Followers | 126 |
Posts | 7338 |
Boards Moderated | 1 |
Alias Born | 12/03/2017 |
Monday, September 25, 2023 10:23:19 AM
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.
Recent ENZC News
- Small Cap Recipient of Military Drone Technology • InvestorsHub NewsWire • 11/20/2023 01:14:45 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM