC shareholders (combined) will own 90% of SAGA.

I agree with you on valuation of ENZC right now while we currently own 100% of BGEN/VIRO and have brought up this point many, many times. Right now ENZC can't break an MC of $150M with 100% of BGEN, VIRO, & Robustomed, yet for some reason SAGA is willing to pay $450M (45M shares)? They must have seen something that Charles has yet to disclose publicly, and will likely disclose/PR it under SAGA once the deal is done.


That said, I will be completely honest here and say that I have not been paying as much attention to this as I have in the past, so if anything has changed since the above was first announced, I am unaware of it. Second, I've made no secret that I don't like this deal and would much rather see ENZC go the route we were all originally led to believe they'd go vs selling the farm for $450M (45M shares of stock) to a bottom of the barrel SPAC, but it is what it is, and I'm still hoping for the best.

Sorry, that does not answer the 450 Million for 10% of the company, which means total valuation is 4.5 Billion dollars.

ENZC shareholders combined will hold 90% of SAGA, leaving SAGA stock, leaving SAGA executives with only 10%


10% of what ? 4.5 billion dollars? Because 90% of it is now owned by ENZC shareholders and that amounts to valuation of 4.05 Billion dollars - and yet the MC of ENZC is what - slightly north of 100 million dollars; and the market you think will not observe this huge chance to make money and allow the stock to sit at 4 cents?

Try to make a connection between the various numbers you are putting forward - 450 Million for 10% of the company SAGA.... ENZC will hold 90% of SAGA and executives of SAGA will hold the remaining 10%