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Re: Timing101 post# 187807

Saturday, 10/07/2023 12:04:27 PM

Saturday, October 07, 2023 12:04:27 PM

Post# of 198305
Thx Timing... Great post & thoughts.... In regards to the question "if SAGA pps goes down, then more shares are issue," I find it very confusing. I understand the concept of the make-whole agreement and what they are trying to do, but I'm a little iffy on how BGEN/VIRO can't get ENZC MC above $125M, but somehow they're going to immediately add $450M to SAGA? If they don't and the pps goes down, then more shares are issued to ENZC shareholder to make up for it. However, if/when more shares are added for the make whole, won't that just push the SAGA pps down further?

Anyway, I appreciate the response and like I've been saying, I'm really hoping that Charles & Co. somehow pull a rabbit out of a hat as it pertains to us (ENZC commons), because I'd be lying if I didn't say that I'm a bit worried as to the future value that ENZC commons will end up with (ENZC shares + SAGA Div). It seems to me that the majority of value, as well as the most future excitement will be held by BGEN (C3, C7, AI, etc...)


(so there is NO real $450 million dollars being exchanged, it is Stock move , and if the share price goes down after close, then MORE SHARES are issued to make up the difference).