Enzolytics Inc (ENZC)

[falon]

I am not defending SAGA however they had no choice other than to file for an extension.

They may be close to getting the deal done.

The key right now is getting the S-4 on the street as it is the most difficult and time consuming portion of the De-SPAC process.

The biggest concern with the S-4 is the SEC request for comment and how long that process will take to get it approved.

Once the S-4 is approved it should be smooth sailing.

Again the key is the S-4 and if we don't see it in the very near future (2-3 weeks hopefully sooner) then in my opinion there is something seriously wrong somewhere.

If the SEC had request for comments, the exchange of information could go back and forth for two or three months before the S-4 is approved.

S-4 is the key and needs to be on the street sooner than later.